Eugene David ...The One-Minute Pundit |
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Wednesday, August 11, 2010
At the local dollar store where I go for snacks General Mills raised the price of Bugles by 25 percent, in that way beloved of CEOs -- reducing the package size. This is why most people hate CEOs, because such stratagems are designed to increase the CEO's pay. It's comforting to hear food companies say they're in trouble but they still reserve their inalienable right to stick it to their customers.
Ken Powell, the King of General Mills, got a 105-percent pay hike last year. Yes, mostly in options, but it's still 105 percent. I'm not financing THAT anymore.
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