🚀 go-pugleaf

jeg@netcom.com (Julian E. Gomez) writes:
>According to KRON-TV, the CEO of Pacific Bell is one of the five
>highest paid executives in California.

>What the hell is going on?

Say "Government supported monopoly."  Pac Bell is a "Public Utility,"
i.e. effectively a government run nationalized company with "local
management."  They have guaranteed profit.  If they raise the salary
of their CEO, they just stick it to the consumer to recover it.  In
addition, the government makes sure that competition is severely
limited.  In return, the government gets to spend more money and
expand the number of people it has to hire, which they see as a good
deal all around.

Now, as to why they're paying their CEO too much, who knows?  Because
of government backing, they're not really open to public pressure.
-- 
When you're in command, command.