How much $$ could we save if we Outsource the CEOs?! [View All]

[Stephanie]

Companies could hire the most brilliant business minds in India for a fraction of what they're paying now. In this day and age, it would be irresponsible for companies not to maximize shareholder profits by moving CEO jobs offshore. Their first responsibility is to the shareholders. Correct?

How many thousands of low-level jobs would have to be outsourced, at great trouble and expense, to match the money we would save by outsourcing just ONE CEO job.



Company * CEO * 2002 salary & bonus

Wells Fargo * Richard M. Kovacevich * $7,995,000
Merrill Lynch * David H. Komansky1 * $7,700,000
General Electric * Jeffrey R. Immelt * $6,900,000
Goldman Sachs Group * Henry M. Paulson Jr. * $6,853,500
Morgan Stanley * Philip J. Purcell * $6,387,500
Northrop Grumman * Kent Kresa * $6,365,264
SBC Communications * Edward E. Whitacre, Jr. * $6,100,000
Walt Disney * Michael D. Eisner * $6,000,000
IBM * Samuel J. Palmisano * $5,933,333
Coca-Cola * Douglas N. Daft * $5,500,000
Tenet Healthcare * Jeffrey C. Barbakow * $5,383,109
Pfizer * Henry A. McKinnell * $5,309,200
Wachovia * G. Kennedy Thompson * $4,750,000
Tyson Foods * John Tyson * $4,480,000
Anheuser-Busch * Patrick T. Stokes * $4,425,000
Verizon Communications * Ivan G. Seidenberg * $4,200,000
Lockheed Martin * Vance D. Coffman * $4,153,846
PepsiCo * Steven S. Reinemund * $4,150,000
Tyco International * Edward D. Breen * $4,058,298
Washington Mutual * Kerry K. Killinger * $4,009,000
Bank One * James Dimon * $4,000,000
McKesson * John H. Hammergren * $3,947,596
Hewlett-Packard * Carleton S. Fiorina * $3,930,602
ConAgra Foods * Bruce Rohde * $3,919,267
Aflac * Daniel P. Amos * $3,754,633
American Express * Kenneth I. Chenault * $3,750,000
Cardinal Health * Robert D. Walter * $3,701,370
Delphi * J.T. Battenberg III * $3,700,000
Johnson Controls * James H. Keyes1 * $3,636,500
Procter & Gamble * Alan G. Lafley * $3,620,000
United Technologies * George David * $3,600,000
Aetna * John W. Rowe * $3,500,000

06/04/2003 - Updated 06:09 PM ET
http://www.usatoday.com/money/companies/management/2003-03-31-ceo-comp-chart-salary-bonus.htm