John Mackey now takes $1 a year in pay. In the last year in which he received
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John Mackey now takes $1 a year in pay. In the last year in which he received a regular paycheck as CEO, his pay package totalled $436,000—about 14 times the average WFM worker’s salary of $32,000 and relatively low for the industry. In the same year, however, he exercised nearly $2 million in stock options, bringing his total earnings to about $2.5 million. The company acknowledges that Mackey also holds more money in vested stock options but prefers to publicize its worker friendly pay cap. If you were a team member at WFM, would this fact affect your attitude toward the company? How about your attitude toward your job?
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Related Book For
Organizational Behavior Managing People And Organizations
ISBN: 23
10th Edition
Authors: Ricky W. Griffin And Gregory Moorhead
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