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Denny's Daily Zinger: When the Boss Is Wildly Overpaid

June 6, 2014 By Denny Hatch
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I saw it last week on TV and ran across it online:

Median CEO pay is 257 times the average American worker's pay.

The usual scenario: head honcho packs the board of directors with buddies who return the favor by voting higher salary and more shares of stock.

According to the AP, the highest paid CEO in the country is:

Anthony Petrello, Nabors Industries, $68.2 million, up 246 percent.

If I were Anthony Petrello, I would send the following personal letter to every one of the people who work for me:

Dear Laurie,

My pay package of $68.2 million has been well-publicized.

Nobody needs that kind of money.

So I am peeling off $50 million and sending an equal share to you and your 29,000 co-workers.

Enclosed is my personal check for $1,725.00—my thanks for your contribution to Nabors' $6.5 billion revenue this year.

Thank you again for all you do.

Sincerely,

/s/ Tony Petrello

That would leave me with $18.2 million for the year.

I think Peggy and I could scrape by.

And wouldn't it be a morale-booster Nabors-wide?

Of course, I would make a slew of enemies—all the other greedy bankers, lawyers, CEOs and fund managers around the world who have obscene incomes and rhinoceros hides.

Denny Hatch's new book is "Write Everything Right!" Charles Gaudet writes, "Once again, Denny Hatch provides us with sage and proven advice from the trenches. The book is chock-full of examples, takeaways and strategies for making every word more compelling and persuasive. This is easily one of those 'top-shelf= books you'll reference time and time again." Click here to download (opens as a PDF) and read the first three chapters FREE. The title is also available on Kindle. Reach Denny at dennyhatch@yahoo.com.

 
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