The average Lamar R-1 schoolteacher made $31,172 last year, according to the district report card released earlier this year and available for viewing at the Department of Elementary and Secondary Education website. That total is $8,085 less than what O'Sullivan Industries' million-dollar CEO Bob Parker made...during the last two weeks of October.
A financial report filed Tuesday in U. S. Bankruptcy Court for the Northern District of Georgia indicates Parker, who took a medical leave of absence during the time period, was paid $39,257 for Oct. 15-31. His fellow Newell Rubbermaid refugees, Rick Walters and Kelly Terry earned E$10,474.88 and $8,076.46 respectively during the 16-day time period.
An interesting feature of the report was a listing of taxes that the company has not yet paid. The list includes more than $275,000 in personal property and real estate taxes owed to Barton County and due at the end of the calendar year.
The report shows O'Sullivan Industries had $1,133,435 as of Oct. 15 and $1,178,405 at the end of October.
$39,257!!?? I work a full time job saving lives and made $21,757 less than that for the whole year! That's unbelievable!!! That much money in two weeks just to fire people and not pay bills-I guess I picked the wrong career.
ReplyDeleteRandy,
ReplyDeleteI am curious why you are so transfixed with the salaries of these people. They are not elected officials nor are they paid with tax dollars. It is private enterprise so if they want to overpay their executives, let them. That is the beauty of capitalism. The ones who should be concerned are the ones to whom they owe money, they have that right to vent.
O'Sullivans is a joke now. There is no one person worth what they are paying their executives. Must be nice to run a company in the ground and then to have the guts to ask for a pay raise! The problem with a lot of companies these days is the fact the CEO's really have no idea what the company they are running does, they just know that no one is worth as much money as they are. Management is pretty much a country club affair. You have to yuck yuck with the brass and believe things that arent true just to advance!
ReplyDeleteYeah thats right that the people whom they owe money to have the right to complain but also, so do the people out of work because of inflated salaries of executives that cannot do their jobs.
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