Monday, January 19, 2009

CIOs' pay shows they aren't sharing the pain

From Computerworld, January 12, 2009...

Last October, there was an article on StarTribune.com, the Web site of the Minneapolis-St. Paul daily, about Ameriprise Financial in Minneapolis having reported a loss of $70 million for its third quarter. Several readers who posted online comments about the story claimed that the loss had resulted in layoffs and that more were expected. One reader said that the layoffs included "many" technology workers. If that's true, imagine how disgusted those workers would have been if they'd known that their boss was enjoying a compensation package in excess of $6 million.

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