Well I guess times are hard on our executives as well. Dan Garton who is forced to try and make ends meet on the paltry $2.8 million he gets from AMR apparantly does pretty well with his part time gig.
Director Compensation (Liberty Property Trust) for 2009
Fees earned or paid in cash $39,000.00
Stock awards $34,500.00
Option awards (in $) $13,800.00
Total Compensation $87,300.00
Not baad!
He has a hell of a commute though , they own the tallest building in Philadelphia, and are based in PA.
Note his job title at his part time gig. Director Compensation. Why would an executive of AMR determine the pay of an executive at Liberty Property Trust? Isnt it a bit of a conflict of interest to have executives on both sides of the table determining what executives get paid? Is it any surpise how executive compensation has skyrocketed despite the fact that the supply of MBAs is higher than ever before?
"The number of MBA degrees conferred annually has seen explosive growth over the last few decades, going from under 5,000 MBAs in 1960 to more than 100,000 MBAs in 2000 -- and now averaging more than 150,000 annually, according to the National Center for Education Statistics (NCES). Enrollment is also influenced by the economy, and as the economy turns toward a downturn, both recent grads and displaced workers head back to earn their MBAs. "
www.quintcareers.com/MBA_degree.html
"Now averaging 150,000 annually", up 50% since 2000, that compares to around 6000 Mechanics certificates isued in 2009.
This years graduating class of MBAs could easily replace our entire management staff, but the same could not be said for new A&Ps.
Director Compensation (Liberty Property Trust) for 2009
Fees earned or paid in cash $39,000.00
Stock awards $34,500.00
Option awards (in $) $13,800.00
Total Compensation $87,300.00
Not baad!
He has a hell of a commute though , they own the tallest building in Philadelphia, and are based in PA.
Note his job title at his part time gig. Director Compensation. Why would an executive of AMR determine the pay of an executive at Liberty Property Trust? Isnt it a bit of a conflict of interest to have executives on both sides of the table determining what executives get paid? Is it any surpise how executive compensation has skyrocketed despite the fact that the supply of MBAs is higher than ever before?
"The number of MBA degrees conferred annually has seen explosive growth over the last few decades, going from under 5,000 MBAs in 1960 to more than 100,000 MBAs in 2000 -- and now averaging more than 150,000 annually, according to the National Center for Education Statistics (NCES). Enrollment is also influenced by the economy, and as the economy turns toward a downturn, both recent grads and displaced workers head back to earn their MBAs. "
www.quintcareers.com/MBA_degree.html
"Now averaging 150,000 annually", up 50% since 2000, that compares to around 6000 Mechanics certificates isued in 2009.
This years graduating class of MBAs could easily replace our entire management staff, but the same could not be said for new A&Ps.