Jeff Schultz reminds Braves fans why we need new ownership:
Monday’s Wall Street Journal lists the top 10 paid CEOs among 456 of the largest U.S. public companies. Maffei, the head of Liberty Media Corp., which owns the Braves, tops the list. According to the Journal, Maffei “enjoyed total direct pre-tax compensation of $87.1 million last year, four times his 2008 package.”
I’m not going to debate whether somebody deserves four times their 2008 pay. That’s up to the company and the stockholders. But if a company is so flush with dollars that the CEO can draw an income of $87.1 million, is there not another $15 to $20 million a year for the Braves to beef up their anemic lineup?
- Liberty’s Maffei Tops List of Best-Paid CEOs (dailyfinance.com)