Boards of directors reward mediocrity with huge bonuses
The author argues that United States company boards favor top executives despite mediocre performance. He details Disney executives Eisner and others receiving multimillion dollar bonuses in 1997 and 1998, totaling over 6.5 million dollars for a mediocre year, and criticizes boards for prioritizing executives over customers, stockholders, and employees. He recalls his own experience of no bonuses for mediocre performance and accuses boards of running Mickey Mouse shows.
MENTIONED IN THIS ARTICLE
America
Walt Disney Company
Michael Eisner
Eisner
Washington
Congress
Tep
Disneyland
GOP to push for pay raises in Ohio Legislature
Ohio Republicans plan to introduce bills in 2001 to raise lawmakers salaries for the first time since 1992. Senators Blessing and Ray seek base pay hikes to about 60 000 or 2 500 with future cost of living raises. Critics note legislators already earn 42 427 plus travel, with limited meals lodging.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Franklin County
Scott Pullins
Rob Ray
Akron
Louis Blessing
Cincinnati
Blessing
Ray
Coughlin
House
Kasich Sets Bid for 2000 White House Run
Rep. John Kasich moves to elevate his profile with an exploratory committee Kasich 2000 and a Columbus rally as he eyes a presidential bid. He plans NH and Iowa outreach and a campaign on about 18.5 million, leveraging TV and Internet to build name recognition.
MENTIONED IN THIS ARTICLE
Washington
Uss
John Kasich
Ohio
House
Kasich
Federal Election Commission
Columbus
New Hampshire
Iowa
Steve Forbes
America
North Eaton church to offer Sunday contemporary services
North Eaton Christian Church will start 6 p.m. Sunday contemporary worship during Lent at 35895 Royalton Road. The in-house band Crisis, a four member group including Diana Tyler, will perform light rock and country flavored Christian songs in a casual, upbeat 30 to 60 minute service aimed at families. The band formed two years ago at the church and has performed locally. they hope to release a CD of spiritual music soon.
MENTIONED IN THIS ARTICLE
North Eaton
Tyler
Mike Kinkead
Tim Tyler
Glen Thompson
Diana Tyler
Eaton Township
Tylers
Crisis
North Eaton Christian Church
Gien Thompson
Cuyahoga asks churches to aid welfare reform
Cuyahoga County officials urge churches and faith groups to help train and assist welfare recipients facing new work requirements. The move, questioned by the ACLU of Ohio over church state separation, warms to clergy support as rules cap benefits at 36 months and demand 30 hours weekly work or work/training activity.
MENTIONED IN THIS ARTICLE
Cuyahoga
Cleveland
Cuyahoga County
American Civil Liberties Union of
Ohio
Jimmy Dimora
Ralph E. Johnson
Cuyahoga Work & Training
Rev
C.J. Mat
Officials question farmland tax idea
TOLEDO AP Ohio's new farmland preservation bill allows local communities to tax themselves to fund payments to landowners who agree to give up development rights. The difference between agricultural value and development value would be paid to owners who cannot later permit residential or commercial growth. Localities, including cities and townships, may use the law, but some officials fear property rights conflicts and oppose state-level taxes though redevelopment of old industrial sites is suggested to curb sprawl.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Chris Redfern
Ottawa County Commission
Redfern
Also Mentioned on This Page
Harvey Gittler
Marvey Gittler
Grace Drake
R-Solon
National Taxpayers Union of Ohio
Ways and Means Committee
Bob Taft
Scott Milburn
Kevin Coughlin
Cuyahoga Falls
Tom Mahl
Chronicle
Elyria
North Park
Duffy Street
Parks and Recreation Department
NBC
Dan Quayle
Elizabeth Dole
Texas
George W. Bush
CNBC
MSNBC
CNN
Otis Moss Jr
Olivet Institutional Baptist Church
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