Wages
Ben & Jerry's used to have a policy that no employee's rate of pay shall exceed seven times that of entry-level employees. In 1995, entry-level employees were paid $8 hourly, and the highest paid employee was President and Chief Operating Officer Chuck Lacey, who earned $150,000 annually. When Ben Cohen resigned as Chief Executive Officer and Ben & Jerry's announced the search for a new CEO in 1995, the company ended the seven-to-one-ratio policy.
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Famous quotes containing the word wages:
“For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.”
—Bible: New Testament St. Paul, in Romans, 6:23.
“The more I see of democracy the more I dislike it. It just brings everything down to the mere vulgar level of wages and prices, electric light and water closets, and nothing else.”
—D.H. (David Herbert)
“I know what wages beauty gives,
How hard a life her servant lives,
Yet praise the winters gone:
There is not a fool can call me friend,
And I may dine at journey’s end
With Landor and with Donne.”
—William Butler Yeats (1865–1939)