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:
“I thought a minute, and says to myself, hold on,—s’pose you’d a done right and give Jim up; would you felt better than what you do now? No, says I, I’d feel bad—I’d feel just the same way I do now. Well, then, says I, what’s the use you learning to do right, when it’s troublesome to do right and ain’t no trouble to do wrong, and the wages is just the same?”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“If the wages of sin are death, what else, I should like to know, is the wages of virtue?”
—Samuel Butler (1835–1902)
“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)