Question: John Mackey now takes $1 a year in pay. In the last year in which he received a regular paycheck as CEO, his pay package
John Mackey now takes $1 a year in pay. In the last year in which he received a regular paycheck as CEO, his pay package totalled $436,000—about 14 times the average WFM worker’s salary of $32,000 and relatively low for the industry. In the same year, however, he exercised nearly $2 million in stock options, bringing his total earnings to about $2.5 million. The company acknowledges that Mackey also holds more money in vested stock options but prefers to publicize its worker friendly pay cap. If you were a team member at WFM, would this fact affect your attitude toward the company? How about your attitude toward your job?
Step by Step Solution
3.50 Rating (173 Votes )
There are 3 Steps involved in it
Equity theory suggests that people want to be treated fai... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
23-B-O-B-I-P (59).docx
120 KBs Word File
