Showing posts with label expenses. Show all posts
Showing posts with label expenses. Show all posts

Friday, December 15, 2006

Asking the tough question!

Just noticed this article on Fortune.

Are You Making Too Much Money?

I found the following insightful questions in the article...

  • How does our pay compare to the competition in total, not just salary?
  • Was our management team outperforming the competition?
  • And was this related to their specific performance or just being in the right place at the right time?
  • To what extent does our pay vary with performance?
  • Do we have enough variability in that pay, or are we building in expense that will hurt us if and when the next retail downturn comes?
  • And what principles should guide the value sharing between management and staff and the shareholder?
Questions from Alison Winters chair of Nordstrom's compensation committee to their board.