I make a very good salary and work damn hard for it. The more I work, the more I make. Sometimes I work 80 hours/week or more, often straight through the night; I frequently go for weeks sleeping only 1-3 hours/night (my average is probably 4-5 hours/night) so that I can work but also have a life. That’s the nature of my work and what I need to do to ensure that I remain at the top of my field. Fortunately I love most of what I do.
I’ve literally worked my entire life since I was 10 years old and paid my way for almost everything (everything since 18; until then, I didn’t have to pay for accommodations but paid for everything else). The tax I pay is more than most people make as a salary because I don’t make enough money to be in that elite group that pays very little tax. That’s my full disclosure before presenting the next few headlines, which are expanded on in the Comments section below.
People are bitching about the minimum wage increasing to $10.25 next year, thinking people who earn this have hit the big time. Are they crazy? And others claim that such a “lucrative” minimum wage will prevent people from trying to attain better jobs. Well, guess what: Some people cannot attain better jobs. And somebody has to do these jobs, so why try to ensure that these people live in poverty? Even $10.25 will keep people in poverty, so why are these idiots demanding that it stay at $9.50 or $8.75?!
But even worse are the stories below:
1) Universities shelling out top dollar for top staff
As universities struggle to cut costs during a recession, there is one area where it could be too costly to cutback: Salaries for top staff. Hundreds of employees, dozens of deans and numerous professors at University of Toronto, Ryerson and York are paid more than $200,000, with some making near $500,000, according to the official salary list released yesterday.
[This is ridiculous. Professors get paid silly money, trust me. But just as with teachers, I think professors do provide a very important service–if they are actually trying to teach, rather than doing the necessary evil of teaching one or two courses per term while they would rather hide out in their research labs. But I can’t stand the excuse that crazy high salaries for admin staff are necessary to attract the top minds because these top minds have all come up with great business plans: Keep jacking up tuition, charge students for little things here and there to milk them for everything they’ve got (e.g., Ryerson students have to pay tuition for the entire year up front, or face penalties, whereas other students can pay per term), hire contract instructors who get paid half of what professors receive, etc. I’m sure many competent admin people would work for far less, especially in this climate.]
2) Ex-premier,
Mike Harris, hits corporate jackpot: In an industry scrambling for financial help, Harris gets his largest pay package yet
Former Ontario premier Mike Harris has hit the jackpot in his post-political career as a corporate director at auto parts giant Magna International. Harris, who sits on the boards of at least six other companies in addition to Magna, got $669,740 (U.S.) in total compensation as lead director last year, according to the company’s public filings, up significantly from $441,750 in 2007. As lead director, Harris attended 27 board and committee meetings last year, down from 43 in 2007.
The Ontario Teachers’ Pension Plan Board, which held almost one million shares of Magna at one time, withheld support for the board’s directors for three years over issues regarding its independence and its approval of huge compensation packages for Stronach, the company’s chair. Teachers argued there was “no justification” for the pay. Canadian Business magazine ranked Magna’s board as one of the “worst” in the country in 2007.
[Politicians get crazy pensions because they lack job security. What the fuck?! This is what the worst premiere in the history of Canada–the evil asshole of the century who ruined Ontario–gets as his compensation. And many other politicians get similarly sweet deals, which can help explain some of their unethical and immoral actions (follow the money trail…)]
3) Sabia got $21M golden handshake from BCE
MONTREAL – Michael Sabia received a $21-million golden handshake from BCE Inc. when he departed the telecom company last summer, before accepting his controversial appointment as head of Quebec’s pension fund manager. Sabia’s package from BCE (TSX: BCE) included severance equal to three years’ salary and short-term incentives exceeding $9 million, according to a regulatory filing of BCE’s proxy circular.
He also received $1.25 million related to BCE’s abandoned privatization attempt, $3.1 million incentive pay, $2.9 million in accelerated vesting of stock options and $729,000 in salary until his departure July 11.
Since turning 55 in September, Sabia began to receive an annual pension of nearly $969,000.
[I’ve got nothin’….just shoot me now]
4) 588 TTC workers on big-bucks list — 200 more employees join workers paid $100,000 or better
That number includes 21 station collectors, the people who staff subway fare booths.
[I know this is due to overtime, but what the fuck?! They volunteer to work overtime; this isn’t imposed on them, like it is with most workers, many of whom don’t even get paid for their extra work, let alone double-time pay or pay and a half. And many ticket collectors are rude, unhelpful, incompetent, etc. Hire more people who dropped out of school to sit around in a booth all day, rather than letting these yahoos collect double-time pay for doing something a trained monkey could do! Oh yes, and fuck you Giambrone!]