Monday, April 10, 2006

CEO Pension Envy

If you haven't filed your income tax yet, get busy; you only have one more week. We owe money again this year, and have ever since our kids got off of what we like to call "the dole." Those extra deductions sure did help reduce our tax liability. We should have had 10 children. Nah...just kidding!

Income tax time usually motivates us to review our retirement investments and consider our future. Are we in decent shape? Yes, but there's always room for improvement, especially since pensions, health insurance, and social security remain vulnerable.

Too bad we weren't born with silver spoons in our mouths. We just have to hope for the best at this point in time and trust that we've made the right decisions. We’re in good company though since most working Americans will never see the kind of retirements many CEO's enjoy:

Henry A. McKinnell of Pfizer, Inc. will collect $6,518,459 annually and Brian L. Roberts of Comcast Corp. will receive $3,600,000, but PepsiCo, Inc. CEO, Steven S. Reinemund, will only look forward to $2,170,870 a year.

Poor man! That's still a decent chunk of change. My hubby and I could live out our years quite comfortably on just one year of his retirement income. Are you listening, Mr. Reinemund? If you feel inclined to share some of your pension, I'd be willing to switch from Coke to Pepsi!

4 comments:

abi said...

How's poor Stevie going to survive on that? Maybe we should all send him our empty Pepsi bottles so he can cart them off to the supermarket for the deposit refunds.

Nice round sum for the Comcast CEO. Now I know why my bill keeps growing by leaps and bounds.

Kathy said...

Abi, poor Stevie probably gets all the Pepsi he can drink for free!

Kvatch said...

CEOs? Bah! I heard that DeLay is going to be eligible for his pension, even if he's convicted--as was Cunningham.

Kathy said...

Good point, Kvatch. There's one set of rules in this country for us common people and one for the elite.