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:
“For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.”
—Bible: New Testament St. Paul, in Romans, 6:23.
“Three factors—the belief that child care is female work, the failure of ex-husbands to support their children, and higher male wages at work—have taken the economic rug from under that half of married women who divorce.”
—Arlie Hochschild (20th century)