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NEWS ABOUT: outrageous salaries

Apple Thanks New CEO With 1M Shares

Tim Cook will reap $383M value by staying on until 2021

(Newser) - "Thanks for taking over as Apple's CEO, Tim. And by the way, here's $383 million." That's not an exact quote, but yes, Apple is awarding Tim Cook with one million shares currently valued at $383 million for taking the helm until 2021. MacRumors reports the... More »

Newport Beach Lifeguards Rake in ... $200K a Year

California lifeguards reimbursed $400 annually for sunscreen expenses, too!

(AP) - Life is good for the full-time lifeguard staff at California's Newport Beach, or at least it was, until someone caught a glimpse of their paychecks. Since a newspaper editorialized about salaries, benefits, and overtime pay that in at least two instances top $200,000 (with $400 for sun protection),... More »

LA Suburb Officials Hit With Corruption Charges

8 made Bell coffers 'their piggy bank': DA

(Newser) - Eight well-paid current and former officials of the city of Bell, Calif. , were rounded up and hit with a slew of corruption charges today, the LA Times reports. Among the eight were Michael Rizzo, the former city manager whose salary was nearly $800,000, and several council members who were... More »

$1.6M City Hall Salaries Spark Poor LA Suburb Revolt

$800K city manager resigns after protest

(Newser) - California Attorney General Jerry Brown has ordered an investigation to determine how three city administrators managed to collect $1.6 million in salaries in the working-class Los Angeles suburb of Bell. Revelation of the salaries sparked a massive protest among residents earlier this week, and triggered the resignation of the... More »

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