Maytag CEO makes 31 times wage of factory worker

Maytag CEO makes 31 times wage of factory worker
Date March 25, 2004
Section(s) Opinion

To the Editor:

I find it ironic that the Maytag Company officials have taken the stand that the hourly employees are making too much money. It was revealed yesterday that Maytag CEO Ralph Hake received a 6.25 percent yearly raise. His salary now stands at $1.15 million a year.

How can they say that we are costing this company too much money when one man makes 31 times what the average employee makes? That doesn’t include stocks and options. How much is truly enough?

The Newton facility is the most productive in the corporation. Generations of Iowans have given their best years to this company. The entire corporation was purchased on the backs of the Newton employees! Those of us in Newton have done our share to make this a profitable company.

Compare us to the sports world. If a team doesn’t do well they don’t get rid of the team, they fire the coach. Maybe it is time that we adopt that approach!

Chris Schoh

Newton

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