In an open letter to Boeing CEO Jim McNerney, Ralph Nader said the company’s effort to squeeze worker pensions and pay is “unseemly.” He cited McNerney’s salary as one reason and the tax advantages the company is receiving as another.
Oracle Corp. president Safra Catz says it makes sense to bring jobs back to the United States.
McNerney’s pay rose 34 percent to $18.4 million. The big jump was in his incentive pay, which almost doubled to $8.7 million. His base pay was unchanged at $1.9 million.