Kraft Execs Raked in Big Bonuses

CHICAGO (Reuters) - Bonuses totaling more than $10 million were paid out to five Kraft Foods Inc. (NYSE:KFT - news) executives at the end of 2003, even as the giant food maker made plans to lay off thousands of workers.


In its annual proxy statement released on Friday, Kraft said the biggest payout, a $3.7-million bonus, was made to Chief Executive Roger Deromedi.


Former co-CEO Betsy Holden got $3.5 million, sweetening her demotion to global marketing chief in December.


Other payments were $1.3 million for North American President David Johnson, $900,000 for international boss Hugh Roberts and $1.2 million for global supply chain Executive Vice President Franz-Josef Vogelsang.

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http://story.news.yahoo.com/news?tmpl=story&u=/nm/20040306/bs_nm/food_kraft_bonuses_dc_1
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Typical.

That is why Fox is kissing CHIMPANZEE McSHRUB'S ass.

Fox needs to keep exporting his workers to the US where they will work for $5.35 an hour for Kraft.

If they stay in Mex, they will demand things like electricity and a doctor ----something Fox can not give them.

http://www.ethicsdaily.com/article_detail.cfm?AID=3109

Take for example William R. Johnson, CEO of Heinz. At the close of the fiscal year ending in April 2003, he received a pay package valued at $8.8 million, a 47 percent raise over $6 million he earned the previous year, even though the performance of Heinz stock fell by about 20 percent during the fiscal year. Johnson’s compensation grew $2.8 million, while employees’ wages and stockholders’ profits suffered.

nt

every available penny in the US and pitching us into unresolvable poverty. Foolish Republicans still believe in the trickle-down nonsense? I'm too old to enlist in the military for food and board, but many of you aren't.

-e" A regulated democracy would save us from this corporatisem

I noted a few weeks ago when I was in the health food store that someone has scrawled across a box of Kraft macaroni and cheese the words "GMO - BOYCOTT!". I laughed because I already knew about their foods being genetically modified.

Kraft American singles are also GM'd even though they are supposedly "cheese". When you look at the ingredients, you know it is not "cheese". It is chemical laced garbage!

Who cares to eat this crap? No wonder so many are sick as these corporate pigs get fatter by the second.

Boycott Kraft indeed. I've already been doing it, but now I have another reason for it.

:dem: :kick:

We should already be boycotting them anyway.

If so, how much?

I never buy Post cereals as thye tend to have mega preservatives in them. Sometimes I have to get the Maxwell House coffee if my certified free trade coffee isn't in stock, and I still buy a little bit of American cheese. Most of rest of what they sell is packaged chemicals with little nutritional value. Their boxed mac and cheese is a big no-no in our house as homemade is the only way to go.

Shame on them, paying themselves bonuses for laying people off.