Let me make two quick points.
Colgate Executives Get $11,500 a Year for Pet Sitters and Other Perks
By Ellen Simon The Associated Press Published: Dec 7, 2004
NEW YORK (AP) - Colgate-Palmolive Co., which announced Tuesday it is eliminating 4,400 jobs, disclosed in a regulatory filing that many of its top executives and officers are given allowance of up to $11,500 a year to spend on anything from pet sitters to running shoes to karate lessons to movie rentals.
The plan, called "Above and Beyond," was detailed in the consumer product company's quarterly filing in November with the Securities and Exchange Commission. The program has been in place since 1986 and covers 800 executives. (link)
1. The shareholders of the company need to get rid of every member of its board that allowed this to be approved.
2. Those 800 executives who receive this perk should be ashamed of themselves.
Oh, and lastly, they should thank their lucky stars that none of them work for me because I guarantee you none of them would work for me.