Inside the paper, it spelled out the details of life on the right side of the tracks. Pepsico's chief executive may exercise his stock options over eight to 10 years starting in July. This by no means is the maximum that executives are getting paid these days. It is fitting that this juxtaposition of stories about very wealthy people and very poor people should come now, for this is income tax time. At least it is tax time for wealthy people.
Salaried people have their taxes deducted every paycheck.
It will come about because the people getting paid most are being paid for making their companies more profitable by firing large chunks of their own work force. Not content with having laid off 3,700 people in 1994, Mr. Weill oversaw the canning of almost another 1,000 people last year. This is the stuff that must breed social turmoil. Rep. Martin Olav Sabo, D-Minn., has a bill pending in Congress that begins to address this explosive issue. His bill would not limit the amount any corporation may pay its chief executive.