Monday, February 22, 2010

Aluminum Industry Jobs

Recycled Aluminum Dragon Photo from austinvan's photostream

In 2009, the Pittsburgh aluminum producer Alcoa eliminated thousands of jobs and curbed production as the recession dried up demand.

The Houston Chronicle
reports that the Alcoa CEO (Klaus Kleinfield) earned $11.2 million in his first full year as CEO, according to preliminary figures released in a regulatory filing. His Performance Bonus doubled to $3.8 million as he cut costs to counter the effect of a deteriorating business environment.

I wonder how many lost jobs are represented by his Bonus, never mind his salary?

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