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View Diary: Hostess CEO Received 300% Raise Before Bankruptcy (86 comments)

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  •  Not to nitpick, but the math is wrong (2+ / 0-)
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    eXtina, 6ZONite

    From $750,000 to $2,550,000 is not a 300 percent raise. It's a 240 percent raise. (That is, the difference between $2,550,000 and $750,000 equals 2.4 times $750,000.) Still abominable, but you know our opponents will seize on these details. At least, those who know how to do math themselves, or are acquainted with those who do.

    "The great lie of democracy, its essential paradox, is that democracy is the first to be sacrificed when its security is at risk. Every state is totalitarian at heart; there are no ends to the cruelty it will go to to protect itself." -- Ian McDonald

    by Geenius at Wrok on Sun Nov 18, 2012 at 05:07:21 AM PST

    •  So. (2+ / 0-)
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      Notreadytobenice, 6ZONite

      100k to 200k is a 100 percent raise. Easier to visualize.

      Thump! Bang. Whack-boing. It's dub!

      by dadadata on Sun Nov 18, 2012 at 05:19:29 AM PST

      [ Parent ]

    •  When I do the math (1+ / 0-)
      Recommended by:
      matx

      I get 340% raise.  (750,000 x 3 = 2,250,000 so has to be over 3x more).

      •  Incorrect. (0+ / 0-)

        The raise is the amount above the starting value. It doesn't include the starting value itself. Otherwise, if you had been making $50,000 and your salary was increased to $52,000, that would be a 104 percent raise. Obviously, it's not.

        "The great lie of democracy, its essential paradox, is that democracy is the first to be sacrificed when its security is at risk. Every state is totalitarian at heart; there are no ends to the cruelty it will go to to protect itself." -- Ian McDonald

        by Geenius at Wrok on Wed Nov 21, 2012 at 03:21:24 PM PST

        [ Parent ]

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