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View Full Version : Bud Selig Made $14.5 Million in 2005



Jpup
04-03-2007, 02:54 PM
http://sports.espn.go.com/mlb/news/story?id=2824089




NEW YORK -- Baseball commissioner Bud Selig earned as much last year as some of the league's top players.

Selig received $14.5 million in the 12 months ending Oct. 31, according to Major League Baseball's tax return, which was obtained by the Sports Business Journal.

Bob DuPuy, baseball's chief operating officer, received $4,875,000, the publication reported in this week's issue. Pay for executive vice presidents included $1.92 million for Rob Manfred (labor relations), $1.3 million for John McHale Jr. (administration) and $1,245,000 for Jonathan Mariner (finance).

Sandy Alderson, who quit as executive vice president of baseball operations in 2005 to become chief executive officer of the San Diego Padres, made $875,000. Jimmie Lee Solomon, who replaced Alderson in June 2005, made $543,583.

The publication, citing unidentified sources, said Selig received a $6 million base salary, an equal amount in a bonus and the remainder in expenses and personal fees.

Baseball's central office paid $77.3 million in salaries and benefits to 231 employees, the report said. The NFL paid $41.5 million to 839 employees in 12 months ending March 31 last year and the NHL $13.9 million to 56 employees in the year ending June 30, 2005, when staff was reduced because of a lockout.

pedro
04-03-2007, 02:55 PM
Compared with some other corporate CEO's get paid in relation to the "employees" it really isn't that much.

westofyou
04-03-2007, 03:01 PM
Compared with some other corporate CEO's get paid in relation to the "employees" it really isn't that much.

I have stats on that.


Executive Company Total Compensation Salary Company net income / loss

Thomas J. Fitzpatrick CEOSLM Corp. $39,629,325 $682,500 $1.4 billion
Richard D. Fairbank Capital One. $31,604,431 $0 $1.8 billion
Martine A. Rothblatt United Therapeutics $31,104,933 $660,000 $65.0 million
Gary D. Forsee Sprint Nextel Corp. $29,980,973 $1,252,875 $1.8 billion
Nicholas D. Chabraja General Dynamics Corp. $17,683,972 $1,300,000 $1.5 billion
Len J. Lauer Sprint Nextel Corp. $16,360,481 $934,062 $1.8 billion

Red Leader
04-03-2007, 03:05 PM
So Capital One CEO Richard Fairbank has no salary, but made $31,604,431.00 in that year?

All in bonuses? Niiiice.

Redsland
04-03-2007, 04:32 PM
So Capital One CEO Richard Fairbank has no salary, but made $31,604,431.00 in that year?

All in bonuses? Niiiice.
Sure, unless you miss your bonus one month.

Then you have to really scrape to make ends meet.

:help:

Strikes Out Looking
04-03-2007, 04:42 PM
For what Bud's done to baseball, I consider this payment criminal.

Steve4192
04-03-2007, 05:56 PM
So Capital One CEO Richard Fairbank has no salary, but made $31,604,431.00 in that year?


What's in your wallet?

Red Leader
04-03-2007, 05:59 PM
What's in your wallet?

Absolutely freaking nothing. :laugh:

Man, I wish I had done better in school. :laugh:

Chip R
04-03-2007, 06:10 PM
Absolutely freaking nothing. :laugh:

Man, I wish I had done better in school. :laugh:


Or done better selling cars. ;)

Unassisted
04-03-2007, 07:24 PM
That's probably more than Bud was making as the Brewers' owner. As added benefits, "the company" pays his expenses to go to games and he doesn't have that "bummed out" feeling from watching his team lose most of the time. ;)

MrCinatit
04-03-2007, 07:49 PM
Sure, unless you miss your bonus one month.

Then you have to really scrape to make ends meet.

:help:

The contracts they work out with their respective boards of directors make it virtually impossible to not get those bonuses - those bonuses are essentially guaranteed salary.
When Home Depot lost in sales and stock, CEO Bob Nardelli found his bonuses upped to 30 million - when he stepped aside, he got 210 million.