BREAKING: Danish CEOs on Verge of Collapse

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


This comes from Politiken, but it sure sounds familiar, doesn’t it?

Since 2008 when the crisis hit, outlays for directors [i.e., CEOs] at the 16 largest Danish companies have increased by 23 percent….This compared to general labour market wage rises of just over nine per cent in the same period.

….Carlsberg Chairman Povl Krogsgaard-Larsen defends the fact that his two directors shared DKK 39 million last year — 30 percent more than in 2008.  “If we are to ensure the most motivated and talented executives, who are willing to work 25 hours per day and risk their health, we should be able to offer salaries close to those paid abroad,” Krogsgaard-Larsen says.

Actually, I take that back. Even in America, I don’t think anyone would quite have the balls to claim that their executives deserved outsize pay packages because they were “risking their health” by working so hard. In the BS department, apparently Wall Street has met its match.

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate