After reading about Wal-Mart's rapid response to Katrina, Radley Balko asks:
H. Lee Scott for director of FEMA?To take this seriously, I doubt that FEMA is legally permitted to entice Mr. Scott away from Wal-Mart with anything near his current ~$12.6M compensation package (including stock options). With $42M in Wal-Mart stock, he certainly wouldn't be doing it for the money.
Instead, FEMA is managed by MIchael Brown, who, as a level III executve will earn $149,000 in 2005.
Wal-Mart's CEO earns about 85 times the amount of FEMA's Under Secretary. Is FEMA getting the management that it is paying for?
Posted by Kevin on September, 7 2005 at 09:37 AM
