The economy was just climbing out of the grave in 2011 and its vital signs remained precarious.
Yet, as the Public Relations Sociey's 990 IRS tax return for 2011 reports - data provided here - the compensation for some BigWigs was boosted. During 2011, its revenue was essentially flat. There was only an increase of about $100,000 in revenues of $10.7 million versus $10.6 million a year ago. Operating profits were $157,202 versus the $155, 541 in 2010.
In a not especially good year, Vice President of Public Relations at PRS Arthur Vann received about a 25% increase in pay to $163,271, with his total package at $186,485. The Chief Operating Officer Bill Murray received a bump upward of $4,782 to a total of $382,013. PRS members might request an annotated list of their accomplishments in 2011.
Meanwhile, many others at PRS got a bump downward in salary and benefits. The data show that staff compensation was cut 8% to $5,083,323 in 2011. In 2010 it was at $5,529,699.
The question is: Why did some of the brass receive raises in a flat year while the rank and file received less than they did the previous year. During bad times at Chrysler, everyone, ranging from the janitor at the auto plant to the executives at headquarters such as Steve Miller, embraced what was called "the equality of sacrifice." Raises were put on hold. Workers did more with less. There was no guarantee that when they showed up at the plant or office for their shift that there would still be a job. In that spirit, the company was turned around, saving hundreds of thousands of American jobs.
I am not a member of the PRS. I do not intend to become a member until there is more of a public explanation of compensation policies and procedures. The dues has been raised $30 to $255.
This blog thanks Odwyerpr.com for providing the tax information.
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