Make Someone Happy
My good friend and ace promulgator of business wisdom, Jerry Wright of AAA Glass in Fort Worth, Texas (jingle: Triple-A-Glass Gets-There-Fast), is a very wise businessperson. He combines commonsense with an incredibly high dose of business acumen to produce mantras such as “Hire Slow, Fire Fast.” Think about it for a minute and you’ll see he’s right. A lot of problems would be avoided if we took more time to make the right hire and got rid of the wrong ones faster than most of us do.
Jerry’s “Ten Commandments of Keeping Your Job” is a classic. Jerry also says that he makes sure his employees understand that they want their boss to be happy—and they want their boss to be successful. He says (and I am paraphrasing here because he speaks a very eloquent dialect of Texan that I can’t quite capture) that everyone needs to understand that their best path to success is help make and keep a happy and successful boss. After all, if the boss is not successful, there is little chance his employees will be either, unless they find a new boss.
So it was with that in mind that I read the list of most highly compensated executives at public companies in today’s Wall Street Journal. As there aren’t too many large public glass companies, only one such was mentioned. But there were a number that do a fair amount of business in the glass and metal industry—and I thought I would share them here so you would know how happy their employees must be, because all these CEOs are extremely successful and, based on the numbers below, should be pretty happy too:
|Name||Company||Total Direct Compensation (millions)|
|George W. Buckley||3M Company||$20,379.2|
|Stephen A Roell||Johnson Controls||$14,723.7|
|John E. McGlade||Air Products||$11,449.2|
|Ellen J. Kullman||Du Pont||$11,013.8|
|Stephen F. Angel||Praxair||$ 9,844.0|
|Charles E. Bunch||PPG Industries||$ 9,779.5|
To me, the sad part of this list is that we don’t have more of our executives on it. More happy and successful bosses industry-wide would be a nice sign of a healthy, happy industry. Maybe next year.