Wednesday, March 23, 2005

REI, the Worker's Friend

Wow, REI guys make sweet bank...seeing as most of us are members of the COOP, I thought y'all might appreciate this info:

"Acquiring this (executive salaries)information from REI itself is not easy. You find it by going to the "About REI" page (www.rei.com/aboutrei), then by clicking on "financial information" in the left menu, which takes you to a PDF document, at the end of which is a link to the 2003 consolidated financial statements, which, when clicked, takes you to a page about how often reports are compiled, with a link at the end of the text to an "overview," which takes you to a page where Chairman of the Board Bill Britt explains the co-op's philosophy about compensation, and at the end of that text there's a link to "details on REI's executive compensation," which takes you to a page of more explanation of how compensation is determined, and near the bottom of that page, there's a link to a Summary Compensation Table, which leads you to a PDF document detailing the past three years of compensation for the co-op's top executives."

Read the whole article here: Big Bucks

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