In April, the sudden death of Lee Delaney, the CEO of BJ¡¯s Warehouse Club, set into motion a chain of executive moves in which former Controller Laura Felice replaced CFO Bob Eddy, who took over as CEO.
With all due respect to the difficulties and grief involved, I couldn¡¯t help noticing the salaries being offered to the newly named executives. The new CEO received the same $1.2 million that Delaney had earned, but Felice¡¯s salary was set at $600,000, nearly $200,000 less than what Eddy had been making.
I¡¯m usually the last person to argue for higher pay for top executives. For nearly two decades now, I¡¯ve mined corporate filings to find examples of crazy pay and perks. But it¡¯s hard for me to ignore a situation where a woman is being paid so much less to do the same job.
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