Gov. Ed Rendell blew into Western Pennsylvania last week, presumably doing well in excess of the speed limit again, to award a package of state tax credits and grants to Dick’s Sporting Goods Inc. totalling $634,000 ( Business Briefing, May 15 ).
This only a week after a story in the Trib business section trumpeted how the CEO of Dick’s (Edward W. Stack) pulled down the largest CEO compensation package last year in Western Pennsylvania — $13.7 million ( “Executives exercise options,” May 9 ).
Taxpayers should be privileged to have a hand in helping this CEO and Dick’s along. If they hadn’t, Dick might have taken his ball (how terribly sports-oriented the metaphor) and gone elsewhere.
I suggest we look at how many Dick’s employees may not be making a living wage, the differential between what workers in the company earn and what the CEO is paid, or how the state and city tax structures are teetering for lack of any corporate payments because corporations should — whatâ¢ — not have to pay anything at allâ¢
And in his pithy remarks to gathered employees, Ed patted so many of us on the head as he remarked how Dick’s chose to expand here because of the “quality of the work force, the work ethic.”
The Rev. Dennis J. Hoffman