The Zinquisition: More on Ted Hall's bonus after Mondavi buyout

The Zinquisition

Various ruminations and observations regarding the bizarre and otherwise incomprehensible happenings in the wine industry.

SAINT VINI'S CREDO I believe that wine is a beverage that should be enjoyed frequently, alone or with meals. I believe that wine, since it is made from a fruit, should produce a liquid reminiscent of that fruit, not cedar, moss, pipe tobacco, barnyards, manure, pencil lead, or band aids. As such, I believe that good wine can come from any country, but it must be labeled in such a way that the consumer doesn't need an atlas and a wine encyclopedia to figure out what's in the bottle. I believe that the United States should not trail the civilized world in wine consumption per capita and that neo-prohibitionists, wine snobs, and liquor distributors are all joined in a trilateral commission to hinder wine consumption. I believe that wine needs to lose its elitist image by embracing alternative packaging, alternative closures, non-vintage wines, stronger branding, and lower retail prices. I believe in long, slow, deep, soft, wet kisses that last........uh....sorry, I got carried away.

Tuesday, December 07, 2004

More on Ted Hall's bonus after Mondavi buyout

Good article by Jerry Hirsch in the L.A. Times (registration required):

"A nonexecutive chairman almost never gets a bonus of any size, let alone one that runs into the millions, said Paul Hodgson, senior researcher at the Corporate Library, a Portland, Maine-based corporate governance research firm.

Typically, Hodgson said, nonexecutive chairmen of Fortune 500 companies earn $250,000 annually and rarely are awarded bonuses.

With $468 million in annual sales, Mondavi is one-seventh the size of Newmont Mining Corp., the smallest company on the Fortune 500 list. (Newmont doesn't have a nonexecutive chairman.)"

The Zinquisition

Tuesday, December 07, 2004

More on Ted Hall's bonus after Mondavi buyout

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