All of the facts, please

May 4, 2016 1 min read

To the editor:

I watched the assistant city manger compare apples to a raisin in his comparison of LCEC’s CEO salary to the salaries of other CEOs. For-profit companies limit CEO salaries for tax purposes and compensate them in other ways. He should have compared CEOs’ total compensation, instead of salaries.

LCEC’s CEO total compensation was $587,529. (From 2014 form 990)

FPL’s CEO total compensation was $14,683,608. Of which $4,525,000 was cash. (2015)

If the assistant city manager just wants to present the facts, he should present all of the facts.

I would like him to redo his presentation comparing total CEO compensation, or at least the total cash compensation, as these are all “controllable cost,” as he has put it.

I would even suggest that he compute the aggregate costs for the top executives of FPL as compared to LCEC.

For more information on compensation, see the chart at www1.salary.com/NEXTERA-ENERGY-INC-Executive-Salaries.html .

R. Burgess

Citizen of Cape Coral