On the recordNovember 13, 1997
Last week Levi Strauss laid off 6,400 workers, mostly women, most of them making between $5.50 and $7.50 an hour. But last year, according to the San Francisco Chronicle, Levi Strauss gave its No. 2 executive, Thomas Tusher, $105.8 million in stock options. Then it threw in another $21.5 million as a bonus to offset taxes. Mr. Speaker, 6,400 people lose their job, one executive gets $127 million. My colleagues have heard of golden parachutes? Well, this, Mr. Speaker, is a platinum parachute, and meanwhile 6,400 people are looking for work. This has got to stop.
Source
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