Reader question: Please explain “big paydays” in this headline: “Five CEOs getting big paydays while avoiding corporate tax”. My comments: CEOs (Chief Executive Officers) are bosses of business firms and companies. They are paid a lot of money but do not pay any corporate tax, which is not right. Not paying taxes, that is. That is not right. Well, the fact that some bosses are paid exorbitantly high salaries – hundreds of times more than the average employee – is not right, either. However, neither subject is a talking point for today. Right now, we’ll address “big payday” alone. Payday, you see, is pay day literally the day a worker receives his or her pay. In the west, this mostly happens weekly while in our country we get our pay on a monthly basis. Whatever the interval, whenever it happens, the payday is always a time for celebration – in some cases, male workers are so happy that they go straight to a pub and drink all their week’s wages away, hence returning home to find themselves and family in greater trouble. At least that’s something that used to happen to some folks somewhere in Europe in the old days, when life was hard and when workers weren’t getting big paydays at all. So, what’s “big payday”? Well, that literally means a large paycheck. In other words, if the payday is big, or large in size, it’s a big payday. |