look at the s&p 500 in comparison. the current ceo really talking about this streamlining plan. you mentioned the dividend. the idea is to get some cash in the coffers of g.e. as they go through a kind of tough year. he even said this is a heavy lift but we know where we are going. we he is depending on investors being patient. investors not so much known for that. we will see what happens. the ceo also making other changes. you mentioned the dividends. he s changing the way executives get paid so it s really they are putting their money where their mouths are. paid for performance. up from 50%. he himself 100% equity pay. he is changing and streamlining a lot of the businesses. they are going to focus on the big three. for him, health care, part of the reason why has this current ceo job.
i think it is both. if you think about it, for example, some kind of equity pay would allow these women and many of them are struggling, head of households, to be able to make smart kitchen table economics. we know what the gdp increase would be if there were more parody for equal pay. what that translates into, communities around the country is more peace at dinners, more money infused into restaurants, into school supplies, for example. into stores. that s what s truly missing right now. that kind of a tone-deaf approach saying that this is a bizarre obsession, it is not a bizarre obsession if you think about the women across the country at their kitchen tables trying to figure it out. we ve got some numbers on the impact that it would have. the shriver report of said that if women earn equal pay to men, the u.s. economy would produce an additional $447.6 billion in income. sure sounds like a good thing to
from the private sector. you don t get that money from the public. whatever you earn, you earn because the company itself has done very well. brian: $9,000 for gracing a three-member surplus property authority. i don t want her near any surpluses. brian: that s true. $24,000 annual performance bonus and $24,000 in equity pay. here s the problem. we can t afford it. these counties can t afford it. states can t afford it. what are we going to do? break the contract? this is so new in the offing. this is a county that s run deficits for a long time. i spent a lot of time last night googling all the different stories from hospital deficits to budget deficits, the median income, household income, $56,000. you want to talk about something that s egregious, oakland was one of those hotbed areas during the occupy movement. yet the beef was always with the private sector. really people should be up in arms about the public,
july. brian: we ll have kanye tell her. i think he knows her better. one california official just hit the jackpot. alameda county administrator maranisha didn t win the lottery. she just works for the government. gretchen: in addition to base pay, she gets $24,000 in equity pay, a $24,000 annual performance bonus, $9,000 a year for serving on a three-member board, $54,000 a year in longevity pay and $8,000 car allowance every year. the best part, she ll continue to get all of that after she retires, which is the story here. it is all true bringing new meaning to public service. not mentioning the fact that she only gets $300,000 to retire with $425,000. how about this, guys? $54,000 longevity pay because she had to endure having a job for all those