Executive Compensation at Publix Super Markets

Writing in the Orlando Sentinel, Beth Kassab examines why Publix Super Markets, the nation's largest ESOP company, pays its CEO Ed Crenshaw less than CEOs at other companies. She notes, "Publix wears its low pay packages like a badge of honor" and cites a recent statement from its board of directors, stating that it is company policy that "compensation should be set at responsible levels for all employees ... and be consistent with the company's constant focus on controlling costs in its low margin business."