Eye-Popping Executive Salaries
Yes, as is pointed out in this article, business executive pay has reached outrageous new levels... but, I am resolutely against government regulation of executive salaries. If it is against the interests of businesses to hire at such stratospheric levels, they will stop doing it.
Comments
Incomprehendable greed, that's all.
Or, companies could pass the saving on to the customers by lowering prices, increasing sales and thereby increasing profits again.
Both options would make us more competitive.
Bringing the CEO's income more in line with that of the line worker would also increase worker morale, thereby increasing productivitiy, thereby increasing competiviness.
Executive compensation needs to be addressed somehow.
I suspect the airline industry will take care of that.
They can afford their own jets now.
Indeed. But not for long.
If CEOs were paid less, more earnings could be pumped into R&D, which would return greater profits down the road. ...Or, companies could pass the saving on to the customers by lowering prices, increasing sales and thereby increasing profits again.
Both options would make us more competitive.
Bringing the CEO's income more in line with that of the line worker would also increase worker morale, thereby increasing productivitiy, thereby increasing competiviness.
I agree with this.
Maybe $50 million in IT upgrades for productivity, competitiveness of the company?
Maybe $10 million in better marketing to increase sales?
The CEO can still have his $50-100million per year. Just shave off a hundred mil' for IMPROVING THE COMPANY AND HENCE THE ECONOMY OF THE US.
Just rich idiots helping each other make more money while the average Joe makes 36,000 a year working for the fat guy.
Incomprehendable greed, that's all.
The "Average Joe" hasn't started a company that brings in millions of dollars a year. The more you put into making money, the more you will get out of it. (Well, not ALWAYS....)
If CEOs were paid less, more earnings could be pumped into R&D, which would return greater profits down the road.
Or, companies could pass the saving on to the customers by lowering prices, increasing sales and thereby increasing profits again.
Both options would make us more competitive.
Bringing the CEO's income more in line with that of the line worker would also increase worker morale, thereby increasing productivitiy, thereby increasing competiviness.
Exactly!!!! finally someone with common sense!
If CEOs were paid less, more earnings could be pumped into R&D, which would return greater profits down the road.
Or, companies could pass the saving on to the customers by lowering prices, increasing sales and thereby increasing profits again.
Both options would make us more competitive.
Bringing the CEO's income more in line with that of the line worker would also increase worker morale, thereby increasing productivitiy, thereby increasing competiviness.
True. If I ran a company I would do all of these things. But hey, it's their company to ruin if they choose to.
Just rich idiots helping each other make more money while the average Joe makes 36,000 a year working for the fat guy.
Incomprehendable greed, that's all.
nah, that average joe didn't bother to get some education that put him into the bracket that your 'rich idiot' worked hard to get into. Just pure poor man's jealousy.
yeah, a lot of them started with the proverbial silver spoon in the culo, but not all of them. If you want, you get, if you don't try, you don't have. simple. most people just don't have what it takes, nothing wrong with that....which gives you: average joe.
I completely disagree. it takes literally nothing that you cannot learn to succeed. people with it don't like others getting it, so they make it harder for them to do so and suggest that they are somehow superior...
Having worked closely with and known some very rich characters, I disagree with this strongly. I'm not very wealthy, never played golf, didn't go to college, and yet I still manage to do alright. I'm sure this is the case for most people on these forums. As a matter of fact, I'd say most of the people posting here are far more articulate and able to form a cogent argument than I am, but I wonder if they put all of these skills toward their success? I hope so.
How much reward constitutes "enough", or "too much", or "too little" (dare I ask?)? I am vehemently against government regulation and intrusion into peoples' private affairs... but this Thomas Paine quote puts it in a nutshell: "Society is produced by our wants, and governments by our wickedness." In the case of insane executive rewards, when society fails to exercise self-discipline and the top individuals within it fail to exercise "reasonable self restraint", where bloated excess, greed, grossness, opulence and the resulting astronomical wealth does not reflect those individuals' worth to civilization, then that is the (unfortunate) time where responsible government ends up having to step in, for the sake of everyone.
How much higher can executive salaries get, before regular people start getting pissed enough to do something about it? There may be also a fear factor, a cold war relic at play here preventing this, (especially here in the US): Are we too afraid of being called "communists" or similar, because suddenly we recommend that the top people are limited to getting paid only 5,000 times the rate of regular workers, for example, as opposed to 10,000 times, or 20,000, or 100,000 times or unlimited?
The top exec. salary thing is also a game they play ... a celebrity competition amongst the elite to see who leads the table of excess. Not only that, but these people can afford to hire teams of skilled accountants and lawyers to set up complex trusts and overseas accounts etc. etc. in order to "legally" avoid paying taxes.
If these top salaried folks cant keep their own houses in order, re pay, and the situation gets so crazily out of kelter and lopsided that government is forced to finally step in, then that is the fault, not of government, but the narrowminded greed, lack of vision, and the "out-of-touch-with-reality" of these pigs. It's a bit of a parallel with the effects of terrorism, where the (evil) actions of a tiny minority screw things up for all... or in microcosm, where a bad kid misbehaves and doesn't own up, and the entire class often ends up beiung punished. At some point, I believe, enough is enough.
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Whatever. Call me a commie... it would be a nice change from 'conspiracy theorist'.
Carry on.