Quote:
|
Originally Posted by Ustwo
If corporations could get way with paying the CEO what they pay the janitor, they would in a heart beat.
|
Maybe but I doubt it. CEO's often sit on the very boards that decide their pay and benefit packages. They pay themselves as much as they think the shareholders will swallow. I see it kind of like congress deciding in a middle of the night session they need a pay raise.
As for the pro-athlete analogy- If the team loses every game the athlete is toss out with the coach. Granted sometimes with some pay but nothing like the CEO's going rate. When a company loses money quarter after quarter the CEO is shown the door. All too often behind that door is a big fat pile of cash.
Paying someone for failing to preform doesn't seem very American to me. Hey ya failed miserably, but hey you tried real hard. Here's 75 million to make you feel better. Have a nice life. Crap ontop of crap.
BTW- I owned and operated a profitable small business for nearly 15 years. Never lost money, not even the first year. My brother currently owns a restaurant. Not sure about him but my pay was, on average, about 12 times what I paid people. I understand taking all the risk, having all the investment.
What I don't get is 500X pay. Sorry unless you're making every shareholder a ton of cash it's bullshit. It's even more bullshit if you're actions actually lose money. It's bullshit on top of bullshit if you're losing the shareholder's money and laying people off right and left.