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Originally Posted by Cynthetiq
As an indirect investor via 401k and IRAs, I want the CEO to create wealth for the corporation. In order to attract a CEO who can do such things, one must compensate in order to attract the talent.
As a direct shareholder of stock, I demand that the Board of Directors be competent in selecting and approving CEOs and their compensation package. There are some like Steve Jobs who get little to no salary, just stockholder options and the benefits of those options.
Average citizens cannot demand it of private or public corporations, but shareholders and investors can. They have and continue to do so. Pan, if you don't know or understand this, you are out of touch with how the system works.
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Guess you didn't read my post did you.... or just read what you wanted to.
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the truth is that shareholders need to put pressure on the executives to cut their multimillion dollar salaries, expense accounts and other perk and PAY the workers more for those companies still having US workers.
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Anyone who has any investment in 401ks, IRAs, or just the market is a stock holder of the companies in those funds.
See there was a time in this country when the CEO lived and died by what his company was able to produce. If Goodyear had a strong year the Seiberling family made money, if Hoover had a bad year the Hoover family didn't make as much that year, and so on.
But today..... we pay these guys millions, they come in run a company into the gutter and get bonuses.
There are a few good ones maybe like Jobs, Ford's CEO who took a cut in pay, and a couple others but anymore.... it's not about the company it's about how much they can make and what's in their severance package.
You want to pay someone 500 times the company's average worker, then he better fucking produce 500 times what they do.
Another argument above was
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pan, there isn't enough money in CEO salaries as an aggregate group to make a noticeable difference in workers' lives. If a company has 50,000 employees and the CEO makes $20million, you could take his whole salary away and divide it up -- and each employee will get $400. (Most CEOs of public companies make a lot less than that.)
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Well, the average CEO makes more than that with perks and such, it's not just salary.... believe I even said that.
Secondly, there aren't many companies that have 50,000 employees in the US.
If you take my example CEO of Company X making 10 mill a year, that includes perks and cut it in 1/2 then give the 1000 workers an equal share, you increased their pay 5000 dollars a year. May not seem like much more but an extra 100 dollars a pay, I'm sure can really help a lot more of those workers than that money helped that CEO.
And if you take other executives pay and do the same, those workers will see even more.
If you read what I wrote, you'd also see that in paying the workers more, making the CEOs, boards and upper management more responsible for company growth, you'd see that I said as sales increased so naturally would their salaries.
I'm sorry, as a stockholder I want to see a CEO maintain a strong company that workers are treated fairly, the company maintains a strong community bond, the company maintains a strong positive image on it's products and if it shows a loss the CEO and upper management show losses in their bank accounts.
If a CEO can't accept that challenge then, perhaps you have the wrong man/woman in the job.
How much money is enough? When does one realize they have too much? When you see your country failing and people losing homes, jobs, pride and their dreams.... how much buys you a true good night's sleep?
In the end, it's never been the rich that have started revolutions, spoken out or fought for equality..... it has been the poor who have been taken advantage of, who have gotten to a point where they see nothing to lose and everything to gain in changing the system, either peacefully or in most cases very violently.
We will soon come to that point. And again I ask, what are you doing now to try to make changes so it won't happen.
People right now are looking for a savior president to pull us out of all this shit. When he can't or won't and more people lose their houses, jobs, dreams and pride..... we will see the people rise up in masses demanding change and that hope and pride and their dreams given back.
YOU as a stock holder have the chance now to speak out and demand CEO, Board, Upper Management accountability to the stockholders and the workers NOW. You as a citizen, as a member of society and as gatekeepers to the future generations of this country have an obligation to speak out NOW.
Here's some links to read.....
CEOs Are Overpaid
Bill Moyers Journal . Watch & Listen | PBS
2008 Executive PayWatch