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Originally Posted by aceventura3
Pretty interesting. Some how I get the feeling that there is a view that a CEO or executive can not be worth the money they get paid. In sports, if you have a star performer it is easy to see how and why they can demand the highest compensation, but the same is true in business. There is also a risk. In some cases a corporation might pay too much for a person that under achieves. If this is the case, I suggest that we let the market punish the corporation for the mistake. It seems that Obama and many who support his empty gesture differ. So, "games" have to be come part of the culture. The bottom-line is performance is going to get rewarded and poor performance punished. Just let the system work.
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Makes sense to me. Also, it's not just CEOs who are making over $500k in these companies, either. Sometimes there are thousands of employees in large multinational companies making over $500k, so while what Obama is talking about might sound reasonable and responsible on the eve of a $800 billion economic stimulus package, it really has no basis in reality.