Do CEO's deserve their huge Paychecks?

[ZZman]

Originally Posted By: spasm3
I don't care what he makes, or makes in relation to me. If the company is willing to pay him and finds him worth it , then go for it. There is some notion that people are poor because others are wealthy , a lot of middle eastern terrorists think this way.


So you admit what you do is not worth nearly as much as him? Sad.

I disagree, at least in what I do for society.

 

[ZZman]

Originally Posted By: Pablo
It cracks me up that people get angry about others paychecks. It boggles my mind that they think the government will solve the issue. Yeah - the government knows money

That would be outrageuos paychecks.....unjustified paychecks.

If they can not police/control themselves, who can?

 

[Pablo]

Why do they need to be "policed"?

So the solution is everyone should be paid according to what some czar or what some committee thinks?

Some of you should probably study history.

 

[OVERKILL]

If companies that were run in this manner were allowed to fail instead of being propped up by billions in tax dollars... just to repeat the cycle, then perhaps we'd see a reduction in the rewards for stupidity. I see no reason that a CEO that does his job and pilots a company to profitability (see: Alan Mulally) should not be rewarded whatever financial compensation the boards sees suitable. Who am I to dictate what he gets paid?

But for companies that get run into the ground, only to be bailed out, and these people are STILL being paid millions of dollars? That is absurd.

 

[spasm3]

Originally Posted By: ZZman
Originally Posted By: spasm3
I don't care what he makes, or makes in relation to me. If the company is willing to pay him and finds him worth it , then go for it. There is some notion that people are poor because others are wealthy , a lot of middle eastern terrorists think this way.


So you admit what you do is not worth nearly as much as him? Sad.

I disagree, at least in what I do for society.


I have no idea, not for me to judge, I give an honest days work for an honest days pay. When I accepted my job I agree to provide my skills for the offered rate of pay, I don't care what others make. If someone is paid more that i for the same job, its no concern of mine. I make an agreement, I was happy with the pay offered. What someone else makes ( other than those on the public tax dollar) is none of my business.

 

[ZZman]

Originally Posted By: Pablo
Why do they need to be "policed"?

So the solution is everyone should be paid according to what some czar or what some committee thinks?

Some of you should probably study history.


I thought that is what a Board of Director's should do. I guess they are slacking or corrupt.

Do boards just pull these numbers out of thin air?

You don't think hundreds of people would apply for CEO jobs at 1/20th of that pay?

So how do you police/control the corrupt/misguided boards?

See how we have been brainwashed into thinking greed is acceptable?

 

[TurboLuver]

Originally Posted By: OVERK1LL


But for companies that get run into the ground, only to be bailed out, and these people are STILL being paid millions of dollars? That is absurd.

I fully agree..but sadly I can think of a few people on here that will certainly disagree and see nothing wrong with it.

 

[Pablo]

Originally Posted By: ZZman
Originally Posted By: Pablo
Why do they need to be "policed"?

So the solution is everyone should be paid according to what some czar or what some committee thinks?

Some of you should probably study history.


I thought that is what a Board of Director's should do. I guess they are slacking or corrupt.

So how do you police/control the corrupt/misguided boards?

See how we have been brainwashed into thinking greed is acceptable?


Why does it matter to you what Board of a company does? Do you own shares? If they are slacking - so? Breaking laws, yes they should be in trouble.

Please explain the notion of the public controlling a Board of Directors. How will that work?

What does this have to do with greed? Because they make money? Is Derek Jeter greedy? Is Oprah Winfrey greedy?

You guys really don't know what you are asking for, do you?

 

[ZZman]

Originally Posted By: Pablo


Why does it matter to you what Board of a company does? Do you own shares? If they are slacking - so? Breaking laws, yes they should be in trouble.

Please explain the notion of the public controlling a Board of Directors. How will that work?

What does this have to do with greed? Because they make money? Is Derek Jeter greedy? Is Oprah Winfrey greedy?

You guys really don't know what you are asking for, do you?


I may own stock. I may buy their goods.

The point is how do these boards come up with these outrageous comp packages? What are they thinking? Most Americans don't even get a raise or are losing pay and the CEO's can get 20% + increases in a year? raises of 100's of thousands if not millions of dollars. And this can be because they put 100's if not thousands out of work.

And yes i would consider many of the "stars" of today greedy. They always want more and more.

What are you worth Pablo? Where is your million dollar comp package? Maybe you can find a board to offer one to you.

 

[Diesel_Clatter]

I believe every person complaining here, if offered the CEO's salary, would suddenly come to the conclusion that the pay is justified.

 

[andyd]

prolly not, and just because something is "legal" doesnt mean it is necessarily right or moral. Some old Greek guy said" laws are just ways to subvert justice." Seems to me that Honor and ethics are no longer being taught in MBA programs. Just sayin' is all.

 

[ZZman]

Amen brother!

 

[Pablo]

Good questions.

But please, oh please don't expect or want the government to DO SOMETHING! Government control affects all of us in nasty, nasty ways. It will impact the good companies and but them down with the poor companies.

I agree SOME people are overpaid. I certainly would not own stock in a company who overpays for lousy performance. I just wouldn't and if I did want to for some reason, I would be speaking up. So yes, speak up.

I REALLY think some union workers are WAY overpaid for what they do.

 

[ZZman]

If you put millionaires on the board of directors I guess you can figure out where the comp packages come from.

If you took a cross section of America and asked them what would be a reasonable comp package do you think they would come anywhere some of these?

 

[Pablo]

Originally Posted By: ZZman


What are you worth Pablo? Where is your million dollar comp package? Maybe you can find a board to offer one to you.


I tell you something. I KNOW for a fact I could run some companies better than some of these people. But I don't have the looks........

 

[ZZman]

There are workers in all lines of work that could be considered overpaid. And many that are underpaid too.

But the average worker being overpaid is nothing like a CEO being overpaid.

You know what I mean.

Some might say a GM worker getting $ 27.00 an hour is overpaid. Ok so that is making 56,160 a yr. Lets drop them down to 18.00 hour, now they make 37,440. We saved 18,000 dollars. Hmmmm compared to the millions a year a CEO makes. Even if the CEO's took a 50% pay cut they would be making incredible money.

 

[ZZman]

Originally Posted By: Pablo
Originally Posted By: ZZman


What are you worth Pablo? Where is your million dollar comp package? Maybe you can find a board to offer one to you.


I tell you something. I KNOW for a fact I could run some companies better than some of these people. But I don't have the looks........

Exactly Pablo....the priviledged few get the perks....That ain't us......

 

[ZZman]

I think I was much happier when I didn't read the news!

Maybe it is good for the masses to remain uneducated.

 

[Steve S]

It all comes down to the dumb consumers.

 

[Spazdog]

Typically, no. They don't. The same can be said of many executive level employees.

The first rule of business for many is to protect the executives. They often do this by hacking out the part of the company that is bringing the money in.

They repeat their mantra, "The only controllable overhead is payroll. The only controllable overhead is payroll. The only controllable overhead is payroll....."

But they've often just compounded the problem. Now they have less people to produce and/or sell their goods and services. So there is going to be less money coming in to pay the exhorbitant executive salaries. See it all the time with a certain airline.

They often aren't doing anything but assessing blame anyway. Solutions often come from lower levels. But before we can problem solve, "blame has to be assessed".