No ****! Where the hell do these Bolsheviks get such retarded ideas?
But the entire structure of industry should be changed, not just concentrating on a few fat cats.
BTW - not every CEO makes 50x that of the average employee... This study seeks to compare the 2 biggest extremes and leave out the fact that they represent an anomaly in terms of Canadian (or American) society
Many corporations do base employee raises on company profitability, I know the company I work for does.
They get the notion from leftie politicians that publicize that they are 'entitled to their entitlements'
How? The growing gap is a concern, but there's no simple choice of fixes here.
Guys making $millions per year shouldn't expect to have things "simple".
The choices include having the balls to be leaders and having the balls to set an example and the balls to slash their personal greed!
So, you want the decision to change industry to be up to folks with $million salaries? Why would they want to change it?
Simple as that eh?
Maybe just out of a sense of integrity and fair play.
Who do you think should change it?
I'm the young one of the two of us, but you're the pie in the sky idealist! lol
If everyone had a choice, I'm sure they would choose higher wages/salaries for themselves.
I don't know, like I said there's no simple choice here.
How about the board of directors. elected by the shareholders? just askin'
As a lowly indentured servant iam happy to see my masters do so well... It warms my heart to see that someone is living well off of my heard work....
Of course normal people want to earn a comfortable living, but I think the wise ones with integrity also like to improve things for their fellow man and leave the world a little better place than they found it.
Kumbayah. A CEO makes decisions normal people never have to make. Lay off 2000 people and hire 1000 in lower cost countries. Lay-off 5000 people and sell off entire divisions.
It's naive to think that we ought to look to a business leader who answers to shareholders to fix something that in the larger picture doesn't even effect the profitability of the company. That's why companies exist, to make money. The driver is growth.
Until a time when the driver is not growth, nothing much will change short of legislating it.
Why not?
Even someone with a piano tied to their *** can reach for better education, experience and pay.
True.
But also keep in mind that life satisfaction peaks at around $75,000.00.
How much do the bottom 99% of CEOs make?
First off, if someone wants to pay a person an exorbitant salary, why should the recipient decline it?
About the Canadian Centre for Policy Alternatives
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The Canadian Centre for Policy Alternatives is an independent, non-partisan research institute concerned with issues of social, economic and environmental justice. Founded in 1980, the CCPA is one of Canada’s leading progressive voices in public policy debates.
We have a National Office in Ottawa, and provincial offices in British Columbia, Saskatchewan, Manitoba, Ontario, and Nova Scotia.
Original, hard-hitting research
We work with top-notch researchers to shed light on the key issues facing Canada. Whether it’s the push to privatize our health care system, the growing gap...
Because one of his first duties is to protect the company which may necessitate paring his own salary to a sane level first!
Known locally as the NDP propaganda machine.
How about the board of directors. elected by the shareholders? just askin'
What makes a high salary insane?
.
What makes a high salary insane?
Beyond NDP Bolsheviks. NDP doesn't come close to being this level of Bolsheviks.
For the most part, however, the people deciding to pay the CEOs exorbitant salaries are the CEOs and board members picked by them. It's not like it's a group of disinterested people who decide what to pay.
Who are the main shareholders of most large corporations? Mutual funds and pension plans. Do you think the 'average joe' shareholder has any actual input on who gets elected to the boards? Have you paid any attention to the boards of any companies that you own stock in? I have.
The CEO does not choose the BOD. It is also the BOD that will approve the salaries of the senior exec.
Lastly, where the CEO's really make their money is on the option package that is negotiated. If the CEO doesn't achieve the benchmarks that they should, the options are worthless.
Mutual Funds and pension funds have an even greater motivation to not waste money on over paying anyone.
A good example. Lee Iacocca...went from Ford to Chrysler and pulled it from the abyss of certain failure.
Of course normal people want to earn a comfortable living, but I think the wise ones with integrity also like to improve things for their fellow man and leave the world a little better place than they found it.
The B.C. brand does. If fact their current leader wants to take the party even farther left.
I agree. That's why I argue for balanced budgets and debt repayment. I don't want to leave my kids and grand kids with a 700 billion dollar debt.
But also keep in mind that life satisfaction peaks at around $75,000.00.
For a lazy government worker maybe. I normally make more than that but not as much as I would like to. I'm thinking more in the 1-2 mil range. That way I could live the lifestyle I should have been born to.
What? You mean decisions to counteract his/her own bad management?
A C.E.O. making $8 million a year has no bloody business laying off anyone!
]Cutting the CEO salary to $150,000 which by the way is less than my Director's salary, would not save the company during hard times. That math doesn't make any sense whatsoever...[/B]
Pie in the sky. Like you said, CEO 's will make decisions in the companies interests.