Top CEOs leave 99% in the dust

[jariax]

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....

When looked at independently, there seems nothing wrong with successful people making a lot of money.

However, globalization and the great economic panacea of open markets is what has made this growing trend of income disparity all possible. What was touted as a way to create win-win situations for all may have increased GDP overall, but created more losers than winners, as the real wage for many people has decreased. Of course, economic metrics usually focus on GDP per capita, as opposed to the median real wage, so the losers are statisically lost thanks to $67 million CEOs skewing the results.

 

[Tonington]

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.

 

[JLM]

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.

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! 8O

 

[petros]

Why not?

 

[JLM]

Why not?

Because one of his first duties is to protect the company which may necessitate paring his own salary to a sane level first! :smile:

 

[taxslave]

Even someone with a piano tied to their ass can reach for better education, experience and pay.

WHy would they bother when they can make the government take a bunch of money from someone that has earned it and "redistribute" that money to those that don't feel like doing 16 hr days?

True.

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.

How much do the bottom 99% of CEOs make?

Much less than a government worker if you call those with a small LTD company CEO. WIth much more risk.

 

[TenPenny]

First off, if someone wants to pay a person an exorbitant salary, why should the recipient decline it?

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.

 

[taxslave]

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I wonder how much that Judy chick pays herself as CEO of this NPO?

They rank right up there with the Coucil of Canadians.

Known locally as the NDP propaganda machine.

 

[petros]

Because one of his first duties is to protect the company which may necessitate paring his own salary to a sane level first! :smile:

What makes a high salary insane?

Known locally as the NDP propaganda machine.

Beyond NDP Bolsheviks. NDP doesn't come close to being this level of Bolsheviks.

 

[TenPenny]

How about the board of directors. elected by the shareholders? just askin'

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.

 

[JLM]

What makes a high salary insane?

.

Perhaps "obscene" would be the better word........................sorry I misspoke! :lol:

 

[taxslave]

What makes a high salary insane?

Beyond NDP Bolsheviks. NDP doesn't come close to being this level of Bolsheviks.

The B.C. brand does. If fact their current leader wants to take the party even farther left.

 

[captain morgan]

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.

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.

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.

Mutual Funds and pension funds have an even greater motivation to not waste money on over paying anyone.

 

[TenPenny]

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.

Ah, you're doing a great job.

 

[Bar Sinister]

A good example. Lee Iacocca...went from Ford to Chrysler and pulled it from the abyss of certain failure.

Great example. But that was almost 35 years ago. Do you have another that fits the salaried elite of the 21st century and Canadian CEOs in particular? And yes - I already know about Steve Jobs and Herman Caine.

 

[Cannuck]

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.

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.

 

[JLM]

The B.C. brand does. If fact their current leader wants to take the party even farther left.

Which brings to mind they had quite a piece on Glen Clark on Global News tonight. Hardly recognized the guy, looking well, very up beat and seems to have lost a lot of his arrogance. He's been working for Big Jimmy, so I guess that might do it. Jimmy apparently saw something in him many of us voters didn't. :lol::lol:

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.

Oh, you mean the $700 billion we spent raising brats like you?

 

[Cannuck]

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.

RSA Animate - Drive: The surprising truth about what motivates us - YouTube

 

[Tonington]

What? You mean decisions to counteract his/her own bad management?

Well, that's certainly knee jerk.

I mean-and I think you know perfectly well what I mean- that a CEO routinely makes decisions that impact many people's lives.

A C.E.O. making $8 million a year has no bloody business laying off anyone! 8O

Not all CEO's make $8 million. My CEO makes $2.5 million, with a corporation that has yearly sales of close to $50 billion. That's across the entire business, in US dollars. But our company is headquartered in Switzerland. Do you want to know how that matters? We are ahead of our sales forecasts, but because of currency fluctuations in our largest markets (US and EU) we finish the year behind estimates in Swiss francs. My business unit is way ahead, but Aqua grows fast. 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...

Pie in the sky. Like you said, CEO 's will make decisions in the companies interests. :roll:

 

[JLM]

]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. :roll:

Time you got in tune with the real world. $150,000 is a little less than half of what the President of the U.S. earns, I think he has a little more responsibility than your Director! :lol::lol::lol::lol: