Ways to check multi-million dollar salaries

[A. BETTIK]

One thought:

Why couldn't a company exist where employees get to set the CEO's salary? How could such a scheme goat rope a company any worse than the status quo?

 

[7 Iron]

You're kidding, right?

I'm a CEO, I go out and hire someone and then that person votes on how much I should make?

Horrible idea.

 

[FondrenRoad]

A better way is for shareholders to vote on executive salaries. They are, after all, the "owners" of the company.

 

[HornBud]

I don't mind their salaries, it's the golden parachutes that stick in my crawl.

 

[Sooner-Tuf]

If you are stuck crawling you have more pressing issues than the potential of a golden parachute impact.

 

[Bookman]

It's not my money, so I don't really care.

 

[MaduroUTMB]

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[Hornin Hong Kong]

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[Bob in Houston]

Shareholders don't run the company... they employ a board of directors to run it. It's certainly possible to give the shareholders a vote on an issue like this, but the direct action available is to fire the board.

 

[Finger Likcin']

Freedom aint free. If you dont like it go somewhere else.

Someone has more money than me .. Waahhhhh

 

[A. BETTIK]

Scenario:

CEO Cleo has to lay off 10% of the company employees due to recession, poor performance, bad luck etc. CEO Cleo's salary goes unchanged by BOD, shareholders or self. Employees vote to cut Cleo's salary by 10%. What is so terrible about this vote?

 

[HornBud]

^^ typically what happens in the above situation, is that laying off 10% saves $X. CEO then gets a bonus of $X/N.

 

[Finger Likcin']

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[jimmy neeyg]

Just tax the **** out of CEOs, Athletes, or anyone making over $10 million. Then make a new tax bracket, and put all that tax revenue into public works projects. CEOs do face a lot of pressure and some of them actually work really hard, we will never limit their pay here in 'Merica but we can make them share it.

Banks that borrow money from tax payers should be offered the same interest rates they offer their sub prime customers.

I'm just waiting for the next corporate coup like the one planned against FDR until Major General Smedley Butler revealed their plans.

 

[Hornin Hong Kong]

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[NBMisha]

Because it is surely above "all" of us, that is, all of us that count.

Of course the logic is they are a tiny minority, and can be thusly hosed. Its the same logic applied to the top 40% of incomes.

But once I'm below the cutoff, I'm all for it. Its a powerful meme, up there with supreme being.

 

[Summerof79]

20 years aog CEO made a lot of money and they worked hard for it. Now many make OBSCENE amounts of money whether or not they perform well at all.

The good old boy you sit on my board and I'll pump your salary system allowed this to get out of control.

 

[Hornin Hong Kong]

But that has nothing to do with the topic we are discussing so not sure why you posted it.


If you want to make a post on board/ceo nepotism I'll post on it and likely agree with you.
The Link

There's a good article to start your thread.