What's the maximum salary America's business executives should be allowed to receive?
What's the maximum salary America's business executives should be allowed to receive?
That's actually how a lot of the big dogs do it. There has to be a taxable income, typically the base salary is somewhere between 100-200k plus stock options. Where the CEOs have gotten a sweet deal is the backend of the contract with guaranteed severence, that's something I'd like to see ended, if they are fired or forced to resign they should have the same exit as any other employee.I think they should get a certain amount of stock in the company, which the company will then buy back from them in cash at current value.
That way however they perform for the company is an indication in how they will get paid.
as much as their employers want to pay them.
What's the maximum salary America's business executives should be allowed to receive?
What's the maximum salary America's business executives should be allowed to receive?
It's not society's business to determine transaction limits between consumers. Enron wasn't a pay issue, it was a fraudulent accounting one, the misrepresented liabilities as assets which is a huge SEC no-no. Sure there is fraud, and frankly if a CEO knowingly allows it to happen they should be held liable in civil and criminal court, no caps on liens or lawsuits. That said the company can pay their employees whatever they want, it should remain so.Hearing this reminds of corporate fraud like Enron, Tyco, Nortel, and WorldCom/MCI, just to name a few. But we shouldn't take that into consideration since it's ok for them to make all the money they want.
It's not society's business to determine transaction limits between consumers. Enron wasn't a pay issue, it was a fraudulent accounting one, the misrepresented liabilities as assets which is a huge SEC no-no. Sure there is fraud, and frankly if a CEO knowingly allows it to happen they should be held liable in civil and criminal court, no caps on liens or lawsuits. That said the company can pay their employees whatever they want, it should remain so.
The people "doing the real work" signed their contracts, if they don't like it they can leave. CEOs are valuated at contract time, while I would love to see severence packages ended I don't care about the rest of their salaries, and it is wrong to try to force companies to structure how they pay their employees based on caps. It's no one else's business, and the "people doing the real work" may not have the skill sets to earn more, if they do they can restructure or leave, but bitching about their pay falls on my deaf ears.I still disagree. They should do away with golden parachutes and cap their pay. The people doing the real work that makes the company money should get paid a lot more. You'll never convince me that an executive should make the amount of money they are making. Maybe if they started breaking a sweat doing the hard work. You can put any monkey in a suit in an executive office and the company will still run itself.
The people "doing the real work" signed their contracts, if they don't like it they can leave. CEOs are valuated at contract time, while I would love to see severence packages ended I don't care about the rest of their salaries, and it is wrong to try to force companies to structure how they pay their employees based on caps. It's no one else's business, and the "people doing the real work" may not have the skill sets to earn more, if they do they can restructure or leave, but bitching about their pay falls on my deaf ears.
*sigh* What cap on employees are you talking about? You mean their agreed upon pay for their skill sets and position? That's called employee valuation, see, they have a value like anything else in an economy. If 10 people can do a particular job it has a higher value than if 100 can do it, if you go to 1,000 your value goes even lower. Once we get to the point where I can literally grab a person out of a crowd and say "hey you, I need a warm body to do ______________" the value is minimal at best.So it's ok to cap salaries on the workers who do the real work, but CEO's can make an endless amount. That is what is currently happening in the corporate structure.
I'm echoing liberal arrogance, Cephus. I once heard a liberal loon state that $500K was plenty. Take your anger, elsewhere.Where the hell do you get off thinking it's any of your damn business?
I'm echoing liberal arrogance, Cephus. I once heard a liberal loon state that $500K was plenty. Take your anger, elsewhere.
So it's ok to cap salaries on the workers who do the real work, but CEO's can make an endless amount. That is what is currently happening in the corporate structure.
Same thing with people who constantly want a higher minimum wage. If I can literally grab someone off the street and put them in a position with no training required minimum is sometimes too much for the actual value of the position.You don't understand supply and demand. There are lots of people who can be janitors, thus their financial worth is much lower. There are very few who can be CEOs and thus they can command a much higher rate. The company, it's board of trustees and it's shareholders, decide what is a worthwhile salary for everyone who works for them, from janitor to CEO. Where do you get off thinking you get to dictate the rates for a company you don't even own stock in?
You don't understand supply and demand. There are lots of people who can be janitors, thus their financial worth is much lower. There are very few who can be CEOs and thus they can command a much higher rate. The company, it's board of trustees and it's shareholders, decide what is a worthwhile salary for everyone who works for them, from janitor to CEO. Where do you get off thinking you get to dictate the rates for a company you don't even own stock in?
I'm just stating my opinion. At some point in the future, we'll get this figured out and inflation will be something you read in a history book. The longer we keep up this mentality that it's ok for an executive to make the insane salaries they make, the longer we have to deal with inflation.
The money for executive's salaries have to come from somewhere. So let's just keep the busy bees making chump change for a salary, let the executives make an uncapped amount and eventually everything will work out. I'm not buying that theory and ultimately, that is what is destroying our society. The rich keep getting richer while the average income of a poor person increases each year along with inflation. Before you know it, making $100k a year is going to be considered poverty. At what point does the ridiculousness end? There appears to be no end in sight at the rate we are going.
No, what I should be doing is keep doing what I've been doing. What you should be doing is ignoring my posts if you don't like them.You should stop echoing something absurd like that,
Same thing with people who constantly want a higher minimum wage. If I can literally grab someone off the street and put them in a position with no training required minimum is sometimes too much for the actual value of the position.