The problem with CEO salaries is they are determined by the Board of Directors. Most Board Members are puppets and do what all good puppets do, what the CEO wants! They are equivalent to barbarians inside the gate!!!
whs806
of TX
@
Jul 27, 2008 07:32:19 AM
Let's think fairly
I have a question for Ms. Kellaway. How many other 38% raises was the Bank of England handing out?
It's not the fact that he was getting a raise, but the fact that his raise was probably 5 to 10 times [in percentage] what other employees were receiving.
I agree with the first comment, but would go further. What we need in the United States is not a minimum wage, but a maximum wage.
Don't start telling me it won't work. Every union contract ever signed has a wage at which each job tops out.
We need to stop the ever escalating CEO salaries, which are totally disconnected from results.
If you say not so, then explain the situation where the CEO of Home Depot was making more money than the CEO of Exxon-Mobil a few years ago, even though they were being badly beaten in business by their main competitor, Lowes.
Dave Wolff
of TX
@
Jul 26, 2008 18:18:13 PM
Let's think more locally.
This particular CEO is making less than what we're "steamed" about in the U.S. private sector----what we've seen with some pulling down tens to hundreds of millions a year. Those Brits can do whatever they wish, but the solution to our problem here is a return to good ole high income tax rates rates for astronomical incomes---including those derived from capital gains. Boards did not, do not and will not vote to compensate their CEOs several hundred times as much as the average worker if they know in advance that 60% - 90% of it is going to income tax. And, yes, we SHOULD still have rates that high for incomes in tens of millions per year and up.
It's not to "soak" the rich. It's to prevent the excesses in the first place. We're so Republican dumb in this country that we "forgot" that the only reason the highest flying of the CEOs get those is because they duped customers, employees, suppliers, investors, or some combination of all four.
Don't tell me about "creating value" as a justification. Look under the hood and you'll find out that "value" usually comes from customers (higher prices via patents), employees (lost jobs in "cost cuts") or suppliers (oops, they sourced abroad) or investors (buying high and selling low.)
You want better? Think OPPOSITE what you've been told by Republicans and their eco-gurus about taxes.
You're taking a break from your job-hunting and job-hopping ways and have decided to stay put in your current position. Liz Wolgemuth’s careers blog will show you how to make the very best of your job, each day.
whs806 of TX @ Jul 27, 2008 07:32:19 AM
Dave Wolff of TX @ Jul 26, 2008 18:18:13 PM
Daniel David of NM @ Jul 24, 2008 16:40:01 PM
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