Are CEO's worth the money and benefits they make? just as worthy as teachers, firefighters and the workers underneath them? Would companies go under if the money that these CEOs make was better distributed amongst the company? Is this fair? *sigh*
2006-06-23 03:47:43 · 9 answers · asked by dramachicfc 1 in Business & Finance ➔ Corporations
CEOs are generally hugely overcompensated. It's bad enough when a successful CEO makes hundreds of millions in stock options. However, the really vexing thing is when incompetent CEOs get huge bonuses even though by every measure they fail (dropping stock price, bad business decisions, etc.).
As to your second question, it's not fair, but that doesn't mean it's necessarily wrong. Say what you will about CEOs, but there are relatively few people who can do what they do, and their actions can have a huge effect on a company's success or failure. There are many many more people who can be teachers or firefighters. The laws of supply and demand mean that those people get paid less.
2006-06-23 03:54:43 · answer #1 · answered by Dave R 6 · 0⤊ 0⤋
Well without them there would be no decisions so if their track record in decision making is good, we have them to thank for for us still having jobs. Whether they're worth the money is an issue of 'want the best, pay the best'. Of course this motto does not apply to asian countries who are receiving outsourced work.
2006-06-23 03:54:12 · answer #2 · answered by GoateeBoy 3 · 0⤊ 0⤋
This is quite unfair. Being the part of the capitalist society they work for the big stake holders and they themselves are the decision makers, as small stakeholders cannot come to the fore, as Board Directors, to rectify their decisions for better distribution.
2006-06-23 04:22:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well, at least not until you get the position. I think you can ask this question about many positions. How bout sports figures? For example, Shaq makes around 20 million per year before endorsements.
2006-06-23 03:54:39 · answer #4 · answered by -:¦:-SKY-:¦:- 7 · 0⤊ 0⤋
why not they are a major part of the company
when you become one someday(if you do) are you gonna be asking the same thing? Nope you'll get fat and happy.
2006-06-23 03:51:22 · answer #5 · answered by WDubsW 5 · 0⤊ 0⤋
they should make a little more because they have a larger responsiblity but...as far as making millions more, that's not fair.
2006-06-23 03:51:26 · answer #6 · answered by A.Marie 5 · 0⤊ 0⤋
Well considering CEOs have to work their way into making their business, they can pay themselves as they please.
2006-06-23 03:52:13 · answer #7 · answered by Sam L 2 · 0⤊ 0⤋
No they shouldn't
2006-06-23 03:51:06 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No.
2006-06-23 03:51:45 · answer #9 · answered by Robsthings 5 · 0⤊ 0⤋