Do you think CEOs of public companies should be 'paid for performance'?

Answer 1

I think they should be paid a fare amount. But they sure don't deserve that amount that most of them receive. It is a total disgrace to any one to receive the kind of money they receive.

Answer 2

Certainly, and all other employees of public companies should be paid for performance. The problem is that avarice has infested the corporate executive suites, and CEOs are earning 800 times (or more) as much as their average employee. There is no one person so much smarter than another that such a broad difference in pay scales is acceptable.
Public companies should be responsible to their customers first, their employees second, their vendors third, and their top-echelon management and shareholders last. While those on the royal throne of excess will argue that executive leadership, top-notch management, and shareholders' investments are the pinnacle for corporate success and growth, they're wrong.
Some of the most productive and profitable companies in the U.S.A. are those that are owned by employees and managed by employee teams with very little management hierarchy.
There is one fundamental philosophy that I've subscribed to for most of my corporate career: "the bigger ANY organization, government, or corporation gets, the less manageable it becomes, and the fewer people benefit from it."
You only have to look at the American Red Cross, the United States government (and our U.S. Congress), or corporations like Verizon, WalMart and General Motors to prove the veracity of that statement.
Finally, the 'true heroes' of any corporation, organization, or government are those "customer service" people! Without them, most companies would - and do - fail miserably. Look how many times you can't get anything resolved because of insipid automated phone lines, computerized voice-activated customer care departments, and just plain incompetent customer service!
Those are the people who should be paid the big bucks! -RKO-

Answer 3

Yes I do think CEOs should get paid for performance. But not like it is now. When they show a profit they get a bonus, This is a wide open bonus. If they want a bonus all they have to do is sale off a part of the business. Saleing off a product line is an instant profit. Which means they get their bonus. But that as well means there is no profit next year from the sales of the product that they no longer have. So they have to sale something else to get the next 8 million dollar bonus next year.

I think the Profit they show for the companies has to have long term goals. Not just a instant showing. Before long the CEO has enough of the companie's money in his bank account to open has own business and the one he is currently working for is broke and near bankrupt. The CEO moves on to a new CEO job making more money because he showed millions on top of millions of dollars profit each year for say the last 5 years. The art seems to get out right be for anyone can notice the business is going down. Long as it looks good to the stock market you are good.

This is the Kennametal way of doing business.

Answer 4

Yes, however there needs to be a cap. Too many CEOs receive $500K+ per year (many over $1MM+). For the benefit of the stockholders, customers and employees, there should be a cap and any profits that would have gone toward such an excessive salary should go toward (1) ensuring that employees are compensated appropriately; (2) making sure that the customers are receiving a good price and good quality product; (3) the stockholders are receiving the best return possible and (4) adequate funds are going toward humanitarian aid -- in that order.

Answer 5

Yes, because it makes so CEO are looking after shareholder, and investors in those companies. Cant legislate CEO compensation. The only way to reduce compensation is thru taxation, and that creates tax evasion. Therefore, its a zero sum game.

Answer 6

actually, and all diverse workers of public agencies must be paid for average overall performance. the concern is that avarice has infested the corporate govt suites, and CEOs are incomes 800 circumstances (or extra) as much as their effortless worker. there is not anybody individual plenty smarter than yet yet another that this sort of extensive huge distinction in pay scales is suited. Public agencies must be accountable to their purchasers first, their workers 2d, their distributors 0.33, and their suited-echelon administration and shareholders very final. together as those on the royal throne of extra will argue that govt administration, suited-notch administration, and shareholders' investments are the precise for corporation fulfillment and strengthen, they are incorrect. the diverse suited and effective agencies in the united statesA. are people who're owned by using potential of workers and controlled by using potential of worker communities with little or no administration hierarchy. there is one time-honored philosophy that i've got have been given subscribed to for lots of my corporation occupation: "the bigger ANY business enterprise, government, or business enterprise gets, the fewer accessible this is going to alter into, and the fewer people income from it." you in basic terms ought to prefer to envision out the yankee pink bypass, the U. S. government (and our U.S. Congress), or companies like Verizon, WalMart and common automobiles to coach the veracity of that certainty. ultimately, the 'extremely heroes' of any business enterprise, business enterprise, or government are those "shopper provider" people! devoid of them, maximum agencies ought to - and do - fail miserably. look how many circumstances you ought to not get some thing resolved using certainty of insipid automatic telephone lines, automatic voice-activated shopper care departments, and easily effortless incompetent shopper provider! those are the people who must be paid the super funds! -RKO-

Answer 7

Yes, Wouldn't you like to be rewarded for your work performance? I feel that if the one your referring to sets and hits his company goals he should be paid. Increases and such should be paid. I would not want to work for free.

Answer 8

aren't they?