President Bush has asked that the coporate CEO's should not be given such high salaries and so many different perks.
2007-02-02 09:08:19 · 7 answers · asked by Deln 1 in Business & Finance ➔ Corporations
On this point, I do agree with the president.
20 years ago, corporate CEOs made 20 times the amount of the low wage workers in their companies.
Now, corporate CEOs make 400 times the amount of the low wage workers in their companies. This figure does not include non-quantifiable bonuses such as stock options - that's just base salary.
Whether this is because their wage has gone up or the low wage worker's pay has gone down or a combination of the two, its a problem.
Historically, nothing has caused more revolutions that the massive disparity of wealth. Even though it may not look like wealth disparity on the surface, its boiling down to wealth disparity at its core.
(Soviet Revolution, American Revolution, French Revolution, The fall or Rome)
Notice that the two most recent events have resulted in Communism. Most people who are poor and who are rich don't want that do they? That said, shouldn't this problem be fixed? Its not the rank and file workers that can make the change - its the rich CEOs and Board Members that would have to make a sacrifice. Good luck with that.
2007-02-02 10:03:51 · answer #1 · answered by Justin 5 · 0⤊ 0⤋
Bush is just crying because they make more than he does. The companies that hire the CEO's can hire who they want at the salary they feel like paying. If they don't want to pay the going rate they can hire someone who will do the job for less. The board members who make those kind of decisions are responsible to the share holders of the company. The share holders can vote out the board members if they wish.
This is called Free Enterprise. I know it is a strange concept to people who have grown up in the modern educational system, but do try to look it up and do some research.
Isn't it funny that everyone thought Bush was a conservative, and now he is jumping on the socialist bandwagon.
2007-02-02 09:22:54 · answer #2 · answered by John H 6 · 0⤊ 0⤋
Yes, considering that in most cases a CEO isn't the one who designs the product, builds it, sells it, or repairs it. A CEO is paid for charting a company's long-term strategy. No one can predict the future, so they're basically making an educated guess based on the data available. How many millions is a guess worth?
2007-02-06 03:28:27 · answer #3 · answered by Harbinger 6 · 0⤊ 0⤋
He also said that CEO's should be paid based on how much they've helped the share holders.
If Bush is a CEO, and we're the share holders, he'd be the one with a personal deficit, instead of this country having a deficit.
Any other CEO who has failed in a hostile takeover as miserably as he has would be fired.
Isn't that "the pot calling the kettle black"?
2007-02-02 09:22:54 · answer #4 · answered by Eat At The Y 4 · 0⤊ 0⤋
yes i do agree. for example, an employee at walmart would have to work 1000 years to makes as much as a CEO does in 1 year.
2007-02-02 09:22:50 · answer #5 · answered by Chicksta 2 · 0⤊ 0⤋
No. Players of professional sports make too much money!
CEOs, do not, even though they are much more important for society and they have much more at stake!
2007-02-02 09:18:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes
2007-02-02 09:16:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋