Don't you get upset that CEO's make millions and millions, yet don't want to pay their workers to let them share company success. Corporate greed or corruption? I say this is more along the lines of corruption.
2007-02-18 16:11:29 · 8 answers · asked by rasckal 3 in Business & Finance ➔ Corporations
I am a social worker, with a masters degree, and lots of student loans...nuff said.
2007-02-18 16:19:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Dude, it seems like corp. greed, but that money is well deserved. The more you understand the world of business and investing the more you will realize why CEOs earn such large cash bonuses. I'll give you some reasons why:
1) Good money or plenty of money follows good business and good management. Large corps always pick good or proven and competent management. The manager of a large corp or a publicly traded company is a CEO. If the CEO of a company is good, more people want to invest money in the corp and do business with the CEO. In a nutshell, a CEO can make or break a company. For this reason, a CEO's pay packet is largely attached to the corp's performance.
2) If a large corp makes a large profit, the CEO gets a large bonus. A large, publicly traded corp like Home Depot makes 100s of millions of profit or even billions of dollars worth of profit. The CEOs get a percentage bonus of the profits as reward for the company's performance. Majority of CEOs have these deals as part of their work contracts. As an investor, I think they are worth the leverage because they attract the business of other corps wanting to trade with the company.
3) CEOs also attract investors into contributing capital to a company. If you invested sums of cash in publicly traded companies, I think you would appreciate good management more, because good management would mean the value of your stock also increases.
If the $8/hour employee wanted they could easily reach the level of the CEO, but they would have to put a lot of effort into their work and helping build and improve the company.
2007-02-19 00:26:41 · answer #2 · answered by Muga Wa Kabbz 5 · 0⤊ 0⤋
It is obscene, especially if a CEO or high level exec gets canned for poor performance and still gets a big payoff. But it's never going to change under current business practices.
2007-02-19 02:25:02 · answer #3 · answered by kwilfort 7 · 0⤊ 0⤋
I don't like it.
Employees should make a maximum of $5.15 USD per hour.
Each employee can buy a Home Depot share for less than $44.00 USD if they want more money.
If you don't have any Home Depot shares just open a brokerage account at Zecco (It's FREE) and Home Depot will send you a check each quarter until you die. (It's called a dividend)
Also after you are dead your children will inherit your shares and they don't have to work anymore.
It's easy if you try.
Buy two shares each week and die rich.
2007-02-19 21:00:31 · answer #4 · answered by Anonymous · 0⤊ 1⤋
What's the problem? The workers would only have to work for about 12,000 straight years to earn that. Lazy bastards.
2007-02-19 00:15:32 · answer #5 · answered by Omni D 5 · 0⤊ 0⤋
Vote Democrat. The Republicans like it like that.
2007-02-19 00:26:07 · answer #6 · answered by opinionator 5 · 0⤊ 0⤋
yup, that is what happens when you have one or a few ppl at the very top and thousands under. Its not fair but its the system of hierarchy.
2007-02-19 00:17:09 · answer #7 · answered by S A 3 · 0⤊ 0⤋
i agree.
2007-02-19 00:13:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋