For the last few years there has been a growing trend in the business world to reward high ranking managers and CEO's of major companies even when their companies are not making money or are performing poorly.
what do you think?
i'm not sure.
2007-02-19 03:25:28 · 7 answers · asked by Youdontneedto know 2 in Business & Finance ➔ Careers & Employment
This is not an easy answer to provide. The high ranking people should be paid for the value and path they bring to a company. You cannot simply put all management into a single pot and call them all bad. There are CEO's who are really trying hard and for reasons beyond his control the company is not doing well that period, does that mean he should be fired, of cource not.
Sometimes the senior management must make some major changes in a company in developing a path to success. In that path some people may have to be let go, some divisions may have to be sold, some people may end up getting hurt financially. If the end result is that the company and the majority of the shareholders profited. In this situation didn't the COE do a god job, in the end?
I do agree with the idea that a non-performing manager, at all levels, should be held directly accountable
2007-02-19 03:43:20 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
If you don't like the way the company is being run, buy stock in the company and vote at the shareholders meetings. Unfortunately, unless you can afford to buy more than 51% of the stock, you're not likely to make much of a difference in trying to vote the sitting board of directors out.
CEO's salaries are generally set by the board of directors.
2007-02-19 03:30:29 · answer #2 · answered by Faye H 6 · 0⤊ 0⤋
This is an interesting question. I am in Network Marketing, something a lot of people refer to as a "Pyramid Scheme". This question really shows people what a True Pyramid Scheme really is. Here you have the CEO's, who got involved with the company first, earning ridiculous money based on the efforts of all the peons. Something that has given Network Marketing a bad name. Ironic, isn't it?
This is why I chose the line that I'm in. Everyone starts on a level playing field, and if I outperform someone who has been in it longer than I have, I get paid more than they do!
If someone performs poorly, they are not rewarded for it in my line of work.
I really hope this shows people how it really is!
2007-02-19 03:41:03 · answer #3 · answered by Anonymous · 0⤊ 1⤋
If you aren't a shareholder or on the board of directors of one of the corporations in question, it doesn't really matter.
2007-02-19 03:30:33 · answer #4 · answered by orderly logic 6 · 0⤊ 0⤋
They should make whatever the board of directors says they should make.
2007-02-19 03:31:00 · answer #5 · answered by Rob D 5 · 0⤊ 1⤋
extremely tough task. search from google and yahoo. this will help!
2014-12-07 22:40:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
noone is worth that much...company is doing bad....fire that @ss
2007-02-19 03:28:48 · answer #7 · answered by Michael K 5 · 0⤊ 1⤋