Do our CEOs deserve more pay?? Your Thoughts??

Question

Everyday some CEO just got paid 300 Million for doing a tiny amount of work. Or no work at all. One guy got 500 Million for retiring. Think about that: He got 500 Million for the work he's not going to be doing. Last year, three hedge fund Managers took home over 1 Billion apiece. Thats Billion with a capital B... Your Thoughts...

Answer 1

Executive pay scales have gotten out of hand. There is no way any one person is so much smarter or better than another than (s)he deserves to earn 600 - 800 TIMES the salary of an average company employee.
Since we have a MINIMUM wage, I would propose that the government also establish a MAXIMUM wage, based not on a dollar amount, but on a percentage of the gross profit of the business - whether it's a partnership or a corporation (sole proprietor ships are generally small, one-owner businesses where the owners can only take a relatively modest salary anyway).
Stockholders should take CEOs to task for performance, and Boards of Directors must begin assuming more responsibility for the profitability of the corporation. That CEO - regardless of how bright (s)he might be - didn't make that corporation profitable all alone. It often takes thousands of employees to make it happen. And all of those employees should share in the company's prosperity. The best run corporations in the country are those that are either employee-owned, or where workers have a direct stake in the company's success.
I n fact, I think ALL companies should be owned by its employees. Every corporation should have as its motto: CUSTOMERS FIRST; EMPLOYEES SECOND; VENDORS and SUPPLIERS THIRD;
STOCKHOLDERS and INVESTORS FOURTH;
MANAGEMENT and EXECUTIVES DEAD LAST.
-RKO- 05/13/07

Answer 2

The CEO carries highest risk and responsibilities for the health , growth and profitability of the organization. The compensation is always related to the quantum of profitability growth and future achievable projections of the company. He is also responsible for the strength of the marketable shares of the company. A CEO that delivers all in the positive side is bound to get the best part of the cake.
Talking about the Hedge managers, if you know the operations in depth , you wont be asking this question. Hedging is like risk insurance of the capital in any form, If a risk (hedging) manager managed his operations profitably to the organization, than he is worth of what you are mentioning in your question.

Answer 3

I think it is a mistake to say that these guys aren't doing valuable work. After all, it take a certain kind of crazy to actually *want* to be responsible for the rise or fall of a whole company.

Being CEO is a tough job, and I think it's fair to say that these guys deserve a *little* extra.

But as for their millions, these guys need to take a tour of Mumbai, India, Tijuana, Mexico, Haiti, or just about any place in southern Africa. Show how much good their millions are actually doing anybody. It might give them a little dose of humility and gratitude.

Besides, instead of paying corporate officers and investors these huge insane amounts of money, why don't they take that money and improve employee benefits instead, or just put it back into the company's bottom line.....?

Answer 4

some people are born lucky. But I guess if they did work hard and if the Co. is recocnizes their efforts then WHY NO? Who knows u might be the next person!!!!

Answer 5

Who are we to decide what they are worth?. The company thinks their knowledge, skill, and time are worth it and they must have done something they liked. Sounds like dollar envy!