2007-08-07 13:51:55 · 14 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
At the very least, their salaries and pensions should be tied to their performance and the performance of the corporation or company that they run.
It's absolutely insane when a CEO gets canned because the company is doing squat - and he receives a multi-million dollar severance package.
The workers' pensions should be mandated by law to receive an independent audit at least annually to assure the money isn't building someone a nice hunting cabin in the Ozark Mountains. What took place at Enron and World Com is disgraceful.
Outrageous !
2007-08-07 14:03:04 · answer #1 · answered by LeAnne 7 · 3⤊ 0⤋
How about we get our fingers out of privately held and owned businesses and let them do exactly as they please. If you work for company X and don't like the pension plan, leave and get a better job. Be greatful to get a pension at all.
I am self-employed and will never get such perks, therefore, I plan for myself the way I will need it.
Who can explain the logic behind asking a question like why CEO's pensions should be tied to the worker's pensions?
If you want CEO perks, become a CEO!
2007-08-07 21:11:58 · answer #2 · answered by Al S 3 · 0⤊ 0⤋
Interesting thought, but probably not a good idea. If a company isn't willing to pay its CEO very much money, then it won't be able to get a good CEO. And that'll end up hurting the low level workers a lot more than a high CEO salary would have.
2007-08-07 22:50:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I agree. Pensions.
But although I believe that American CEO's get to many bonuses for way to much money. I do believe that they should be compensated if the are moving their company in the right direction and the company is making a profit.
2007-08-07 20:56:49 · answer #4 · answered by Dina W 6 · 1⤊ 0⤋
I agree fully because I, for one, am tired of CEOs causing the downfall of a company and still getting paid millions of dollars while the average person loses everything (pension, job) and has to try to claw their way back up.
2007-08-07 21:08:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
CEO's shouldn't get pensions. They get paid more in one year than the workers do in a lifetime, so they should pay their own way after they leave the company.
2007-08-07 21:05:41 · answer #6 · answered by ♥ Cassie ♥ 5 · 2⤊ 1⤋
I don't necessarily. Now, take the Enron scandal. Those pensions all those people lost should be paid by the CEO's and CFO's of that company.
2007-08-07 20:54:51 · answer #7 · answered by Glen B 6 · 4⤊ 0⤋
It should definitely be tied to the worker's salaries. It should be no more than 4 times the amount of the average of all employees.
We need to stop the Corporate Aristocracy!
2007-08-07 20:57:08 · answer #8 · answered by B. D Mac 6 · 4⤊ 0⤋
Absolutely
2007-08-07 21:16:52 · answer #9 · answered by Jackie Oh! 7 · 0⤊ 0⤋
Not an issue anymore. Few companies have pensions, just 401k's.
2007-08-07 21:03:58 · answer #10 · answered by beren 7 · 0⤊ 0⤋