Quote:
Originally Posted by WhipperSnapper
CEO and senior executives income gains over the past 20 years are just crazy. Getting in one of these position is becoming less about your experience and knowledge and more about who you know.
Just insane that a dollard trader that loses $5 plus billion dollars gets paid out $25 million to leave.
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*cough, cough* It's getting a little thick in here, no?
The irony is that you're complaining about excessive salaries and then saying it's all "who you know"... The competition for top-level executive talent is so fierce that compensation has to be enormous. If it was all "who you know" there really wouldn't be any competition and therefore compensation would shrink.
Can you point to one public co CEO that holds that position based on "who they know"? It's ok if you can't...
As Beedok (correctly) pointed out, if you want to blame someone for cost cutting in the name of chasing ever-increasing profits, blame the shareholders who demand such. And keep in mind that the majority of shareholders aren't evil barons of capital, but rather the pension funds that cover the retirement of police officers, teachers and other humble public servants...
And now that we've veered completely offtrack, this will be my last post on this topic in this thread... Please feel free to start a new "This is why (I think) we can't have nice things" thread...
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