Quote:
Originally Posted by finnbow
Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. Also, the differential today between CEO and worker pay is higher than ever. American corporate performance isn't commensurate with their pay (say I, a shareholder in many US companies).
Compensation isn't based upon performance, it's based on how much the executive compensation committee can squeeze out of the company for their friends and colleagues, the executives. Take a peak at this article to say how it really works:
http://www.washingtonpost.com/busine...PJL_story.html |
I think you're way over-generalizing from way too few specifics. It may work that way at some firms, but by far and away certainly not all.
But again, so what? What does it matter what someone makes?