88Comrade2000 Posted October 7, 2011 Share Posted October 7, 2011 If the President can only make 400,000; should their be a cap on CEO pay to the same amount? After all, the leader of the free world can do alot of good or bad; much more than a CEO can. Or can they? Maybe the President should get a CEO type salary? Link to comment Share on other sites More sharing options...
twa Posted October 7, 2011 Share Posted October 7, 2011 No...and it's a stupid question Link to comment Share on other sites More sharing options...
tdigle Posted October 7, 2011 Share Posted October 7, 2011 A person's salary isn't determined by how much social utility they generate; it's determined by how much value they bring to their employer's firm. More often than not, the CEOs that you see in the news head publicly-owned companies; through a board of directors, they are employed by the stockholders. If, under their tenure, there's a generous increase in share value and dividends, they merit the pay they get, end of story. Link to comment Share on other sites More sharing options...
Duckus Posted October 7, 2011 Share Posted October 7, 2011 A person's salary isn't determined by how much social utility they generate; it's determined by how much value they bring to their employer's firm. More often than not, the CEOs that you see in the news head publicly-owned companies; through a board of directors, they are employed by the stockholders. If, under their tenure, there's a generous increase in share value and dividends, they merit the pay they get, end of story. Well, that would be true, but it seems to me that i hear story after story of failing companies giving enormous severance packages to exiting CEOs. It seems like success has very little to do with compensation at the top. And no, I don't agree with the idea in the OP. That is absurd. However, CEO pay is outrageous and something needs to be done to control the income inequality that is spiraling out of control. Link to comment Share on other sites More sharing options...
twa Posted October 7, 2011 Share Posted October 7, 2011 The severance packages are a enticement for them to accept the position...if ya want to make the argument some board of directors offer too much I would agree...but it is their company to run,not mine Link to comment Share on other sites More sharing options...
tdigle Posted October 7, 2011 Share Posted October 7, 2011 Well, that would be true, but it seems to me that i hear story after story of failing companies giving enormous severance packages to exiting CEOs. It seems like success has very little to do with compensation at the top. And no, I don't agree with the idea in the OP. That is absurd. However, CEO pay is outrageous and something needs to be done to control the income inequality that is spiraling out of control. Most of those stories are misleading. Ousted CEOs are lucky if 20% of their severance package comes in the form of hard cash. The majority of it comes in the form of unvested deferred stock options. The severance packages are a enticement for them to accept the position...if ya want to make the argument some board of directors offer too much I would agree...but it is their company to run,not mine Exactly. Link to comment Share on other sites More sharing options...
Springfield Posted October 7, 2011 Share Posted October 7, 2011 Nope, not at all. However, most CEO's don't deserve what is paid to them. There is nothing revolutionary about being a CEO. Should the CEO of BOA get a raise for implementing a $5 charge on all debit card users? Link to comment Share on other sites More sharing options...
mossomo Posted October 7, 2011 Share Posted October 7, 2011 Only if you are a socialist Link to comment Share on other sites More sharing options...
Springfield Posted October 7, 2011 Share Posted October 7, 2011 Only if you are a socialist Oh buzzwords, aren't they great! Since we are throwing mindless drivel out there. This country could use more socialism. Link to comment Share on other sites More sharing options...
twa Posted October 7, 2011 Share Posted October 7, 2011 Needs more religion too :evilg: Link to comment Share on other sites More sharing options...
Springfield Posted October 7, 2011 Share Posted October 7, 2011 Needs more religion too :evilg: Yes. Buddhism. Not that garbage Christo-Judeo-Muslemo garbage. Too much god going on in this country. Only half joking. Sorry. Link to comment Share on other sites More sharing options...
Destino Posted October 7, 2011 Share Posted October 7, 2011 No. But stacking the board that determines compensation with friends is bad. The good ol boy network running companies needs to be broken up. ---------- Post added October-6th-2011 at 11:47 PM ---------- The severance packages are a enticement for them to accept the position...if ya want to make the argument some board of directors offer too much I would agree...but it is their company to run,not mine only job on the planet where this ridiculous logic isn't laughed at. Offer them golden parachutes that cover them when they scree up... Uh... To attract the beat leaders. Yup makes perfect sense. Link to comment Share on other sites More sharing options...
Drew_Fl Posted October 7, 2011 Share Posted October 7, 2011 this thread was going nowhere the second it was posted, and we've already had accusation of socialism and religion bashing in only 11 posts. kudos tailgate crowd, you exceed my expectations. i thought at least 30 posts would've been needed for the religion bashing alone, but you went ahead and did the obligatory socialist dig as well. impressive. Link to comment Share on other sites More sharing options...
twa Posted October 7, 2011 Share Posted October 7, 2011 They obviously fear freedom Link to comment Share on other sites More sharing options...
Springfield Posted October 7, 2011 Share Posted October 7, 2011 They obviously fear freedom Freedom is a scary thing. Link to comment Share on other sites More sharing options...
chipwhich Posted October 7, 2011 Share Posted October 7, 2011 Well the obvious response is the president makes more than 400,000. Not CEO money, but it pays to be president Link to comment Share on other sites More sharing options...
mojobo Posted October 7, 2011 Share Posted October 7, 2011 If the President can only make 400,000; should their be a cap on CEO pay to the same amount?After all, the leader of the free world can do alot of good or bad; much more than a CEO can. Or can they? Maybe the President should get a CEO type salary? Wouldn't it not be the free world if we set price ceilings? Link to comment Share on other sites More sharing options...
Renegade7 Posted October 7, 2011 Share Posted October 7, 2011 No. It's their company and their money, so if they want to make it rain on themselves, more power to them. Anything less goes against everything we stand for as Americans. Does that mean they deserve the current tax rate they are getting? No. Does that mean we shouldn't enforce our laws designed to protect the bottom 99% from being screwed over by the top 1%? No. Does this mean that corporations should be given a free pass donating as much campaign money as they want, which is obviously having an effect on our crippled and corrupt political system? No. Link to comment Share on other sites More sharing options...
Prosperity Posted October 7, 2011 Share Posted October 7, 2011 if wages dropped so low all these American ceos would go become ceos in other countries like China Link to comment Share on other sites More sharing options...
Burgold Posted October 7, 2011 Share Posted October 7, 2011 No, but if I was President of the Board I certainly wouldn't mind linking CEO pay to company performance, but CEO pay should not be capped officially. Another thing I dislike, but shouldn't be legislated are golden parachutes. Link to comment Share on other sites More sharing options...
SnyderShrugged Posted October 7, 2011 Share Posted October 7, 2011 Curious if the $400k cap is everyone's cap too? Mine, yours, Warren Buffet's, Andrew Luck's, Tom Brady's, "Insert random music or movie star here", etc??? You must support equality, right? Link to comment Share on other sites More sharing options...
Mursilis Posted October 7, 2011 Share Posted October 7, 2011 The severance packages are a enticement for them to accept the position...if ya want to make the argument some board of directors offer too much I would agree...but it is their company to run,not mine So you don't have a 401K or retirement account invested in the market? It may be YOUR company too, and you don't get a say in the matter. Link to comment Share on other sites More sharing options...
Koolblue13 Posted October 7, 2011 Share Posted October 7, 2011 To want to be president, you either have to be power hungry, a true patriot or go in knowing just how many back door connections and riches will come with it, because compared to a CEO, who can do anything he wants at any time on the companies dime, without the entire world knowing your business and having a golden parachute in case things don't work out or you tire of it, just doesn't match up. Link to comment Share on other sites More sharing options...
CrypticVillain Posted October 7, 2011 Share Posted October 7, 2011 The president makes 400,000 a year. Okay, answer me this, how much of that 400k does he spend? Link to comment Share on other sites More sharing options...
Thiebear Posted October 7, 2011 Share Posted October 7, 2011 So Steve Jobs should have made 400k a year? Link to comment Share on other sites More sharing options...
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