Do Auto Executives make too much, at the expense of the workers?
#16
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It's utterly insane when average CEO in the US got paid for 500 times of an average worker while the UK and Japanese CEO got paid about 28 and 11 times, respectively, more than an average worker. It's a huge gap between the US and other countries.
#18
stock ownership
Most of the compensation for CEOs comes in the form of restricted stock bonuses. The interesting fact here is about 20 years ago shareholder activists started to insist corporate executives compensation be tied to the stock performance, have some skin in the game so to speak. The unintended consequence of this is many publicly traded companies are run by people that are so short term focused, because of the stock ownership, that good long term planning and execution are gone. Asian companies, Japan, Korea and China based, have a much different focus.
In the end most people would be happy with a performance based compensation structure for almost any job, teachers, public workers etc. Unfortunately unions are much more likely to demand guaranteed wages, no matter what the quality of the work is.
CEO who are overpaid but made shareholders money as well isn't perfect but it does make sense to a point. The extreme case is Apple, any shareholder for the last 10 years probably thinks Steve Jobs wasn't paid enough! But there are others who haven't delivered and still walked away with a fortune which is just plain wrong.
JTMav
In the end most people would be happy with a performance based compensation structure for almost any job, teachers, public workers etc. Unfortunately unions are much more likely to demand guaranteed wages, no matter what the quality of the work is.
CEO who are overpaid but made shareholders money as well isn't perfect but it does make sense to a point. The extreme case is Apple, any shareholder for the last 10 years probably thinks Steve Jobs wasn't paid enough! But there are others who haven't delivered and still walked away with a fortune which is just plain wrong.
JTMav
#19
Pole Position
Absolutely agree. It's so easy to want to spend other peoples money. But as I've said before if he didn't have the right team around him AM would not have gotten it done either. I bet the rest of the team (more than 1 level down) didn't do nearly as well.
#20
the way i see it, you get paid less for contributing more to the advancement of our society and mankind
#21
Lexus Test Driver
Have you priced some new Fords lately? A top-line Explorer, with options, can run 50K. And you won't want to know how much a new F-150 King Ranch, with options, can run.
I agree, but that price shouldn't be so high that it can (or does) negatively impact on other needed-funds in the company. One has to think of more than just himself or herself...a CEO's job is not an excuse for an unlimited gravy-train.
I agree, but that price shouldn't be so high that it can (or does) negatively impact on other needed-funds in the company. One has to think of more than just himself or herself...a CEO's job is not an excuse for an unlimited gravy-train.
#22
Lexus Test Driver
There are a lot of people in this world that add little or no value to society (kardashians) but make 500x what a cancer researcher does.
It is what it is, find a way to make more money or live within your means, worrying about everyone else is useless.
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