Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: LowCountryJoe

If Tiger Woods or other professional athletes and entertainers can earn tens of millions of dollars why aren’t intelligent heads of large business not also entitled to that sort of pay?


18 posted on 12/26/2007 1:43:44 PM PST by the_devils_advocate_666
[ Post Reply | Private Reply | To 1 | View Replies ]


To: the_devils_advocate_666
Because, according to The Huck, they’re just not. Look, if I believe — hypothetically as a member of the board of directors of a company — that one particular CEO’s presence within our company, through his/her direction and strategic thinking, would net the company an additional $25 million or more in revenue [enough to generate even just a one dollar increase in my after-tax net profits], I hire him or her for $20 million. It is that simple!
22 posted on 12/26/2007 1:48:40 PM PST by LowCountryJoe (I'm a Paleo-liberal: I believe in freedom; am socially independent and a borderline fiscal anarchist)
[ Post Reply | Private Reply | To 18 | View Replies ]

To: the_devils_advocate_666

“If Tiger Woods or other professional athletes and entertainers can earn tens of millions of dollars why aren’t intelligent heads of large business not also entitled to that sort of pay?”


Tiger and a lot of rich celebs make big money for a lot of other people. There isnt a CEO that makes its company more money than the big celeb endorssers do

Its nuts for any company to pay a CEO a huge salary, esp if the company doesnt make a profit.

Who do you think is more important to their company...Rush Limbaugh or the CEO of Premiere/Clear Channel? Who do you think makes more money for the comapny....Rush or the CEO? At 25 million per year...Rush is underpaid (and I am not figuring in the billions many have made off the sales of AM radio stations...which were dead in the water before Rush became big)

I cannot understand the fascination of people who support big CEO pay. They are just another employee of a company...and usually a very expensive and profit-killing one.


46 posted on 12/26/2007 2:51:28 PM PST by UCFRoadWarrior (Duncan Hunter for President: Lets Build That Border Fence)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson