I believe that the CEOs need to be held accountable - no money left, then you have no money either - give it back! I’m tired of these greedy b$%^^(* getting their money while the underlings get screwed. CEOs at Enron went to jail and had to sell off their earnings (well, Ken Lay did before he dropped dead of a heart attack)... HOLD them accountable! NO compensation for FAILURE!
Since there was no government bailout, it didn’t hurt any one who wasn’t a shareholder. And if you were a shareholder, then it was your job to hold the CEO accountable, if you didn’t, then too bad you lost your money.
That being said, if the CEO is the founder of the company, or a family member then the sky's the limit.
If they don't actually commit fraud then they're welcome to any salary they want. If they run their own company into the ground that's sad but their prerogative. It's these 100 year-old companies where the board is butt-waxing the CEO and visa-verse, that get my goat. Alot of these folks are simply shysters.....but I don't think the government should be involved....the shareholders need to deal with these problems.
“I believe that the CEOs need to be held accountable - no money left, then you have no money either - give it back! I’m tired of these greedy b$%^^(* getting their money while the underlings get screwed.”
I wholeheartedly agree.
For every over-regulated company that “fails” or is drowned by government interference, regulations, laws, taxes etc. there are are millions of private corporations and their CEO’s who create technology and give us our standard of living and keep the economy going despite the trillions wasted by government.
Private Corporations like Intel, Toshiba, Toyota,Google, IBM, National Semiconducter, Ford, GM , GE,Walmart, UPS ,FED EX, Exxon , Merck , created civilization and provided jobs where there was once barren wasteland. Men like Sam Walton, Ford, Michael Dell and Thomas Edison ran companies like this and do they deserve what they earned? Of course and more.
Surely you don’t think government has created this civilizaton? Surely you don’t think the average government educated, semi-illiterate idiot did do you?
It is not any one’s business what a private company wishes to pay a CEO or employee. Government shouldn’t get involved MORE in our economy to force salary restrictions etc. at the point of a gun as they already do affirmative action, regulations, confiscatory taxes etc..
It seems to me what you are saying is Democrat/Marxist class envy and class warfare propaganda.