We're not talking about greed here. We are talking about why they get a golden parachute. There is a finite number of people that are capable of running a large corporation. The laws of supply and demand determine salary and incentives. Capitalism!
Capitalism is not without its own set of principles and rules. Those rules can change. Golden parachutes should be based on performance of a company. It's obscene to give the new CEO millions when the company went bankrupt.
We may have markets, but we do not have absolutely free markets. If we did, then prostitutes would be offering their services on every street corner in America. But they aren't because we have laws against that market in most states, and it is regulated in at least one.
If corporations do not learn to discipline themselves, then the share holders should have more say about golden parachutes. Or the government may start to impose some rules for the sake of controlling the greed of corporate officers.
Wow... So why not a billion dollar CEO? If supply and demand warrant it.
You are acting like human beings aren’t human beings. That everyone is moral and good and nobody scratches anyone’s back.
This dellusion has to stop.. there needs to be checks and balances to greed and highway robbery.
I could of run that company for 3 weeks. I would of sat in my chair and waited for the FDIC to come and takeover.. which they would of anyways.. I would of done it for 500,000. I would of been cheap.