If the board of directors think that is what they are worth then it’s nobodies’ damn business!
Capitalism warts and all is still ten zillion times better than anything else.
I like how some companies do it.
They require the CEO to heavily invest in their company, so if the company goes down, so does the CEO.
Good, and I hope they give them the biggest, fastest corporate jets possible.
Not a sarcasm. I want our companies to be the richest and most powerful in the world, headed by the best CEO’s money can buy.
Why don’t you tell us how much you earn so we can determine whether we BELIEVE it’s egregious. If you can’t prove CEO salaries are detrimental to the economy, then you are merely showing jealousy.
-Thomas Sowell
While the Middle Class Suffers, Congress is Getting Richer – With Help From Legal Insider Trading
This is more agenda driven science. These numbers are likely cherry picked to bolster the Occucommies.
Pray for America
what are we talking about here Maybe 1,000 top ranking CEO’s in all the US? And yet this is touted as a systemic failure of capitalism?
$250M!
Where's the outrage?
This article is class envy.
".. in many cases executive compensation is egregious"
Really? How much is it costing you?
$250M!
Where's the outrage?
This article is class envy.
".. in many cases executive compensation is egregious"
Really? How much is it costing you?
There's a reason they get the big bucks ...
I invested in a tiny biotech. They were trying to cure some of life’s most devasating illnesses with gene therapy. Never made any money, failed after years and they finally changed directions. Produced a breakthrough or two along the way that were bought by other companies.
During this whole time, the stock message board was a lesson in class envy and idiocy. Constant calls to arrest the board of directors, the CEO was being paid “too much”, and there were constant calls to liquidate the company and give the money (Of course there wouldn’t be any) to the shareholders.
Many of the message board posters admitted they did NOT own stock in the company! That’s what you’re dealing with here.
I invested in that company knowing it was a risk. They brought in a well known and expensive CEO in an effort to achieve credibility in the industry, with government regulators, etc. There will be a hundred or a thousand companies like them down the tubes, and the CEO’s well paid, before one company cures the cancers, heart conditions, childhood diseases, etc., they were working on.
Without the money to be made in that field by CEO’s, researchers, etc., without the risks and these little companies trying and faling, we will never cure the diseases. Nor will anyone make money in biotech without those risks.
But the kooks on the stock message board wanted to pay the CEO nothing, fire him, arrest him, burn the “evil” company to the ground.
“At pharmacy chain CVS, Thomas Ryan made a $28m profit on his options. During Ryan's 13-year tenure as CEO, CVS Caremark’s stock price decreased almost 54%.”
COMMENT:The price of CVS in December 25, 1998 was 27.156 and today $37.04....A 36% INCREASE.
“Ronald Williams, former head of Aetna, a health insurer, exercised 2.4m options for a profit of $50.4m. Aetna’s stock price declined by 70% from when Williams assumed the role of CEO in February 2006 until his retirement.”
COMMENT: Aetna’s stock price in January 2006 was $44.77 and is $39.28 today, a 12% decrease.
The source for my stock prices is GOOGLE FINANCE SITE.
I’m surprised shareholders go along with this. Doesn’t fat pay suck up their dividends?
Sadly an indication that the Obama campaign to gin up class warfare in this country may succeed. And our corporate leaders can be counted on to help the effort along with impeccable timing.
More attempts at class warfare, it is no one’s business how much CEOs make. What ever the make is neither taking money from anyone else or giving it to them. This is BS and goes along with the frickin’ OWS BS, trying to bring down capitalism.