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To: TopQuark
I saw this argument in a 1999 paper by Jay Lorsch.(*

If the stadium and team aren't subsidized with my tax money, and they can find enough people to pay the money to advertise/watch them perform, I have no problem with athletes/actors/owners etc. making as much as they want. Adam Sandler's movie bombs - his salary take on the next one goes down.

That's not what the CEO does. In fact, the athlete/actor is more comparable to the factory worker than the CEO. The team owner/production studio is the CEO in your analogy. The CEO's talent is not comparable to an athlete's or an actor's. And CEO's are not held responsible for poor performance monetarily. At least they haven't been over the past 2 decades.

However, if there is a shortage in the CEO talent pool here in America - I suggest we open THAT field to H1-B applications immediately. Of course, we will need to take care of the cronyism in the boards first.

Comparisons with the average worker's salary is the Marxist theory of value; it is the favorite criterion in Europe.

Greed good ... personal responsibility bad.

88 posted on 12/26/2002 8:16:22 PM PST by optimistically_conservative
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To: optimistically_conservative
That's not what the CEO does. In fact, the athlete/actor is more comparable to the factory worker than the CEO. The team owner/production studio is the CEO in your analogy. The CEO's talent is not comparable to an athlete's or an actor's. And CEO's are not held responsible for poor performance monetarily. At least they haven't been over the past 2 decades.

I an not sure I understood this point. Could you please explain when you have a chance?

91 posted on 12/26/2002 8:21:44 PM PST by TopQuark
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