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

Skip to comments.

Are CEOs overpaid?
WorldNetDaily.com ^ | Wednesday, March 2, 2005 | Walter E. Williams

Posted on 03/02/2005 3:13:38 AM PST by JohnHuang2

Are CEOs overpaid? Posted: March 2, 2005 1:00 a.m. Eastern

© 2005 Creators Syndicate, Inc.

In the wake of the Enron and WorldCom corporate scandals, the purveyors of envy have found another opportunity to preach about what they consider the evils of high CEO salaries, retirements and bonuses. After all, according to them, evil must be afoot when a corporate executive earns more in a week that the average worker earns in an entire year. Let's look at it.

Dishonest Enron and WorldCom CEOs are rare among corporate executives. As such, all CEOs shouldn't be tarnished for the misdeeds of a few any more than we'd tarnish all newspaper reporters because a few among their ranks were liars like the Boston Globe's Patricia Smith and Mike Barnicle, Jayson Blair of the New York Times, and the Washington Post's Janet Cooke.


TOPICS: Editorial; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-105 next last

1 posted on 03/02/2005 3:13:38 AM PST by JohnHuang2
[ Post Reply | Private Reply | View Replies]

To: JohnHuang2

No...


2 posted on 03/02/2005 3:14:17 AM PST by dakine
[ Post Reply | Private Reply | To 1 | View Replies]

To: dakine

So does Madonna, A-rod, Julia Roberts etc... You rarely hear about the "injustice" concerning the entertainment types.


3 posted on 03/02/2005 3:17:08 AM PST by Wristpin ( Varitek says to A-Rod: "We don't throw at .260 hitters.....")
[ Post Reply | Private Reply | To 2 | View Replies]

To: JohnHuang2

most are definately NOT overpaid. But sometimes, one does wonder why in 1 or 2 cases failure is rewarded. I've heard of payment deals with guaranteed bonuses (how can a bonus be guaranteed???). The role of a CEO should be neither underestimated nor overstated. You can't always blame a bad year on the economy or other external factors whilst you always take the credit for a good year.


4 posted on 03/02/2005 3:17:55 AM PST by William of Orange (Liberalism: killing babies good, killing criminals bad...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wristpin

According to the liberals, anyone making more than another person is overpaid.

After all, we should all be paid exactly the same regardless of the work --- "it's only fair".

The exception would exist for the 'enlightened' that need to lead us --- they will make much, much more and it will never be enough for the good intentions they attempt to ram down our throats.


5 posted on 03/02/2005 3:19:50 AM PST by Erik Latranyi (9-11 is your Peace Dividend)
[ Post Reply | Private Reply | To 3 | View Replies]

Comment #6 Removed by Moderator

To: JohnHuang2

Some are and some are not!

Are dish washers over paid?

Some are and some are not!

Blanket statements are wrong!


7 posted on 03/02/2005 3:22:32 AM PST by HuntsvilleTxVeteran (Rush agrees with me 98.5% of the time!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: HuntsvilleTxVeteran

There you go.

Are the dishes clean and are there enough?

Not clean - over paid

not enough - over paid

It is hard for me to see with all of this steam but I think
the picture is clear.

Some are and some are not.


8 posted on 03/02/2005 3:29:26 AM PST by cleo1939 (Once a crack pot ....can't get any better than that.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: HuntsvilleTxVeteran

Exactly. The only way to judge if a person is overpaid in any profession is by performance. It doesn't always work that way, but that's the best way to measure if someone is worth what they make.


9 posted on 03/02/2005 3:30:07 AM PST by Cagey
[ Post Reply | Private Reply | To 7 | View Replies]

To: HuntsvilleTxVeteran

Blanket statements are wrong!

ROTFLM*OWSCAOCOTK


10 posted on 03/02/2005 3:31:50 AM PST by An.American.Expatriate (Life is sexually transmitted.)
[ Post Reply | Private Reply | To 7 | View Replies]

Comment #11 Removed by Moderator

To: William of Orange

The bonus is guaranteed in a contract. If companies don't want to pay those bonuses, don't offer such contracts.

Really it's none of media liberals' business who makes what, as long as the money is made legally.


12 posted on 03/02/2005 3:33:10 AM PST by Pete98 (After his defeat by the Son of God, Satan changed his name to Allah and started over.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: JohnHuang2

Williams presents two or three examples and then makes the blanket statement that CEOs are not overpaid. That is just as stupid as someone taking two or three examples and saying that they are.


13 posted on 03/02/2005 3:37:28 AM PST by Non-Sequitur
[ Post Reply | Private Reply | To 1 | View Replies]

To: JohnHuang2

At any given moment the CEO, you, and the guy who pours soup into his shoe on my subway platform is worth as much or a little as someone is willing to pay.


14 posted on 03/02/2005 3:38:22 AM PST by durasell (Friends are so alarming, My lover's never charming...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JohnHuang2
Yes they are,


CEO overcompensation is not a regulation problem, but an education problem. Once people wise up and stop buying the confederate money they print; the overcompensation issue will solve itself.


F H
15 posted on 03/02/2005 3:40:00 AM PST by Fish Hunter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fish Hunter

I dont think they are overpaid ... Sure there are bad apples and failiures but you simply cant compare it to those that are very good. Buffet comes to mind with his 1 mil fixed salary and many others from Gates to the Google founders as well as the Amazon ceo who burned his own future to carry the company through the survival stages.


16 posted on 03/02/2005 3:51:07 AM PST by eluminate
[ Post Reply | Private Reply | To 15 | View Replies]

To: dcuddeback

""Blanket statements are wrong!"

Was that for this issue in particular, or is it a blanket statement? "

LOL

Some are and some are not!


17 posted on 03/02/2005 3:54:33 AM PST by HuntsvilleTxVeteran (Rush agrees with me 98.5% of the time!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: HuntsvilleTxVeteran

In my opinion, anybody able to convince another human being they are worth $40 million a year -- and keep a straight face while doing it -- is worth every penny.


18 posted on 03/02/2005 3:58:01 AM PST by durasell (Friends are so alarming, My lover's never charming...)
[ Post Reply | Private Reply | To 17 | View Replies]

To: JohnHuang2

Considering they get bonuses even when they preform poorly, probably.


19 posted on 03/02/2005 4:00:05 AM PST by Duke Nukum (King had to write, to sing the song of Gan. And I had to read. How else could Roland find the Tower?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Erik Latranyi
"According to the liberals, anyone making more than another person is overpaid."

Unless they're part of the limo liberal crowd like the Hollywood types or that Heinz woman....

Just to tag on here while I don't put a lot of stock in head study stuff I often wonder why well paid liberals are in favor of higher taxes. Sometimes I think it's because they make so much money it has no value to them; If they pay $200k it's nothing but for a family making $50k even $2k can be a lot.

Or maybe it's because they're insecure and don't think that they have really earned it (easy for me to see since they get paid to pretend they're someone else reciting the words of others) so they don't feel like they "earned" it.

As for CEO's when I was in a management position I worked 20 hours a day, 7 days a week (one year I had a total of 18 days when I didn't go into the office) and was always stressed out over earnings and working to make sure we didn't have to lay anyone off, etc. I wasn't paid seven figures, but I felt like I earned every penny.

20 posted on 03/02/2005 4:02:47 AM PST by Proud_texan
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-105 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

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