An open comment to anyone who thinks that executive’s are over paid:
Sell your shares.
kbiel - 08:10am on 10/16/2007
Well, I think that it would be a better business environment if shareholders were more active.
The Whistler - 09:10am on 10/16/2007
If people were as concerned about high taxes driving up the cost of goods as they are executive pay maybe we could get somewhere.
FreeRepublicans.com - 09:10am on 10/16/2007
People don’t understand that these execs are paid to be skape goats when something goes wrong. Average people don’t understand that concept because most people are paid to do their job and get fired if they mess up.
FreeRepublicans.com - 09:10am on 10/16/2007
If people were as concerned about high taxes driving up the cost of goods as they are executive pay maybe we could get somewhere.
That’s a good point, but even more importantly the market keeps the price of the goods priced in line. Also the labor market makes sure that employees are paid what they need to be paid.
The only parties hurt by high executive pay are the owners.
On the other hand taxes screw everyone. Also when the government works to restrict competition in the market it hurts everyone.
The Whistler - 09:10am on 10/16/2007
Are there executives that are overpaid.
By definition, no. If they aren’t worth their salary, they get fired. The truth is, they negotiate their compensation, and shouldn’t be penalized by the govt if they are good negotiators.
The “gap” between the rich and the poor is necessary and natural. If we had no incentive to make economic progress, why do it?
The neocommies who are attacking executive salaries are doing it to attack the very foundation of our society: economic incentive. When all outcomes are made equal, and no effort bears fruit, we will finally be consigned to the commie “utopia” of mediocrity, just like the govt schools.
But no one will be jealous!
An open comment to anyone who thinks that executive’s are over paid:
Sell your shares.
Well, I think that it would be a better business environment if shareholders were more active.
If people were as concerned about high taxes driving up the cost of goods as they are executive pay maybe we could get somewhere.
People don’t understand that these execs are paid to be skape goats when something goes wrong. Average people don’t understand that concept because most people are paid to do their job and get fired if they mess up.
That’s a good point, but even more importantly the market keeps the price of the goods priced in line. Also the labor market makes sure that employees are paid what they need to be paid.
The only parties hurt by high executive pay are the owners.
On the other hand taxes screw everyone. Also when the government works to restrict competition in the market it hurts everyone.
By definition, no. If they aren’t worth their salary, they get fired. The truth is, they negotiate their compensation, and shouldn’t be penalized by the govt if they are good negotiators.
The “gap” between the rich and the poor is necessary and natural. If we had no incentive to make economic progress, why do it?
The neocommies who are attacking executive salaries are doing it to attack the very foundation of our society: economic incentive. When all outcomes are made equal, and no effort bears fruit, we will finally be consigned to the commie “utopia” of mediocrity, just like the govt schools.
But no one will be jealous!