insein
Senior Member
Not all companies are the same. However, when i see a company that pleas to the government for a bailout (i.e. Airlines, Auto Manufacturers, etc) then proceed to layoff 200k people while the CEO remains at the same salary or proceeds to give themselves a higher salary, I have a problem.
All to often there are many CEO's that play the game of snatch and grab with Fortune 500's. They turn a company around with short term investments that yield quick results but ultimately leave a company in far worse shape in 5 years then when they started with the CEO. By then the guy/girl has moved on to another company and proceeded to "turn it around." The ones that get screwed in those large companies are the employees. they make the same wages even if they are union or they get fired due to poor growth. Yet the CEO remains at the same salary.
Everyone deserves the pay that someone is willing to give them and in a corporation, the shareholders need to wield the power and not allow a BOD to manipulate control. Those that don't deserve the losses they recieve. However, when a CEO and a BOD has the power to pay themselves whatever they deem fit, thats a misuse of power. ITs the same as congress voting themselves raises whenever they feel like because there is little accountability for it.
All to often there are many CEO's that play the game of snatch and grab with Fortune 500's. They turn a company around with short term investments that yield quick results but ultimately leave a company in far worse shape in 5 years then when they started with the CEO. By then the guy/girl has moved on to another company and proceeded to "turn it around." The ones that get screwed in those large companies are the employees. they make the same wages even if they are union or they get fired due to poor growth. Yet the CEO remains at the same salary.
Everyone deserves the pay that someone is willing to give them and in a corporation, the shareholders need to wield the power and not allow a BOD to manipulate control. Those that don't deserve the losses they recieve. However, when a CEO and a BOD has the power to pay themselves whatever they deem fit, thats a misuse of power. ITs the same as congress voting themselves raises whenever they feel like because there is little accountability for it.