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Most CEO's of public companies have a guaranteed base in their contract. Home Depot, for example, guarantees their CEO something like $10 or $20 million over X many years regardless of how the company performs.
And here I am pointing out hypocracy.
Some people believe what the employee did was fine because the comany was profitable, and thus they "deserve" their fair share, but if you think the CEO isnt entitled to as much as they can make as well, then you're a hypocrite..
Quote:
Originally Posted by lycos679
Of course, but you claimed public CEO's take a pay cut if the economy turns south, but that is uncommon.
Not at all.. In fact I specifically stated equity because most CEO pays are equity based and with economies collapsing and stock market prices falling, their pays fall as well.
This is why a lot of CEO's take very small salaries (relatively speaking of course) and then try to bank as much stock as possible.
Good years their pays are through the roof, bad years they are bad, but because they have equity, they can usually wait out the economy.
Some people believe what the employee did was fine because the comany was profitable, and thus they "deserve" their fair share, but if you think the CEO isnt entitled to as much as they can make as well, then you're a hypocrite..
That's not my position. I just don't care that this guy is trying to get a piece of the pie. I don't think he has much room to stand on given his job can be preformed from India, but the he and other employees are entitled to ask.
Quote:
Originally Posted by pghquest
Not at all.. In fact I specifically stated equity because most CEO pays are equity based and with economies collapsing and stock market prices falling, their pays fall as well.
This is why a lot of CEO's take very small salaries (relatively speaking of course) and then try to bank as much stock as possible.
Good years their pays are through the roof, bad years they are bad, but because they have equity, they can usually wait out the economy.
You said they take a pay cut, but that is unusual. If you read through the annual statements most CEO's have a guaranteed min that they get regardless of how they perform.
Quote:
Originally Posted by pghquest
They usually do..
When companies lose money, not only do CEO's usually take a pay cut, they take a massive loss of equity with collapsing stock values.
your turn..
Last edited by lycos679; 10-14-2014 at 10:37 PM..
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