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Old 05-23-2008, 08:40 AM
 
413 posts, read 782,545 times
Reputation: 119

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'Fat cat' bosses get staggering 33% pay rise and now earn 200 times average worker | Mail Online

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Old 05-23-2008, 09:55 AM
 
Location: Sacramento
14,044 posts, read 27,214,577 times
Reputation: 7373
My view is that CEO compensation should be linked to company performance. If the company profits grow 100% than this should be reflected in their compensation. Likewise, poor profit performance should be reflected in lower pay.
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Old 05-23-2008, 10:00 AM
 
20,187 posts, read 23,850,642 times
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That sounds fair NewToCA but a few caveats.. I can understand a CEO's compensation being relative to the performance of the company for a PUBLIC company... as for a private company, I don't see why it should be related to performance of the company since the owners are not the stockholders but the true owners who have only themselves to answer too... I would also like to see reform on golden parachutes as well...
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Old 05-23-2008, 10:44 AM
 
Location: At my computador
2,057 posts, read 3,412,887 times
Reputation: 510
People never cease to amaze me... The intellectual dishonesty certain types resort to for propagandist gain is staggering. That article is full of it.

Quote:
Originally Posted by article
Over the last decade, it says the average pay package of a chief executive of a FTSE 100 company has shot up nearly 300 per cent.
Why didn't they mention that English deregulation has caused a rush of money into their market, the FTSE? Why didn't they mention that, although there's more money being made, it has a lot to do with the fact that London is/has overtaken New York as the world financial center because England has become more attractive compared to American regulation?

Quote:
Originally Posted by article
Official figures show a typical worker got a 3.7 per cent pay rise, although many got even less
Why was this mentioned when it's not related to the subject companies? Doesn't this figure include everyone from the CEO's assistant to some kid in the country shoveling horse manure?


This article could be picked apart all day long. Tragically, it's really an attack against free markets when it's free markets that are making London a player again and bringing a lot of money into the public coffers...
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