Should CEO pay restrictions spread to all corporations?

[KRAMERCAT]

Originally Posted by gysmo

do they tell you that china is a capitalist in the world but prevents its onw people from enjoying it chinese people should be allowd to practice capitalism in there country just like the chinese are allowd to practice capitalism in the world

Huh?

[ddmhughes]

I think that executive pay should be limited at all companies. When I graduated college I worked for one of the largest if not the largest conglomerates in the US. The focus was on double digit growth every year for our business unit. All that matter was growing our revinue by 10% or more by the end of the year. Basically how we did this was they bought up smaller manufacurers that made similar products as us then closed down most of their plants and consolidated their operations in as few facotrys as possible. Their was no regard to how the quality of the products would suffer and if this was a product we wanted for the long term. It was just acheiving the desired results for the quarter so that we could achieve that 10% growth by the end of the year. The culture encouraged people to leave after about 5 years and most did after they climbed up the latter.

There has to be something were people are awarded for adding long term value to a company not what they add quarter to quarter.

[clb10]

Originally Posted by odinloki1

I find any system amusing that will pay a heart surgeon, brain surgeon or ER physician 1-2 percent of the salary that a numbers cruncher or stock investor can make, which is really what these CEO's are, and the CEO's get better hours and more perks.

Wonderful prioritizing in this country.

I think this is why most Americans have no problems with forcing these millionaires and billionaires to pay a reasonable 50% capital gains tax on all earnings above $3,000,000.

The money could go towards medical research and school infrastructure improvements.

[Roadking2003]

Originally Posted by KRAMERCAT

The main justification for the exhorbitant pay that American CEOs receive is that they made the company do well.

No, that's not true at all. The only justification needed is they deserve to get what they legally can and we don't need government telling us what to pay anybody.

It really is that simple.

[Roadking2003]

Originally Posted by clb10

I think this is why most Americans have no problems with forcing these millionaires and billionaires to pay a reasonable 50% capital gains tax on all earnings above $3,000,000.

The money could go towards medical research and school infrastructure improvements.

Or it could go to Obama's buddies at Solyndra.