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A lot of people think the top executives are compensated too much. What do you think?
Do you really think, executives like Warren Buffet and Steve Jobs shouldn't be paid in 8+figures? When Steve Jobs came back to Apple, Apple was at the brink of bankruptcy. People were counting the days of it going out of business. He was one of the key factors that turned the company around. If an executive can bring in billions of profits for the company, who cares he or she is paid in 8 figures? I'd say make it 9 please.
When they couldn't bring in the profit, they would lose their job - just like us when we don't perform. I really don't see the problem.
Let's say you are paid at $8/hour while your company's top exec is paid in 8 figures. What rights do you have to complain? If you aren't a shareholder, how is that even your business? You agree to do the work for $8/hour. They didn't force you. If you don't like the pay, either ask for more or walk.
Do you really think you can do their job? Do their work not create more value (profit) for the company? If somehow you are promoted to the CEO's level where you can make 8 figures, how long would you think can last?
A lot of people think the top executives are compensated too much. What do you think?
Do you really think, executives like Warren Buffet and Steve Jobs shouldn't be paid in 8+figures? When Steve Jobs came back to Apple, Apple was at the brink of bankruptcy. People were counting the days of it going out of business. He was one of the key factors that turned the company around. If an executive can bring in billions of profits for the company, who cares he or she is paid in 8 figures? I'd say make it 9 please.
When they couldn't bring in the profit, they would lose their job - just like us when we don't perform. I really don't see the problem.
Let's say you are paid at $8/hour while your company's top exec is paid in 8 figures. What rights do you have to complain? If you aren't a shareholder, how is that even your business? You agree to do the work for $8/hour. They didn't force you. If you don't like the pay, either ask for more or walk.
Do you really think you can do their job? Do their work not create more value (profit) for the company? If somehow you are promoted to the CEO's level where you can make 8 figures, how long would you think can last?
There are also those CEOs who are making 8 figures and the company they work for is not in good financial shape. Also, most CEOs only look at short term profit. Knowing most of them aren't going to be around in 5 years, they make decisions that cost the company lots of money over the long run, but looks very good for the next quarter.
In short I do not think they should be paid anything close to what they are making.
In short I do not think they should be paid anything close to what they are making.
But who would make the decision?
Best is to let the market determine what they should be paid. It isn't always the best, not always fair and not always right but it always beats the alternative of allowing some failed group of government parasitic bureaucrats to determine what people should earn.
I don't see any issues with paying them in variable compensation. The Steve Jobs and Warren Buffetts of the world are worth their weight in gold; they are obviously anomalies.
The executives are accountable to the stock holders. If the stock holders feel that the executive is not worth what they are being paid, they will likely be forced out sooner or later. I think that sometimes employees and stock holders get screwed when these executives manage to get sweet, buttery severance packages while the ship they were supposed to be steering sinks.
There are also those CEOs who are making 8 figures and the company they work for is not in good financial shape. Also, most CEOs only look at short term profit. Knowing most of them aren't going to be around in 5 years, they make decisions that cost the company lots of money over the long run, but looks very good for the next quarter.
In short I do not think they should be paid anything close to what they are making.
If you aren't a shareholder, can't see why that is your concern. Also, if you don't work for the company, how's that your concern?
We all have the same concern, whether you are cashier or a CEO. It's just a job.
Yes, I would say it is absolutely ridiculous how much CEOs are paid today. The above graph demonstrates it, and there are vast regional differences as well: CEOs in Europe or Japan do not make nearly as much in proportion to average worker pay.
Obviously, CEOs should not make as much as cashiers, as CEOs have much more responsibility and far fewer are qualified to be CEOs than cashiers; but a 180x differential between the average production worker and CEO is unacceptable as well.
Dumb thread that's just more rhetorical right-wing nonsense attempting to promote the so-called free market from a discussion the topic creator and I were going back and forth about.
I think if the Executive is being innovate and growing the company or division they are over, then they are woth 7 figures, if it is a large company. Your question is too broad, an exec that works for a Billion $ company will make 7 figures, while an exec working for a 1x Million $ company will make 5-6 figures.
Depends what their actual contribution and motive is as it relates to the company. Too many eye the next quarter, with no consideration for the long term viability of the company.
Investors should assess what the CEO is worth to the company and pay them based on that. I don't see why this is anyone else's business other than the owners and the CEO. If they're paying their CEO 8 figures, that's the risk they take. Whether they should get that 8 figures or not is up to the owners.
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