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Jobst
On Fri, 08 Sep 2017 14:34:52 -0500, AMuzi wrote:
On 9/8/2017 10:22 AM, Frank Krygowski wrote: On 9/7/2017 11:27 PM, John B. wrote: On Thu, 7 Sep 2017 11:16:11 -0700 (PDT), Frank Krygowski wrote: OTOH, I also don't see any sense in corporation CEOs getting paid hundreds of times what their professional workers get paid, or paying a lower percentage of their income in taxes. Other country's corporations seem to thrive with much smaller relative pay scales for CEOs. What would be an equitable wage for a chap managing a world wide business with 11,600 stores in 28 countries, employing 2.3 million people with annual revenues of 480 billion dollars and a net income of 14.69 billion? Well, as a very rough guess, I'd limit it to something like 20 times what an average employee earns. Or perhaps $500k per year. After all, what's an equitable wage for the president of the most powerful country on earth? Seems $400,000 is enough to get lots of serious applicants, and I've not seen evidence that a pay raise would generate any better quality applications. Besides, what does a person do with more than $500,000 per year? Does it make him happier? Does it generate any good for society? I very much doubt it. I also doubt it generates any good for a corporation's investors. From what I can tell, CEO pay does not correlate well with corporation performance. This guy still makes too much, in my opinion; but he makes less than a great many CEOs of large corporations, while outperforming them. http://www.reuters.com/article/us-sw...85D0R920120614 "what does a person do with more than $500,000 per year? " Easy question! http://www.spacex.com/ At any rate if the Board and/or shareholders think they can get same or better returns with less compensation they may well hire someone else. And they are free to do so on any given day! And frequently they do :-) -- Cheers, John B. |
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