Source: Kansas City Business Journal
quote: I just don't understand how you can be a capitalist and believe in the free market yet seem to run with a lot of anti-big business talking points. How you can reconcile those two are interesting but kind of frustrating.
quote: There is only one or a handful of CEO's in a company. There could be tens of thousands, or even hundreds of thousands of employees. Simple logic dictates that, for obvious reasons, your idea of proportional compensation would cause an unsustainable increase in the cost of operations. Very few, if any, companies could stay in business if this were to happen.
quote: Okay there it is again. "Deserve". I keep seeing all these Liberal buzzwords being used, getting nervous here. Fairness, greed, deserve and "absurd" salaries.
quote: How about authors like Tom Clancy. Isn't it "absurd" that someone sitting on their ass making up stories can get that rich?
quote: Thus, pay has to fit in with operational costs while still allowing either a break even or profit. What I was getting at was say you have an average base salary of 30k, the CEO is locked to that base with a multiplier, decided by not only the board (we'll get to that) but by shareholders as well. As it is right now, many CEO's are getting 150-300 times the pay of that average (not all) which is asinine in itself.
quote: I would hope you don't, as I don't belong in that category. I realize the CEO spot takes a special person to do the job. Most people aren't cut out for it and the 24/7 sacrifice they put into their position is insurmountable and unimagineable by most. I know CEO's and have been around them for my whole life. What I don't like is greed.
quote: My point is to get rid of boards deciding compensation completely and put it up to shareholder vote.
quote: You make it sound like CEOs are the messiah when in reality, only 1 in 10,000 are _that_ good.