CEOs are grossly overpaid

[Taverner]

This is kind of related to another thread here - as in, why do the Bags think Firemen, Teachers and everyone else is grossly overpaid, with their Big Five-Digit Salaries, but CEOs with their seven-digit ones - nope, they work hard for that money...

[CoffeeCat]

1. Not too many years ago...

...most CEOs made a few million a year. CEOs were handsomely and fairly compensated for running
companies. However, they were not paid $40 million...or $60 million per year like they are today.

What has changed is the Board of Directors of the biggest companies. They used to prevent this
kind of over-compensation. Now, the corporations stack their boards with *each other* and they
all allow each other to be paid these exorbitant salaries. It's corporate incest run amok. They
all protect each other and grow very rich by controlling CEO and executive salaries as board members.

And of course, these same board members ensure that the serfs working in the lower echelons and even
in middle management, are working three times as hard for minimal pay, while their benefits are chipped
away each year.

Those mucky mucks--they've got a sweet game going on. :mad:

[dkf]

2. The people who get ripped off by CEO salaries are the stockholders, not the general public.

Shareholders should be the ones leading the charge, especially the pension plans. It beats my why we don't see this.

[Kablooie]

3. Oh, well you see CEO's work hard for their money. Firemen and teachers don't ... I guess. Uh...huh?