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I'd say no. We can't compartmentalize things like this. I fully support bringing in foreign talent but the logic is flawed. I want lower wages across the econom

I'd say no. We can't compartmentalize things like this. I fully support bringing in foreign talent but the logic is flawed. I want lower wages across the economy but the conversation must start in the board room. Nobody, other than the investor, should be making more than a certain multiplier of the minimum wage. The CEO who got fired from HP and went on to be the CEO at Oracle? Is there a shortage of CEOs? I'm sure if you look within your organization, you'll find at least one person willing to bite the bullet and become your next CEO if you need. Sorry if this was a little off topic. I feel uneasy about our growing inequality in our economy but we can't fix it outside of the boardroom. Did you know that board members get paid? I surely didn't until not too long ago. Why do they get paid? I mean I'm not talking compensation for travel. I'm talking six figure compensation. Do we have a shortage of people who are willing to sit on your board?

yahna 9y ago
I'm okay with CEOs making more money, but what I can't stand is the golden parachutes and lack of responsibility.
- saint_fiasco 9y ago
  Apparently they do that because otherwise CEOs would never take risks, for good reason. You can't be CEO of several companies, so a CEO is fully invested in the success of that one company. From the point of view of a CEO, it makes sense for the company to not take risks. On the other hand, investors can invest in diverse companies and expect some of them to fail and some of them to win big. From the point of view of an investor, it makes sense for the company to take risks. Therefore investors pay CEOs a lot and give them golden parachutes to prevent CEOs and investors from having opposite incentives.
  - thanksgiving 9y ago
    I am not ok with a golden parachute at all, especially for people like John Thain but also for all publicly traded companies.
  - watwut 9y ago
    What exactly is risk here? That the person is looking for another job (which tends to be succesfull) and the he is not super uber rich, just very rich? I give you that being good ceo is hard and all that. But seriously, calling it financial risk is ridiculous.

yahna 9y ago

I'm okay with CEOs making more money, but what I can't stand is the golden parachutes and lack of responsibility.

saint_fiasco 9y ago
Apparently they do that because otherwise CEOs would never take risks, for good reason. You can't be CEO of several companies, so a CEO is fully invested in the success of that one company. From the point of view of a CEO, it makes sense for the company to not take risks. On the other hand, investors can invest in diverse companies and expect some of them to fail and some of them to win big. From the point of view of an investor, it makes sense for the company to take risks. Therefore investors pay CEOs a lot and give them golden parachutes to prevent CEOs and investors from having opposite incentives.
- thanksgiving 9y ago
  I am not ok with a golden parachute at all, especially for people like John Thain but also for all publicly traded companies.
- watwut 9y ago
  What exactly is risk here? That the person is looking for another job (which tends to be succesfull) and the he is not super uber rich, just very rich? I give you that being good ceo is hard and all that. But seriously, calling it financial risk is ridiculous.