3 ms·

Which is why the CEO's of Toyota, Honda, etc make around 1 million USD per year, and are actually able to manage a company successfully? People aren't bitching

by Psyonic 18y ago

Which is why the CEO's of Toyota, Honda, etc make around 1 million USD per year, and are actually able to manage a company successfully? People aren't bitching about 1 million a year. Unfortunately, excessive bullshit like the Home Depot situation is more common than you'd apparently like to believe.

callmeed 18y ago
Ok, first of all, you just listed 2 Japanese companies. Not really germane to the article or my comment. Second, neither Honda or Toyota appear to publish their executive salaries (at least I couldn't find them on financial sites). If you have a source for the $1M salary claim, I'd love to see it. Third, according to the links below, median CEO pay is $8.2M for Fortune 1000 companies and $2M for a larger sampling. http://tinyurl.com/5rmlwx http://tinyurl.com/5rmlwx http://tinyurl.com/556enm http://tinyurl.com/556enm I'm all for companies being responsible in regards to CEO pay–I just think that portion of the original article is misleading and unqualified.
- tc 18y ago
  I went looking. The article I found is interesting in its own right: "Engineers Rule: At American auto companies, finance guys and marketers rise to the top. Not at Honda." http://news.ycombinator.com/item?id=366709 http://news.ycombinator.com/item?id=366709 From the article: "Honda doesn't disclose executive pay in detail, but the sum of salaries and bonuses that Fukui shares with 36 board members, $13 million, is just about enough for the boss at a big American company." also: "Honda has never had an unprofitable year. It has never had to lay off employees."
  - callmeed 18y ago
    Interesting ... thanks for posting. I think it's safe to say that Ford/GM's lack of profitability has little to do with executive pay and much more to do with labor costs, efficiency, and product demand.

3 ms·

Which is why the CEO's of Toyota, Honda, etc make around 1 million USD per year, and are actually able to manage a company successfully? People aren't bitching

by Psyonic 18y ago

callmeed 18y ago
Ok, first of all, you just listed 2 Japanese companies. Not really germane to the article or my comment. Second, neither Honda or Toyota appear to publish their executive salaries (at least I couldn't find them on financial sites). If you have a source for the $1M salary claim, I'd love to see it. Third, according to the links below, median CEO pay is $8.2M for Fortune 1000 companies and $2M for a larger sampling. http://tinyurl.com/5rmlwx http://tinyurl.com/5rmlwx http://tinyurl.com/556enm http://tinyurl.com/556enm I'm all for companies being responsible in regards to CEO pay–I just think that portion of the original article is misleading and unqualified.
- tc 18y ago
  I went looking. The article I found is interesting in its own right: "Engineers Rule: At American auto companies, finance guys and marketers rise to the top. Not at Honda." http://news.ycombinator.com/item?id=366709 http://news.ycombinator.com/item?id=366709 From the article: "Honda doesn't disclose executive pay in detail, but the sum of salaries and bonuses that Fukui shares with 36 board members, $13 million, is just about enough for the boss at a big American company." also: "Honda has never had an unprofitable year. It has never had to lay off employees."
  - callmeed 18y ago
    Interesting ... thanks for posting. I think it's safe to say that Ford/GM's lack of profitability has little to do with executive pay and much more to do with labor costs, efficiency, and product demand.