Thursday, February 05, 2009

CEO Salary Caps (CSC)

The CSC is way over due, what is the point of a reward if one gets it either way, good or bad performance? This is like finance aid in college, if one was going to school with his own money then he(or she) would only have to maintain the minimums of the college just to stay in say D or really really work hard since his(her) parent’s money is on the line and they get to account to them when they get to go home to do laundry. However, if one was on finance aid they would have to maintain an average of B to maintain the finance aid thus working hard to keep it. This is the same thing that we (the people) are telling the banking industry. CEOs can not and should not be allowed to make those obscene incomes while their work is not at par. Some have started crying that the CEO will leave, and go where? UK? FYI, UK’s CEOs don’t get paid that much, Germany? They can’t speak German and even if they did Germans don’t like the big pays either. Ahh…France? As I was saying before I was rudely interrupted by France, they are at the end of the line in terms of a country that will accept them. So to those who argue that they should be paid to stay, I ask them what happens if they don’t get the pay. Leave? Yeah let them leave maybe we will have young blood who can really work rather than go golfing when the ship is sinking.

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