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Old 06-15-2008, 11:48 PM
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Eric5273 Eric5273 is offline
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The decision to pay high salaries to these CEO's is in fact not being made by the stockholders. It's kind of like a club. Each of these guys are on the board of directors of a number of other companies, and they all vote to pay eachother these outrageous salaries. You've had cases where some of these companies lost huge amounts of money and are laying off thousands of workers, but instead of just firing the CEO, they offer him a $50 million or $100 million severance package.

There needs to be a law stating that the highest paid full-time worker at a company can only earn a certain percentage higher than the lowest paid full-time worker. So make that amount 50X if you want. I'm certainly not saying that everyone should earn the same. But some of these companies are paying the CEO a few thousand times as much as many of the lower workers get paid, and that is just rediculous. I'm sorry, but no full time job is worth a thousand times as much as another.
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