How much should your boss earn?
Posted Oct 13, 2014 10:46
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What do you think?
http://blogs.hbr.org/2014/09/ceos-get-paid-too-much-according-to-pretty-much-everyone-in-the-world/
http://blogs.hbr.org/2014/09/ceos-get-paid-too-much-according-to-pretty-much-everyone-in-the-world/
Posted Oct 14, 2014 10:45
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I think its fine if my CEO gets paid much more than I do, assuming the value that s/he adds to the firm is equitable. If the firm's shareholders believe that the CEO is doing a good job, and have approved the salary, then what's the problem?
I think its fine if my CEO gets paid much more than I do, assuming the value that s/he adds to the firm is equitable. If the firm's shareholders believe that the CEO is doing a good job, and have approved the salary, then what's the problem?
Posted Oct 14, 2014 17:02
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I personally agree, but I think there needs to be a legal framework ensuring that it's really the shareholders who decide (not the board of directors/compensation committee, often consisting of former executive managers).
Some companies keep their executive pay practices secret and don't even let shareholders know about it: http://fortune.com/2014/05/28/what-wal-mart-prefers-to-keep-secret/
Some companies keep their executive pay practices secret and don't even let shareholders know about it: http://fortune.com/2014/05/28/what-wal-mart-prefers-to-keep-secret/
I personally agree, but I think there needs to be a legal framework ensuring that it's really the shareholders who decide (not the board of directors/compensation committee, often consisting of former executive managers).
Some companies keep their executive pay practices secret and don't even let shareholders know about it: http://fortune.com/2014/05/28/what-wal-mart-prefers-to-keep-secret/
Some companies keep their executive pay practices secret and don't even let shareholders know about it: http://fortune.com/2014/05/28/what-wal-mart-prefers-to-keep-secret/
Inactive User
Posted Oct 16, 2014 16:35
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I agree that transparency is key here. If a company, like Wal-Mart, is publicly traded, there should be rules in place that force them to make this information public. It baffles me that the exchanges don't have something like this in place already.
I agree that transparency is key here. If a company, like Wal-Mart, is publicly traded, there should be rules in place that force them to make this information public. It baffles me that the exchanges don't have something like this in place already.
