Executive salaries

[peasea]

not everyone is jealous of someone with money...

I'm not, generally speaking, and cerrtainly not of those who have earned it.

Three cases; 1) One brother who worked his way up from the shop floor to CEO, 2) Another brother who did a similar thing but isn't a CEO, he's a free agent who does very well thank you and 3) A mate who started renovating an old house with a loan from his granny and now owns many properties.

Am I jealous? Hell no. They earned every cent and I've seen much behind the scenes. Hard work, late nights, stress and parties missed etc. Now they're on the duck's back I'd rather raise my glass to them than poke the Borax.

[Winston001]

Whoa - check out this link from Forbes which is a business magazine and not given to easy criticism of corporate America. In 2008 the average remuneration for the CEOs of the top 500 companies was $11 million each. http://www.forbes.com/2009/04/22/exe...-ceo_land.html

[rainman]

I don't think anyone has a problem with the "normal" scope of management payments in relation to a normal hierarchy. As mentioned, increased responsibiility, experience, technical nouse/skills etc should definitely be rewarded. But when someone can attend 3 board meetings and be paid 100's of thousands of dollars for the inconvenience or can be paid 10's of millions of dollars (100's of times the average salary for what seem to be a murky set of skills that no-one seems able to define and be set for several lifetimes from one years' good bad or indifferent work it's hard not feel that there's something wrong somewhere.

The ability to organise, assess, adjust, make decisions and take responsibility aren't in short supply and aren't displayed in greater proportion by those in elevated positions. They aren't working in hazardous conditions or locations, there are no lives resting on making quick correct decisions etc etc. Sure, there is a fair amount of jealousy involved but there is also a legitimate feeling of injustice at what are obscene amounts of money being paid to individuals whether they perform or not.

Same goes for sports and movie stars. To be paid that sort of money for trivial self serving endeavours is obscene.

Now that is a brilliant post.


BTW this entertaining (albeit somewhat American) post appeared in my reader today. Food for further thought on the topic.

[doc]

"Trickle Down"

Isn't that just another way of saying "being pissed on from a height" ?

Unfortunately Rogers theory never happened. This lead to the phenomenon of "trickle up" which is the reason for this thread.