Sunday, December 14, 2008
I don't understand why anyone is surprised or shocked about all these CEOs getting tens and hundreds of millions of dollars in salaries and bonuses, and acting like they deserve it. Thirty years or so ago was when it all started, when executive salaries started growing exponentially. People were shocked then, and asked if it made any sense.
Now we have companies employing 100,000 people, and executives of those companies each pulling from the profits their salaries and bonuses equal to 10,000 times the average salary of the workers - and then telling the workers that raises will be low this year because the company isn't as profitable as they'd hoped. Yeah. After your raids, there's nothing left over.
Duh?
The CEO of one company is on the board of other companies, whose CEOs are on other boards - and they award compensation to each other in a big circle. Dividing up the pies. There's something very wrong with that.
Why are people acting like it's news? Why are people just now seeing how unfair it is? Like they hadn't been talking about it and shaking their heads over it for the past thirty years?
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1 comment:
This is why I got out of accounting and payroll. The worst was the pharmaceutical company I worked for. It literally made me ill to be a silent partner to what was going on with salaries, bonuses and perks. It was just awful and morally reprehensible.
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