At 12:07 22-7-01 -0400, Dean Forster wrote:
> > In the last few years, the top management of large companies in The
> > Netherlands have received an awful lot of criticism because of the
> > outrageous annual pay raises they give themselves. Those manager's
> > salaries are already measured in millions of guilders, but raises of
> > 20%, 30%, or in the case of ABN-AMRO (a major bank) even almost 50%
> > (!) happen every year. At the same time, these same managers call in
> > unison "we can't afford that" or "that would hurt the economy" when
> > the unions want a mere 3-4% raise for the workers.
>
>I'd think that these sort of abuses can be cut back if your government
>and people embrace private industry and understand it better instead of
>saying 'eew, capitalism!' Though I suspect that's happening already.
Er, Dean, did you really read my post? Your beloved private industry is
exactly where this excessive self-enrichment takes place! The government is
not involved in determining the salaries and pay raises of top managers in
private industry.
So, why should we "embrace private industry" if these outrageous practices
take place in that same private industry?
Jeroen
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