It's the same reason politicians can screw the people and get re-elected over and over again. The stockholders need to throw out the board of directors and start fresh.
There should be some formula for max pay, I just don't know what it is. 400x lowest salary? Maybe. What if the company loses 10 billion should he still get 10 million? --- On Fri, 8/28/09, MB Software Solutions, LLC <[email protected]> wrote: > From: MB Software Solutions, LLC <[email protected]> > Subject: Re: [OT] I see Congress flexing some mussle > To: "ProFox Email List" <[email protected]> > Date: Friday, August 28, 2009, 1:06 AM > Michael Madigan wrote: > > Mike, > > > > Almost all companies take Government money in some > form. Should companies that sell to the Government > also limit their CEO pay? > > > How about a rule that says the CEO cannot make more than > 400x the lowest > paid worker. That might sound harsh, but > c'mon...400x. That's FOUR > HUNDRED TIMES. So in ONE DAY'S WAGE, the f*cking CEO > makes more than > Janitor Jim makes ALL F*CKING YEAR. Say Janitor Jim > makes $25,000 per > year. That means the CEO cannot make more than > $10,000,000. Now you > and I both know that there are CEOs out there who are > basically RAPING > the system with their salaries that are much much higher > than that. And > I cannot for the life of me understand why/how they can > negotiate > compensation "golden parachute" packages that allow them to > profit > HIGHLY when they f*ck up and get fired. That's just > plain insanity in > the "good ol' boys club" of corporate America. Total > bs, imo. > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: http://leafe.com/mailman/listinfo/profox > OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
