| Call against high CEO pay grow louder
Calls against big CEO pay grow louder - Yahoo! News Quote:
Corporate boards in recent years have rubber-stamped generous bonus packages for an elite set of executives, a reflection of a go-go stock market and soaring profits. Now, as the credit crisis roils Wall Street and decimates stock prices, shareholders are demanding a voice.
| Notice how the CEO mentioned basically says, Our stock holders are too stupid to have a say in CEO pay. I thought all these CEOs were just working for the "stockholders" and were "accountable to the stockholders". This is what all the "Free Market" people tell me all the time. They tell me I am crazy to believe that CEOs are only interested in enriching themselves. They tell me the Boards of all these companies aren't just groups of like-minded jerks who vote for each others pay raises and ignore what really helps the business. They tell me it is impossible for them to behave this way, because the "stockholders hire them and control them". Seems maybe that ain't the case.
All I see when I look down, something jumpin' on the ground, Scratchin' dirt, cluckin' in the barnyard -
Tell me, could that be you?
John Kay |