| canch said: Think about it, your a hard working person who earns a low wage and who stuggles to pay for your mortage, bills and fuel and then you hear that top bank bosses, CEO's and so fourth earning million's upon million's of dollars including bonus while they laying off its work force to save mony. And knowing the money comes from the bailout. This makes people angry, the working classes mostly (which in the long run is not good for the stabiliy of the country). I heard that the CEO from GM motors earns like $16 million dollars a year, while the company is losing millions and has cut the pay for its workforce. |
While it's questionable if they are worth it, here is how it works.
Think of a football team. You have the trainers, marketing department, coaches (other then head coach), grounds keepers, the list goes on....
None of them make huge sums of money. Then you have the players. The owners are willing to pay these players enormous sums of money because they feel there is a chance that having them on there team will give them a return on there investment that's greater then the cost of the player.
Sometimes they are right, sometimes they are wrong.
Same goes in business. The CEO of these companies don't set there own salaries. They are people that the owners of these companies feel will give them a return on there investment greater then there cost.
Sometimes they are right, sometimes they are wrong.
When you cut a football player from your team, people don't seem to care that he still gets his bonus (a bonus put in place to get him to come to the team in the first place), why care in other areas of business?
