Kasz216 said:
Zappykins said:
Unions aren't the problem. It's is corporate greed and out of control top employee compensation. The uses to be a rule that the lowest paid employee couldn't be more than 16 times the highest paid employee. In the USA today, it is sometimes over 3,000 times! Unless you have cured cancer, I see no reason to justify paying some executive a 50 million dollar salary.
When Hosted filed bankruptcy a few years ago, 110 million dollars that should have gone back into the business gone. And the executives have been giving themselves hansom raises - even in the past year!
I know it seems like the Unions are evil - but they are the only thing holding the people that actually make the stuff to be treated as surfs or worse. As much as it pains me to say it - I was brought up thinking unions were evil and just caused companies to go bankrupt. It propaganda from the richie-rich that are blaming the workers.
As business need to know and treat it's talent well. Hostess is just an example of vulture capitalism. |
Back then coprorations were smaller and worth much less.
A 50 million dollar salary certainly fair if the company is making 50+ billion a year.
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And imagine how much good they could be doing if those 50-million-a-year fat-cats were only taking 500,000 a year (still more than enough to be beyond comfortable) and investing the rest of it in R&D or more hiring or more development? How many employees could you hire with 49.5 million?
The bulk of major executive compensation should be in stock options. That way if they really want to get rich, they have incentive for their company to do well, instead of the "plunder and ditch in your golden parachute" philosophy that far too many businessmen have.
