So there is now a growing sentiment among general population and the politicians that we should somehow put a cap on the salaries and bonuses of CEOs. They think that CEOs are getting outrageous financial compensation.
WHY? This is the dumbest shit I've heard!!! Out-freakin'-rageous!
What's next? Overthrow the bourgeoisie and reinstate proletarianism? Burn businesses down and start communal farms? Stamp IDs on people's foreheads and convert them into communist drones? Build Soviet style housing/buildings where the floors aren't leveled? Dress people in uniforms and condemn invidual thoughts?
My gawd.
CEOs of (successful) companies get paid according to their performance and the value they create. If he/she raises the value of the company by a million dollars and gets a $10,000 bonus, is that too much? Probably not. How about a billion dollars and $10 million in compensation? Too much? Why? In both cases, it's only 1%.. except in second case, MORE people got richer and MORE people got hired... and MORE tax was collected... and MORE was given back to society.
What da hell is this wrong with these people? They think somehow their f*cked up poor mentality is virtuous ... as if they were Robin Hoods or something. Robin Hood STOLE from corrupt government officials, not honest businesses.
If anything, Robin Hood, if he were alive, would argue against cap on CEO pay if he saw how generous some of these CEOs are. Voluntary redistribution of wealth, he would argue, is WAY more effective and efficient than that forced by the government. When was the last time you heard Medicare or social welfare running smoothly and without problems? All that does is create dependency and financial liability. It doesn't HELP society. It hurts it.
Tuesday, February 20, 2007
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2 comments:
The only time I get irritated with CEO pay is when despite a good year for the company AND the CEO getting paid, I get told, "No bonuses, no raises, and oh yeah, we want to send your job to Brazil or India." But if they pay me what I'm worth and aren't doing boneheaded things, CEO's can make whatever.
You're right. Those are special cases. But I would say those are extreme cases. People tend to underestimate the efficiency of capitalism.
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