Quote:
Originally Posted by Edmond_Outsider
Remedies? As a stock holder, it burns me up that we pay
executives as much as we do.
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Wife and I, too, are stock holders. We also have several mutual
funds in our IRA portfolio.
The object of a business is to make money for the owners. If the
executives can make decisions to increase the amount of money
we make it shouldn’t make any difference how much they get paid.
We want the corporation to hire the best person for the job. If
paying, what some believe to be, an unreasonable salary with all
the perks, then we’re all for it. Make us money so
we don't have to
rely upon socialistic insecurity.
Quote:
Originally Posted by Edmond_Outsider
Executive pay comes out of the
pockets of share holders and does not seem related to anything in
reality--especially performance.
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Not true. It doesn't come out of our pockets. It comes out of the
profits, that haven't yet reached the stock holders. The profits are
the results of their performance. If they don't make money making
decisions then they don't get to stay. The Mutual Funds do the same thing.
Quote:
Originally Posted by Edmond_Outsider
I'm not sure how you do this.
Cap salaries?
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Capping salaries will cap performance. The Carter administration
proved that with unreasonable taxation. It works the same way in
the business world. Why would anyone agree to do more work, i.e.
find the best places to put our money, for less? It doesn't make sense
and it doesn't work. Never has and it never will.
I'm a moderate. I look at all sides of the issues and make a reasonable decision.