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Old 3rd Nov 2008, 11:07
  #10 (permalink)  
1746
 
Join Date: Apr 2005
Location: Not Sydney
Posts: 139
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This still typifies the problem!
Overpayment because that's what "business world" demands! Maybe it does, but maybe it shouldn't!!!!!
The issue is somewhat simplified, if a fundmental question is asked..."what would happen if the CEO rolled over and played dead"?
If the answer is the organisation would instantly implode or cease to exist then, and only then, would anyone be worth such a large amount of money.
I understand that Warren Buffett's company CEO only earns a relatively low salary, something in the $200K - 300K range! With no bonus!!!
Similarly every CEO should be rewarded with exactly the same percentage pay rise or bonus as the lowest paid employee, no more, no less.
Adopting an approach like this would demonstrate something sadly lacking in today's world, real leadership!
Let CEOs lead by example!
If these idylic principles were ever realised, heaven forbid, one could only image the unity that could be created within any organisation, let alone the results such singleness of purpose could produce???
Sorry day dream over....
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