Freehills,
I'm not entirely sure she would, as this book was written some 50 years ago, in a time where the average CEO salary was around 40 times that of the lowest paid employee in the respective firms....and no golden parachutes!
We are now at a time where the average CEO pay is some 600 times that of the lowest paid employee.....and a CEO is even likely to be handsomely paid off, even if they run a firm into the ground.
There is a huge income gap in many of the leading economies in the world...and if anything, socialism has moved up a ladder, from the blue colour worker into executive suites. Bonuses are now paid in firms, which just a couple of years ago were standing at the financial cliff.
I don't think, that is the case in CX, but it certainly is in the case of many companies in the USA, which is the setting in this book....
I happen to think, that the top management in CX are acually very good in what they are doing and Hong Kong as such has one of the most business friendly climates...
Could that possibly be, that John Galt and his followers went to Hong Kong 50 yeas ago?
I wonder.
Last edited by Avius; 7th May 2012 at 19:47.