Do top-level executives deserve to be paid million-dollar salaries?

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SteveON

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#59314 1-Apr-2010 13:34

Stupid poll on yahooextra; http://nz.yahoo.com/

No - it's a crazy amount of money!

83%
4203 votes
Yes - they deserve it at their level of responsibility

15%
743 votes
Not sure

3%
138 votes

Even more silly is the people who voted, I am not sure if people understand but if you pay peanuts for a top exe or CEO; you might as well get a farmer to run our top companies.

I don't know about you, but executives deserve to be paid what they earn just like politicians do. People may disagree because their supermarket job is not taking them places only at $12/hr but that's their fault for working in a supermarket.

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BDFL - Memuneh
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#313872 1-Apr-2010 13:44

I don't even bother with polls, because most of the time they have silly questions with silly answers available.

johnr

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#313881 1-Apr-2010 13:54

Ask the CEO of Biddle Corp

John

SteveON

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#313882 1-Apr-2010 14:00

johnr: Ask the CEO of Biddle Corp

John

lol

Mooseboy

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#313884 1-Apr-2010 14:04

You know, my garden had all these flowers that were higher than the rest, so what I did was go and cut the tops off the tall ones.

Handsomedan

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#313897 1-Apr-2010 14:36

freitasm: I don't even bother with polls, because most of the time they have silly questions with silly answers available.

You should run a poll on whether polls are silly and whether the answers that you have provided are equally silly.

It'd make the whole thing credible, as it'd be from the head geek.

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Handsome Dan does not currently have a side hustle as the mascot for Yale

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sbiddle

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#313905 1-Apr-2010 14:41

I wish I could earn $1 million per year.

I guess I could do and Enron and pay myself that.

johnr

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#313919 1-Apr-2010 15:10

sbiddle: I wish I could earn $1 million per year.

I guess I could do and Enron and pay myself that.

Thought you were doing this already?

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NonprayingMantis

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#313998 1-Apr-2010 19:58

Do top-level executives deserve to be paid million-dollar salaries?

Some do, some don't. Just my opinion.

Internet polls aren't worth the paper they aren't printed on.

Ragnor

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#314034 1-Apr-2010 21:40

Income equality is a serious concern in many countries, in many cases western society has come full circle back to almost a having a class based structure again.

There are all sorts of bad side effects for society as a whole when there is a big gap between the bottom and the top.

I think it's interesting we have a minimum wage but not a maximum wage. It's worth noting some countries have social culture which stops executive pay getting out of hand eg: Japan. Another example is the US military where the highest paided is not allowed to be more than 8x the lowest.

timestyles

424 posts

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#314035 1-Apr-2010 21:43

Slightly related - does anyone know why Transpower (the company which provides electrical transmission around the country) has 300 staff who are paid $100,000 or over?

Ragnor

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#314036 1-Apr-2010 21:45

A shortage of skills or the exploitation of monopoly power has allowed a privileged few to capture very high rates of pay.

Sectors such as fnance are notorious for sky-high salaries and big bonuses, as remuneration committees are self-regulating and accountability to shareholders is often weak.

You can see how some of that might apply to Transpower.

Anyway this is a good read if you have some spare time over Easter
http://www.neweconomics.org/publications/bit-rich

GBristow

178 posts

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#314055 1-Apr-2010 22:41

I hate to go against the grain, but I feel most executives are paid too much. When an executive earns hundreds of times more than the majority of their employees, it creates all sorts of problems (rigid class stratification being one). Honestly, this has been discussed for the better part of a century. Just read something from or about Joseph Stalin, Karl Marx, or Max Weber.

freitasm

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#314057 1-Apr-2010 22:48

Stalin, let me see... Isn't this one that paranoid schizofrenic guy with a big moustache with a pechant to killing even the closest people to him? Yes, thought so.

And Karl Marx? Oh, right "Workers of the world, unite!"... Sure, right.

illicit

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#314061 1-Apr-2010 23:12

Im against Politicians who get paid large amount, ASWELL as taking as many 'liberties' as they can get away with

KellyP

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#314068 1-Apr-2010 23:32

Mooseboy: You know, my garden had all these flowers that were higher than the rest, so what I did was go and cut the tops off the tall ones.

The stake that sticks out gets hammered down

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