Quote:
Originally Posted by jluetjen
I expect my boss to do what is best for the company, not necessarily for me.
|
Of course his job is to do what's best for the company. If you think losing your job is done for the good of the company, think again. Too many companies have a compensation philosophy that says "whats best for the company is the bottom line." Execs lay people off, which increases profits, the directors and stock holders think that's great, they give the guy a big bonus, and then watch the company circle the drain. If corporate executives did what was best for the company instead of what was best for
THEM they would not be making 400 times the pay that their workers get, they would be investing that money in product development, R&D, marketing - ie. the future of the company. (In 1992, CEOs were paid 82 times the average of blue-collar workers; in 2004, they were paid more than 400 times those salaries.)
CEO Skill and Excessive Pay: A Breakdown in Corporate Governance?
Average pay for a corporate CEO is $14 million dollars. If you think ONE GUY pocketing $14 mil is better for the company than paying him, say, a measly $4 million and investing the other $10 mil in company growth (and job growth), you fit right in with the current philosophy. Me - I don't buy it. (no pun intended)
Things may change. With the new financial reform SEC companies have to reveal compensation of employees to shareholders, so we can decide whether we are getting fleeced or not.