Unfortunately, the companies aren’t paying what they think a CEO is worth. It’s now become a rigged game, where you have inter-connected CEO’s sitting on each other’s boards guarenteeing out of control wages to each other, regardless of a companies performance or whether a company can even afford to pay it out.
If the CEO’s for their interest destroy a company, they just move on to the next one.
Just like John Corzine.
If the CEO’s “destroy a company” the “next one” will profit as a result.
All of this discussion is ass backward. Just like the corporate jet issue. I don’t want the CEO of Ford showing up to meet, say, the Japanese Prime Minister, after booking a coach flight on Southwest Airlines. I want him to say “be right there” and then arrive in something taht looks like Queen Amidala’s spaceship.
Our companies, CEO’s and people should be the richest in the world. Making our CEO’s be humble is like playng no winner softball games. It will not produce Babe Ruth.
Do you suggest we “regulate” both Capitalism AND the US Constitution in order to "fix" these problems?
It's not working.