Is there such a thing as getting paid too much?

[BusinessTech]

Is there such a thing as getting paid too much?

While there is a need for greater transparency around executive pay, attempts to regulate the remuneration of corporate leaders will do more harm to the economy than good, writes Dr Mark Bussin and Laurence Grubb, executive committee members of the South African Reward Association (SARA).

 

[rvZA]

Apparently, in today's generation, yes. What a f**kup!

 

[cguy]

I generally agree with this article, but not this bit:

With globalisation, the complexity of doing business is increasing exponentially and the sizes of companies are growing, placing enormous pressure on CEOs and their executive teams. It is only right that they be fairly compensated for their extended responsibilities.

I am happy with people who have outsized influence on the company having outsized compensation, but I think think the “reason” given above really negates the “enormous pressure” that is often experienced by even the lowest paid employees.

 

[SlowInternet]

Yes, politicians are paid too much. (but not according to our president)

 

[noxibox]

Apparently, in today's generation, yes. What a f**kup!

Today’s generation of overpaid executives? It is definitely a major f**kup. Obviously they and those who have swallowed their propaganda think otherwise.

 

[noxibox]

Increasing complexity is just more of their propaganda to justify siphoning off an ever greater proportion of the money.

 

[rvZA]

Today’s generation of overpaid executives? It is definitely a major f**kup. Obviously they and those who have swallowed their propaganda think otherwise.

The way I see it.... You have a CEO making millions a month. The compensation is based on his education achieved, years of experience, work ethics and taking the company in a direction of profit. Personally, not pre-1994 and not today, do I have any problem with this. In my opinion, that CEO could get billions if he successfully runs the company, making profits, employing people, paying investors, etc.

What I do have a problem with though, are the piggies downstairs who are not happy with that, lining up at the trough who all wants to siphon off the top, share in the profits, even though they did not have the experience, qualifications or ability or position to run the company in the same manner as the CEO.

 

[charlieharper]

No such thing as getting paid too much..

However I think in the public sector (anything where the state got its finger on) it should be performance based.
Example, no loadshedding for 1 year or whatever goal, get Rxx,xxx,xxx // don't achieve that some other sum, much lower.

In the private sector, that should be up to shareholders to decide freely.

 

[Pegging]

Increasing complexity is just more of their propaganda to justify siphoning off an ever greater proportion of the money.

What % do you take at the companies you started and run?

 

[BeerIsNotGood...]

What % do you take at the companies you started and run?

Well if noxibox had his way it would probably be zero

 

[rvZA]

Well if noxibox had his way it would probably be zero

Yes, but luckily his opinions means nothing and he is one of the masses you simply ignore.

 

[Nick333]

Increasing complexity is just more of their propaganda to justify siphoning off an ever greater proportion of the money.

If you say so. Is there some particular reason we should believe that you know what you're talking about?

 

[krycor]

No such thing as getting paid too much..

However I think in the public sector (anything where the state got its finger on) it should be performance based.
Example, no loadshedding for 1 year or whatever goal, get Rxx,xxx,xxx // don't achieve that some other sum, much lower.

In the private sector, that should be up to shareholders to decide freely.

In the private sector it was assumed to be up to shareholders.. but that’s not exactly what’s been happening in SA.. quick google search and you will find many cases where shareholders refused and execs pushed through anyway.

 

[6spdmanual]

Yes, but luckily his opinions means nothing and he is one of the masses you simply ignore.

Luckily your opinion means just as little.

 

[DreamKing]

depends

R1 for CR is too much
R1 billion for elon musk is too little.

 

[Creag]

If my boss is reading this post; nope! Definitely not

 

[rvZA]

depends

R1 for CR is too much, because he is f**king up the South African economy and has no idea what he is doing in his position.
R1 billion for elon musk is too little, because he is growing his businesses, making trillions, employing people.

FTFY

 

[Rickster]

ANC says no.

 

[richjdavies]

depends

R1 for CR is too much
R1 billion for elon musk is too little.

Elon musk would probably agree too!

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[GoneWithTheWindows]

In the public sector - Yes.
In the private sector - No.