Should CEO's salaries be capped?

Should CEO's salaries be capped?

  • Yes, they should be capped

    Votes: 100 38.9%

  • No, they should not be capped

    Votes: 139 54.1%

  • Other

    Votes: 18 7.0%
  • Total voters
    257
Gravedigger said:
While some CEO's enjoy the money that they make, x million per year, is just crazy, IMO. If I was appointed CEO of a company, I would have said that I really don't want to have these crazy bonuses at all, but rather put that back into the business, and it's employees, draw a normal liveable salary.

For me, money is not that important, I'd rather invest that into people, and be a humble person.
Not everything is not about money.
You can't buy a real friend with money. I'd rather be having a moderate salary that I can live off comfortably, and be surrounded by real friends and family that cares, than to live alone in a mansion, surrounded by people who are after the money.

Earthly possessions is not that important. That includes money. People's relationships is more important to me than making a dump-load of money.
Click to expand...
That's what you say now, come back and post when you actually have that sort of money...
 
Whether I hear people complaining about overpaid CEOs, I always think, “Well, just become a CEO then.”. There are a host of reasons that person is their situation and you are in yours - you don’t have the whole picture, or you would be in that position instead.
 
Hamster said:
****ing Stalin over here has an opinion apparently
Click to expand...
Cap it at a ridiculously high amount, anything past that amount (say usd1billion) the person can give to whoever the hell they want.

if you don't capitalism will also fail.
 
Nope, but it should be made visible, if a company wants to pay their CEO excessively then they should be able to justify it to their shareholders and their employees.
 
Cius said:
I think executive pay should be capped as a percentage of the average salary of the company. Otherwise we will keep marching down this path where middle class get poorer and poorer and inequality goes beyond what we last say during the Feudal age.
Click to expand...
100% agree - pay and compensation for a CEO should be aligned so you can insure their loyalty lay with shareholders and workers.

Personally, I would have to take home a salary determined by the median avg salary of the company. And then have bonuses determined not solely just on how much profit was generated - but also by how much the work force avg salary has been increased year on year.

I'd put this **** into law with the only stipulation that the company must have reached a certain profit threshold for this law to apply.
 
Gravedigger said:
While some CEO's enjoy the money that they make, x million per year, is just crazy, IMO. If I was appointed CEO of a company, I would have said that I really don't want to have these crazy bonuses at all, but rather put that back into the business, and it's employees, draw a normal liveable salary.

For me, money is not that important, I'd rather invest that into people, and be a humble person.
Not everything is not about money.
You can't buy a real friend with money. I'd rather be having a moderate salary that I can live off comfortably, and be surrounded by real friends and family that cares, than to live alone in a mansion, surrounded by people who are after the money.

Earthly possessions is not that important. That includes money. People's relationships is more important to me than making a dump-load of money.
Click to expand...
A few million per year is fine, even a few 10s of millions. It's when it becomes multiples of 100s of millions and employees and ordinary shareholders get shafted when I start getting annoyed.
 
On a related note.

At which level does a billionaire become a drain on society.

The billions he's hoarding was obtained at the expense of either/or shareholders, customers, employees. Would humanity not be better off as a whole if many of those billions were in the economy, in the pockets of customers/employees or ordinary shareholders.

Would 10 000 truly middle class people and a 1 guy with 1 billion not contribute more than 10 000 workers on food stamps and a 1 guy with 100 billion?

What's the lifestyle upgrade he gets from having 1B to having 50B. Surely nothing. Maybe the 1B is enough.


Disclaimer: The above is not based on any sound economic theory or knowledge.
 
cguy said:
Whether I hear people complaining about overpaid CEOs, I always think, “Well, just become a CEO then.”. There are a host of reasons that person is their situation and you are in yours - you don’t have the whole picture, or you would be in that position instead.
Click to expand...
Well, they're obviously extremely talented and capable managers. For the most part, but that doesn't mean they should earn unlimited sums. That GE CEO called 2-jets got paid enormous sums while busy driving the company to near bankruptcy. There's proper generous compensation and there's ridiculous.

Why does anyone need so much money they couldn't spend <0.001% of it if they lived to be a 1000?
 
R13... said:
Well, they're obviously extremely talented and capable managers. For the most part, but that doesn't mean they should earn unlimited sums. That GE CEO called 2-jets got paid enormous sums while busy driving the company to near bankruptcy. There's proper generous compensation and there's ridiculous.
Click to expand...
That’s the shareholders decision. Also, just because a business is doing badly, doesn’t mean that they’re not doing a great job - sometimes the winds just change, and the best CEO is the one that minimizes the damage. You have to pay for that too.

R13... said:
Why does anyone need so much money they couldn't spend <0.001% of it if they lived to be a 1000?
Click to expand...
I have never met a billionaire who is driven by a need to spend all their money on “stuff”. They typically have ideations on improving the world in some tangible way. That needs capital.
 
die_koos said:
Nope, but it should be made visible, if a company wants to pay their CEO excessively then they should be able to justify it to their shareholders and their employees.
Click to expand...
Yes to the former. No to the latter. Otherwise take a hike.
 
notayoba said:
On a related note.

At which level does a billionaire become a drain on society.

The billions he's hoarding was obtained at the expense of either/or shareholders, customers, employees. Would humanity not be better off as a whole if many of those billions were in the economy, in the pockets of customers/employees or ordinary shareholders.

Would 10 000 truly middle class people and a 1 guy with 1 billion not contribute more than 10 000 workers on food stamps and a 1 guy with 100 billion?

What's the lifestyle upgrade he gets from having 1B to having 50B. Surely nothing. Maybe the 1B is enough.


Disclaimer: The above is not based on any sound economic theory or knowledge.
Click to expand...
Agree, and don't let any one tell you that "Trickle Down Economics" is a thing, it's all a bunch of horse ****.
 
Feel like this could be a lot of fun here -

Millerknoll Ceo Andi Owen telling employees not to worry about bonuses, when she herself made about $4.9 mil last year, $1.2 mil of that being a bonus - meanwhile Millerknoll is worried about a mysterious $26 mil that they are apparently needing from the context of this video. But god forbid that $1.2 mil be given to employees so they can at least have something.

https://www.reddit.com/r/facepalm/comments/12q20uf

Thoughts?
 
cguy said:
That’s the shareholders decision. Also, just because a business is doing badly, doesn’t mean that they’re not doing a great job - sometimes the winds just change, and the best CEO is the one that minimizes the damage. You have to pay for that too.
Click to expand...
One of the issues is that CEOs and executives never really lose money when companies collapse and often due to their own poor management decisions. They get paid, like stock brokers.
cguy said:
I have never met a billionaire who is driven by a need to spend all their money on “stuff”. They typically have ideations on improving the world in some tangible way. That needs capital.
Click to expand...
You mean pursue pet projects?
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X