RE: CEOs now paid approximately 183 times the average UK worker
August 20, 2015 at 12:16 pm
(This post was last modified: August 20, 2015 at 12:16 pm by abaris.)
(August 20, 2015 at 9:10 am)mh.brewer Wrote: Of course I don't wish/want this disparity. I don't think any right minded person would. On the surface it does not seem fare or equitable at all. I don't think the company stockholders/investors would mind a narrowing of the gap either.
You're only scratching the surface here. I guess nobody would argue against a private company paying their CEOs whatever they want. But in many cases it's not the reality. There are two problems. One, the system of short term bonusses. Managers take unnecessary risks to meet the requirements for their annual bonus. Two, in case of failure, absolutely nothing happens. As has been shown in 2008 when the state bailed out the losers and risk takers. Not a single one of them was tried. Not a single one of them paid a dime in compensations.
So I'm all for private companies paying what they want. But please, don't come running for the taxpayer's money when things go down the drain. That's yet another example of why the current capitalistic system doesn't work and the market doesn't regulate itself. To add insult to injury, most of these zeros that brought us the debacle of 2008, enjoy the results of the golden handshakes they got after the failed miserably at their jobs. Paid by yours truly among millions of other people.