On Mon, 17 Sep 2007 10:03:19 -0700, Too_Many_Tools wrote:
On Sep 17, 9:28 am, Ignoramus26157 ignoramus26...@NOSPAM.
26157.invalid wrote:
On Sun, 16 Sep 2007 18:05:58 -0700, Tom Gardner wrote:
Do CEOs make too much? Why is that? Could it be that they are hired to do
a job and that's what the job is worth? Why do you resent high-paying jobs?

Tom, it would be helpful to get acquainted with the issue of CEO
compensation a little more closely, before invoking cheap capitalist
rhetoric.

The problem with "CEO compensation" is that CEOs wield a lot of
corporate power and subvert the board and "compensation committees",
who nominally set CEO salary, stuffing them with cronies, hiring
complicit "compensation consultants", and forcing them to agree to pay
them beyond what they are worth.

I am very skeptical of the possibility that there are more than one or
two people, if that many, who really are worth beyond a few millions
of dollars per year.

If you would like, I can point you to a couple of Warren Buffett's
annual letters to shareholders that explain this issue well.

i

Ig is right.


A quiz:

1) who promotes such cheap rhetoric (that there is free market in
setting CEO compensation)?

ANSWER: CEOs

2) Who selects media outfits when spending corporate advertising dollars?

ANSWER: CEOs

3) Does media like to **** off those who pay them

ANSWER: try guessing

i