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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (68013)	9/22/1999 11:36:00 AM
From: per strandberg	Read Replies (1) of 132070

Skeet, We are having these discussions about as well. Over the last ten years, salaries are up about 30%, but compensations (often via option deals ) to the chief executives have risen several hundred percent. Unfortunately, neither productivity nor earnings have had a similar development. In many cases, the rewards are not connected to how well the company is performing. The most common argument for these increases is "The other CEOs in similar positions are getting paid this much". As most big business is conducted by the same people in different positions, there is a widespread "You scratch my back and I'll scratch yours"-attitude when it comes to receiving option deals and golden parachutes. In very few situations have I observed that the same CEO have markedly improved his performance when his compensation has been doubled. This is particularly notable in the public sector, where the only thing the new, highly paid executives seem to do is shutting down postal offices, railway services etc. As a taxpayer, I think we are paying more and more for less and less. As a shareholder I think the same applies. Regards Per S

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