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Politics : Ask Michael Burke
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To: Don Lloyd who wrote (91804)8/23/2001 4:51:56 PM
From: Nadine Carroll  Read Replies (1) of 132070
 
CEO salaries rose not just because "star CEOs" added value, but because the checks on upper management bleeding companies into their pockets -- the boards of directors and the shareholders -- failed to function as designed. It also became acceptable for management to collect salaries 30 or 50 or 100 times a worker's salaries, while it had not been acceptable before, and still is not acceptable in Europe.

I think you're overlooking the fact that labor functions not just as an economic model, but also as a social model. This is true also at lower levels of employment, not just the high end. What salary is so high that it is shamefully greedy? What salary is so low that it is shamefully exploitative? The answers to these questions change over time.
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