Humorous replies nonwithstanding, this is an interesting question. Unfortunately, it seems that the rest of the world is no better at compensating CEOs than US. And the corruption is probably even higher than here. For example, Europe could be thought as more socialist/egalitarian and less "overcompensating" for top management. But then look at the scandals of Parmalat and Co, Berlusconi and Co and so on. I won't talk about India and China, since I don't know much about the local conditions, but I would guess that corruption and possible grey deals involving politics are an issue there.
Re: business schools - since most Indian companies have local CEOs and leaders, I assume that they have enough bright entrepreneurs. So it really doesn't matter if they have great business schools or not. :) You did not ask about outsourcing middle management, did you? :)
BTW, Forbes just released global billionaire list. You can see Indian and Chinese names there. Whether that means that CEOs are overcompensated there, I don't know. :)
Final thought is that while we can hate outsourcing fat-cat CEOs, it is still better for US that the company remains US based, even if it only has top management here. :) At least they pay taxes. :P And can possibly create future companies and jobs.
Jurgis |
