Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: RMF who wrote (33920)	7/9/2008 9:01:58 AM
From: Geoff Altman	Read Replies (2) of 224748

The Government may have NO business telling a company how to compensate its CEO's, but the SHAREHOLDERS and the SEC sure as HELL do. You just contradicted yourself, the gov't is the SEC. The board of directors of companies decide on how a CEO is to be compensated. If they screw up and give a CEO more than is rational then shareholders can replace them all........ Ben and Jerry's of ice cream fame is the perfect example at $81,000 got a boob to run their company and shortly after realized they made a mistake: Ben & Jerry's, the Vermont ice cream maker, had a rule during the early 1980s that no employee could make more than five times what the lowest-paid worker was paid. That capped CEO pay at $81,000. The plan was scrapped in 1994 when Ben Cohen, one of the company's co-founders, retired from the top spot and the company found it needed to pay more to compete for an outside leader, said Ben & Jerry's spokesman Lee Holden. baltimoresun.com

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