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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (778562)4/5/2014 12:13:11 PM
From: bentway  Read Replies (1) of 1574489
 
I used to work out in Silicon Valley, where all the CEO's sit on each others boards, and vote on each others compensation. It's "I'll scratch your back, you scratch mine" all the time, and an easy little bonus check for almost no work.

As a comparison, imagine you had a bunch of workers determining their own salaries. They might tend to overpay themselves. As too much became normal, they might pay themselves even more!

That's what's driven CEO pay to the ridiculous levels it's risen to in this country.
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