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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (778562)4/6/2014 12:00:25 PM
From: i-node  Read Replies (2) of 1576313
 
>> We need Democratic rights for stockholders and that would do the trick.

You understand that the organizers of a corporation could choose "democratic rights" for shareholders if they wanted to, but choose not to do that because it is obviously not a workable way to run a corporation?

There are good reasons that operation of a corporation is vested in a BOD. Someone didn't just wake up one day and say, "How can we maximize CEO pay?"

Great CEOs are rock stars and there is no reason they shouldn't be paid like rock stars. There is a market for them, and market forces work perfectly in that environment. If the BOD wants a particular rock star badly enough they will pay for him.

The arbitrary assertions that CEOs should make more than X times the lowest paid employees is just left wing idiocy. Go pick on Michael Jordan.
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