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To: GraceZ who wrote (8129)	1/15/2003 5:36:52 PM
From: mcg404	Read Replies (2) \| Respond to of 306849

<<Almost everything the government does to preserve US jobs results in higher employment cost even if their intentions are to protect those jobs.>> Of course. How could it be otherwise? If you introduce friction into the system you're going to reduce efficiency. Are you saying there are no situations where you feel the country would be better off for it (even accepting the fact that costs will be higher)?

To: GraceZ who wrote (8129)	1/15/2003 9:34:38 PM
From: Spekulatius	Read Replies (1) \| Respond to of 306849

<< If the person taking this job left a sure thing for a risky thing then it comes as no surprise that they demanded far more compensation to take the job and they wanted that compensation up front because the candidates knew that a highly visible failure might essentially end their career and their ability to earn a living. >> Grace the dot.comers are only a small part of the execute/CEO pay problem. The fact is that CEO pay is not determined by the market value of the CEO but rather by the board. The board is in a lot of cases eating out of the same trough, connected with investment bankers and such. In a lot of cases, the correlation between executive pay and corporate performance is nonexistent and it certainly is no coincidence that executive pay has risen much stronger during the last decade then earnings of any other profession. The problem, IMO is most boards do not fulfill they control function any more, they don't represent shareholder interest but rather pull on the same rope than the CEO to get a bigger share of the companies earnings and equities.