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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (49849)	8/1/2013 7:28:17 PM
From: TimF	Read Replies (1) \| Respond to of 85487

CEOs can make a boatload of money, but cutting or even eliminating CEO compensation isn't going to bring companies back from the brink. Reducing pay or benefits to the much more numerous workers and retirees might. In any case while golden parachutes and such might be considered unfair, they don't amount to rent seeking or corruption. As for poor CEO performance - Poor performance from the company may not necessarily be because of poor performance the CEO (just as the company doing well may not necessarily mean the CEO is doing a great job). That having been said company performance and shareholder value is the CEOs responsibility, and there are plenty of CEOs who have done poor jobs, and who's hiring was a mistake, but do you expect hiring decisions to never be made in error?