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

To: TimF who wrote (49958)	8/1/2013 8:10:15 PM
From: Broken_Clock	Read Replies (2) \| 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 increase the ludicrous CEO salaries even more." There, i fixed that for you. "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? " Do you think a CEO that runs a company into the ground should be paid $6,000,000 a year for life after he's thrown out? If you can blame unions as scapegoats and penalize workers by taking away their pensions and reducing their salaries, why should aCEO be expected to profit for his mistakes?