Saturday, April 12, 2008

More talk, talk, talk about CEO pay


Obama and Hillary are both chiming in and sure, giving shareholders some say is an OK start, but it's non-binding. It's more than what is there today, but pretty useless. The problem runs much deeper than a vote, but is directly connected to the chummy board members who take care of their friends regardless of performance. This is yet another issue that the GOP will never address yet many GOP voters are just as angry about this as Democrats. It cuts through party lines, especially when the economy is going belly up.

I have no issue with executives getting paid a ton of money provided the rest of the employees are seeing benefits rise on par with their own position. This doesn't mean that everyone in the company should get the same pay as the GOP spin will like to suggest, but it's about time we see growth through businesses and not just as the top. Anyone who thinks the current mindset can't be altered via taxes - increases and decreases - is kidding themselves. It would be nice to see candidates exploring options that might make a serious difference with this problem. And to those who say the government can't control such costs, nonsense. The tax code is littered with perks available to the select few so they're already getting a helping hand but the rest of us schmucks just aren't in that league.

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