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Tuesday, May 06, 2008
Business thumbs nose at say-on-pay

by · 5/06/2008 04:35:00 PM ET · Link 
Discuss this post here: Make a comment · reddit · FARK · Digg It!


Anyone who honestly believes big business will give any authority to regular shareholders on pay or for that matter, pay executives on results like everyone else, is simply kidding themselves. Not going to happen on its own. Ever. The only way this will change is complete collapse of the economic system (which is also unlikely) or Congress steps in and changes things. As it stands today, business receives too much encouragement to play games like this. It's all there in the existing tax code which even goes as far as allowing business to pay the taxes of these overpaid executives.

Fair is fair and what we have today is unfair. Let's see how well America's corporate leadership does when they have to live by the rules for everyone else. Considering how poorly they are doing today, why should they receive all of the gifts without any of the risk? We used to be a country that sought a level playing field and it's high time we get back to that traditional value. Obviously there are benefits for the select few but for the greater good of both the businesses and America, the benefits are hard to find.

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