Astronuc
Staff Emeritus
Science Advisor
Gold Member
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I personally believe that most corporate managers, particularly upper management and CEO's are overly/excessively compensated. Most of what is accomplished in an organization is by virtue of the direct work of salary/wage earners, and not the work of management and CEO's.I still think a person sells their services for what it's worth. If you artificially push their wages higher, you're really pushing their jobs overseas to someone else. Of course, that means improving education is even more important.
I have no problem with a CEO, board member or manager who 'invests' his/her capital, which they put at risk, and if the company is successful, they are reasonably compensated. But I strongly object to the likes of Lay, Ebbers, and others who use (put at risk) other peoples' money (not their own) and then compensate themselves as though they used their own. I worked with two managers who made in excess of $100,000, and when the company had difficulty, they whined about how they 'had never asked to be' VP/Pres, and so on - yet they were quite satisfied to accept the significant compensation.
I expect and demand fairness in the workplace.
As for corporate taxes, one possible solution would be to tie corporate tax rates to the ratio of the highest salary to the lowest wage. The motivation would be to reduce CEO/management compensation and raise the lowest wages. I firmly believe in 'sweat equity'.