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Author Topic:   Executive Salaries and Corn Flakes
Minnemooseus
Member
Posts: 3945
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 10.0


Message 2 of 19 (461496)
03-25-2008 9:08 PM
Reply to: Message 1 by Grizz
03-25-2008 8:25 PM


The Stinking Rich
Re: The $500 corn flake - Unless such is a charitable donation to a worthy cause, to me it's a sign that someone has too much money and (perhaps ) should be paying higher taxes.
Re: Business executives salaries being excessive - The question is, to what degree is a variety of cronyism happening?
And what stands out to me as being even worse is the retirement "parting gifts". A CEO can get canned for poor performance (his/her or the companies?) and get a multi-million dollar going away present, seemingly fully at the option of the board of directors. An extreme(?) example (no, I'm not supplying a link) is the story of the recently retired CEO/President or whatever of Exxon/Mobile. I heard he got a $400 million parting gift, above and beyond whatever the regular retirement benefits were. This may be legal, but I sure can't see it as being moral.
There, I've fired what will probably be my only shot in this topic.
Moose

This message is a reply to:
 Message 1 by Grizz, posted 03-25-2008 8:25 PM Grizz has not replied

  
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