I personally feel that if you work for a company where the CEO makes 30 million a year in salary and everyone else get those big yearly bonuses, there is something wrong with the company. Where does that much money come from? Is it some form of Ponsi or some other get-rich-quick scheme to collect that much profit from people? What product are they selling? It's just a horse race or casino - with the stats set for them to take a bunch off the top. This happens every year - not just occasionally. There's also the severance package that the same CEO collects if the company doesn't do as well as expected. Could this be a bit of greed showing? Maybe the CEO is worth all that money because he makes the right decisions about selling those loans and derivatives to get more profit. It just can't continue taking big money (every year) from the people who think they are safe investing in the Stock Market. I think that's what the OWS is about. We need to see the books and the audits.
I think if you look back on pay structure in companies it has never been more lob-sided towards the CEO than it is today. Once upon a time, the CEO would be at the top; but the "top" meant making $100,000/yr when your employees made $20,000/yr, not 30 million/yr vs $40,000/yr.
Once upon a time there was an advantage to working for a successful company and that usually meant more money. Today, an employee in a given profession makes the same amount of money regardless of the company they work for and regardless of the success or failure of the company they work for. In other words, the typical employee does not benefit from the success of their own company. They do however lose their job when it stumbles or fails.
Comments
I think if you look back on pay structure in companies it has never been more lob-sided towards the CEO than it is today. Once upon a time, the CEO would be at the top; but the "top" meant making $100,000/yr when your employees made $20,000/yr, not 30 million/yr vs $40,000/yr.
Once upon a time there was an advantage to working for a successful company and that usually meant more money. Today, an employee in a given profession makes the same amount of money regardless of the company they work for and regardless of the success or failure of the company they work for. In other words, the typical employee does not benefit from the success of their own company. They do however lose their job when it stumbles or fails.