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A cap on CEO salaries - creeping socialism? : Comments
By Dino Cesta, published 16/3/2009While some concern is warranted, there’s also much hypocrisy being meted out by politicians when it comes to CEO pay cheques.
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Posted by Sir Vivor, Wednesday, 18 March 2009 1:41:42 PM
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1. FYI: http://business.smh.com.au/business/swan-to-curb-obscene-salaries-20090318-91lr.html
2. High bonuses for non-performers and parties "leaving" the sinking ship are neither Capitalism or Socialism, rather opportunistic managerialism. Besides, in the twenty-first century as Drucker alludes its the techos that make the money. 3. Herein, many a systems manager could take on the running a company with fair less trauma than your average senior manager trying to write a sophisticated (inner shell) computer programme. It would be easier to assess a few briefing papers and understand balance sheet ratios, than to programme in FORTRAN or JCL. I have done both and there is no comparison, with regards difficulty Posted by Oliver, Wednesday, 18 March 2009 2:58:05 PM
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"My criticism of the bonuses is not so much as to their bad timing but the way they were contracted without being linked to KPI's."
Thank you for the clarification.
My guess is that cases of loose linkage to Key Performance Indicators may be found within a variety of different organisations, economies and types thereof, globally.
As Forrest Gump said in the movie, stupid is as stupid does.
Cheers