The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
The Forum - On Line Opinion's article discussion area



Syndicate
RSS/XML


RSS 2.0

Main Articles General

Sign In      Register

The Forum > Article Comments > Commonsense fairness - CEO pay > Comments

Commonsense fairness - CEO pay : Comments

By Klaas Woldring, published 16/3/2009

The issue of huge payments to CEOs has finally reached crisis proportions.

  1. Pages:
  2. 1
  3. Page 2
  4. All
I will vote for any party that promises to limit CEO salaries to ten times the minimum (not average) wage.
"Parachute" packages should be limited to one month's salary for each year of service,
Posted by nwick, Monday, 16 March 2009 12:44:20 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Rather than imposing arbitrary limits on how much companies can pay their CEOs, it makes much better sense to impose high levels of taxation. That way the actual sum still retains its 'prestige value' in the executive's CV, but the majority of it is directed to public use. The first step is to include the rorts of 'salary sacrifice' and 'share options' in the overall package, Then levy tax at a rate of, say, 80% for any annual package of $1 million or more.
Posted by Jon J, Monday, 16 March 2009 2:22:25 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Jon J,

Major companies would simply pay them off-shore in low tax havens
Posted by Oliver, Tuesday, 17 March 2009 9:34:36 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Oh no! That would be such a catastrophic "brain drain"! They're our best and brightest, geniuses all. And remember: pay peanuts and you get monkeys - pay shiploads of peanuts and you get really greedy, stupid monkeys...

And all the while we have a smashed education system-cum-bordello trying to squeeze ever more dodgy money out of foreigners. A disgrace of double standards, as usual now.
Posted by mil-observer, Tuesday, 17 March 2009 2:05:58 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
*If a CEO is worth more than the Prime Minister they clearly don't need to be bailed out.*

Billie, there was a report in yesterday's West, about the salaries
of heads of universities. They were all earning around the 600k$
mark, or double the salary of the PM. Based on your logic, we
should sack the lot of them!
Posted by Yabby, Tuesday, 17 March 2009 8:50:02 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Every reply to this forum has missed the reason as to why CEO pay is so high. Thus ask yourselves WHY?

Its simple; the government interferred and made superannuation compulsary. This resulted in an explosion of funds across Australia and across the globe as modern Western governments have gone socialist.

It was these fund managers that voted for the rise in the PAC-Brand CEOs pay at their AGM in an orgy of self congratulation. In Forbes magazie top 400 earners for 2007, more than half were fund managers (some earned more than 2b). It is these people that have the power and are indeed the masters of the universe.

Compulsray super is a fascist idea and it has led to massive distortions in the free market. Interesting to note that the people wanted it because they believed in FREE money when in fact its been a giant Ponzi scheme that will rob workers of their life's savings.

The financial world need to shrink by 70% with at least 20% unemployment. Until that happens the real economy will continue to be raped by the financial world. We need real free markets, no gov interferrence and no credit inflation. All we need from the gov is the enforecment of basic regulation and rule of law - nothing else.
Posted by GovernmentsAreTheProblem, Tuesday, 17 March 2009 9:39:11 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
  1. Pages:
  2. 1
  3. Page 2
  4. All

About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy