[quote name='mykevermin']Bob Nardelli should be an embarrassing example of executive largesse instead of just another guy who got $200+ million for
![Shaq Fu! fuck fuck](/styles/default/cag/smilies/shaq-fu!96.gif)
ing up a company and being fired.[/quote]
Too true. Unfortunately we need an Enron-style cluster
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(or a mild sex scandal) before American investors demand to see heads rolling. Simply running a company into the ground while you live the high life on the company dime and fill your pockets is so routine that there isn't even an outcry anymore.
[quote name='GuilewasNK']Yes it's simplistic, but you know what I mean.
The thing is that it is really easy for us to say something now. If we owned our own company or were a CEO I doubt we'd pay ourselves a $1 for any reason unless we got into the same situation the automakers are in. It's really easy to say we wouldn't take advantage of perks, that we wouldn't have nice things. I'm not excusing those automotive clowns (the execs and the union leaders are fools as far as I am concerned), but more than a little idealism being talked about here.[/quote]
Well come on. Noone is advocating that CEOs be paid $1. A good CEO is talented, he or she works longer and harder then the average man and deserves to be compensated accordingly. The problem comes in with the modern brand of CEOs where the goal is to raid the company for as much cash and compensation as they can regardless of long-term business health. Too often the board of directors turn a blind eye to these practices in return for business favors - such as a contract to legally represent the company or a big deal to sell supplies.
Everyone deserves a fair wage. Normally when we say fair wage we mean paying an Ethiopian coffee grower more then just the money he requires for basic sustinence. However I happen to think it should also apply to CEOs, who are taking advantage of their postion to unfairly profit from lopsided power relationships.
I think it all starts with getting the word out to the public. The media needs to start doing their damn jobs and exposing the exploitation of America's government dollars and middle class for what it is. There's no excuse for allowing plutocratic policies sold by a shill like "Joe the Plumber" to gain any traction in the minds of gullible Americans.