tag:blogger.com,1999:blog-2335748440449035592.post8758058769227906578..comments2008-10-04T16:13:21.915-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-22683421240009560782008-10-04T16:13:00.000-04:002008-10-04T16:13:00.000-04:00The issue is that many CEOs **seem** to be paid big bucks for doing little, except attending golf games and shoveling their problems onto the next administration. Sounds like our own political process, doesn't it. <BR/><BR/>On the face of it, limiting CEO pay, as Trader Mark points out will not drive CEOs elsewhere. However, it does fly in the face of our capitalist system. <BR/><BR/>I'd like to see a performance based pay system. But, not like the 'good old boy system" we have in place right now. Just as employees have to rate themselves and meet guidelines, I;d like to see CEOS have **real** goals outlined for them. These goals should include a healthy deferred pay, which is based on not just this year, but future value of the changes put in place today. A possibly easier system might be to pay them with a large percentage of stock ownership and the caveat that they can only sell in increments... Or after a specified period of time. <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-63852143569548681122008-10-04T12:29:00.000-04:002008-10-04T12:29:00.000-04:00Good commentary. I think the issue is much bigger than just CEO pay. There is a growing divide in the US between the have's and have nots. Pretty much anyone reading this blog is a have. We may not all have CEO type money, but most of us aren't living paycheck to paycheck and have all of the 'things' we want. I think we got to see the other side when Katrina hit. We saw 3rd world conditions in a city within our borders. Now, it took a natural disaster to showcase those conditions, but those people weren't haves prior to that storm. Another symptom of this divide is the countries push towards socialism. I think this occurs when you remove the middle class stepping stone for the have nots to become haves.<BR/><BR/>The kicker is that I can't think of a solution. You can't just redistribute wealth, because it is not effective. The real solutions lie in education and the removal of ignorance. The issue there is that the government doesn't generally want *real* education because too many 'leaders' rely on the ignorance of the populace they lead.<BR/><BR/>What a great Saturday!Michaelhttp://www.blogger.com/profile/14603027333434481007noreply@blogger.com