Current Events — HabitableZone

Current Events » in reply to re: A good example for the other thread where skills and wages are being discussed.

The problem, Lindy,
ER — (archived)

isn't that the CEOs earn big bucks because they make their companies big bucks. That would be understandable, and if I were a stockholder (not a customer or employee) I would probably support it, too. After all, what is "morally right" for most people is usually determined by what is personally profitable for them, not some abstract ethical principle.

What is really steaming people, including stockholders, is that many of these CEOs negotiate these extravagant contracts before they even start work and collect big bucks even when they run companies into the ground. They can get away with this because executives hire executives and they all owe each other favors and take turns scratching each other's backs. It's a big happy class of good ol' boys who take care of each other and look out for each other. Can you spell P-L-U-T-O-C-R-A-C-Y?

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