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Allan from Fallbrook.
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May 18, 2009 at 9:22 AM #401776May 18, 2009 at 10:02 AM #401144
afx114
ParticipantNo doubt that the productivity increase can be attributed to technological advancements. If you ask me, the robots should get a raise, and we should promote all of the workers that they displaced to be “managers” of said robots so that their salary can be justified by their new title. After all, it seems to be OK if managers are over-compensated.
I jest.
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?
May 18, 2009 at 10:02 AM #401394ParticipantNo doubt that the productivity increase can be attributed to technological advancements. If you ask me, the robots should get a raise, and we should promote all of the workers that they displaced to be “managers” of said robots so that their salary can be justified by their new title. After all, it seems to be OK if managers are over-compensated.
I jest.
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?
May 18, 2009 at 10:02 AM #401627ParticipantNo doubt that the productivity increase can be attributed to technological advancements. If you ask me, the robots should get a raise, and we should promote all of the workers that they displaced to be “managers” of said robots so that their salary can be justified by their new title. After all, it seems to be OK if managers are over-compensated.
I jest.
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?
May 18, 2009 at 10:02 AM #401684ParticipantNo doubt that the productivity increase can be attributed to technological advancements. If you ask me, the robots should get a raise, and we should promote all of the workers that they displaced to be “managers” of said robots so that their salary can be justified by their new title. After all, it seems to be OK if managers are over-compensated.
I jest.
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?
May 18, 2009 at 10:02 AM #401832ParticipantNo doubt that the productivity increase can be attributed to technological advancements. If you ask me, the robots should get a raise, and we should promote all of the workers that they displaced to be “managers” of said robots so that their salary can be justified by their new title. After all, it seems to be OK if managers are over-compensated.
I jest.
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?
May 18, 2009 at 10:18 AM #401149UCGal
Participant[quote=afx114]None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
That last line had me laughing so hard my coworkers looked at me funny.
May 18, 2009 at 10:18 AM #401399Participant[quote=afx114]None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
That last line had me laughing so hard my coworkers looked at me funny.
May 18, 2009 at 10:18 AM #401632Participant[quote=afx114]None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
That last line had me laughing so hard my coworkers looked at me funny.
May 18, 2009 at 10:18 AM #401689Participant[quote=afx114]None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
That last line had me laughing so hard my coworkers looked at me funny.
May 18, 2009 at 10:18 AM #401837Participant[quote=afx114]None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
That last line had me laughing so hard my coworkers looked at me funny.
May 18, 2009 at 10:32 AM #401164davelj
Participant[quote=afx114]
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
CEO pay is absurd. Agree completely. It’s the fault of the boards… and the shareholders who elect them. In order to cover their asses from lawsuits, the boards hire compensation consultants, generally at the suggestion of the CEO. The compensation consultant always uses averages for the industry in question and everyone thinks their CEO is above average (like Garrison Keillor’s Lake Woebegone), so CEO pay naturally drifts upwards every year and eventually we arrive at today, where it’s so disconnected from reality that it’s just ridiculous. The same goes for board pay, just in reverse. But, who allows this? The shareholders. Ultimately, it’s the shareholders who pay for all of this crap – well, until recently with the large banks. Now we as taxpayers are involved. But, outside of the TARP banks – which now have pay restrictions – it’s the shareholders of these companies that are getting screwed, not society at large. But it is irritating all the same.
By the way, anyone know how much Bud Selig, MLB Commissioner, makes each year? The number will absolutely flabbergast you.
May 18, 2009 at 10:32 AM #401414Participant[quote=afx114]
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
CEO pay is absurd. Agree completely. It’s the fault of the boards… and the shareholders who elect them. In order to cover their asses from lawsuits, the boards hire compensation consultants, generally at the suggestion of the CEO. The compensation consultant always uses averages for the industry in question and everyone thinks their CEO is above average (like Garrison Keillor’s Lake Woebegone), so CEO pay naturally drifts upwards every year and eventually we arrive at today, where it’s so disconnected from reality that it’s just ridiculous. The same goes for board pay, just in reverse. But, who allows this? The shareholders. Ultimately, it’s the shareholders who pay for all of this crap – well, until recently with the large banks. Now we as taxpayers are involved. But, outside of the TARP banks – which now have pay restrictions – it’s the shareholders of these companies that are getting screwed, not society at large. But it is irritating all the same.
By the way, anyone know how much Bud Selig, MLB Commissioner, makes each year? The number will absolutely flabbergast you.
May 18, 2009 at 10:32 AM #401647Participant[quote=afx114]
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
CEO pay is absurd. Agree completely. It’s the fault of the boards… and the shareholders who elect them. In order to cover their asses from lawsuits, the boards hire compensation consultants, generally at the suggestion of the CEO. The compensation consultant always uses averages for the industry in question and everyone thinks their CEO is above average (like Garrison Keillor’s Lake Woebegone), so CEO pay naturally drifts upwards every year and eventually we arrive at today, where it’s so disconnected from reality that it’s just ridiculous. The same goes for board pay, just in reverse. But, who allows this? The shareholders. Ultimately, it’s the shareholders who pay for all of this crap – well, until recently with the large banks. Now we as taxpayers are involved. But, outside of the TARP banks – which now have pay restrictions – it’s the shareholders of these companies that are getting screwed, not society at large. But it is irritating all the same.
By the way, anyone know how much Bud Selig, MLB Commissioner, makes each year? The number will absolutely flabbergast you.
May 18, 2009 at 10:32 AM #401704Participant[quote=afx114]
None of this answers the question of how we can measure CEO productivity in order to evaluate whether their pay is “worth it.” Does anyone know if there exists some sort of CEO rating system out there? What does it take into account? EPS? P/E? Number of jets/vacation homes/mistresses?[/quote]
CEO pay is absurd. Agree completely. It’s the fault of the boards… and the shareholders who elect them. In order to cover their asses from lawsuits, the boards hire compensation consultants, generally at the suggestion of the CEO. The compensation consultant always uses averages for the industry in question and everyone thinks their CEO is above average (like Garrison Keillor’s Lake Woebegone), so CEO pay naturally drifts upwards every year and eventually we arrive at today, where it’s so disconnected from reality that it’s just ridiculous. The same goes for board pay, just in reverse. But, who allows this? The shareholders. Ultimately, it’s the shareholders who pay for all of this crap – well, until recently with the large banks. Now we as taxpayers are involved. But, outside of the TARP banks – which now have pay restrictions – it’s the shareholders of these companies that are getting screwed, not society at large. But it is irritating all the same.
By the way, anyone know how much Bud Selig, MLB Commissioner, makes each year? The number will absolutely flabbergast you.
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