Comments on: The CEO is the latest endangered species http://blogs.reuters.com/great-debate/2009/03/06/the-ceo-is-the-latest-endangered-species/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Tony Justin http://blogs.reuters.com/great-debate/2009/03/06/the-ceo-is-the-latest-endangered-species/#comment-9897 Fri, 13 Mar 2009 23:20:53 +0000 http://blogs.reuters.com/great-debate/?p=2360#comment-9897 One of the biggest sham arguments is that CEO compensation has to be stratospheric because that is the only way to get the best talent. Judging from the business news over the past year, most companies would probably have been far more profitable if they had hired someone willing to get paid a relatively low salary, say 10X the average employee salary, but whose main concern was to help the company. I am a doctor and I think medical schools would do far better taking students who were in the second tier, since first tier students go into medicine mainly to make money.

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By: B.Free http://blogs.reuters.com/great-debate/2009/03/06/the-ceo-is-the-latest-endangered-species/#comment-9742 Thu, 12 Mar 2009 16:39:08 +0000 http://blogs.reuters.com/great-debate/?p=2360#comment-9742 Kind of illustrates just how necessary the CEO is. As far as I am concerned our corporate industry does not need a CEO. If there is need of a “head” for the beast then rotate the upper managers though the position. You save millions and have better decisions made due to the better industry knowledge. Let’s face it, up until now all we have done is support a corporate aristocracy which does not stick around long enough to take blame for their arrogance and ignorant decisions and which imparts absolutely nothing to the industry. Even the best CEO do nothing more than filter the information provided by upper management and make an educated guess. It is about time we stop robbing share holders, employees, and consumers to pay for the life styles these arrogant aristocrats wrongly believe they deserve.

Also, no one in a publicly traded corporation should be compensated more than 10 times the average compensation of their employees. This rule of thumb should be adhered to by boards and share holders and if they can’t, the government should step in an make it law.

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By: Carrie B http://blogs.reuters.com/great-debate/2009/03/06/the-ceo-is-the-latest-endangered-species/#comment-9608 Tue, 10 Mar 2009 18:30:46 +0000 http://blogs.reuters.com/great-debate/?p=2360#comment-9608 For the most part the only thing special about the current crop of CEOS is their greed and self worth based on their material possessions. Many come through the revolving door of “upper tier” consulting firms, from “upper tier” schools, and the petri dish cultivating all forms of the “old boy network” and behaviours.. They are a group of insulated delusional invididuals.

There are many talented, worthy individuals ready to assume the CEO title that gained their skills outside
“upper tier” mainstream. Hopefully now they will get their chance to do some good work.

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