Ten Highest Paid CEOs of 2008

[quote]PB-Crawl wrote:
DoubleDuce wrote:

Your neighbor keeping a clean yard effects your property value. Does that give you the right to regulate how much he pays the lawn care guy?

Something indirectly effecting you doesn’t automatically give you rights over it.

Lazy people bring down the economy, maybe we should force them into work houses or sell them as slaves. The price of soap effects the economy, maybe we should get together and set prices. How you spend your money effects me in the end. I would appreciate submitting written requests to me for approval on all your spending. /sarcasm

Almost everything anyone does relates back to the economy. That doesn’t give you the right to control everything.

where did i say anything about assuming the right to control everything? or even ceo salaries?

i was simply arguing against the notion that participation in a fee market is completely voluntary and there fore none of your business.

and that we have “no right” to be concerned when companies engage in absurd economic behavior that WILL impact everyone. and ironically now we pay the salaries of some of these companies, yet still, should have no say.

a more appropriate analogy would have been: your neighbor doesn’t clean his yard and he lets lots of dead plants pile up everywhere, he also has a trashcan full of oily rags from when he works on his car sitting in the middle of this yard. you live in a santa ana region. he has a little bucket for cig butts that he tries to throw his smoldering cigs into but he misses a lot.

you have no right to be concerned since your participation in housing markets is voluntary.[/quote]

First, what is the point of “concern” without some ability to control. Concern is infact useless worry without the notion of an ability to control. So, lets get past your veiled attempt at semantics with your notion of “concern” rather than control. You are arguing for a measure of control for things that affect you. Unless you are arguing you should be worried about things your can’t control.

That logic in turn could be used to justify control of almost anything. As is my point, not that you said it, but that it opens the door.

Funny, you claim it’s not voluntary, because it affects your 401k? You aren’t investing in the stock market freely? You aren’t knowingly taking a risk with the money you put in it? That’s ridiculous. You put your money in the stock market, it is your voluntary risk.

And unless your neighbor is breaking a law, no you don’t have a right to do anything. Although, I guess if you are only arguing a right to ?concern?, yes, you can’t worry about anything you desire.

[quote]Bill Roberts wrote:
So why the hell would it be anyone else’s business???[/quote]

Fascism.

Agreed.

Precisely.

[quote]usmccds423 wrote:
You have to remember these CEO’s work for some of the largest companies in the world. Chesapeake Energy Corp made $11.6 billion in revenue last year. His salary is less than 1% of that revenue. [/quote]

Well if its “just 1%” why not pay all of their employees 12 million dollars?

[quote]clip11 wrote:
usmccds423 wrote:
You have to remember these CEO’s work for some of the largest companies in the world. Chesapeake Energy Corp made $11.6 billion in revenue last year. His salary is less than 1% of that revenue.

Well if its “just 1%” why not pay all of their employees 12 million dollars?[/quote]

They’re not worth 12 million dollars.

Interestingly, the most active and demanding shareholders of these companies that employ the CEOs at issue are often institutional investors, and institutional investors - with a great deal at risk, financially savvy, and very powerful - are very jealous of the returns they expect that CEO to generate and have no incentive to “overpay” for an executive who isn’t getting it done.

Far from being a cozy relationship, a number of high-paid CEOs have some tough customers to answer to. While market trends sometimes blow out CEO pay - like any market, prices can get into an upward spiral on the “animal spirits” of enthusiasm (i.e., who is the new hotshot CEO? Did my competitor just hire a new CEO, and so should I?) - but if they aren’t worth the money, institutional investors will yank that short leash and fix it.