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  • Wall Street Breakfast: Must-Know News [View article]
    Recycled.
    The obscene executive compensation payments are major part of the problem, as it was exposed by this financial crisis as outright fraud.
    Generally speaking, no executive is worth getting paid more then the ultimate CEO, the US president.
    No one, no matter how clever or educated, should be allowed to rob their employees and shareholders as shamelessly as the executives do nowadays. The irony of it is, it's all done legally, under the regulators' watchful eye; highway robbery nevertheless. That needs to stop, in the name of fairness, and in order for the investor to regain confidence in our financial structure and business concept.
    Since companies cannot do it themselves, Congress needs to cap executive compensation by law at about the US president's salary level, and index it for inflation. At the very least, executive pay maximums should be tied to a reasonable multiplier of their lowest paid employees’ compensation. If we don't want people to revolt against being robbed by the government too (read heavily taxed) in order to bail out these shameless executive thieves, and keep them doing more of the same, Congress needs to act now. Not until some sort of cap is implemented, we shall see abuses and excesses disappear.
    Sep 24 13:48 pm |Rating: 0 0 |Link to Comment
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