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  • 10 Highest Paid CEOs for 2008: Unbelievable [View article]
    What grabs me is not so much a comparison of CEO compensation with stock price movement. After all, the entire market, and almost every company within it, goes up and down much more with general economic conditions and investor sentiment than with the efforts of any CEO.
    The statistic that really stands out is that the average corporate CEO in the U.S. makes about 400 times what the average American worker makes. In Canada that figure is 20 and in Japan that figure is 11. American CEOs are not THAT much better !!
    The reason our executives are paid so much more than their foreign equivalents is because they are members of an elite good old boys club. The CEO of company A is on the board of company B and company B's CEO is on company A;s board. You reward me extravagently and I will reciprocate. It's more about financial payback than about talent and ability. These incestuous corporate oligarchies aparently don't exist so outrageously in other countries.
    May 05 12:15 pm |Rating: +11 -3 |Link to Comment
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