I'm watching CNN this morning and Jen was on there blithering about some new bill or something that would tie CEO pay to company performance!!! Meaning if the company is failing, the CEO can't get a raise just because he wants one, he's actually going to have to earn the raise.

That's pretty exciting considering last night on history channel they said that the average CEO makes 262 times what the average employee makes.




Maybe this is America after all..........

It sounds like it's long over due. unless you a CEO..

__________________
Science is what you know, philosophy is what you don't know.

Well Then I want Government to do the same thing. No pay unless you can run the government with out going over budget. No pay unless you can stop pushing the envolpe of what the constitution says you can't do.

Oh and by the way if they can do this to CEO's they can do it to you. Mark my words. It may be 20 years away but, mark my words. Anyway, CEOs get payed based on contract with the people paying them. So I guess If the government is now paying them, well I guess they are fucked. The Government should never have gottin into this it is going to end badly.

put out your hand, pull me onto that band wagon!!! I'm right behind you on that idea !!!

The only way this should happen is if the company was getting some kind of govt assistance. I am the CEO of my company that employs only 2 other people, I should be regulated on what I can pay myself?

It depends, is your company performing in such a piss poor way that you need corporate welfare?


Do you keep your employees down in the dirt paying them minimum wage and keeping them at 35 hours per week or less so you can cheap out on other benefits?


Tying pay to performance is a great idea. How many other people out there didn't get an expected raise because their company was sucking much and didn't take in as much money, but their CEO went ahead and took his pay raise, since he's in charge and everything.

I would love to see Senate and Congresional pay tied to performance.

But no...... they vote themselves raises as everything goes to hell, what do they care they get paid by us for life, and that does not include the kick-backs and sweetheart deals they make.

Well, going by how well the government runs itself (lol)...Amtrak (yeesh)...the postal service(yikes)...medicare/medicaid (over a 30% fraud rate) and of course Social Security (what is it now...something like 55 TRILLION in the hole), I think they should just stay the F**K out of the private sector.

And as far as the argument about companies that took assistance...well the answer to that is...it should have NEVER been offered in the first place. We have freaking socialist countries telling us we're overspending and the US government is meddling in the economy too much.

__________________
Poppin My Own Cherry - Auto AK47 Journal
"I'm sure he lied. Of course he lied - he's a politician, from Chicago. Come on! Of course he lies!"- jrh72582

They really should have let them go bankrupt. I'm sure there are plenty of other companies out there who could have absorbed all their clients and done a better job.

How can we get political salaries based on pay? That could be really fun, we could make it a ballot issue.

"does Congress deserve a pay raise this term?" (notice the use of the word term and not year, they don't need yearly raises on the salary they make, that's just piggish)

"does the office of the president deserve a raise?"

etc.

That the money was even offered was a huge mistake. Think about it the looming specter of bankrupsy is what keeps buisness opperating properly in a free market. Now imagine if you were running a bank and knew that the government or FED was gonna back up your bad desision making with massive taxpayer funded bailouts. You would loan to anyone screw it Uncle Sams got your back now, forget good buisness practices.

Not only that but their are rumours now the Government is threatening Audits for years, year after year. If you don't accept government money and the restructuring they will demand. That is extortion.