Saturday, September 20, 2008

How much financial CEOs got paid to ruin their companies - Network World

How much financial CEOs got paid to ruin their companies - Network World

My economics prof. told us that CEOs make so much more than regular workers because they work that much harder. That was obviously bullshit. I stopped going to class.

He could have tried the line that CEOs make so much more than regular workers because they create value - or something like that - but that is also, now, obviously bullshit.

There should be some sort of law - if you are a CEO and yr company goes bankrupt or has to be bailed out - yr salary and bonuses should be forfeit to yr shareholders or the American taxpayers. The rewards for failure should be a lot less.

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