Mike Kelley
2008-04-27 13:02:25
I think Concerned Citizen has a good point. Company managers today are paid so lavishly they don’t need to care about the companies they run. When a CEO signs his first contract, he is then financially set for life. CEO pay that used to be 30 times average worker salary is now something like 400-plus that number. High pay that is given to “align his interests with that of the company” actually makes him too rich to care about the little things, like profitability.
