Let stock holders(company owners) vote for CEO pay, paulsen says NO!

News Type: Opinion — Seeded on Sun Nov 23, 2008 12:44 PM EST

Article Source: International Herald Tribune

Golden parachutes for nonperforming CEOs especially rankle Buffett. "Getting fired can produce a particularly bountiful payday for a CEO," he wrote. "Indeed, he can earn more in that single day while cleaning out his desk than an American worker earns in a lifetime of cleaning toilets. Forget the old maxim about nothing succeeding like success: Today, in the executive suite, the all-too-prevalent rule is that nothing succeeds like failure."

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{"commentId":4176866,"authorDomain":"JoulesBeef"}

JoulesBeef

crappy title but theirs was worse.

These champions of the status quo contend that lucrative compensation is necessary to attract the best talent; that the demands and scope of a CEO are far greater than in earlier eras; and that these executives earn their compensation because of what they return to shareholders.

like the 30 billion dollar losses at gm
yeah those ceo's addd soooo much value as they sit on each others boards setting each other pays> ceo Paulsen doesn't have the problem with one ceo sitting on another baord and setting his pay.. as long as he returns the favor. But the actual owners of the company.. the stock holders.. they shouldnt be allowed to vote for his pay.

insist that such an exercise in capitalistic democracy is a bad idea, a harbinger of other intrusions.

Um it is supposed to be a democracy.. they own the freaken company.

Isnt it sickening how much the GOP is willing to fight for the greedy out of touch ceos, even over the stock holders. I guess thats cause the big political donations come from these guys with tens of million daollar parachutes.

{"commentId":4176866,"threadId":"426466","contentId":"2142509","authorDomain":"JoulesBeef"}

1 vote

#1 - Sun Nov 23, 2008 12:51 PM EST

{"commentId":4182671,"authorDomain":"Lulu124"}

Lulu124

The American Middle Class has never been in a better position to demand that Congress pass legislation that limits CEO pay.

I say -- let's do it!

{"commentId":4182671,"threadId":"426466","contentId":"2142509","authorDomain":"Lulu124"}

2 votes

#2 - Mon Nov 24, 2008 2:34 AM EST

{"commentId":4182703,"authorDomain":"mardigras306"}

Jackie-355788

Why would this not news. Paulson worked for Goldman Sacks who had an employee in 2007 that received a 54 million dollar BONUS, not salary... Is this not a conflict of interest having someone on Wallstreet given cart-blanche AGAIN ? IS there any one in government with a level head...one person yells weapons of mass distruction and we never question it and now we have two wars, now again the housing and economic PANICK triggered spending billions more...

{"commentId":4182703,"threadId":"426466","contentId":"2142509","authorDomain":"mardigras306"}

2 votes

#3 - Mon Nov 24, 2008 2:45 AM EST

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JOULESBEEF

Backyard

Let stock holders(company owners) vote for CEO pay, paulsen says NO!

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