I've always rather liked that one company (though I can't remember its name at the moment, sadly) that has, as one of its company policies, the rule that no one in the company can earn more than 11 times what the lowest paid employee makes. I think that's a very good way to keep everyone on a more even footing, as well as (likely) fostering a better sense of community & loyalty within the workforce.
A study by the consulting firm Towers Perrin of top executive pay in 26 major countries found that American executives make an average of twice as much as their French, German and British counterparts and four times as much as the Japanese and Koreans. (bolding is mine
( ... )
I've thought of that actually. It seems they like the idea of cutting other employees salaries more then their own.
There also doesn't seem to be much differentiation between products sold and salary. Perhaps a consulting firm can afford to pay their CEO's more then a car company as they can charge more and have lower costs. A big problem seems to be that they vote on their collegues salaries, and they ussually vote high as the new CEO will most likely sit on their board later. (And they stick together too much, the CEO's who lose money should get fired and not with millions of dollars in severence). And maybe if they concentrated on the long term strategy of a company they would have less volitility.
Oh well I don't generally find it useful to repeat the same old stuff everyone else does. I try and take the most interesting aspects of different arguments, from different sources and come up with the normative consensus. Most people are reasonable unless they are crazy and the precentage of crazy people is so minute. While I have met people who are deeply idealogical a lot more are just cranky and not approached well by people who also hold idealogies perhaps of a different stripe. If people get excited because they meet people who disagree with them, who am I to find that a sign of increased intelligence? Also the arguments of "OMG I found a stupid person" strike me as contrived because in a normal distribution you should expect at least half the people to be of below average intelligence so its not exactly interesting to note the obvious. (And 1/6th should be of a statistically significant point below average... omg who cares
( ... )
Comments 5
A study by the consulting firm Towers Perrin of top executive pay in 26 major countries found that American executives make an average of twice as much as their French, German and British counterparts and four times as much as the Japanese and Koreans. (bolding is mine ( ... )
Reply
There also doesn't seem to be much differentiation between products sold and salary. Perhaps a consulting firm can afford to pay their CEO's more then a car company as they can charge more and have lower costs. A big problem seems to be that they vote on their collegues salaries, and they ussually vote high as the new CEO will most likely sit on their board later. (And they stick together too much, the CEO's who lose money should get fired and not with millions of dollars in severence). And maybe if they concentrated on the long term strategy of a company they would have less volitility.
Reply
Reply
Reply
Leave a comment