Quote:
Originally Posted by negreen
pay of most big public companies.
Most of those big corp. have mature business and it makes
no difference who is in charge of those business.
Cut CEO's pay and return the profit to shareholders will
benefit a lot more people.
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They are public companies in that their shares are publicly traded, but not publicly owned in the sense that the public has property rights to it, as in the city streets or the county park.
As such, the right to determine the CEO's pay lies with the shareholders. If they believe it to be exhorbitant, they can either vote at shareholder meetings to remove the CEO or change his pay, or they can vote with their feet by selling the stock. Believe me, if the company is underperforming, many have already taken the latter step.
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If you don't know where you're going, any road will take you there. - GH 1943-2001
A wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. - Thomas Jefferson's first Inaugural Address, 1801
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