Some thoughts on CEOs

[DetlefK]

What's their job? To lead a company in a way it generates profit.
What happens if the succeed? They get millions of dollars and stocks.
What happens if they fail? They get millions of dollars and stocks.
What's the problem? They don't need success in their job, to make a living.


1. Are all these CEOs and stuff worth their millions? Hell no. Why not cap their salary to, let's say, 1000 times the minimum wage?

2. What if something goes afoul in their company? Simple:
If a company looses more than X percentage-points of it's worth in a fiscal year, or if the value of the stock drops by Y percentage-points during a fiscal year, all board members have to pay back their salaries (including bonuses) they recieved during the last fiscal year. That money is forcefully retransfered to assets of the company. (Guess what happens if they can't pay...)

3. And honestly: Who came up with that wacky idea of short-selling? Selling stocks you don't have at a high price, buying them back at a low price?

[hobbit709]

1. Short-selling is high dollar three card monte

[markbark]

2. Come At It From The OTHER End

1. Are all these CEOs and stuff worth their millions? Hell no. Why not cap their salary to, let's say, 1000 times the minimum wage?


I agree on a cap, but on the other end. Pay the CEO all you want, but the LOWEST paid guy in your company gets no LESS than 1/50 of what you pay Mr CEO.
Go ahead, pay "Diamond Jim" his $200 million.... but that means the guy who cleans his toilet gets $4 million.

--MAB

[dysfunctional press]

3. they would simply make all their employees sub-contractors.

the guys who clean the toilets generally don't work for the company- they ALL use outside services.

[markbark]

4. Easy enough

"Sub-contractor" implies a contract somewhere.
In the contract, stipulate the "1/50th Clause"
Make it part of standard boilerplate i.e. EVERY employment contract says this in much the same way that EEOC and OSHA regs are included.

--MAB