fclaugus

"Brent P" <tetraethylleadREMOVETHIS@yahoo.com> wrote in message
news:XLSdnc9WZc-4JAnenZ2dnUVZ_sqdnZ2d@comcast.com...
> In article <U5Ikf.170861$tD4.44489@tornado.ohiordc.rr.com>, fclaugus
wrote:
>
> > CEO compensation is only outrageous when executives are rewarded for
poor
> > performance.
>
> Which is most of the time.
>
> > If they make their company billions, why shouldn't they receive
> > their cut ?
>
> Shouldn't an engineer who does the same get his?
>
> I saved an major US corporation I worked for aproximately $12,000,000.
> What was my cut? 0. Zero. I would have gotten my salary and bonus by just
> leaving the crap design I inherited in place and making it work, without
> creatly a vastly less expensive and more reliable one.

You have a good point. And this would be different if you had this built
into your contract, not that your company would agree to this, however. They
perfer to pay you a flat salery for your services.

A good ceo is hard to get, and companies are willing to pay large high sums
if they believe it gives tham a competitive advantage. If paying a better
ceo 5 million more makes the company 100 million in profits, isn't he worth
the extra money ? The problem is, many executives are overpaid. And if I
worked for a company that had to fire me to save money and still paid their
ceo millions, I'd be pissed. Mad that the ceo makes more money by reducing
costs, which happens to be my salery. But little can be done... Stockholders
need to hold executive pay in check.

> Such a performance arguement makes best sense if it's used across the
> board. If people just get their salary / wage and some convouted bonus
> based on company wide performance, that's all the CEO should get. If the
> CEO gets paid for specific actions that effect the bottom line in a
> commission type basis, so should everyone else.

A lot of perfessions would perfer to work for a salery rather than
comissions or performance bonuses. While thay might get paid more, their pay
will fluctuate more with too much uncertainty.

> If you really believe in the performance arguement I should have had a
> least 1% of what I saved the company. I am sure the CEO got more than 1%.

I believe employees should be paid according to their impact on the bottom
line, and I do believe you deserved some sort of bonus for your efforts,
more than 1%, imo.

Fred