http://karendecoster.com/john-mackey-on-unions-the-fed-capitalism-and-ceo-pay.html Tue, 22 May 2012 02:24:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://karendecoster.com/john-mackey-on-unions-the-fed-capitalism-and-ceo-pay.html/comment-page-1#comment-1986 Tom Osborne Sun, 04 Oct 2009 03:21:05 +0000 http://karendecoster.com/?p=6865#comment-1986 In my view, the issue of CEO pay has to do with whether these CEOs or other very high level executives were the company's entrepreneurs and founders like (to take just the computer industry) Steve Jobs, Steve Wozniak, Bill Gates, or the two Google founders "Brin" and "Sergei"...or maybe I should look further into the past to people like Henry Ford or J.D. Rockefeller, or else are they simply "employees", hired like everyone else in the company "to do a job". In Capitalism, the risk-takers ought to get the highest rewards possible; they started with absolutely nothing but a vision, whereas "workers" of every level are working in somebody else's already realized and functioning vision, and therefore workers are to be treated with a more "internal equity", as Mr. Mackey says. I don't think these "hired CEOs" are as important or crucial to these companies as they, themselves (and weak, vision-less boards) think. In all honesty, as a worker "one level down from the top", I feel that we who really DO the work could do perfectly well WITHOUT any of them (who seem to be much more about interference and change for change's sake rather than actual accomplishment) who just get all the glory. What you have nowadays are people in power on the Boards of Directors voting themselves these huge salaries and it is nothing but pure corruption and has nothing to do with the legitimate spoils of creativity and risk. In my view, the issue of CEO pay has to do with whether these CEOs or other very high level executives were the company’s entrepreneurs and founders like (to take just the computer industry) Steve Jobs, Steve Wozniak, Bill Gates, or the two Google founders “Brin” and “Sergei”…or maybe I should look further into the past to people like Henry Ford or J.D. Rockefeller, or else are they simply “employees”, hired like everyone else in the company “to do a job”. In Capitalism, the risk-takers ought to get the highest rewards possible; they started with absolutely nothing but a vision, whereas “workers” of every level are working in somebody else’s already realized and functioning vision, and therefore workers are to be treated with a more “internal equity”, as Mr. Mackey says. I don’t think these “hired CEOs” are as important or crucial to these companies as they, themselves (and weak, vision-less boards) think. In all honesty, as a worker “one level down from the top”, I feel that we who really DO the work could do perfectly well WITHOUT any of them (who seem to be much more about interference and change for change’s sake rather than actual accomplishment) who just get all the glory. What you have nowadays are people in power on the Boards of Directors voting themselves these huge salaries and it is nothing but pure corruption and has nothing to do with the legitimate spoils of creativity and risk.

]]> http://karendecoster.com/john-mackey-on-unions-the-fed-capitalism-and-ceo-pay.html/comment-page-1#comment-1983 cousin lucky Sun, 04 Oct 2009 01:36:12 +0000 http://karendecoster.com/?p=6865#comment-1983 When America Collapses The well paid executives, as will all of the wealthy, will just become targets for kidnappers. When the Anarchy comes Mayhem will rule the days and nights for a long time. When America Collapses The well paid executives, as will all of the wealthy, will just become targets for kidnappers. When the Anarchy comes Mayhem will rule the days and nights for a long time.

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