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The politics of pay from The Economist:
Thankfully, more of the ludicrous pay packages details are being made public and shame will force some changes (those approving these pay packages have to justify such reckless spending). Of course, some feel no shame no matter how egregious the situation. As I mentioned earlier, I would add excessive executive pay to Deming’s seven deadly diseases of western management. We need to drastically role back the luducrous pay packages.
Related: More on Obscene CEO Pay - Excessive Executive Pay - Toyota’s CEO pay under $1 million - Warren Buffett on Excessive CEO Pay - Compensation at Whole Foods - Bloated CEO salaries, subsidized by taxpayers, undermine American values - CEO Compensation: A Problem That Just Gets Worse
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June 11th, 2007 at 12:21 pm
I continue to tilt at the robber barron CEO pay packages. Hopefully, at some point, the people approving these obscene pay packages can be shamed into stopping or replaced by people with some sense of decency…
November 10th, 2008 at 11:37 am
As pay did become excessive, Drucker became a prominent voice against the unjust pay of CEO’s. From the Economist: In the late 1990s he turned into one of America’s leading critics of soaring executive pay…
April 6th, 2009 at 10:33 am
The widespread failure of ethical standards by an enormous number CEO’s (those taking from corporate treasuries as though it was their own personal bank account) is the problem (not a few individuals)…