Exposing CEO Pay Excesses

The politics of pay from The Economist:

Although barely one-tenth of the 2,000 biggest American companies have yet reported under the new rules, the tally of negative headlines is already mounting. “There are already plenty of examples of firms reporting chief-executive pay packages of millions of dollars more than expected,” says Paul Hodgson of the Corporate Library, a research firm. He reckons that the firms that have already reported are a representative sample likely to provide a good indication of the overall trend.

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 PayExcessive Executive PayToyota’s CEO pay under $1 millionWarren Buffett on Excessive CEO PayCompensation at Whole FoodsBloated CEO salaries, subsidized by taxpayers, undermine American valuesCEO Compensation: A Problem That Just Gets Worse

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4 Responses to Exposing CEO Pay Excesses

  1. Pingback: CuriousCat: Tilting at Ludicrous CEO Pay

  2. Pingback: Curious Cat Management Improvement Blog » Tilting at Ludicrous CEO Pay 2008

  3. Pingback: CuriousCat » Another Year of CEO’s Taking Hugely Excessive Pay

  4. roman says:

    Although all these companies and their boards of directors claim to be 100% capitalists, their inner dealings are 100% communist and dictatorial thereby excluding their shareholders and employees from questioning executive excesses and unwarranted bonuses.

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