Quote:
Originally Posted by Bullitt
... It would be extremely unfair to him to cut his salary just to diminish wage disparity. Of course a company should reward its employees generously, including everyone at the bottom. But I find fault in allowing that mindset to blind a person to the fact that many executives actually deserve high pay. Not all of course, there are many that will bleed a company dry for their own personal benefit and toss its employees around with no regard for their income needs. But not every executive is like that, and I object to any sweeping assertion that every executive in corporate America should have an artificial wage cap. My father may make almost 6 times what the average worker in the plant does, but he again earns every penny of it. To artificially deny him that fair compensation, dictated by the head of the company, is greed in the opposite direction. Greed by those who think his work is just making powerpoint presentations and playing golf all day. Greed by those who assume an executive's job is among the easiest professions in the world, and because of that executives owe everyone below them a piece of their salary pie. I assure you, there are highly paid executives of some companies that deserve the pay they are rewarded...
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Bullitt, kudos to your dad. You said he earned 6x what the average employee earns. That is in no way out of balance. I'm talking about the executives that earn hundreds x more. On average, a CEO makes close to 500x more than what the average employee earns. THAT is what I'm talking about. By the standards that I would apply, your dad would probably earn more, not less.
And ftr, I am demonizing ALL executives. I am only demonizing the greedy ones.