China's new weapon: Low executive pay

Will globalization someday stick it to the man? Since high-level executives and other white collar professionals in Asian companies typically make less than their Western equivalents, these companies potentially will have a cost advantage. via CNET News.com

[jeana1]

CEOs skim all the cream off the top of the money pile, leaving the dregs for the shareholders. They take millions for themselves and give pennies to shareholders. China has the right idea.

[Greg]

What pisses me off is these big executives making six figure incomes while the working people that MAKE THEIR LIVING FOR THEM sometimes make a little over minimum wage. I hope to see a change someday but I don't khow what it's going to take, maybe a stock market crash like 1929, i just don't know.

[Wild Willy]

Executives live and die with the results they are able to garnish but, the CEO pay has gotten out of hand in public companies. What happends in a private company is private. The risk is all the theirs. In a public company many of these boards and CEO's are playing with other peoples money and can walk away when they louse things up. Being the leader is never easy. Long hours, stress and talent are not always easy to find but, when the results are not there and they get sacked how do boards justify huge exit packages?

[matt]

It would be absolutely great to see all the high priced management have to compete on the world market for their wages like they keep doing with their work force. How many times do you hear these high (overpaid) priced executives tell us that their labor (middle & lower class working people)are being paid (wages,benefits,etc.)to much and they must relocate the jobs to other countries to remain competitive. It is about time (long overdue) that these executives should have to compete for their jobs & pay on the same world market they subject their workforce to.

[Iria]

Wild Willy wrote:

Executives live and die with the results they are able to garnish but, the CEO pay has gotten out of hand in public companies. What happends in a private company is private. The risk is all the theirs. In a public company many of these boards and CEO's are playing with other peoples money and can walk away when they louse things up. Being the leader is never easy. Long hours, stress and talent are not always easy to find but, when the results are not there and they get sacked how do boards justify huge exit packages?

That's what I hate the most. Someone screws up, gets fired, and still gets millions in an exit package.

[Bob]

maybe we can outsource the politicians next

[F ENGELS]

What did Marx say? "To each according to his ability, to each according his need." Getting paid squat to to crap so fat oinkers can swill bourbon eat calimare and do each other over the table is not what he had in mind I believe.

[Rene]

They're making us a 3rd world nation by leaps and bounds and if the politicians just could be honest enough to pass an excess profit tax on them at about 75% and give it back to the people...

Outlaw lobbyists and that would help bring down these greedy bastards..

[Curious Ray]

matt wrote:

It would be absolutely great to see all the high priced management have to compete on the world market for their wages like they keep doing with their work force. How many times do you hear these high (overpaid) priced executives tell us that their labor (middle & lower class working people)are being paid (wages,benefits,etc.)to much and they must relocate the jobs to other countries to remain competitive. It is about time (long overdue) that these executives should have to compete for their jobs & pay on the same world market they subject their workforce to.

Hell's Bells just rang loud and clear with your's. Outsource management, now wouldn't that be just peachey. Sort of like Damiler Benz, Mazda, Toyota et al in Alabama. Problem is ... it takes big money to buy off the politicians and judges to get tax breaks and confiscate (eminent domain) land to build plants and infrastructure on. Them forigners are experts when it comes to money under the tableand walk off with the worker's retirement funds. Ask what's left of Scott Paper workers ... they'll tell you for true.