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Jumat, 15 April 2005

Executive Paywatch

The time for reform of CEO compensation is long overdue. It's not just that these guys make the big bucks; it's that 1) their salaries are so exorbitant that they're being funded at the expense of employee salaries and benefits, and 2) compensation is not tied to company performance, so the CEOs get paid megamillions of dollars even if the business is failing. CEOs ought to be held to the same performance standards as their employees, and they ought to be compensated fairly.

Now, the AFL-CIO has provided a way to find out just how much CEOs in the U.S. got paid last year. Lots of good info at the site; check it out. Just take your antacids first.

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