http://money.usnews.com/money/business-economy/articles/2010/07/27/6-unpopular-ceos-who-still-collect-millions
This is just an article I found extremely interesting. The amount of money the CEOs in this list have made since acting unethically is astounding. I wonder what else they do that we don't/won't even know.
Is this fair at all? Think of what the company could be doing with the money they are instead paying their failed leaders. They could be investing it, helping the company grow, paying out dividends, donating to a good cause, etc. This kind of stuff really bothers me, and makes me think about how they are pretty much rewarding the CEOs for their unethical behavior. That sure is what it seems like...
Posted by- Melissa Beechy
After reading the article you posted, it made me think of how poorly some organizations run their businesses. In a time of recession companies should be utilizing all of their resources to make the business grow and prosper, instead of making these ridiculous bonus packages worth millions of dollars. It is evident and clear that a CEO's pay is not necessarily linked to their performance. This allows room for unethical activity and immoral judgments.
ReplyDeleteThis was a good article to read to see all of the "Unpopular" CEO's that still made money even though they failed.
Does anyone think that there should be a limit to how much money a CEO can make?
Or regulations on bonus packages?
Very interesting topic!
-Kyle Turner
I agree, this is an interesting and important topic. Especially in times like these!
ReplyDeleteIt´s sad that pay is not linked more to performance and that CEO still have bonus packages without any counterperformance.
Personally, I don´t think there should be a limit on how much money a CEO can make. I think it´s hard to set a line thats everyone think is reasonbale and make work in practice. But it´s an important topic and should be discussed more in media to puts pressure at the ones who is signing these millions of dollars bonus packages.
- Eva-Lena Juhlin
This article ties along with the Salary Packages and Regulations that were discussed in New Zealand. Kyle, I do believe that there should be regulations on salary packages unless there is a reason shown why they should be exceeding the regulation salary amount. I completely agree with Melissa that they are rewarding their CEO's for unethical behavior by rewarding with high bonus packages. Because there is no position to watch over this behavior without potentially being punished, it causes employees to stay away from flagging unethical behavior in order to keep their company afloat. Without a CEO or leader, the company could fail and they themselves could lose their jobs.
ReplyDeleteThe real question is; how can we determine what the regulations should be depending on the different companies profitability?
-Lauren Mowers