Originally Posted by BucEyedPea
Good for him. You sound envious that it wasn't you able to pull that off.
Anyhow, anyone getting that does not make others poorer. You should be putting that on Bernanke and Obama. That is if you really cared about solving the problem instead of just being jealous.
Not a hard concept to grasp. Money paid to CEOs is money that could have been spent on new workers, new plants, R&D, marketing, training programs. All these things create jobs that create workers.
In many cases, these corporations are getting tremendously favorable tax breaks. Are they getting pumped into capital, workers, etc...? No. Executive compensation is skyrocketing while job growth is flat and the same workers are being asked to take on twice the workload.
Executive compensation is absolutely a problem. I have no problem with good CEOs getting paid handsomely. There is an enormous incentive problem when horrible CEOs are getting paid equally as handsomely.