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 CEO's Put Strain on Economy
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According to a recent Washington Post article, American CEO's are beginning to put a strain on the American economy.  Amid war, increasing fuel prices, and massive layoffs, the brightest spot in our economy seems to be executive salaries.

The Post article states that the median wage increase for top executives was over 2.5 times the average median wage increase.

Do top corporate executives need compensation that is counter-intuitive to market economics?  I recall seeing a CEO in a television interview who said they sure do.  He said he would not even be able to enter the houses of some of his fellow CEO's if he made less money than they do.  Is this a true need or is this just greed?  This rash of materialism that is tearing our country apart must somehow come into check.

 

To read the full Washington Post article >>>Click Here<<<


Zacher Network Solutions is a sole proprietorship and relies directly on customer satisfaction for compensation.

Posted by zwebusa at 5:41 PM - 14 Comments   Add a Comment  
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Comments:

Sad to say, this is probably true. Greed can be a powerful enemy. It seems too many in today's society are succumbing to its temptations at the expense of others.  
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by JSM80 (PM , CC ) on Monday July 10, 2006 @ 5:51 PM




You know as well as I do it's greed  
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by Misty (PM , CC ) on Monday July 10, 2006 @ 8:23 PM




There are some CEO's that are definitely not worth it....Seems like their Boards would start to control this abuse. Or are they way overpaid too?  
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by Coloconnect (PM , CC ) on Monday July 10, 2006 @ 10:23 PM




Yeah JSM. I guess the root of our troubles lie at a spiritual level, not something we can fix with materialism.  
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by zwebusa (PM , CC ) on Monday July 10, 2006 @ 10:27 PM




Yes Misty gotta watch that greed. Thanks for Posting!!!  
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by zwebusa (PM , CC ) on Monday July 10, 2006 @ 10:28 PM




Colo, I think some of it is in the contracts these executives get when they are hired on. Most of their raises are set in stone when they are hired and not based on performance.

Good to hear from you!!!
 
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by zwebusa (PM , CC ) on Monday July 10, 2006 @ 10:30 PM




Just stopping by to say Hi Have a Great Day  
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by Misty (PM , CC ) on Tuesday July 11, 2006 @ 7:51 PM




GREED  
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by Lucy. (PM , CC ) on Tuesday July 11, 2006 @ 8:02 PM




Hey Z...does the disclaimer at the bottom of your blog mean you want us to send you money to keep your sole propriety running? You are a capitalist at heart  
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by Coloconnect (PM , CC ) on Tuesday July 11, 2006 @ 8:03 PM




Good to hear from you Misty. You have a gr8 day yourself!!!  
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by zwebusa (PM , CC ) on Tuesday July 11, 2006 @ 8:17 PM




Thanks for voting Lucy.  
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by zwebusa (PM , CC ) on Tuesday July 11, 2006 @ 8:18 PM




Sure Colo. Do you have a PayPal account and a Internet Development or Graphic Art project done?  
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by zwebusa (PM , CC ) on Tuesday July 11, 2006 @ 8:20 PM




Down with greed. You might find my loyalty in America article interesting, it refers to some of this greed in businesses today. Hope you have a good one. -JSM.  
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by JSM80 (PM , CC ) on Thursday July 13, 2006 @ 9:04 PM




Greed is the case with these people who think a million bucks is walking around money and it is corrupting us to the core...we need a change.  
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by ThePrairiePrankster (PM , CC ) on Monday July 17, 2006 @ 1:18 AM


 

 

 

 

 

 

 

 

 

 

 

   
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