Thanatos
12/7/2010 11:09:00 PM
In article <idlpot$jf$1@news.eternal-september.org>,
"Dano" <janeanddano@yahoo.com> wrote:
> "David Hartung" <david@hotmai*l.com> wrote in message
> news:otSdnW1k88cB_mPRnZ2dnUVZ_r2dnZ2d@giganews.com...
> > On 12/07/2010 10:26 AM, Phlip wrote:
> >> On Dec 7, 6:11 am, David Hartung<david@hotmai*l.com> wrote:
> >>
> >>>> I'm reasonably sure anything he or sure does isn't worth 80 or 100
> >>>> million to anybody. You?
> >>>
> >>> If it isn't, then he would not be making that level of income.
> >>
> >> Really? Please describe the mechanism that keeps his salary that high.
> >> If sales go down, for example, does something force his salary down?
> >
> > The salary of the CEO of any corporation is determined by that company's
> > board of directors, and is generally done on a contractual basis. The
> > terms of that contract determine when, if at all, the corporation can
> > lower the compensation of a CEO.
> >
> > I am guessing that you know this, and are simply unwilling to admit that
> > the wages of any employee, even that of the CEO are none of your business.
> >
> >> Recall that a CEO is chartered by a board of directors, typically his
> >> friends, and that he typically sits on boards for their companies,
> >> too.
> >
> > A CEO is an employee, and chances are that the any given board of
> > directors is made up of people who have a significant ownership in the
> > corporation. They will want the company to do as well as possible, after
> > all, that is how they make money.
>
> That's right. Money. That's all that matters.
To a business, yeah. That's why they exist. To buy and sell stuff.
That's why people start businesses: to make money. I know you yearn for
some utopian Star Trek fantasy society where everyone just wanders
around doing whatever makes them happy and they never get paid, no one
uses money, and no one wants for anything, but that ain't how the world
works.