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"CEOs like to justify their sky-high pay by saying it rewards their work in steering companies toward better performance. But a new analysis doesn’t give much evidence to back that up.
Equilar, an executive compensation consultancy, compared the salaries of 200 highly paid CEOs to their companies’ performance based on things like profitability, revenue, and stock return. Rather than showing a clear trend line linking pay and performance, the data is scattered. In fact, chief executive pay is only 1 percent based on stock performance, with 99 percent based on other things entirely."* The Young Turks host Cenk Uygur breaks it down.
originally posted by: Maluhia
The same can be said, perhaps more so about professional athletes. Yet, we keep watching the games, commercials, and buying the products they sell. If we really want to change thing we can - stop buying crap Apple products, stop watching million dollar athletes lose games, stop buying the products they sell. Seems easy enough, but, then we won't be cool like the media tells us.
Start thinking for yourself ...the biggest obstacle to overcome!
The worker on the floor knows more about how to improve their product and operations than most managers. They deal with it on a daily basis. They hear and see what managers don't see, yet most managers and CEO's wouldn't dare asking their peon workers feedback or implement their ideas.