Compensation Peer Groups News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Steve jobs of apple made $749 million. richard fairbanks ceo of capital one made off with $569 million. okay. so ceos in other words make an astonishing amount of money and we know that. if we've learned anything from our friend tony hayward it is not because they are all great at their jobs and totally worth it to the company they work for. ceo pay is not in fact a meritocracy but a result of the cozy relationship between ceos and the people who decide how much ceos should get paid. here is how it works in a nutshell. the board of directors has to determine how much to pay their ceo but it ju...

Compensation peer groups to artificially inflate pay for their chief executives. so they pick out other overpaid ceos and choose them as examples of why they need to over pay their ceo. neat system, huh? this whole system would be more frustrating than intourç ratin if it weren't for the fact that ceo pay is a cause and symptom of the sagering increase of unequalty in this country. take a look at this. this is how much better the poorest people in america are doing now compared to 1979. this is adjusted for inflation. it's income. okay. look at that. if you're in the bottom fifth of the inco...