Lover of Blue
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Do you really think it's the way of freedom to have the government dictating to people how much money they should be allowed to make?
Where's the evidence that it would keep costs down and increase the wages? |
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Stereotypemebecauseyouknow
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where do we draw the line? Why don't we put a cap on your salary? Do you make more than some people?
The problem with CEO Salaries is that stock holders rarely vote, and most have no idea what kind of deals are being made at public corporations. Maybe disclosure rules should be altered.
I find it interesting that all these young people have no problem with Payton Manning bringing in $100 million, but go nuts when someone who operates a large corporation takes home $20 or $50 million. |
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bud68
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CEO pay is not at the root of the financial crisis. And more government interference in private business is not the answer. |
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Earth2Dee
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Because as everyone pointed out, that would be the opposite of what a freemarket economy was about.
However, I do think that if a company is going to show up on Uncle Sam's door step with their hand out expecting some sort of government bailout that there should be restrictions on excessive salaries and bonuses for their management.
So if a company files bankruptcy or begs for government handouts, just like people can't use food stamps to buy stereos, companies have to drop the golden parachute bonuses and use those to bail themselves out.
Over regulation by the government will strangle the economy. But no regulation at all is like giving thieves the key to your store. |
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silverclrk
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It"s called the USA we are not a socialist society we are a capatilist society so get to your work if you want to make more. Now I do think these CEO's make way to much but hey thats life they worked hard and got what they thought they deservied for it. |
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Dementiax W
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Because America's a capitalist government. |
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joey.carter28
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Do you think the best CEO's would take a lower salary wage? Would you? The CEOs that make millions make that much for a reason. They guide the company into profits. If the company doesn't make profits, then the CEOs should be penalized. A pay-for-performance thype situation. You start cutting salaries, then you will start cutting talent. |
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Alex252
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I can understand having a minimum wage, but a salary cap is crossing the line. Even if they do make way too much money (which I believe they do), a PRIVATE company has the right to pay their CEO whatever they want.
Competition is what drives prices down and keeps wages up, not more government intervention.
If a corporation wants to pay every employee minimum wage in order to reserve the rest of the budget for the CEO's salary, then not many people are willing to work for that company, and they will lose out on profits as a result. |
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hklpanda
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Cause everyone would scream "COMMUNISM!" |
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tlt2005
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Because this is a capitalist country. We were founded that way. Where every American has the right to private ownership. If the government restricted private companies, then we wouldn't be a democratic capitalist country now would we? Then we'd just be another communist wannabe country. (i.e socialist) So yeah, theyve already made sure that no company can hold monopolies, so thats good enough. Competition is what runs this countries economy. SUPPLY AND DEMAND |
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Steve D
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First, it wouldn't really keep costs down for consumers. CEO's etc. making the big bucks are at the large firms - their millions of dollars in compensation are just a blip on the radar screen for companies producing billions of dollars worth of sales. And it is doubtful it would raise wages...when you raise wages, then you get into the area of price increases. Labor costs for most companies tend to be over 50% of the cost of goods produced. Even a small increase would find it's way through to the cost of goods you buy.
If the government tried to regulate salaries, you would see other types of compensation (stock options, etc.). And if you regulated every piece of compensation you could think of, someone would think of a way you hadn't thought of. And lastly, since there is really no constitutional basis for limiting compensation, I would venture a guess that the Supreme Court would rule any attempt to legislate limits on compensation would be null and void. |
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jareyn2002
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The government has no place in private enterprise except, to keep regulations and taxes low that the business have a fair chance to succeed and everything else is at the discretion of the board of directors and the share holders of any publicly held company. |
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DJF
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that may sound really nice/fair/happy but i think there is a reason they make so much money. as long as they are not doing anything illegal i dont really have a problem with it, though i still may be jealous. if you start controling the market with such heavy legislation you take away all the incentives for being a CEO. its about supply and demand as well as risk and reward. not anyone could be a CEO. |
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AlmostFamous
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i have noooo clue but its not fair |
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That_ blue_ eyed_ Irish_ lass
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they probably could if they wanted too.
I agree with you whole heartily |
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