Why do corporate leaders we get paid too much?

[Deja Q]

Why do they make the cost of living so high then?

And how are we supposed to live?

I know the answer.

Do you?

[Jayhawk Lib]

1. How much is too much???

How much should it be? Who determines what they do get paid? Should government control how much anyone makes??

A lot of questions but after giving much thought, I have many more questions than I have answers.

[Deja Q]

2. Corporates make goods. Consumers have a choice in buying them...

Profits go to improve the goods.

Well, all that came from a 1950s loony tunes cartoon - and times have changed...

With luck I can pay my debts off in time so I can adjust to whatever future I have. And others told me not to declare bankruptcy so I'm going to... have faith.

[Double T]

3. How much can one individual be worth to a company?

I do not believe any executives in management are worth multi millions of dollars per year. These overindulgent salaries are a drain on a companies profits that could be used to improve the overall performance and longevity of a company. Wall Street has installed these robber barons to siphon off profits for shareholders regardless of any other factors. When company mission statements place the shareholders above all else, the company has lost its way. What ever happened to putting the CUSTOMER first? What ever happened to employees sharing in the profits for their hard work? Corporate America has screwed up royally and sold out our nations future to make an elite few extremely rich. It is a disgrace.

[Jayhawk Lib]

4. It is the board of directors who determine ceo's salary.

The board of directors are elected by the stockholders so ultimately it is the stockholders that determine the ceo and salary. The stockholders with the most shares have the most votes and they are the ones who have the most to lose or gain from the choice of ceo.

If the company does not put the customer first the customer will go elsewhere for their product. Many companies do share profits with employees. The main benefit for the employees is they have a job and they are hired to make money for the stockholders.

The only reason for a company to exist is to make profits for the shareholders. If the shareholders do not make profits there is no need for the company to exist and hire employees.

I know this sounds cold and hard and it really is, but it is a fact of life.