lobodomslavery
Posts: 2477
Joined: 1/17/2008 Status: offline
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Very well. But lets get a few things straight. Number one. She did not add value to the company if she did , She would not have been fired. She was outrageously over paid. But She is not the only one. There are many men that are over paid too. They are not delivering and hence we are in the situation we are in, not getting any value for money and not making any economic headway. Consider this as an alternative given our collective economic paralysis at the moment. I believe that salaries at the top end need to be adjusted. Downwards. Why? What benefit will this give to companies and society as a whole? Firstly it will allow companies to hire. Companies that are not hiring will be able to hire entry level staff which are much needed at the moment but cant be afforded because people at the top are being over paid. Really top managers should not grumble about a salary give or take a 10% margin of $200,000 to $250,0000, top CEOs should be happy , given our economic circumstances with a salary of around $750,000- $800,000 again give or take 10% and not the current $2- $3 million which means that companies cant afford to hire staff. And why not? Because they cant afford to and why is that? Because they pay their top guys and top ladies too much and these guys at the top are not justifying their salaries. So hence we have the worst of both worlds. We have non existent growth, we have huge levels of unemployment and we have companies unable to hire staff. We have existing staff with disproportionate work loads, doing the work of more than one person in many cases and this is putting an unfair pressure on them. Reduce the top salaries and what happens/ Suddenly there is an extra few quid. Suddenly instead of paying a CEO 3 million dollars or 2 million dollars or some figure like this you pay them 800,000 and whippededoodaday there is an extra $1.2 to $2.2 million dollars to pay for much needed extra staff. 1 million dollars , would pay for 50 entry level staff in each company, earning 20,000 dollars each , it would certainly bring in extra staff anyway , you could get say 10 supervisors paying them 40,000 each and 30 clerical staff paying 20,000 dollars each. Do this in every company and the unemployment situation is fixed. What are the other benefits? Our collective finances improve as more tax is brought in. It is a win win but sadly there are too many companies out there that are too greedy or too irresponsible to conceive of it. And if the staff dont work out they can always be fired. By not even thinking about hiring and paying your top guys way in excess of what they are delivering for the company you keep the recession going. And ultimately if a company does not take a chance on hiring new blood our collective economies will never recover kevin
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