Quote:
Originally Posted by jfelbab
So why do GM and Ford chiefs seem to get outrageous salary increases while they seemingly run the companies into the ground then ask for bailouts?
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I think that could be applied to all the financial co's in the bailout, and tons of other companies too. The CEO of Lehman got grilled over it in front of Congress last month. I don't know why there isn't more outrage, really, unless people just can't comprehend how large these salaries are, or that they just inured to them from the salaries of sports and entertainment figures, considering the National median annual income is $40,690.
Even if you make $100K/year, and worked from when you were 20 to 70 years old, you'd only make $5 million over your lifetime, and virtually all of these CEO's make that in ONE YEAR. And those would be the lowest paid CEO's. Think about that for a minute...even if you make a very decent salary, these CEO's will make way more in one year than you will in YOUR ENTIRE LIFETIME. I used to think it was kind of justified when an athlete made 1 or 2 million in a year, because their career could be very short, but this executive compensation is just completely out of control.