Are executives paid too much???

[Wysiwyg]

Re: Are Executive Paid Too Much???

Why is it greed?
Extraordinary results justify, indeed demand, extraordinary rewards. How wonderful it would be if every CEO of the companies that I am invested in turned in similar results and received similar rewards! anon

Many many many workers GIVE their mind (concentration , input , time) their BODIES (lungs , eyes , skin , hearing) and some I have seen have given their bloody souls for companies.

Show me your defence of these FAT CAT FEES.

 

[YELNATS]

Re: Are Executive Paid Too Much???

Moss's annual income does seem enormous, but as I understand it, it's made up of a basic salary plus bonuses, and this arrangement applies to most of MBL's staff. i.e. they don't get the big bucks if they don't turn in the results.
And Macquarie does turn in the results.

Is Moss doing such a fantastic job or is he just riding the MBL wave? How would MBL go without him, and with someone else at the helm? A lot worse? I hardly think so. Maybe it's a case of the MBL team being so strong, and he can't take all the credit for that, that "even a drover's dog..." could head the organisation and make a success of it.

 

[Julia]

Re: Codswallop!

Codswallop!

So, those CEO's that stuffed up shareholders value and walk away with huge salaries are giving what the shareholders want??? I don't think so, and there are numerous examples of this in recent times.

It is about greed and self gratification!

It's like Branson said, he'll take passion over education anytime.

If you had read my original post in this thread, you would see that I have already commented on the amounts paid to failed CEO's.

Whilst I respect Branson's achievements, I find that particular statement too much of a generalisation to be meaningful. What passion? Over what education?

 

[doctorj]

Re: Are Executive Paid Too Much???

When I read people whinging about the income of the MBL big boys, I can't help but wonder how many of them are MBL shareholders. If you aren't a shareholder why do you care?

Is there a socialist in all of us, fighting to get out?

 

[itchy]

Re: Are Executive Paid Too Much???

get over iit ppl, its a free market economy and it is just allocating its resources. demand for ceo and supply for ceo's is setting the price.

Re alan moss who really cares, good on him i say. All the whingers are just jealous. And guess what...... if mbl shareholders really thought it was over the top they would... you guessed it kick up a fuss and change it!

everybody is so quick to judge these guys, but if they were in there shoes im sure they would do the same...getting results for the shareholders, their job.

 

[megla]

Re: Are Executive Paid Too Much???

I was once told by a HR exec that a persons salary will not equate to a reward once it reaches a certain level. That level is different between all of us, but essentially, when all our normal living needs are taken care of, then excess funds have a diminishing returns affect. Another words, the more you pay them, the less growth in performance you will gain.

What's his name, Hertzberg (I think), said extrinsic tangible rewards are like food. When you are hungry, you feel like you can eat a horse, but as soon as your belly is full, a person can offer you cream cakes and chocolate yet you wont be interested in consuming them. Money is the same as the food, at some point sateity is reached and it becomes irrelevant and serves no purpose in the motivational scheme of things.

The motivator then must move to the intangable, such as status, peer acknowledgement etc - items no money can buy. Yet we are led as sheep to believe the more we pay, the better the performance, when in fact, if the boards offered better ways to satisfy the higher grade needs, we would certainly see better performance - regardless of wage.

I have seen people paid woefull salaries, and because they had the knowledge and passion, performed extremely highly and only so they could blow their own trumpet and say "see, look what I did!" Money didn't matter..

Yes we are all jealous, hell, $33m and I would be more than set - but would I still seek to work? You betcha! My share trading is for fun, the thrill of the chase - not to make money, I am already comfortable.

Yeah, I know, ramble ramble ramble... :

 

[Broadside]

Re: Are Executive Paid Too Much???

Yeah, I know, ramble ramble ramble... :

Not rambling, that is a great post.