Aliselia Aeon

I swiped this from Plurk:
Duke Energy CEO To Receive $44 Million Payout Despite Resigning On His First Day | ThinkProgress

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Sonja Aeghin

I saw the story elsewhere yesterday. It's fairly obvious regulators were lied to about the deal somewhere along the way. Even I know that it's complete bullshit that he'd get a severance package like that after only a few hours' work for the combined company. Bring in the state utility commission and the SEC and investigate like mad. Actually prosecute any wrongdoing found.

Lordfly Digeridoo

Or just hang and quarter the guy and be done with it.

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Void

I am in the wrong line of work, that's for damn sure.

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- These eyes can do more than see

Eunoli Rain

I wonder if any of the "market forces demand that CEOs make what they do" talking heads would say if ever confronted with the prices we'd be paying for -everything- if CEOs were only making say...ten times what their workers made - and the huge, instant growth to the economy as suddenly consumers could buy things because they were -affordable- again.

Maelstrom Eyre

I think it's pretty safe to say that most CEO's don't care whether or not their own employees can afford to buy the products that the company is making or selling.

As long as someone buys it, the company is quite happy to cut as many corners as they can and pay its employees the least amount possible.

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Eunoli Rain

Yeah, I don't think the answer lies in "market forces" or "trust corporations". I think that new regulations regarding the top levels for public company executive salary and more importantly, public pressure and disclosure are the only way this issue even begins to be addressed. And so far, neither is likely.

Brenda Archer

I suppose it's human nature to cook the goose instead of its eggs.

But it's also profoundly stupid.

Wrong Weatherwax

Agreed, though honestly I'm more concerned with the culture that places such a strong emphasis on profit maximization for stockholders rather than on corporate promotion of stakeholders. I think the CEO issue is merely the tip of that iceberg where instead of the promotion of the broader economy (through good business practices and realistic risk) businesses like this promote risk filled behavior with the expectation of perfect safety and then callously except this situation as somehow normal.

Regulatory practices that enforce positive corporate law and monetize risk should be at the forefront of this issue which hopefully by affect, will drag these golden parachutes back to reality.

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An education was a bit like a communicable sexual disease. It made you unsuitable for a lot of jobs and then you had the urge to pass it on. -Terry Pratchett

Aliselia Aeon

This kind of thing is a symptom, not the disease. One must address the underlying disease to stop the symptoms. Addressing only the symptom allows the disease to continue and worsen until it may become terminal.