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Costco changes electronics return policy - Nothing to See Here — LiveJournal

Feb. 26th, 2007

02:04 pm - Costco changes electronics return policy

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From:surpheon
Date:February 27th, 2007 01:48 am (UTC)
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He is strongly against insane CEO salaries.

I can accept a 10-12 multiplier over the salary of a starting manager (possibly without any degree beyond high school) versus the leader and single point of blame company co-founder. I actually expect it. A good CEO's position is very demanding on time and talent, and it has a huge impact on the company, so I think the pay should be set accordingly to attract and motivate the best talent possible. It's the 200 multiplier for guys hired by their golf buddies that is outrageous to me.

But I also find the pay given to federal level Senators and Representatives outrageously low - it should be at least $1,000,000 / yr. That level of government shouldn't just be a hobby for the independently wealthy or power fetishists.
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From:mavjop
Date:February 27th, 2007 02:09 am (UTC)
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200x multiplier? *gulp*

Ok, 10-12x seems very sane in that light. :)

You do have a good point about reasonably high salaries to get worthwhile CEO talent being sensible.

You make an excellent point for increasing government representative salaries. I tend to feel that it sucks to be spewing lots of money at representatives who usually don't really need it and are creaming off money in other ways ... but ... good point that increasing the pay would make it more enticing for people who aren't power hungry or independently wealthy. Very interesting point indeed.
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