Warren Buffet attacks executive compensation in America



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Topic: Politics > Politics-USA
User: "laura bush - VEHICULAR HOMICIDE"
Date: 04 Mar 2006 03:42:37 PM
Object: Warren Buffet attacks executive compensation in America
http://money.cnn.com/2006/03/04/markets/buffett_letter/index.htm?source=yahoo_quote
(snip)
While he defended Kilts' compensation, Buffett was less kind about the
overall state of executive compensation in the United States, saying
it was "ridiculously out of line with performance," a fact that's
unlikely to change in the current environment.
He said corporations should pay their CEOs relative to performance but
added that CEOs today can receive a bigger payout for being fired than
"an American worker earns in a lifetime of cleaning toilets."
.

User: "Scotius"

Title: Re: Warren Buffet attacks executive compensation in America 07 Mar 2006 02:48:51 PM
On Sat, 04 Mar 2006 21:42:37 GMT, laura bush - VEHICULAR HOMICIDE
<xeton2001@yahoo.com> wrote:


http://money.cnn.com/2006/03/04/markets/buffett_letter/index.htm?source=yahoo_quote

(snip)

While he defended Kilts' compensation, Buffett was less kind about the
overall state of executive compensation in the United States, saying
it was "ridiculously out of line with performance," a fact that's
unlikely to change in the current environment.

He said corporations should pay their CEOs relative to performance but
added that CEOs today can receive a bigger payout for being fired than
"an American worker earns in a lifetime of cleaning toilets."

They do, so of course he's right, and not only that but many
of them are getting paid huge money for running their companies into
the ground.
.
User: "Pest"

Title: Re: Warren Buffet attacks executive compensation in America 07 Mar 2006 12:39:37 PM
But it's the American way. Workers made more when they were less
productive. Now the American worker is more productive than ever and
in fear of loosing everything. Now with CEO's, they are ruining
American industry and getting the most compensation ever imagined.
Only in America.
.



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