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Discussion and Debate
Discussion and Debate
Politics
American Politics
Let's look at the Green New Deal being presented in Congress
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<blockquote data-quote="GlabrousDory4" data-source="post: 73673914" data-attributes="member: 415804"><p>CEO compensation is set by compensation committees. Other CEO's of other companies are usually on these (part of the Board of a corporation). The idea is that they must attract the best and brightest but clearly there is a built-in incentive to inflate salaries because of the cross-pollination between boards. If CEO of Company X can get the CEO of company Y a hefty salary CEO of COmpany Y may also be on the board of Company X and help get the CEO of company X a hefty salary.</p><p></p><p>Here's a better description of the details (it is not as oversimplified as I laid out here):</p><p></p><p><a href="https://www.theatlantic.com/business/archive/2017/06/how-companies-decide-ceo-pay/530127/" target="_blank">How Companies Actually Decide What to Pay CEOs - The Atlantic</a></p></blockquote><p></p>
[QUOTE="GlabrousDory4, post: 73673914, member: 415804"] CEO compensation is set by compensation committees. Other CEO's of other companies are usually on these (part of the Board of a corporation). The idea is that they must attract the best and brightest but clearly there is a built-in incentive to inflate salaries because of the cross-pollination between boards. If CEO of Company X can get the CEO of company Y a hefty salary CEO of COmpany Y may also be on the board of Company X and help get the CEO of company X a hefty salary. Here's a better description of the details (it is not as oversimplified as I laid out here): [URL="https://www.theatlantic.com/business/archive/2017/06/how-companies-decide-ceo-pay/530127/"]How Companies Actually Decide What to Pay CEOs - The Atlantic[/URL] [/QUOTE]
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Discussion and Debate
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American Politics
Let's look at the Green New Deal being presented in Congress
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