Friday, July 30, 2010

HR Undercover

Your Tales From the Workplace

Are Top Execs Compensated Appropriately?

Posted by admin On June - 2 - 2009
greed

To appropriately answer if they are, I want to remind everyone of a Yogi Berra story. He was about to fly back to New York with the Yankees when one of his team-mates asked him “What time is it?” In typical Yogi fashion his answer was at first bewildering, and then funny. He responded, “Do you mean ‘now’? Of course poor Yogi meant, do you mean in New York or LA, but everyone got a kick out of the answer.
So are top executives compensated appropriately…do you mean ‘now’? Probably they were compensated appropriately according to past benchmarks, market acceleration and loose government/public awareness. But today, well, no they are probably not…but then again the only ones who are going to lead us out of this mess are going to be business leaders and investors…how that will play out is anyone’s guess…except of course if we socialize the whole economy…which will “cost much and produce little”.

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