Home > Uncategorized > Controlling CEO Pay Won’t Be Easy

Controlling CEO Pay Won’t Be Easy

This article discusses the salaries of top CEO’s.  President Obama proposed cutting the salaries down to $500 thousand a year.  This caused an outrage.  With the CEO’s claiming that they could not live on that little amount of money.  It has taken many years for these salaries to become so inflated and the problem will not be solved overnight.  Certain steps should be taken to slowly ease these CEO’s into their new salary.  Some say they get paid so much because they are good at their job but actually the company could find someone else to do that same job for less money.  In my opinion CEO’s are overpaid and as long as the government are bailing these companies out then the CEO’s massive salary should be one of the first things to be cut.

<http://www.business-ethics.com/node/112&gt;

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