VOX How did American CEOs get so RICH?
The Rise of Stock Buy Backs Tells Part of the Story.
This is an excellent video. It explains somewhat how our systems and factors encourage companies in general, and executives in specific to make short term business decisions rather than responsible better long term decisions.
EPI CEO compensation has grown 940% since 1978 Typical worker compensation has risen only 12%
VOX Executive Compensation Details
CNBC CEO vs Your Compensation Growth
The Rise of Stock Buy Backs Tells Part of the Story.
This is an excellent video. It explains somewhat how our systems and factors encourage companies in general, and executives in specific to make short term business decisions rather than responsible better long term decisions.
EPI CEO compensation has grown 940% since 1978 Typical worker compensation has risen only 12%
VOX Executive Compensation Details
CNBC CEO vs Your Compensation Growth
CEO's started getting rich when they figured out they could give themselves pay raises.
ReplyDelete--Hiram
I think that was the point of the articles.
ReplyDeleteJust use profits to buy stock instead of new equipment.
Automatic raise...
The assumption behind stock buybacks is that they help raise stock prices. I don't think that's necessarily true. To me, stock buybacks are evidence of a management without ideas and a bearish sign. The job of management is to improve the business, not manipulate it's stock price.
ReplyDelete--Hiram
Actually the board / owners set the goals and executive compensation plan.
ReplyDeleteUnfortunately often they seem interested in short term returns.