The CEO Pay Debate
Some CEOs are putting in 100 hour plus weeks and are on call 24 hours a day. I don't know that 500K is "reasonable" for the expectations that will be placed on these individuals by employees, by stockholders, and the market.
I've heard of more than one CEO offering to do the job for $1 per year.
First, what kind of job performance do you expect from someone you're only going to pay $1 per YEAR?
Second, if the companies accept ... does that put them in violation of the Federal Minimum Wage laws?
Lastly, Pres. Obama has only been in office since Jan 20. Though I didn't vote for the guy, he's in on-the-job training in the toughest job in the country, and he can't make everybody happy. I think he'll learn quick what works, what doesn't, and do what he can to fix mistakes as quickly as he can. But if, CEO's start quitting, in wholesale numbers, from the companies accepting TARP money, what's the risk to the stockholders if no one wants to take the job ?????