You are paid too much
Why...
Have I gone all ‘Jeremy Corbin’ and ‘Bernie Sanders’ on pay? If you set up your own business, gambled everything, worked long hours and against all odds made a success, you deserve every penny; so long as you also appreciate those that helped you. Show me a self made gazillionaire and the quality of his character is not the amount of money he made himself, but the others he made rich along the way. What use he has put surplus cash to is also a good yardstick. Yes, a jet if you must, but not with solid gold loos. But endless spending on self self self shows a deeply insecure narcissist (I am referring to some Rap Artists, Reality Stars, Actors Actresses and the late Leonora Helmsley). CNN and WTBS founder Ted Turner maybe one of the largest landowners in the US and it’s most charismatic entrepreneur, but he gave US $ 1 billion to the UN. I cannot speak for Bill Gate’s business methods but he has at least put his proceeds of Microsoft to good use. What I am finding hard to swallow is the salaries for CEO’s and CFO’s for publicly quoted companies that run into tens of millions a year, even when failing to hit targets and with collapsing share prices. I am a filthy money loving scumbag and admit I like many fine and expensive things. If I have a successful year great. If not, gritted teeth. But had I still been in the corporate world working for an established company, is there not a salary level when you are just taking the piss? Although I expect a CEO to be compensated and also get a bonus tied to performance... surely there is a limit? Take David M. Zaslav - CEO Discovery Inc. Total compensation in 2018, $129.49 million. That seems a bit excessive or the two CEO’s at Oracle at around $108m with stock options. In fact Fortune and Forbes magazines reported recently that some of the highest paid CEO’s were running some of the poorest performing companies. How about Kent Thiry of dialysis chain Davila getting $32m with a negative return of 29% or Art Pack at Gap getting $20.8m when during his four years they had a negative return of 21%. What the hell are the remuneration and compensation committees doing... oh yes. Of course. They are mostly made up of equally overpaid overbearing overlords. I don’t wish to come across as Mary Poppins but this kind of remuneration in a public company comes across as just vulgar!
