Tuesday, February 17, 2015

Report: Overpaid CEOs hurt shareholders, employees and the nation as a whole

http://www.dailykos.com/story/2015/02/16/1364740/-Report-Overpaid-CEOs-hurt-shareholders-employees-and-the-nation-as-a-whole
"Some people may argue that it shouldn't matter to anyone but shareholders what a company pays its top executives. But the pay structures that allow this grotesquely out-of-whack compensation don't just harm shareholders, according to the report, "they also prevent corporations from paying decent wages to their employees." They also hurt taxpayers because the performance-based compensation is a write-off no matter how large. And, increasingly, that compensation is divorced from actual performance."