Ted Rall for November 24, 2014
November 21, 2014
November 25, 2014
Transcript:
No one expected this: the more corporations are forced to reveal what they pay their CEOs, the more they pay them. (P. Raghavendra Rau: How do you tell your shareholders you have a great CEO? "For proof, we pay him peanuts?" They never say they do that.) But corporations have the exact opposite approach to salaries paid to their other workers. (Andrew RosS Sorkin: Most employers seek to hire people at the lowest possible cost while still paying them enough to... keep them from leaving.) So the ideal salary structure for an American company is one excellent executive... (Man: The best chief executive makes the most money!) ...who presides over a workforce full of idiots. (Man 2: We could fire the idiots and replace them with twice as many morons.) (Man 3: Smart thinking!!)
