Does America need more Regulations?
@handsomeitaliano (1050)
United States
October 1, 2008 4:51am CST
Companies should be able to pay their executives what ever they want, and give them huge bonuses and severance packages if they choose to, but shouldn't the government require these companies to inform their customers and investors and new customers and new investors that their executives will get rewarded if they make bad decisions with the investor's money? This way people will be informed and they can choose which bank or investment they want their money in, and people can choose to invest in an executive who has something to lose if he makes bad decisions with my money, or invest in an executive who has nothing to lose if he does a poor job with other people's money. What's everyone think?
1 response
@ms1323 (259)
• United States
2 Oct 08
What I want to know is, why on earth do these companies choose to pay these executives for their failures? Wouldn't it be more beneficial to those companies if they offered bonus' and salaries based on performance? So in the hiring contract it would state something like: "If we meet or exceed corporate expectations under your leadership you will get this amount of bonus. If on the other hand, you fail to meet these expectations your bonus will drop, based on the percentage you failed."
But then again, why should they care if they all win in the end anyways?
