If there were justice in our industry ...

Wed Jul 23 10:17:06 PDT 2003

On Wed, 16 Jul 2003 00:34:54 -0700 
Roy S Rapoport <rsr at inorganic.org> wrote:

> This is eerily similar to the argument that CEOs should be paid a lot
> of money because they take a big risk managing a company, since their
> fortunes are tied to it, even though it seems that the last person to
> typically get laid off by a company is the CEO.

Lou Gerstener (ex CEO IBM) in "Who Says Elephants Can't Dance?" suggests
a much simpler and more direct source for high CEO compensation rates:
Its a Garrison Keillor problem.

  ...where all the kids are above average.

Periodically various sources publish studies of CEO compensation rates
for various industries, among other things stating what the "average"
compensation rates are for each field.  Of course nobody wants to be
"below average", most especially when they are CEO shopping.

-- 
J C Lawrence                
---------(*)                Satan, oscillate my metallic sonatas. 
claw at kanga.nu               He lived as a devil, eh?		  
http://www.kanga.nu/~claw/  Evil is a name of a foeman, as I live.