Sunday, August 19, 2007
Just compensation and the economy...
Monetary compensation at a level commensurate with hard work and productivity is justified but excessive compensation such as many CEOs and corporate management personnel are receiving when their companies are either losing money or fail to pay dividends is not justified. The level of compensation should be based on performance and not solely position. A more equitable distribution of profits (a corporate or nation's wealth) should be based on performance for all who produce effectively and efficiently. A fair and equitable distribution is a prerequisite to maintaining a healthy economy, a content electorate, and our nations's stability. None of these prerequisites are being satisfied now.
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