Re:Carly Fiorina: Government shouldn't decide executive pay
by njharman on Thursday February 05, 2009 @08:03PM
(#469113)
Actually by limiting pay you will get people who are only interested in bringing a dead company back to life as opposed to people with other motives such as grabbing as much wealth for themselves before the bubble bursts.
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Re:Carly Fiorina: Government shouldn't decide executive pay
by jmtulloss on Thursday February 05, 2009 @10:13PM
(#469282)
That's true, and that's a big weakness in my argument. However, if the hypothetical "best guy" can't bring himself to turn down 50 million at a competing (and probably quite close to death) firm, then the firm that needs him most should be able to pay him. There is no reason for arbitrary limits, especially when they incentivize the people most capable of saving your firm to join your competitors.