05/16/2004: Funny, I thought I saw this suggested about a year or so ago....
Brian Leiter points us to a commentary dated May 6, which surprises me because I know this is an idea that I've seen suggested with tongue in various depths of cheek quite a time ago (about a year, give or take say a month): Outsource CEOs, not workers.
American companies are busily outsourcing workers when they should be insourcing CEOs from other countries. U.S. CEOs are way too expensive.I've yet to see a justification for the discrepancies between US CEO salaries and those overseas; all I know (based on my own reading) is that the discrepancy isn't related to CEO competence; some of the most bloated salaries have been paid to some of the most incompetent CEOs.... And let's not get into the outrageous salaries paid to CEOs who turned out to be not only incompetent, but criminals.....
U.S. CEOs make 23 times as much as CEOs in mainland China, 10 times as much as CEOs in India and 9 times as much as CEOs in Taiwan, according to the latest Towers Perrin worldwide survey.
European and Japanese CEOs run many of the world's leading companies for a lot less pay than Americans. U.S. CEOs make five times as much as CEOs in Japan, four times as much as CEOs in Spain, three times as much as CEOs in the United Kingdom, France, Italy and the Netherlands, and twice as much as CEOs in Germany and Switzerland.
More proof that there is no such thing as a just God.
Len on 05.16.04 @ 07:44 PM CST