Meanwhile, your executives have all left because they certainly don't have to work for anything less than they find agreeable. Then you have the problems currently enjoyed by Mount Sinai Medical Center in New York, which is flirting with bankruptcy due in no small part because it took them over a year to find a CEO while the hospital drifted aimlessly and hemorrhaged money. Or worse, the company goes under, everybody is out of a job. Hey that's better!
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Let's take a look at this.
I don't know what MSNC was offering. If it was 100k a year, then you are right as far as that place goes. Of course perhaps there are other factors the CEO.
Unfortunately, small and middle sized businesses have to spend compartively huge amounts on money to attract CEO's. They get crushed by MegaCorp USA, who if Joe Middlesize Co. strapped themselves financially to hire whoever. That is a real problem. No one can compete with Enron, and look at the quality people they had. Maybe Tyco International too?
So, they do not have to work if it does not suit them. Ok, then others will step up and they can live off their bank account, because I sure would change those golden parachutes too. I guess if they need money, WalMart could use more baggers.
Where are these people going to go? France? Go to a different company who offers them more money, breaking continuity at a place that was working just fine-thank-you?
So, will business pay those big wages to have them taxed? No. Will big execs pump gas? No. They will adjust to their paultry few million a year and live with fewer gold plated trinkets. The money then stays in the corp, and the incentive to lay off people to increase their bonus is gone.
Maybe workers will do a little more too, knowing they arent getting downsized while Big Jim soaks up more and more.