Anonymous wrote:They take no salary because salaries are taxed as income. Only us 99% suckers accept a salary.

CEOs defer compensation, take stock options, and use other means to avoid paying regular income tax rates. Hence their average effective tax rate under 20%.

That is not true. Restricted stock grants and stock options are taxed as regular income.

I don't have a problem with criticizing CEOs. I have a problem with making up facts though.

Anonymous wrote:

Anonymous wrote:And it's so random who ends up in these high paying jobs. Kind of like winning the lottery.

Not quite a lottery because tall, white men generally have a better chance than everyone else.

You are so right. So, it's a lottery among that demographic!

Anonymous wrote:And it's so random who ends up in these high paying jobs. Kind of like winning the lottery.

Not quite a lottery because tall, white men generally have a better chance than everyone else.

They take no salary because salaries are taxed as income. Only us 99% suckers accept a salary.

CEOs defer compensation, take stock options, and use other means to avoid paying regular income tax rates. Hence their average effective tax rate under 20%.

Anonymous wrote:I think a little risk has to be introduced into CEO compensation. If you do not meet your goals, maybe you get paid the average salary of your employees that year.

If you look at this chart, little of the top CEO's get huge base salary. Some of them take no salary.

And it's so random who ends up in these high paying jobs. Kind of like winning the lottery.

this is what happens when you are rich, you get a lawyer to look over your offer letter and rape the offering company regardless of your performance

I think a little risk has to be introduced into CEO compensation. If you do not meet your goals, maybe you get paid the average salary of your employees that year.

Exactly ten years ago, Fortune ran an article entitled "The Great CEO Pay Heist". The cover photo: Steve Jobs.

I don't think Chambers did that bad a job. His industry is commoditizing. Everyone thought he was a genius when they were growing with the big acquisitions. And for a while the strategy was working. But today the market is not the same. The space they are in (including the areas they are diversifying into) are rapidly maturing. There is not much growth to be had.

So really he is saddled with a mission that can't be accomplished. The shareholders have two options: start paying big dividends, or diversify far from networking technology.

Having had worked in sales, I know each of these CEOs would fire any employee who had similar results. Yet, they get paid and keep their jobs regardless of their results.

http://www.duggback.com/business/america_s_8_most_overpaid_ceos/