Current Events > Economics
American Executive Compensation Vs. Foreign Executive Compensation
Chris_:
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Japanese CEO, of one of the top ten airlines in the world. Earns $90,000 a year, takes public busses to work, eats lunch in the office cafeteria, etc.
RightCoast:
Faux covered some of this yesterday...I don't remember the exact figures but it was something to the effect of the top 25 executives of Toyota combined - who is showing profit - make less the the CEO's of ford/ gm who are both showing huge losses.
Chris_:
So what is the point?
These guys might be overpaid but the shareholders allow it.
Jim:
Got to remember that Japanese companies would be nowhere without direct government involvement.
And does this 90k include the perks ? 90K won't pay for the golf and blowfish much less the concubines.
I'm not really buying it.
djones520:
--- Quote from: Jim on November 23, 2008, 07:09:33 PM ---Got to remember that Japanese companies would be nowhere without direct government involvement.
And does this 90k include the perks ? 90K won't pay for the golf and blowfish much less the concubines.
I'm not really buying it.
--- End quote ---
Totally. Japanese cost of living is much higher then our own. The US was paying me almost 10 grand a year extra just to make sure we could make ends meet over there. I don't see the top exec of JAL only making 90K a year when I have a friend who worked in a chemical plant making almost that much.
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