The Conservative Cave

Current Events => Economics => Topic started by: Chris_ on November 23, 2008, 12:16:38 PM

Title: American Executive Compensation Vs. Foreign Executive Compensation
Post by: Chris_ on November 23, 2008, 12:16:38 PM: Video Link (http://charter.net/video/?vendid=18&vid=166584&sc_cid=wvtaba1)

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.
Title: Re: American Executive Compensation Vs. Foreign Executive Compensation
Post by: RightCoast on November 23, 2008, 12:35:34 PM: 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.
Title: Re: American Executive Compensation Vs. Foreign Executive Compensation
Post by: Chris_ on November 23, 2008, 04:21:20 PM: So what is the point?

These guys might be overpaid but the shareholders allow it.
Title: Re: American Executive Compensation Vs. Foreign Executive Compensation
Post by: 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.
Title: Re: American Executive Compensation Vs. Foreign Executive Compensation
Post by: djones520 on November 23, 2008, 07:13:41 PM: 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.

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.
Title: Re: American Executive Compensation Vs. Foreign Executive Compensation
Post by: Chris_ on November 23, 2008, 07:43:59 PM: Quote from: djones520 on November 23, 2008, 07:13:41 PM
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.
Isn't Tokyo one of the most expensive cities to live in the world? And I have to assume major execs of multi-billion dollar corporations live in downtown, for practical reasons if nothing else...
Title: Re: American Executive Compensation Vs. Foreign Executive Compensation
Post by: DumbAss Tanker on November 25, 2008, 08:58:35 AM: Does that take into account the extensive Japanese tradition of kickbacks and payoffs from suppliers that are done off the books....?