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How does a corporate auto executive get to make 15 million dollars a year in salary alone ?...?

...Is anybody worth this much ? Do these guys actually fill out a job application ? How do they answer the " desired salary " slot .......ah, 15 million dollars will be about right, sir ?

Asked By: - 11/28/2010
Best Answer - Chosen by Asker
I believe that decoupling executive "bonuses" from the performance of their companies is part of what’s gone seriously wrong in American business. Even such a nominally right-leaning source as Fox News seems to get it... More
Answered By: Jacquelyn - 11/29/2010
Additional Answers (2)
Free market capitalism says that an item is worth what it sells for, and that a person earns what his employer is willing to pay. Apparently in the auto executive world, the going rate is $15 million. Is this right or fair? A free market capitalist would say that if the employer was willing to pay it, then it must... More
Answered By: Chance - 11/28/2010
 
The real question is where is the board of directors' minds when they vote to approve a pay like this (which obviously will come out of company profits.) They are thinking that we need to keep this guy to run this company so that it makes money for all of us. The Tyco board of directors seriously thought this of Dennis... More
Answered By: chattern - 11/28/2010
 
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