Greed has increasingly become a virtue among Wall Street bankers and corporate CEOs in the U.S. Nowhere else in the world do CEOs insist on receiving compensation as high compared to what their employees earn.
Sentiment: NEGATIVE
Compensation needs to be predominately performance-driven. If CEO compensation was performance-driven, which I believe it was in IBM's case, nobody would ever argue. If the shareholders didn't make billions and billions of dollars, I wouldn't make millions of dollars.
It's not reasonable for companies that have chief executives and board members who are paid very considerable sums to subsidise low pay through in-work benefits.
CEOs of large corporations earn 400 times what their workers make. That is not what America is supposed to be about.
I don't feel I'm at liberty to speak about the actions of any one CEO. That's not fair; given CEOs have duties to their shareholders.
In life, you don't have a level of confrontation and the nonsense you run into when you're a CEO. CEOs aren't born.
I really believe that all CEO pay should be voted on by shareholders ahead of time. Mine was.
I'm the CEO of A$AP Worldwide. But as you can see, when I'm with them, everybody's equal. We don't really base our love off of finances or who's superior by financial status. We're all equal. When I'm with them, I'm letting them shine 'cause it's just like how it used to be. They still there. I'm just chilling out front.
Twenty years ago, you might have been pessimistic and said there's no hope. But these days, some of our very biggest companies are acting remarkably cleanly. And in some cases, although not all cases, the CEOs are the driving forces behind that.
If CEO compensation was performance-driven, which I believe it was in IBM's case, nobody would ever argue. If the shareholders didn't make billions and billions of dollars, I wouldn't make millions of dollars. My salary was the same for 10 years. It was all performance-based.
We all love people who give credit to others for their success. Companies would probably do better with CEOs who didn't blow their own horn and ask for ridiculous salaries and new yachts every year.