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Are Ceos Paid Too Much Research Paper

427 Words2 Pages

Justin Liberatore November 11, 2014 Ms. Stoneking English 111 My Issue: Are CEOs paid too much money? Overview of debate: It is historically known that many CEOs are grossly overpaid for typically doing far less work than most people think. CEOs act as company figureheads. They are often depicted sitting in big black leather chairs at the head of boardroom tables, or in oversized offices with multiple assistants running amuck doing work the CEOs were hired to do. Studies show that as CEO salaries increase, productivity decreases. Since CEOs are already affluent, they are not motivated by large sums of money, but they are in it for the challenge. On eventful days, like Black Friday, holidays, and vacations their employees slave to serve customers while CEOs relax with family and friends wining and dining. For ex, as an employee of Best Buy, I’m required to give up my Thanksgiving to work from 6PM to 6AM while Mr. Best Buy fattens his belly on Turkey, gravy, and all the trimmings in the comfort of his own home. …show more content…

But there is an undeniable level of mistrust and lack of respect for greedy CEOs, which is counterproductive in the long run. Stance on debate: Congress needs to step in to legislate caps on CEO pay. In a dollar driven world, it is easy to get caught up in the frenzy of demanding higher salaries to live the high life more extravagantly. However, in 2000, the average CEO made 531 times that of an hourly worker – that’s inexcusable. Congress can push for greater public awareness toward putting caps on CEO packages and closing the gap between CEOs and the employees. The overall effect would move our culture toward a fair and balance society instead of the haves and the have

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Reference Mackey, J. (2009, 6 17). Why sky-High CEO Pay is Bad Business. Retrieved from Harvard Business Review: https://hbr.org/2009/06/why-high-ceo-pay-is-bad-business Melin, A. (2018, 1 23). Executive Pay. Retrieved from Bloomberg: https://www.bloomberg.com/quicktake/executive-pay Umoh, R. (2018, 1 22).

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