Pigs at the Trough

One of the reasons that there is very little manufacturing or production in USA are the higher labor costs. The grossly overpaid CEO’s of US companies are one of the reasons why the labor costs remain high.

In all companies, the chief executive has more responsibilities and usually devotes more time on company related work than a junior level executive. However, the time spent is usually only a few hours more than the standard office timings and does not justify salaries which are many hundred times the salaries of an average worker.

Though company policies highlight the importance of “teamwork”, the inflated salaries of CEOs indicate that most of corporate America values the CEO much more than any one else. The pay is often not linked to performance and even CEOs whose contract is terminated make millions of dollars.