As you would expect, my interpretations of the articles referenced by Herd Enuff’s comment are much different than the musings of the young lad known as the Velvet Hammer.
I’m assuming the young lad chooses to ignore the aforementioned differences between the private and public sector for a reason. Perhaps it’s because of the harsh realities of situations like the Enron scandal. Or maybe the real need for legislation like Sarbanes Oxley, or the latest SEC disclosure rules – designed to protect the “average” investor from greedy C-level execs. Unless you’re a strict libertarian, you’ll have to admit that you enjoy the benefits of our “horrible government intervention” every day.
I also don’t buy the implication that these greedy types are the only ones that could be effective in these positions. If so, how do you explain the highly effective people that aren’t under media scrutiny for excessive compensation.? Perhaps their reasonable compensation is the result of the very market factors to which you subscribe – who knows for sure?
I do know that our musings won’t change anything. I’ll agree that at the end of the day, our free market will have a major impact on the compensation issues we’ve raised. Unfortunately, the pressure will NOT come from individual investors like us, but from the major fund managers and institutional investors. That’s where the influence resides.
So, in the sales management world we choose to participate in, let’s return our focus to building compensation plans and sales organizations that are motivated, successful and proactive in selling.
I think we can agree on that?
P. S. The only pro athletes that are worth their contracts are hockey players.