Is

[snafu]

Is BOA your financial institution? Why is BOA CEO being paid $ 7.5 million? What has he done to make him so valuable to his stock holders? Are high level executives really worth that much? Are egos blown out of proportion? Does this signal a new level of increases for CEOs? How does this compare with line personnel?

[dczech09]

Hey buddy! What a CEO of a big publicly traded company makes each year is none of your business. He is being paid what the board thinks he is worth. Now if you do not like it, then don't be a stakeholder.

That means do not have a bank account there, do not be a customer, do not be a stockholder, and do not be involved with BOA in any other capacity. Also do not complain about what he is being paid. Is crying about really helping you further your life?

Please do not get me wrong. I am not mad at you or anything. But seriously this whole concept of complaining about a company annoys me. If you do not like what they are doing and do not think their executives are worth that much, then don't do business with them.

If people would follow suit with this, BOA would lose money and would lose the ability to pay such large amounts to executives. Put your money in a bank that you like and ignore the other clown-banks out there.

[NetSkyBlue]

CEOs are going to make as much as they can, and pay line personnel as little as they'll accept. That's just the way the world works. The trick is to think like the CEOs and not accept less than you think you're worth. And do whatever it takes to get it.

I applaud the filthy rich CEOs. I wish I had it in me to do what they've done to get where they are.

[jpg7n16]

Well let's see, BOA has a market cap of $102.12 billion. And the guy responsible for running it is paid a couple million dollars?

Sounds about right to me.

Bank of America Corp: NYSE:BAC quotes & news - Google Finance

How much do you think they should be paid?
How much would you want to be paid to run a company worth over $100 billion?

[bjl584]

Is BOA your financial institution? Why is BOA CEO being paid $ 7.5 million? What has he done to make him so valuable to his stock holders? Are high level executives really worth that much? Are egos blown out of proportion? Does this signal a new level of increases for CEOs? How does this compare with line personnel?

CEO pay is a lot like athletes' pay. It comes down to ego more than economics. Like, "If that guy over there is making $5 million a year to run that company, then I want $6 million to run this one."

It also comes down to companies not wanting their perceived top talent jumping ship and going elsewhere. This is done by sweetening the pot to keep them on board.

But, it's all relative. If you are at the helm of a multi billion dollar company, then you should be paid accordingly.

[kv968]

Is BOA your financial institution? Why is BOA CEO being paid $ 7.5 million? What has he done to make him so valuable to his stock holders? Are high level executives really worth that much? Are egos blown out of proportion? Does this signal a new level of increases for CEOs? How does this compare with line personnel?

Actually his "salary" is about $1M and with other perks (i.e. pension and deferred compensation) his total compensation was about $2M. The other $5.5M was in the form of stock options. Still a lot of money but less than what the CEO's of other major banks were paid.

If people would follow suit with this, BOA would lose money and would lose the ability to pay such large amounts to executives. Put your money in a bank that you like and ignore the other clown-banks out there.

Not so sure if that would work either. As long as a company doesn't go bankrupt, golden parachutes help even if you do nothing for the company or not even stick around that long. See Nardelli at Home Depot and Apotheker at Hewlett Packard respectively.

[dczech09]

Not so sure if that would work either. As long as a company doesn't go bankrupt, golden parachutes help even if you do nothing for the company or not even stick around that long. See Nardelli at Home Depot and Apotheker at Hewlett Packard respectively.

If the company is losing so many customers and so many sales, they cannot afford the golden parachutes. The reason why golden parachutes can be afforded is because of excess profits. I think it is hilarious that people complain about golden parachutes, but they are the ones paying for them in the first place.

Believe it not, these businesses have a finite amount of money. There is an end to it. And the free market can put an even bigger damper on it. Its called the invisible hand.

[kv968]

delete

[kv968]

If the company is losing so many customers and so many sales, they cannot afford the golden parachutes. The reason why golden parachutes can be afforded is because of excess profits. I think it is hilarious that people complain about golden parachutes, but they are the ones paying for them in the first place.

Believe it not, these businesses have a finite amount of money. There is an end to it. And the free market can put an even bigger damper on it. Its called the invisible hand.

I'm not complaining about golden parachutes, I'm just saying the ability to pay them to a specific individual isn't necessarily tied to their performance. God bless them if they can get such a deal. I wish I could.

For example, I become a CEO of a company that has net income of $1 billion/yr. I have a golden parachute that says if I'm forced to leave I'll get paid $20 million. Well profits can fall by well over half during my tenure, the company still wouldn't go out business per se and I'd collect my $20 mil. Not a bad deal for royaly screwing up.