Reflections About Compensation
Rudy Karsan -
Off the Cuff
Thursday, June 25, 2009 11:13:37 AM
There have been a lot of press clips recently about inflated compensation, especially that of bankers. A lot of these are led by the Obama administration as well as the business world in general.
The most intriguing thing I find is that there’s no one group that says a particular group makes too much. It’s always hedge fund managers saying CEOs and executives make too much, CEOs and executives saying venture capitalists make too much, the VCs saying bankers make too much, bankers saying entertainers make too much and entertainers saying professional athletes make too much, and so on. (And somewhere along the way we shouldn’t leave out the doctors as well.) Every group or class of highly paid individuals thinks the other groups make too much.
The question I have is, if everyone thinks everyone makes too much, then who’s not making enough? Let me throw a few suggestions out there: teachers, caregivers of young children, gardeners... I’d like to hear your thoughts.