CEOs come under increased scrutiny

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CEOs are under the microscope like never before.

With the recent bailout of such industry giants as Fannie Mae, Freddie Mac and American Insurance Group, many are casting questioning glances toward the people in charge.

They're wondering if these are the right people to be leading these companies. I wonder too. Many of these executives are earning 400 times the amount of their rank-and-file employees - 400 times!

Now I appreciate talent as well as the next guy, but I seriously question whether ANY top executive deserves that kind of compensation. And I bet most people feel the same way.

Clearly, these companies need skilled people at the helm. But let's come back down to planet Earth and pay them a salary that's more in keeping with the overall operation.

About this blog

Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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About this Entry

This page contains a single entry by Kevin Smith published on December 12, 2008 6:50 PM.

The future of reporting... was the previous entry in this blog.

Stupidity, losses and then the bezzle is the next entry in this blog.

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SanGabe.biz is the San Gabriel Valley Newspaper Group's online resource for local business development. Get info on tax law, accounting, legal forms, marketing, sales and more.
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