Why Huge Packages & Bonus for CEO's in USA and Next Actions to Govt

I think its once in life time or once in 100 years or so.. that we are facing this Credit crunch WW. Millions of people are losing / will be losing thier jobs.. Its all because of the greediness ( best case : Sub prime business) of the people in developed ( majority) and also we can see in the developing nations.. People created artificial demand, hyped / hijacked the prices from real estate to crude, food items and salaries etc.. everything in one nut shell.

Because of that people, companies are now facing severe problems in all fronts. Here I am looking at the current salary/package and also bonus for the CEO’s in USA. As per one report in 2008 the Executives / CEO’s /CxO’s got US $ 18 Billion dollars. Apart from that there are N number of CEO’s taking huge packages and still laying of employees..? What moral responsibility the CEO’S have ?
I feel ….

1. The US Govt .should quickly look at it put a CAP on all CEO’s salaries or total compensation per year to very realistic.. It could be perhaps 5-8 lakh dollars maximum.. that’s about 0.5 to 0.8 mill US $’s.

2. Also the Govt. should put self-moratorium on the bonus and dividend to share holders, employees and Employers for about 2-3 years till the economy recovers.

3. No CxO’s should be allowed to use personal JETs for business purpose even if these facilities are provided to the Companies.

4. CEO’s package should have a certain percent of component related to employee satisfaction. Probably to start with 20 % of their package related to EMP. SAT.

5. If the company fails to deliver profits the CEO, Board, Executive management should a package cut immediately when they announce the Qtr results.

6. Govt. should not allow a single company to become NUMERO UNO in many fields for example software, hardware, mfg, Services etc. This will reduces the greediness & exploitation in the companies to certain extent.


Like these many of the actions to be taken to get right the industry in the right TRACK and also avoid the mass layoff’s / sufferings of the employees in these difficult times..

I am keen to help, assist in what ever way possible to save someone’s job.

Sincerely,
Balaji …