Like many other defenders of this phenomenon, Snow compared this trend to the soaring increase during this period in the compensation of other "stars," such as top baseball, basketball, and football players. Reports about the high pay of star athletes are often greeted with awe and approval rather than outrage. The rise of executive pay, its defenders claim, is no more problematic than the fact that, say, Red Sox slugger Manny Ramirez is paid much more than earlier stars like Ted Williams.
[This article was provided with permission from Harvard Business School Working Knowledge.]
I totally agree with the points mentioned in the article, during my interactions with several companies especially the middle management finance team have come across the hidden facts of the company. Many companies today especially in the service industry have not been able to make profits is because of the huge compensation demanded by the \"stars\" of the companies which includes first class travel tickets, 5-star stays during their business trips etc. Being a Co-founder myself of a Marketing
on May 5, 2013