how to create barcode in vb.net 2010 THE POWER OF THE CORPORATE EXECUTIVE in Software

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THE POWER OF THE CORPORATE EXECUTIVE
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Truth be told corporate executives are among the most powerful people in our country, perhaps even in the world. Because we are a democracy, and corporations are basically democratic, we have bestowed power upon these executives. This right of kings is very crucial to defining the values of our society. It is no minor point. This came to mind while reading The Guns of August by Barbara Tuchman, who notes that in 1910 most countries with the exception of the United States and France were still ruled by monarchs. Many rulers of these royal dynasties were related to each other and endowed by vast wealth through birthright and general consent of the population. All of that came to a crashing end by 1920 when most monarchies were replaced by democracies or Marxist/Communist rule. To some degree in our modern world, monarchies have been replaced by corporate rulers, whom we collectively endow with an inordinate amount of responsibility and a commensurate, inordinate amount of wealth. I m sure Jack Welch is worth more than a good number of pre-1900 European potentates. The downfall of kings, however, serves as an important lesson and warning for today s corporate royalty. A century ago, a more enlightened populace began questioning what the crowned heads actually contributed, as opposed to what they cost. Today there is a strangely similar sentiment in Corporate America. Shareholders and activists are seeking to have more say
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CHAPTER ELEVEN Vision for the Future
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and hold more sway in corporate policies, including compensation matters. The sense of outrage over the state of executive pay is real. Why do corporate leaders make so much Should the CEO really be paid more than 400 times the average worker (That did not happen, of course, because the average worker s pay went down.) The public is aghast at these pay levels, and yet few people in the executive ranks seem to want to do anything about it. But this apathy only perpetuates the problem and must stop now. For the wellbeing of Corporate America, it s essential that we all work together toward a healthy executive compensation system.
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A VISION FOR THE FUTURE
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In my lifetime I want to see executive compensation become rational and truly based upon performance. When we read about CEOs cashing in stock options for tens and hundreds of millions of dollars in addition to multimillion-dollar cash compensation packages or cashing in golden parachutes for $10 million, $20 million, or more after a poor-performing company is sold, we know that these packages are just not fair. Our instincts tell us this is neither right nor reflective of what these people are worth. When the average CEO s pay jumps from 40 times the average worker s to more than 400 times in 20 years, we don t have to be economists to know this is not just some mathematical aberration. Below the executive level the market for talent is much more rational and generally follows the rules of supply and demand. For example when there is a shortage of nurses or electrical engineers, the market pay rate for these jobs rises. Demand then prompts more students to graduate with nursing and electrical engineering degrees. When the supply of professionals increases, the market pay rates even out again. This occurs as long as there is no disruption or limitation of market forces. Given that pay rates for executives seem to only go up, it s obvious something is seriously wrong with the market for executive talent and, more broadly, for company management. While the United States prides itself on being the leading free-market, capitalistic economy in the world, we do not really have a free market for management in this country. Nor is executive pay based on a true market clearing price (the price at which all goods and services
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