Income Structure in America Today Hearing Before the Committee On the Budget
Income Structure in America Today Hearing Before the Committee On the Budget
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The third one is, maybe it is more symbolic, because I realize the statistic of 1 percent of doubled income includes more than just the top executives. But when I was at NYU I remember reading a book in my MBA work, and it described how the chairman of one com- pany was on the board of directors of another. But the extraor- dinary — and just how they were so intertwined and they all knew each other, and we said it was a small world. It was, because their world is small. So in other words, peopl...e compensate others who in effect then receive a benefit because they compensate them.
How do we justify $10 or $15 million compensation for executives who a few years ago they were performing, were making much less than that?
23 Mrs. Freedman. I am not sure if I can justify it at all. But you asked, what can we do? I suppose Congress could enact a tax that would take 98 percent of all pay over $1 million, and I would guess that Michael Eisner might work just as hard for $1 million as he does for $48 million.
What to read after Income Structure in America Today Hearing Before the Committee On the Budget?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On the B to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The third one is, maybe it is more symbolic, because I realize the statistic of 1 percent of doubled income includes more than just the top executives. But when I was at NYU I remember reading a book in my MBA work, and it described how the chairman of one com- pany was on the board of directors of another. But the extraor- dinary — and just how they were so intertwined and they all knew each other, and we said it was a small world. It was, because their world is small. So in other words, peopl...e compensate others who in effect then receive a benefit because they compensate them.
How do we justify $10 or $15 million compensation for executives who a few years ago they were performing, were making much less than that?
23 Mrs. Freedman. I am not sure if I can justify it at all. But you asked, what can we do? I suppose Congress could enact a tax that would take 98 percent of all pay over $1 million, and I would guess that Michael Eisner might work just as hard for $1 million as he does for $48 million.
What to read after Income Structure in America Today Hearing Before the Committee On the Budget?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On the B to read onlineMoreLess
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