tag:blogger.com,1999:blog-3098264341625381422.post3970439329110396467..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: Meet the New Executive Human Resources Director: Barney Frankmike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3098264341625381422.post-5296531841607998252009-07-31T17:37:29.711-07:002009-07-31T17:37:29.711-07:00That's what we have a stock market for. If a c...That's what we have a stock market for. If a company has a bad policy for choosing executives, then you shouldn't buy stock in it. A company that is corrupt in the manner in which it chooses its executives is one that doesn't perform well. So, you shouldn't invest in it. It's not the job of the government to make executive pay decisions. <br /><br />There are plenty of executives that are talented. There are tens of thousands of companies and not all are corrupt in who is chosen to be an executive. <br /><br />I don't know what the executive pay is of foreign firms but government controls on executive pay makes U.S. firms less competitive. There's no question about that. You may be right in that the effect won't be that dramatic but that doesn't mean it won't be an unintended consequence nonetheless.mike volpehttps://www.blogger.com/profile/02999118519606254362noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-27131838813571233242009-07-31T17:26:57.770-07:002009-07-31T17:26:57.770-07:00This reminds me of when Bush passed that overtime ...This reminds me of when Bush passed that overtime reform early in his presidency, where he had more and more people classified as "supervisors" who didn't qualify for overtime pay.<br /><br />In any case, I think you seriously overestimate:<br /><br />1. the ability of the market to act as a check on people who effectively write the rules of that market. These guys hire each other to each other's boards.<br /><br />2. how talented these guys are. As I mentioned in #1, its not talent that keeps these guys in business.<br /><br />3. how much companies in foreign countries pay their executives. If I recall correctly, exorbitant compensation isn't as big of an issue in any other country. Example: Chrysler Deputy CEO Jim Press. Why would Press leave Toyota, where he was President of the US division, to take a job as a Deputy on the Chry-tanic. Could it possibly be because Toyota doesn't pay as well?Anonymousnoreply@blogger.com