Comments on: The big question – Are multi-million pound salaries ever justified? http://www.in-business.org.uk/the-big-question-are-multi-million-pound-salaries-ever-justified/ Blog for business owners and people about to go into business Tue, 29 Nov 2011 07:17:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Andy http://www.in-business.org.uk/the-big-question-are-multi-million-pound-salaries-ever-justified/comment-page-1/#comment-2423 Andy Thu, 17 Jun 2010 17:30:39 +0000 http://www.in-business.org.uk/?p=1670#comment-2423 If I was to write and sing my own song in my bedroom, I could be great, but poor. If Ising to a group of friends, the same applies. Over time I could go up and down the country gigging and cut some cheap CD's and make a little. But If this continues to grow because I am great and I reach a larger audience, the little they pay per head ( for the CD will make me and a few others rich. Does a nurse want to help the masses. Has she opened up centres up and down the country to spread her help. No she does a good job. Even a ceo, not a business owner or artist affects a change so dramatic based on its effects on such a number of consumers, suppliers and employees etc that they are valuable. Value is the price we perceive. Bonuses are usually related to success as well. Thanks If I was to write and sing my own song in my bedroom, I could be great, but poor. If Ising to a group of friends, the same applies. Over time I could go up and down the country gigging and cut some cheap CD’s and make a little. But If this continues to grow because I am great and I reach a larger audience, the little they pay per head ( for the CD will make me and a few others rich.

Does a nurse want to help the masses. Has she opened up centres up and down the country to spread her help. No she does a good job. Even a ceo, not a business owner or artist affects a change so dramatic based on its effects on such a number of consumers, suppliers and employees etc that they are valuable.

Value is the price we perceive. Bonuses are usually related to success as well.

Thanks

]]> By: Joss http://www.in-business.org.uk/the-big-question-are-multi-million-pound-salaries-ever-justified/comment-page-1/#comment-1235 Joss Wed, 12 Aug 2009 10:12:08 +0000 http://www.in-business.org.uk/?p=1670#comment-1235 I have recently read a post in one great economy journal - in a few words the author says the following: In order to make the CEO work harder firms have to pay them big bonuses and option shares. So there is a rational mechanism why CEO's (and bankers) get such a big salaries. I have recently read a post in one great economy journal – in a few words the author says the following: In order to make the CEO work harder firms have to pay them big bonuses and option shares. So there is a rational mechanism why CEO’s (and bankers) get such a big salaries.

]]> By: admin http://www.in-business.org.uk/the-big-question-are-multi-million-pound-salaries-ever-justified/comment-page-1/#comment-1216 admin Sun, 09 Aug 2009 22:04:35 +0000 http://www.in-business.org.uk/?p=1670#comment-1216 Yes I agree with you on that one - there is a but though and I guess if these 'state owned' banks need to attract people that are good at what they do in order to get the banks out of the mess they are in, then they will need to pay a market wage. If this market wage is in the millions, then so be it. Thank you for your comment, Russell Yes I agree with you on that one – there is a but though and I guess if these ‘state owned’ banks need to attract people that are good at what they do in order to get the banks out of the mess they are in, then they will need to pay a market wage. If this market wage is in the millions, then so be it. Thank you for your comment, Russell

]]> By: Minimum wage – good or bad for business? | in business blog for successful entrepreneurs http://www.in-business.org.uk/the-big-question-are-multi-million-pound-salaries-ever-justified/comment-page-1/#comment-1211 Minimum wage – good or bad for business? | in business blog for successful entrepreneurs Sun, 09 Aug 2009 20:48:41 +0000 http://www.in-business.org.uk/?p=1670#comment-1211 [...] The big question – Are multi-million pound salaries ever justified? [...] [...] The big question – Are multi-million pound salaries ever justified? [...]

]]> By: Workers Compensation Costs http://www.in-business.org.uk/the-big-question-are-multi-million-pound-salaries-ever-justified/comment-page-1/#comment-1208 Workers Compensation Costs Sun, 09 Aug 2009 16:33:24 +0000 http://www.in-business.org.uk/?p=1670#comment-1208 If companies are going to pay these exorbitant salaries they should also take the risk of not being bailed out by the government. It seems that they have it both ways. If the government is going to be the backstop then the government should have more say. You can't have free market and government safety. It's either one or the other. If companies are going to pay these exorbitant salaries they should also take the risk of not being bailed out by the government. It seems that they have it both ways. If the government is going to be the backstop then the government should have more say. You can’t have free market and government safety. It’s either one or the other.

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