
The Economist attacks Japan in a recent article, "Spartan Salarymen", for the lower pay managers of companies receive relative to their counterparts in the U.S. and Europe. This is yet another example of the CEO-Media Complex, a collusion between big business executives and the media (newspapers, magazines, journalists, etc) who work together to elevate pay higher and higher for executives, championing CEO's as the reason why companies do well, while neglecting the real reason companies perform - the multiple actions of the men and women in the ordinary jobs who show up day after day and execute their roles with precision. They are the true heroes and drivers of performance, and they should be compensated as such. It seems the Japanese have their priorities in place as a nation, culture, and a business environment.
The article sounds like it was written by one of those "compensation consultants" wonderfully described by Harvard Business School Professors Jay Lorsch and Rakesh Khurana in their excellent article, The Pay Problem, in Harvard Magazine.
I was cheered to see that the large majority of reader comments on the Economist article believed that the Economist had got it wrong. Clearly, CEO's and other top managers in the US and Europe are overpaid. As Professors Lorsch and Khurana point out, compensation consultants who collude with CEO's to convince disinterested Boards and Compensation Committee's are only part of the problem. Executive pay in the West continues to rise in the West "not so much as a driver of improved performance, but as a consequence of improving performance and an accompanying rise in equity values. ... Incentives have impact on behavior only when the recipients can see a direct link from their actions to the results achieved and the rewards they will receive. ... In most companies, multiple forces and the joint efforts of many individuals cause the results achieved."
I hope the Economist writer will do his homework in the future before writing such ridiculous propaganda promoting the CEO-Media Complex.
7 comments:
2015-12-23keyun
ugg boots outlet
nike air huarache
louis vuitton outlet online
louis vuitton outlet
coach factory outlet
cheap toms
louis vuitton outlet
ugg boots outlet
louis vuitton handbags
nfl jerseys
michael kors handbags
coach outlet online
timberlands
louis vuitton purses
michaek kors
instyler
oakley sunglasses cheap
michael kors handbags
louis vuitton outlet
ugg boots
canada goose outlet
uggs on sale
canada goose
louis vuitton handbags
ugg boots
cheap jordans
michael kors handbags
louis vuitton purses
oakley sunglasses
gucci handabgs
sunglasses oakley
concord 11
coach outlet
ugg clearance outlet
ugg australia
michael kors outlet clearance
air force 1 trainers
ed hardy outlet
ray-ban sunglasses
vans sneakers
ninest123 16.02
nike free run uk, air force, new balance pas cher, longchamp, michael kors, michael kors, air max, nike free, hollister, sac longchamp, abercrombie and fitch, ralph lauren pas cher, nike roshe run, longchamp pas cher, vans pas cher, timberland, lacoste pas cher, converse pas cher, burberry, nike trainers, oakley pas cher, sac guess, louboutin pas cher, north face, hermes, michael kors, true religion jeans, nike air max, nike roshe, mulberry, air jordan pas cher, tn pas cher, lululemon, hogan, true religion jeans, true religion jeans, ray ban pas cher, nike blazer, michael kors, coach purses, coach outlet, nike air max, vanessa bruno, hollister pas cher, nike huarache, north face, ralph lauren uk, ray ban uk, nike air max, true religion outlet, replica handbags
pandora charms, moncler, canada goose, louis vuitton, converse outlet, barbour jackets, supra shoes, pandora jewelry, swarovski, ugg,ugg australia,ugg italia, barbour, louis vuitton, juicy couture outlet, wedding dresses, lancel, canada goose, pandora jewelry, moncler, moncler outlet, montre pas cher, doke gabbana outlet, pandora charms, swarovski crystal, bottes ugg, canada goose outlet, coach outlet, thomas sabo, replica watches, doudoune canada goose, moncler, sac louis vuitton pas cher, ugg,uggs,uggs canada, louis vuitton, ugg boots uk, canada goose, canada goose uk, toms shoes, ugg pas cher, moncler, canada goose outlet, louis vuitton, links of london, moncler, canada goose, moncler, moncler, marc jacobs, hollister, karen millen, juicy couture outlet
ninest123 16.02
chenlina20160407
michael kors outlet store
ralph lauren
kate spade
nike air max 90
coach outlet
tory burch handbags
coach factory outlet
coach factorty outlet
adidas uk
nike sb
replica watches
cheap ugg boots
michael kors outlet
michael kors outlet
tiffany outlet
nike trainers men
rolex watches
ralph lauren outlet
michael kors outlet
michael kors uk
oakley vault
louis vuitton bags
christian louboutin outlet
ed hardy clothing
nike huarache shoes
air jordan 13
gucci outlet
michael kors outlet
louis vuitton
hollister outlet
ray ban sunglasses
hollister clothing
hollister clothing
toms shoes
air max 90
gucci handbags
louis vuitton outlet
abercrombie and fitch new york
louis vuitton
louis vuitton handbags
as
burberry outlet
christian louboutin outlet
coach factory outlet
coach outlet
nike outlet store
michael kors handbags
ralph lauren uk
ray ban sunglasses
michael kors handbags
adidas yeezy
michael kors handbags
toms shoes
adidas originals shoes
rolex watches outlet
kd 8 shoes
adidas superstar
cheap jordan shoes
coach outlet store online
jordan retro
nike outlet
michael kors outlet online sale
abercrombie outlet
oakley sunglasses
louis vuitton outlet
cheap nfl jerseys
true religion jeans
pandora jewelry
juicy couture
coach outlet store online
ralph lauren polo
fitflops sale clearance
louboutin pas cher
coach outlet
polo ralph lauren
christian louboutin shoes
insanity workout
nfl jerseys wholesale
coach outlet store online clearances
gucci outlet
cheap ray ban sunglasses
chenlina20160808
air force 1 shoes
michael kors handbags
mont blanc pens outlet
new balance outlet
carolina panthers jersey
ralph lauren
kate spade outlet
giants jersey
ravens jerseys
nike store
ray ban sunglasses
fred perry
los angeles dodgers jerseys
christian louboutin outlet
pandora charms sale
swarovski crystal
pandora
oakley sunglasses
mulberry handbags
polo ralph lauren
xushengda0612
Post a Comment