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View Diary: CEOs average $12.3 million in 2012, 354 times the average worker (34 comments)

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  •  The driver for this is Wall ST. (5+ / 0-)

    Back when I was consulting for a firm dealing with culture change in large organizations, I got to sit in on a lot of interesting discussions about the nature and direction of what had been stable, benefit  and dividend providing utilities.

    At that time (early 90's) the 'deal' as brokered by Goldman Sachs et. al. became the mark of corporate leadership.  Leadership began to think of themselves less as stewards in charge of shareholder wealth and more as big-time, quarterly-profit producing bizness gangstas...building their empires (urged on by big bankers) on the backs of workers and communities who relied on them for jobs, retirement security, and services.  

    This is the key transition point from leader to the cult of the CEO as kingpin dealmaker.  They are slaves to Wall St., and Wall St. has made slaves of many of us through our own greed and desire to get a piece of the corruption.  To the extent that we still play in that game, we contribute to the ongoing crisis or real leadership in the executive suite.  

    The answer is to decouple corporate results from stock price and  the crap-shoot that Wall St. has become.

    Finding Fred A Memoir of Discovery @

    by Timothy L Smith on Tue Apr 16, 2013 at 07:22:46 PM PDT

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