Can we outsource CEOs to India?

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I agree with the sentiments of the cartoonist.  However, in point of fact, corporate executives in India don’t work for peanuts, either.  CEO pay in India has doubled in the past five years and is rising at the rate of 15 to 20 percent a year.  I don’t know, but I wonder if the economic contribution of CEOs in India twice as great as it was five years ago.

Click on Executive Salaries in India and the West Will Be Equal By 2013 for information on CEO pay in India.

Corporate structure, absent any checks and balances, creates opportunities for people in authority to milk their positions for their own benefit.   When this opportunity exists, some people will take advantage of it.  When they get away with it, others will imitate them.  What once was regarded as abusive becomes normal.  This is human nature the world over, and it is the same on the highest levels of society as the lowest.

Click on Executive PayWatch: Pay Disparity Ratio and Executive PayWatch: Trends in CEO Pay for information from the AFL-CIO on U.S. executive pay and what is being done to correct abuses.

Click on Taking Big Coal to task is difficult for an article in the Charleston (W.Va.) Gazette giving an example of worker deaths caused by corporate negligence

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