Comment on this Article

Things Are Looking Up CFOs are enjoying larger pay gains than other C-level executives, for good reason.

S.L. Mintz, CFO Magazine
November 1, 2008

Wages Increase

As the economy continues to struggle, in part by the "hopefully" past poor lending practices of banking institutions, it strikes me odd that salaries for the higher level executives continues to grow at a seemingly unaccountable rate. I understand better than most that top executives deserve enormously high salaries, especially when their respective companies are doing well because of decisions they made; but when the very same companies are losing millions, or even billions of dollars, I guess I just don't get it. Aren't salaries and wages a type of payment for sound business judgment. If it is, corresponding wages should be on the down-turn since most business' balance sheets are not looking very healthy because of prior decisions the very folks that are being compensated have made. That is one of the reasons why the economy continues to be in a downward spiral, even after the ill-planned so called "Wall Street Bail Out" or "Rescue Plan" was enacted. What do politicians know about the fragile nature of our economy anyway? That however is a discussion for another day.

Posted by Dr. Gary Lysik | Nov 3, 2008 4:11 PM ET