On salary, stockholder value, and free markets.
IN MY OPINION, but based on the experience of watching the system for 50 years.....It's absurd to think that the salaries of corporate executives at the top level are based on increasing shareholder value. While that might be the basis of a small claim to increasing their salaries -- their salaries are based, as is everything else in this economy, on the maximum price the market can bear or what they can get away with!!!
That's the same amount each of us will make as shareholders. We buy when we think it's worth it and sell when all the various factors of emotion, risk, and reward tell us we have maximized our gain.
SKS and the BoD backed off a bit when the shareholders said that they (the market) wouldn't take it proving the point.
To be clear, I have NO problem with that. It's part of my investment calculation. He's entittled, as are Britney Spears, Mel Gibson, and the Peytons, to what they can get out of a free market economy. In an economy where middle level managers are routinely making six figures... a total compensation package of five times that for the chief executive whose positioned himself in total control of the board of directors, created partnerships with many of the globe's most significant firms, and has managed OUR investment through the hell of being stuck in the Wilderness for a decade is not being underpaid --- He's playing by the rules we accepted when we bought the stock -- Free Markets determine everybody's pay correctly except, of course, my pay.
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