Stayed up late and watched CSPAN. They were talking about correcting the course of executive compensation as it applies to large American corporations that directly effect our economy by their very existence. Currently, we compensate our executives in this country with guaranteed bonuses tied to past performance or nothing in many cases. CSPAN said the American Executive Compensation system is a mess and encourages the prevalent atmosphere of greed and fraud to flourish. Our large corporations (and of course this is a generalization) reward that kind of focus on greed and short term profits for the top execs only, fertilize it, incentivize it, and so mass produce a system of inappropriate syphoning of dollars to the few to the detriment of the many.
Can't we encourage or legislate our corporations of a certain size to base their executive compensation on a calculation made up of the following:
employee happiness levels,
a company sustainability rating,
profits,
stock holder earnings and
customer satisfaction?
Can we at least do that with their bonus schedules? Then we would be compensating these executives based on a future business model that would be good for everyone.
Just a thought...Glad to be back, although DC is getting coooooooold for a girl from Maui.
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