Excessive Corporate Compensation

Where do you find businesses where some of the employees get to set their own salaries and compensation packages? You’ll find them in all the large corporations such as General Electric, General Motors, IBM, Bank of America and, yes, even SCANA, etc., etc., etc. In all such shareholder-owned corporations, the compensation packages are designed by a committee of the board of directors and approved by the total board, the officers of which are employees of the shareholders. A CEO’s compensation may be “negotiated”
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