LETTER: Give CEOs their due
Excessive rewards for directors is part of how capitalism works
02 September 2020 - 16:38
The puerile bleats of Ian Robinson regarding CEO rewards reminds me of communist Russia before things changed. (“Private sector CEOs’ obscene pay sets bad example (../letters/2020-08-31-letter-private-sector-ceos-obscene-pay-sets-bad-example/)”, September 1).
What Robinson describes is pure capitalism at work, the notion of dog eat dog. “Profit maximisation” is what makes profitable and healthy companies and, naturally, the directors are entitled to the profits, even if they are excessive...
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