My answer is ‘NO’
I’ve just been reading a few comments about what people think about the pay package of the Macquarie Ceo Allan Moss's $33.5 million dollar pay package.
And I continually read comment after comment of 'Greed' this and 'Greed' that. One thing i have realised when I started out investing, "Correct me if im wrong", is that a massive percentage of most public companies ceo's salary’s is from stock options and share grants.
Ive seen this written a few times, such as were the Yahoo executives in the state's decided to take a $1.00 salary, for better share option and stock bonuses, Bill Gates is the richiest man inn the world but only get's $970,000 (US) a year as a cash salary, but looking at this a seriously doubt he needs, the best thing about the link below is that 95% of that money is going to carity, "good on him".
And on top of that, Australia companies paid nearly $70 Billion aussie dollars in tax last year, (Personal tax i think was around $120 billion.) and that's just the companies, not small businesses where the tax goes to personal income not company tax, and on top of that the fringe benefit's taxes which was probably close to another $5 billion.
I personally just don't see why big company executives, don’t deserve there massive pay packages, after the taxes, they and the companies they are in charge of put so much into the economy, which I think makes a big difference to the tax cuts we get all the time.
I just wanted to see what you guy's and girl's thought about this issue.