CEOs don't set their pay, the board of directors sets it. At the end of the contract they can renegotiate for more.
If the CEO of Wal Mart were to work for free with the savings passed on to the customer you would see no change on the price tag. They sell hundreds of billions of items a year. It would be less than a penny an item. Set down and work out the total number of hourly workers they hire world wide, then figure out the number of hours they are paying for a year and you couldn't give the workers more than a couple of cents an hour if that money was applies to pay raises. Fords CEO pay would amount to about 6 bucks a car, but employees pay/bennies and retirement pay account for 67% of the price of a new car. Cut current Ford employees pay and bennies in half would reduce the price of a new vehicle about 17.5%. On a new 55,000 buck pickup that's close to 10K.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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