Posted by Tom in TN on February 25, 2011 at 09:19:13 from (75.200.83.167):
In Reply to: Re: Food for thought posted by karl f on February 25, 2011 at 08:58:50:
karl f,
Thanks for the well thought-out, well stated post. I agree with you all the way, but I am curious about one aspect. The point of the original post was that raw material cost of most finished products is a small part of the per item final cost.
It seems to me that too much emphasis is placed today on executive salaries. I wonder what percentage of cost of most finished goods is actually represented by executive pay. General Foods, Ford, IBM, etc. are huge companies with a vastly diverse array of costs going into their final products. It doesn't seem to me that executive compensation packages would actually represent a significant part of the final costs of their individual unit production.
It seems to me that there is much too much class envy in our society at this time.
But maybe I'm just not recognizing the impact of executive compensation.
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