did you know that 500K is not very much money to make in a year?
not according to this expletive-deleted, anyway... James F. Reda, founder of a compensation consulting firm, who was quoted in a New York Times story about obama’s restrictions on executive pay. he said it would be difficult to staff companies forced to accept the limits. awww.... poor poohbahs!!!
excuse me, mister reda and mister limp-ball and all the other poohbahs and pundits squawking about this... aren't you and your ideas and your policies and your decisions responsible for this mess? five hundred thousand dollars sounds like QUITE a lot of money to ME - and i live very comfortably on nowhere NEAR that amount. even obama only makes $400,000. why should the guy who gets paid to dig us all out of this mess make a pittance besides the people who created the mountain of expletive-deleted in the first place?
personally, i think the poor poohbahs should consider that maybe there're other rewards besides money for doing what you do and if there aren't... should you really bother to do it? people who really love what they do - do it whether they get paid or not. ask any artist, any writer, any musician. my husband frequently says he'd do what he does for free...and pretty soon, the way the economy's going, he just may be doing that. no one's paid me for anything i've written in the last couple years, but that hasn't stopped me from writing.
call me crazy, but i think we should consider doing the very same thing in every over-the-top salaried industry.
like sports. let's cap all the player's salaries at say.. oh, a million dollars, and then maybe tickets to see games can be back where they used to be. maybe sodas wouldn't have to cost ten dollars and a hot dog fifteen. maybe t-shirts could be twenty dollars instead of fifty. that way, the people who only want to play for the money or the fame will leave, and the guys who WANT to play ball - who WILL play ball for as long as there are balls to play with... CAN. i'm not saying don't give them a reasonable amount of money - like 500,000 or even a million if you want to be really crazy. but seriously, shouldn't you play a sport because you're so good at it and you love it so much they couldn't keep you off the field?
does anyone reading this seriously believe derek jeter is going to have trouble finding something to do with his time to earn a few dollars when he can't play for the yankees any more? and as for the people who own sports' teams, well, maybe they should be responsible for the neighborhoods around their sports' complexes, so places like the bronx don't become the rat holes they are. or maybe, if we are going to continue to pay people insane amounts of money, we expect something of value back.
in the off season, for example, football players shouldn't get to spend their time doing things like dogfighting. they should spend their time in classrooms with underprivileged kids, or in gyms, coaching. or using all those big muscles to help lift old people in nursing homes. and not just when they FEEL like it or when their press agents arrange for it - i mean they should do it every day, forty hours a week, at least. like most people who work at something all year round, no matter how much - or how little - they get paid.
i think it all comes down to the fact that anything that requires that much money to make a person feel adequately compensated for doing it can't possibly be worth the trouble of getting it done. i can hear my daddy saying, oh honey, these guys really EARN what they get. heavy, as the saying goes, lies the head that wears the crown.
with all due respect to my daddy, if the head that wears the crown lies so heavy it needs more than five hundred thousand dollars a year to make it worth having the crown in the first place, i submit there's something seriously expletive-deleted with the world.
we've made money the measure of success, and degraded and devalued everything else that makes a person really successful. money may be a necessity in our culture, but it is a culturally created necessity. WE are in control of creating our culture. WE must decide that money is but one tool out of many, and that by allowing it to become the ultimate measure of success, it has come to dominate our values and poison our ethics.