Quote:
Originally Posted by MindBomber
Doctors make life and death decisions daily, arguably work in an occupation that requires a higher skill set than a CEO, have a much more extensive education than anyone working in business is required, are in extremely high demand all over the world, also work long hours and are always on call; given that, one would think that a doctor should be entitled to equal or greater pay than a CEO.
Yes, a CEO has a demanding job that requires a significant set of skills, but in comparison to other highly skilled occupations they are still earning far to much.
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For an institution whose goal is to make money, the owners of that institution (shareholders) are willing to pay a lot of money to individuals who have great visions and could lead them to their preferred goal.
On the other hand, I don't give a fuck about another person's life unless it's my life or someone close to me. I am only willing to pay a fortune to doctors who can save my family's life when needed be.
Overall, paying for a CEO serves the interest of many. Paying for a Doctor serves the interest of a collective few. Thus, CEOs make more money.
Now let's get back on topic:
I myself manage clients that are in telecommunications and energy sector. Let me tell you, when clients of mine complains about certain issues, the loudest customer will always have my ear. I may not prioritize them first, but they are always in my radar. In a lot of cases, the squeakiest wheel gets the oil first.
These protesters are doing exactly that. The American people voted for a President who campaign promised more regulations for the financial industry. Guess what happened, Obama's all star team of economic and financial advisers for the country that were hired were the same people that lead to the destruction of the American financial sector for the past 20 years. Guess what ? all that promise for regulation and accountability in the Private sector ?
People are complaining because we have all this bailout money that was supposed to revive the economy. However, trickle down economics does not work. The buck just remained up there - at the upper echelon of society.