There should be a CAP on salaries in the business and sporting world

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There should be a CAP on salaries in the business and sporting world

When did salaries get so high? The early nineties? I suppose its all relative as salaries that seem low nowadays would have been very high in older days gone by prior to the nineties. But my point it is how can CEO’s of companies and footballers on the books of Clubs actually be worth as much as they are getting? Yes they do a great job, they lead the company to success, score goals for the mass audience and fans but it seems ludicrous that we can have so many people in this world at the opposite end of the spectrum struggling to make ends meet. Could it be that these high salaries together with the previous abundance of loan and credit offers from banks and building societies be the real cause for the down turn in the worlds markets? Those who can’t afford to live they way they want are borrowing too much and living beyond their means and those who can are really being paid too much. How can one of America’s biggest banks fall with the current economic problems but yet their man in charge reportedly take home $300m over the last 8 years in pay and bonuses? Who needs that much money? I say spread the love a bit more and stop hogging it! It was Bill Gates who so rightly stated not long ago that his family would only receive what they needed to survive comfortably for the rest if their lives (still an enormous amount of money I hasten to add) and that the rest will be dedicated to being divided up amongst the various charities he supports. Hats off to the man. That’s the kind of spirit we want!

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Print posted @ Wednesday, October 08, 2008 5:26 PM

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