Forum Post: Career CEO's Take A Lesson From Founding Entrepreneur CEO's Like Steve Jobs

Career CEO's take a lesson from Founding Entrepreneur CEO's: Stop taking the easy way out:

Modern career executives, unlike founding company entrepreneurs, maximize shareholder profits by using two of the easiest formulas to create profits and those two formulas are the worst for society: 1) squeeze employees and 2) mergers. Most career executives, unlike founding company executives, lack the talent and creativity to create profits through innovation, building, or creation. They lack the talent to create profits by creating new and better products and services. Instead, they continue to create short-term shareholder profits by squeezing their workers. They know that they can increase profits by laying off more workers and making the existing workers pick up the slack. Hence, American worker "productivity" levels are at an all time high. They do this even if they are turning a profit, to turn an even larger profit.

They further squeeze their workers by stagnating their wages for over 30 years. Although executive salaries have ballooned 256% in the last 30 years, middle class wages have stagnated.

And they further squeeze their workers for more profits by moving more and more of the benefit costs onto the workers. They not only have not increased middle class wages in over 30 years, but they have made the workers pay more and more of their own healthcare and retirement benefits.

The second formula that they use to increase shareholder profits (and their compensation since it is tied to shareholder profits) is through mergers. Studies show that 70% of all corporate mergers fail, yet executive do them. Why? Because mergers trigger higher compensation packages for them and short-term shareholder profits because there is a stock up-tick when there is a merger. What do mergers do for the workers and society? They result in the loss of middle class jobs and the ruin of two formally successful companies.

Furthermore, executives are the only workers in America who are paid handsomely for failing spectacularly. You fail as an American CEO, you get a golden parachute, for example, the Home Depot CEO made $210 million for failing. That $210 million could have gone a long way to increase worker salaries and benefits, but it instead enriched one man for failing. Stop the CEO pay Socialism.

So American CEO's get to work and quit taking the easy way out. Make profits by building, creating, investing, and innovating instead of cutting, squeezing, merging, and profiting from failing. And by doing so you will make America great again instead of ruining America's future. A monkey can lay off workers to create profits ... aren't you better than that ... isn't our future more important than that? We challenge you to make America great again by creating the best products and services, and not by increasing profits off of the back of American workers.

CEO to worker pay now is 265:1 and in 1965 is was 24:1 -- show us that you deserve your massive pay raises -- earn your pay. The greatness of America depends on it.

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