It's actually quite a bit my business when a company chooses to pay one or more individuals salaries that can't be economically justified.
I've never heard of this "economically justifiable measure of pay". Still not your business.
The reason that it is my business is that it effects my salary.
Your salary is either your choice if you control it, or up to your employer. That's your business. The rest, not your business.
At any particular point in time, a company can only spend a particular amount on salaries.
False. You can budget for salaries, but it's not a particular amount. It's bounded, but only by what you could get through investment, grants, loans, sweat equity, stock options, etc. It's also an investment. It's so much more than your claim, that it's a particular amount, and a single point in time, that it's absurd to anyone who actually is involved in the process. If I believed I had a gem of a salesperson, I might also have to factor in how much business they would BRING IN if they worked for me, and what's that worth to me, short term, med. term, or long term? It also doesn't factor in competition, both in terms of retention from poaching, the wandering eye. Why do you believe you're qualified to offer advice on this topic? Do you offer advice to heart surgeons, when you know nothing about heart surgery? That would be silly wouldn't it?
When GM complained last week that the salary caps on a few top CEO's are harming its ability to be profitable, thats totally bull****. GM claimed that it cant hire the good executives that it needs to become profitable. Well, I have a solution, since the executives at GM are apparently not good, then maybe they should all be fired and replaced by good ones.
Maybe. How would either of us know though?
As crappy a job as they have done, they could probably find much better executives fairly easily. Just how good do you have to be to run a company in the ground?
Pretty good actually. To get the helm of a company that large, you are vetted quite a bit more than say, an IT troubleshooter, you know?
They could probably find better executives for 1/10th of what they currently pay. Surely there is someone in this world who could fill the shoes of the GM CEO for $400k per year (1/10th of what he currently makes). $400k is a lot of dough, there are some very capable people in this world who don't make anything like that much
. Run GM for $400K? Hahaha. That's funny. Maybe if they already have a net worth of $50M, or get another $2M in stock each year + a massive pension even if they were fired. They'd have to be an idiot to run GM for $400K only. You can make $400K with a small business and have 1/10th the headaches of the GM CEO.
If you're this bullheaded about things you don't know about...maybe that's why it's not your business? Just saying. Be reasonable, think about it. Get busting on your own career/business, and enjoy the time you have on the earth. i.e. stop telling others you know better and demand they bend to your will. Do that while waving a gun and you could get arrested....