Should company executives have a code of ethics similar to doctors and lawyers?
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Like you give a fuck what the serfs think, Klaus. Maybe the serfs should follow a code of ethics? One dollar one vote perhaps?
... oh wait we already have that.
justnotcricket 4 months ago
Well that can be agried, I think ten times is over the top. 5 times the normal employe if you mean ten times the lowest payed employee I think I can agree to that.[but then I still wonder if that would even ever get passed]
lionessimba 2 years ago
Most people feel the same mate. Of course they should have a code. The majority of people in the world wanted a code BEFORE the collapse. Fortunately the media is changing hands now so now the people's voice will be heard. Here's a fleeting thought. How about CEO salary is kept proportionate (eg. 10x) to the lowest paid 10% of employees... Call it the rule of tens or something... and put a cap on the % of outsourcing of(casualisation of the workforce) permitted for manual labor (eg. cleaning)
solarenergywind 3 years ago
This Davos Summit is all about more global collectivistism.
Look at the Doctors who have "Moral Codes": They overcharge soo much that the entire medical system of Western Civilization is gonna break.
And I don't even need to talk about the morailty of Lawyers........ There is none.
deadbutmoving 3 years ago
Create stability for growth proclamations that dictates future corporate motives which complies with that agenda. In other words short term profits are measured against midterm profits.
Corporate life is cyclic and ever evolving into new directions. The corporate vision should establish policy.
CanyonLakeTX 3 years ago
"I solemnly swear that I will not attend isolated summits where protests are kept far away by physical force. I am fully aware that expecting beneficiaries of a system can fix its problems is naive at best"
nycistanbul 3 years ago
in the best interest of investors..when should we measure his performance? quarterly, annually ? investors come in and out. laying off 10000 might increase the wealth of the investor who stick with the company for only 3 months -what about the ones who want to see growth over 5 years?
nycistanbul 3 years ago
Yes,1.A CEO should act only in the best interest of investors.
2.A CEO must obtain majority vote of stock holders for compensation, incentives, and bonuses.
3.Any public company that receives money as a result of government mandated laws shall be required to convert to non-profit, whereby all profits are placed in secure investments creating a financial self sustaining growth. Once growth of assets equal 1.5 times the liability cost of service shall be reduced to maintain assets levels.
CanyonLakeTX 3 years ago
No, ethics are just arbitrary rules of conduct that often get in the way of progress. Idealism will never beat realism because the reality is that ideas can be twisted to suit the needs or desires of anyone creative enough.
Gammaclipper 3 years ago