Comments on: Executive pay: regulation is not a dirty word http://www.crikey.com.au/2009/07/14/executive-pay-regulation-is-not-a-dirty-word/ now with extra source Sun, 12 Feb 2012 00:37:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Tom McLoughlin http://www.crikey.com.au/2009/07/14/executive-pay-regulation-is-not-a-dirty-word/#comment-31165 Tom McLoughlin Tue, 14 Jul 2009 08:43:40 +0000 http://www.crikey.com.au/2009/07/14/executive-pay-regulation-is-not-a-dirty-word/#comment-31165 Spot on, John. Recall the story by the late Richard Carlton about the 'perfect capitalism' of a South Korean shipyard where the CEO gets 4 times the lowest wage. And this was the biggest shipbuilder of the biggest container ships probably in the world. But why didn't the shipbuilding company sack the CEO and employ someone at 10 or 20 times that amount, so they could similarly expand the success of the business with this so called genius? Could it be because this so called market is a grand non sequitor? Spot on, John.

Recall the story by the late Richard Carlton about the ‘perfect capitalism’ of a South Korean shipyard where the CEO gets 4 times the lowest wage. And this was the biggest shipbuilder of the biggest container ships probably in the world.

But why didn’t the shipbuilding company sack the CEO and employ someone at 10 or 20 times that amount, so they could similarly expand the success of the business with this so called genius? Could it be because this so called market is a grand non sequitor?

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