On Executive Compensation
Posted by Warm Southern Breeze on Thursday, May 26, 2016
The Mosaic Scriptural principle (which is also referenced in the New Testament) that “you should not muzzle the ox that treads out the grain” is certainly a principle with and by which we should compensate people for their labor. However, there is little disagreement that the committees that set the rewards far too often overcompensate those whom are charged with organizational oversight.
There is something to be said for fair and just compensation according to the terms of a contract, and the wishes and desires of those whom issue them.
Why then, is it that when lower level employees – the ones that actually run the ship – are frequently ignored in such matters? Why are they denied representation before boards? Who speaks for them in such matters? Why are they not thought more highly of? Even though the captain may be at the helm, they run the ship.
Thus, it is imperative to consider their wishes, their needs, their desires when charting organizational waters. They should be the ones to taste the first fruits of success commensurate with organizational success – and then the chief executives. What adult eats first at family gatherings, then after having eaten their fill, throws scraps to the children?