Trump says high pay for CEOs is a joke and 'disgraceful'
Reuters
31 minutes ago
http://news.yahoo.com/trump-says-high-ceo-pay-joke-disgraceful-161740161--sector.html
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#1 Sun Sep 13, 2015 11:47 pm
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Member
Registered: Oct 2013
Posts: 7912
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Trump says high pay for CEOs is a joke and 'disgraceful'
Reuters 31 minutes ago http://news.yahoo.com/trump-says-high-ceo-pay-joke-disgraceful-161740161--sector.html |
#2 Fri Sep 11, 2015 11:28 pm
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Member
Registered: Oct 2013
Posts: 7912
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About performance, A couple of highest paid works for CBL, Mega nothing especial. And there is CCBL who is, I think, not one of the highest paid. But all three banks are ranked same.
Two of the highest paid, EBL, SCB almost no growth for a long time. One of the highest paid, ex-Nabil has joined NICA or Global. If he joined global, he better increase EPS to 25 next year. If have some shares there. Or he should be fired. One of the Highest paid, ex-NIca just joined Nabil. He was able to prove nothing during his tenure in NICA. I read or watched in a TV, he was called a dictator. May be wanna be steve jobs. May be like to read stories. I knwo non of the CEOs personally, but not impressed with their work. Its time to fire all of them and give job to second man with 50 lakh salary ![]() |
#3 Fri Sep 11, 2015 9:43 pm
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Member
Registered: Oct 2013
Posts: 7912
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I agree, there is positive as well as negative in everything Naive Ji.
My belief has always been govt. should do their best not to restrict in any sector but always keep on eye on evil spirits and punish them. I think, In china, there main problem is economic war between US and china. I dont know how high price was when their index was 5000. So no comment in detail. Giving share loan does not mean increase in index. If money is in the hand, if investors think there is under valued share they will purchase. And again, if there is share loan, they can invest such loan outside share market too, for personal use too. Those individuals will increase investment whose investment has grown and has cash in hand. If there is no share loan the how is that person going to invest further and promote economy, create job, eve if his investment has grown 25 times. I believe in free economy. And I dont want NRB to intervene in this matter. What NRB can do is tell what kind of qualification ceo, directors should have but should not tell who should be the director or ceo or their salary. It's share holders who should decide who should be CEO, salary by following rule. NRB can say, ceo and director should not be same person in companies like banks, insurance where they use public money. KEEP YOUR EYES OPEN FOR EVIL SPIRITS/FINANCIAL TERRORISTS. ![]() |
#4 Fri Sep 11, 2015 8:18 pm
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Registered: Jul 2014
Posts: 65
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Rising Sun ji,
What you are saying might be true. But, regarding "share loan" there are "evil spirits" who will make the best utilization of the loopholes if there is any kind of share loan rather than the small investors. Also, I think that is a very smart decision by the bankers. You don't want the market to get fueled just because of the huge supply of funds and later lose significant part of your investment as was the case in china's stock exchange! Well, you could try enforcing such a system by just giving the CEOs 50 Lakhs or around and see how the results will turn out to be! The earnings of the banks will also reduce significantly and that will in turn be like backstabbing the investors is what I believe. So, do you want that to happen? Well, the move by NRB could eliminate this as even if capital of the institution increases to 8 Billion the salaries of CEOs might not be! Lets see what they have in there future. And, like you always say there are a lot of evil spirits; Thus, a market functions based on what is in the market! |
#5 Thu Sep 10, 2015 9:07 pm
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Member
Registered: Oct 2013
Posts: 7912
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Thanks You Naive Ji, Dilbert Ji and Sharesikaru Ji for taking part in the discussion.
I think there are three main reason behind salary decision. 1: Ability of the person: Since our CEOs travels from one company to another. When they are working for large cap, they look god like, but then go to mid cap they are back to earth. In large cap, they are not seen adding value to the company and big ca remains big cap. And when they move to mid cap, same thing repeats, and after 4/8 year, mid cap still remains mid cap. One of the worst example is share loan. Most of so called great CEOs are reluctant in giving share loan. Share loan is one of the simplest, easiest as well as safest loan there is and still they dont give share loan. There is a huge connection and co relation between share loan and economy. With the rise of economy share market rise and with the rise in share price will rise economy. When share price rises, the ability of share holder/investor in investing rises which will create jobs. With rise in share price, they spend more and help economy. I all those share holders in the world, whom are well known, if there share price has not increased would they have increased investment.. Probably not. All the rich countries and developing countries, there economy is big and so is the share market.. And still our so called great ceos dont give share loan and still their salary is 2 crore. I thing they have no idea about economics. 2: Profit of the company: to give 2 crore salary, I think, company should earn 20 billion. but our company earns 1.5 billion. and one company just earn 25 crore. 3: To prevent brain drain: We may agree that our CEos wont get ceo post in US or even in INdia. Let's suppose they get ceo's post. Then their salary will be 8 crore. And I think, the person earning 50 lakh in nepal can afford far better life style than the person earning 8 crore in US. So I think even if we pay just 50 lakh to CEOs in nepal, there wont be brain drain. I think, our CEOs get 2 crore cause they are the son, or the son in law or they are doing dirty work for the evil promoters. |
#6 Wed Sep 09, 2015 11:34 pm
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Member
Registered: May 2014
Posts: 217
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I agreed with The Rising Sun ji points.
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#7 Wed Sep 09, 2015 10:43 am
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Moderator
![]() Registered: Jun 2013
Posts: 574
Location: Kathmandu, Nepal
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I think what Rising Sun jee is trying to point out is that the salary of Nepali CEO is extremely disproportionately high against the income of the bank. I would also like to point out it is the same against the salary of rest of the member of the banks' staff.
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#8 Wed Sep 09, 2015 5:26 am
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Member
Registered: Jul 2014
Posts: 65
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Well, The Rising Sun ji...Why should the salaries of bankers be compared? That makes no sense at all! US bankers are not the benchmarks and there is no such obligation to follow the rules in Nepal which is followed in other countries. No doubt that a market functions by its own means and ends. Thank you.
P.S: I am not a banker and do not have anything concerned with banks of Nepal. I am just stating a point. |
#9 Tue Sep 08, 2015 9:37 pm
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Member
Registered: Oct 2013
Posts: 7912
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http://finance.yahoo.com/news/want-wall-street-banker-heres-130052367.html
why income of bankers in nepal so high?????? Is not this loot? Company's income is 25 crore, CEO's income is 1.5 crore. This is broad day light robbing. To give 2 crore to bankers in nepal, US needs to give at least 50 crore. ![]() |
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