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Warren Bennis
Scholar

Warren Bennis

Warren Bennis is University Professor and Distinguished Professor of Business at the University of Southern California. His newest book is 'Still Surprised: A Memoir of a Life in Leadership.'

Freeze Top Salaries

Many responses are appropriate; for example, thanking the American tax payers and the government for making their comebacks (or rescue, if you prefer) possible.

But most important of all is for top executives to be formidably attentive to both administrative costs and most especially, salaries and bonuses dished out to top executives. In fact, it would be smart to announce to the world that salary increases to the top-third salary earners be frozen until they show four consecutive quarters of profits.

By Warren Bennis

 |  July 20, 2009; 2:32 PM ET
Category:  Economic crisis Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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What is this lunacy? Executives being able to recognize that a $13,000 trash can is a bit "excessive"?

How will they show their superiority over anyone else in their field if it doesn't include a bigger bonus?

Good luck. :)

Posted by: theobserver4 | July 21, 2009 1:08 PM
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I am sure the top executives would not seriously oppose freezing salaries (although they would nonetheless grumble), as the compensation has already grown wildly out of hand. I also notice that Professor Bennis did not mention freezing bonuses as well.

While they could cook the books to concoct four consecutive quarters of profits (not growth, but just a profit?), shareholders should be pushing for aslary cuts/loss of bonuses when a company suffers a quarterly loss. Aren't they supposed to be delivering value?

Posted by: Statman1975 | July 21, 2009 12:32 PM
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