S&P, Moody's GOOSE AND GANDER: Warn On U.S. Credit Rating - WSJ.com
Question: And how does the public employee compensation package stack up against the CEO's and corporate officer's packages? ...Offer 1/2 the compensation package of a corporate officer or CEO that is running that company into the ground to any public employee and I will bet that that public employee will do no worse at running the company and will do it for half the price!
Answer:
One can't help but jump down to respond to the questioner who clearly has an overestimation of people like the deputy fire chief of Orlinda California who was reported a year ago June as retiring at age 51 with a pension of over $250,000 a year, fully indexed for inflation; or, perhaps the Deputy Police Chief in San Francisco making over $550,000 a year with a 50% retirement package at age 50.
Clearly the numbers of corporate officials making this kind of salary is few and far between. And, if anyone has ever run into close contact with government workers, their motivation is much more geared to either power or how to spend money and not to any long term survival of their job or city or state - as well witnessed.
Likewise, it's too bad government employees and politicians don't get pensions and benefits based on long-term performance as the politicians are running over themselves to 'supposedly' right problems with banker compensation.
Somehow what's good for the gander isn't good for the goose.
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