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Monday, June 25, 2007

FromDC2Iowa: Prez Mason & Now What? - Life Goes On

Excerpted from this post at FromDC2Iowa
... Executive Compensation ... The Governor, the legislature, the Board of Regents, the Search Committee, and leaders of business all say we "need" to pay university presidents these days in the $500,000 to $1 million range. I'll leave it to them to draw the conclusion that our new UI president is worth that much. Regents President Gartner says she is "a steal at that price." OK. ... During the 1960s and 1970s, when I was traveling to Japan fairly regularly, I noticed (initially in the shipping and ship building businesses) that the Japanese executives were paying themselves what seemed to be about five times what the crafts people earned. They told me this was not only perfectly adequate, but was an essential part of their corporations' success. ... Iowa (my home state, where I am living by choice and of which I am mostly proud) seems to be following policies generated by business people and legislators who think it's somehow possible to "create good paying jobs" while simultaneously preventing every effort of workers to organize into the unions that would enable them to get that "good pay" for the jobs they are doing now. Ultimately, trying to produce "economic growth" by holding down the pay of 80 percent of the work force and then handing over these "savings" in labor costs to the wealthiest 2 percent as "profits" can't last forever.

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