Causes of the financial crisis? What is the impact of human greed? What can you expect from a greedy managers? What might be a better code of conduct for managers? What can a legally regulated maximum wage?
Looking at the financial crisis and analyzed the key words that are often cited in the media when it comes to the causes, then we come again any of: the greed. Profit, return on equity greed, the lust for still higher bonuses, according to still higher salaries.
analyzing turn this human greed and where it can lead, you come to two different things: first, the greed, mankind has always been brought forward. Meritocracy and greed has always been an incentive for humanity to get better and it has thereby also often raised to a higher standard of living.
However, the greed in Extreme roll over. On the stock market in the very regular intervals shown by "bubbles", such as the new media bubble 2,001th As such bubbles end of hyperbole knows. And since these bubbles are always the same pattern, they get a name and is not "stupidity" but professionally, "cycle" or "Konkunkturzyklus.
One aspect of all this quest for greed, I would like to highlight: the greed for more content and even higher bonuses . If all the things you want to buy and consume ever in his life or, on a timeline plotting and then, as usual is the discounted present value of today (with the inflation rate as Abdiskontierungsfaktor), then you know roughly how much money you have today in his account would have to be able to fulfill all his wishes to his death. Let's assume that not every day a new Porsche in front of the house door must stand, but without feeling envy, a new Porsche every two years (the old one is sold again). And such a cabin in the mountains, a boat and of course a house with a garden.
will it be interesting if one compares the thus calculated amount to the actual salaries of many managers. One quickly gets the feeling that you have miscalculated by several powers of 10. said Colloquially, we can say that no man can eat in a lifetime verkonsumieren so much and that he used the salaries, including bonuses, some managers ever in his lifetime. And these managers are now responsible for billions in writedowns and state aid at the expense of the taxpayer.
American megalomania in our salary structures
The American megalomania exists in many areas. Among other things, we have imported the American megalomania into our salary structure and life, we think, quite well with it. The answer to what would happen if We would abolish those excesses by imposing a statutory maximum salary is always the same: we would not get more adequately trained manager. They would move to other countries. And said sarcastically, then hopefully cause even more damage.
I'm just wondering: if a manager wants to work completely and solely because of his exorbitant salary at the top of a big company, why should I not then believe that this exact salary is perhaps his only source of motivation to work at all? A power-hungry, motivated and decent manager will not ask for more money, when he Life at a very high standard required. And how this can be a maximum, we have identified with the above present value calculation already. One quickly gets the feeling that executive salaries are only prestige and a bank serves primarily as a figurehead of those perceived size. It is also not matter how much a manager needs to live, but how much he earns compared to other managers.
We need a better code of conduct . But we also need a statutory maximum wage . An honest-working manager is so excited to be working with a lot of heart and passion in one of the few influential positions in major corporations and a powerful, respected figure to be. Such a manager is anxious to solve complex global challenges which must be asked. He also enjoys a competitive salary, a better life and that he was on a higher level than the average, it has allowed. But a decent manager will not make again and again in the negotiations with the personnel management even higher demands.
concrete form of the maximum wage
More specifically, I could imagine such a statutory maximum salary imagined as follows: For all state enterprises and large corporations in which the manager does not own the company shall be the maximum wage . For the so-called "family farms" from the middle class should be that the income generated should flow only to a certain extent as profit to the owners and the rest must be repaid as an investment in the company.
High-wage and unemployed Manager
opponents of the required minimum wages have often argued that a legally regulated minimum wage that is above the equilibrium wage leads to unemployment and therefore just punishes those populations, with the minimum wage should be protected from poverty.
out Conversely, of course, a maximum wage of the currently applicable under the equilibrium wage lies to unemployment. And while the managers who are not willing to work for less money at the same power. But 'let's face it: we are interested in these few managers?
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