> > > [snip]
>
> > Again though, you seem to undervalue the importance of a good CEO. They may be overpaid, but you'll never convince me that unskilled labor is worth more than a good CEO.
>
> [snip]
>
> Another thing... If a CEO is responsible for his company, and he is paid $10 million, and a lawsuit comes against the company for $5 million (as a direct result of something negligent the CEO decided or did), the I don't think the CEO should walk next door to the accounting office to see if there's any surplus somewhere that can fix the problem. Unless the CEO's willing to pay (at the very least, in part) with his own money for his own mistakes, then I say he's not really being responsible for his own company in the first place. If he does take personal accountability for his actions, tho... then perhaps a person in his position would need to be paid that kind of money.
>
> BTW, I will check out those resources, thanks for the pointer.
>
> -Enigma

Scale that down a bit... If you're flipping burgers and make some kind of mistake that forces your restaurant to incurr costs (even if only a few dollars), are you going to be held financially accountable?? Of course not. When a company owes money to other companies, customers, or it's own employees, it is the company (as its own entity) that is financially responsible. True, without it's employees or management there would be no company, but when it comes down to that type of responsibility, that is where a separation takes place. Otherwise, everyone would just be in a constant state of panic that they might do something wrong that would force them into bancruptcy. What if Charlie (a railroad employee) forgot to refuel a reefer unit on a boxcar, causing the frozen food inside to thaw before reaching its destination, thus costing his company $40,000 for the cost of the shipment. "Sorry, Charlie, you won't be making any money for the next year and a half 'cause you screwed up." --not gonna happen.

Even as a small business owner, you're monetarily separated. That way, your business can file chapter 11, but you won't have to.

Tra "I couldn't even begin to estimate how much money I'd be out of." nio