re: Do IT Execs Make Too Much Money?
Agree with the 15% concept. The fact that anyone cares enough to muster some level of energy to go against the board (especially if it is a grassroots movement and not a power play) means that the board had better be listening to at least curb the bad practice or shed more light on the fact is has surfaced.
Can't comment on IRS Section 162.
With respect to IT (CIO and others), if they have made a significant contribution to the corporation they should be rewarded. It would be sad for a CIO to get 15 million and the rest of the IT workers to not get a significant bonus (take a Million out of the 15 and make sure to spread it around, it will go a LONG WAY) to folks making significantly less who are often critical to the solution as a whole!
One final point, THE MOST IMPORTANT PEOPLE to a company should be the Customers. Seems like FAR too many employees, boards, shareholders, executives, etc... paying lip service to that fact (and subsequently regret doing so). Paying execs high salaries (as opposed to fixing a few customer problems for free), paying high dividends to stock holders (as opposed to giving customers a great support infrastructure to deal with problems), paying for expensive company outings( and not reinvesting in R & D ) etc.. are recipes for waking up one day to find out that some company has stepped up and surpassed you (while the board, stockholders, CEO, etc... were patting themselves on the back and paying themselves lots of money). No one begrudges Executives and Stockholders making some money, but when the lose sight of the customers in doing so, it usually catches up with a company sooner or later (unfortunately it is often after the CEO or other execs are out the door with a few big payoff years and an golden umbrella) !