I might have been bad. But it's because I heard bureaucrats trying to be good.
It's about their faith in the government to correct ills they see in private enterprise.
That's not their role. That's not the government's role.
Be very careful when someone in government says he wants to fix something — be it CEO salaries that he deems too high or a retailer's work schedule that he deems too harsh.
And it wasn't the government that corrected crooked corporate book-keeping. It was the vast majority of good CEOs who couldn't stomach the sins of a few spoiling the decency of the many.
Congress has a problem with profits. I do not.
Congress seems to think it's a sin companies look after their bottom line. I do not.
And Congress thinks it's best suited to police exorbitant salaries. I do not.
It's a free market. It's not a government market.
If a team wants to pay 100 million bucks to an untested Japanese pitcher, it's their call, their money. So too a company that wants to dole out the same to an untested CEO.
The pitcher's worth it if he performs. A waste of money if he doesn't. So too the CEO.
Shareholders own public companies. Not Uncle Sam.
When they make money, I think they're OK with the boss making money.
When they don't make money, they're not OK with the boss making money.
I just wish Congress would spend as much time looking at its own pay for performance as it does others. Then start practicing what this huge glass house preaches:
Perform. Get paid.
Do not. Get out.
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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.