If you are like me, you just want the recession to go away. Enough already! Yet as I rail against this downturn, when I pause, I see it as a “reset.” We are long overdue for some of the changes we are now seeing in the marketplace.
For example, exorbitant CEO compensation has continued its upward spiral since the 1970s. Only in this economic downturn has some semblance of sanity returned. Check out this New York Times piece click here for full story that discusses a recent study documenting a decline in CEO pay and benefits. And imagine this: there is now a trend toward tying CEO compensation with company performance. Hmmm. Nothing new here to most of us. This is how small businesses have always run. Your company does well, you do well. Run your company into the ground, you suffer. This is a back to basics idea.
Let’s use the recession as a time to reset, back to the basics!
May prosperity be yours,
Mackey McNeill, CPA, Personal Financial Specialist, IAR
President and CEO
Mackey Advisors
www.CultivatingProsperity.com
859-331-7755
Mackey@CultivatingProsperity.com
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