Paul Krugman’s column on the return of obscene pay levels to the leaders of the ailing Wall Street banks (April 29, 2009) prompts this thought: Why not outsource CEO positions? It’s no secret that many bright minds reside in countries such as India and Brazil – some of them have even been educated at American schools.
Given the current levels of telecommunication and global travel, a CEO could live in New Delhi or Sao Paulo and still maintain intimate contact with his company – all for a decent six-figure salary. CEO’s haven’t hesitated to outsource lower-paying jobs, so how could they possibly object to this? Besides, if you can save a company a few million dollars in salary and perks each year, pretty soon you’d be talking real money.
Lynne & Jack Rummel