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Are Baseball Players Paid Too Much?

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What is Most Detrimental to Major League Baseball?
Survey Says:

I was watching Mike & Mike in the Morning on ESPN 2 today (March 2009), when they discussed an interesting survey conducted with baseball fans. The question: What is the one thing that is most responsible bringing Major League Baseball down? Both Mikes thought the majority would say high ticket prices, but this was only 23%.

Even the steroids abuse was only 22%. The answer that received 51% was the high salaries being paid to baseball players. Interesting, is it not? Despite all the media exposure of big name ball players exposed as hypocrites and liars about their steroid use. Despite high ticket prices directly affecting their family economics. Exorbitant salaries are what tick fans off the most.

Perhaps this should not be such a surprise. After all, exorbitant salaries and bonuses have been getting even more media attention than steroids as of late. The public is quickly losing their taste for those being paid ridiculously high salaries and bonuses. We see so many examples of pay far exceeding the value that any one person could offer. If you are the owner of a business, then I say that this is an entirely different matter, but if you are an employee (and even a CEO is an employee), of a publicly help corporation, there should be a fiduciary responsibility to the shareholders for reasonable wages.

One argument for high CEO pay is that they are being paid according to their peers. If you do not pay, they will leave and move on. The self serving argument has produced a situation in the USA where a CEO makes over 400 times the earnings of the average worker. The next highest country is 29 times the average worker. The boards of directors that are supposed to oversee companies are composed of CEOs. Why wouldn't they participate in the escalation of salaries and bonuses?

If you argue that the business increases and they deserve these extravagant amounts, I would argue the businesses might be charging too much. If we cut baseball player's salaries then this money flows back to the owners. We then put pressure on the owners to reduce the price of attending a ball game. If we cut executive pay, then shareholders, employees and customers should all benefit.  

As a nation, we need to make better judgments as to when enough is enough. Why is it that we so envy power, money and fame? Where has it gotten us? Why are we so concerned about what we have rather than who we are as a human being? What would our daily life be like if we were all more concerned with being good people rather than rich people? All we have to do is establish a mindset of sharing the wealth rather than stealing the wealth. click here title="Add 'Are baseball players paid too much?' to Windows live">

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Pete Latona enjoyed a lengthy sales management career with AT&T and retired in 2006 to form his own consulting business. He currently resides in Edmond, Oklahoma with his wife Nancy.
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