Compensation and the Recession

 

“A chief executive officer of a Standard & Poor’s 500 company was paid, on average, $10.4 million in total compensation in 2008, according to preliminary data from The Corporate Library.”  Says 2009 Executive Pay watch.

The question has been asked what is fair to pay and reward a high performing executive in a bank or elsewhere? Recent interventions respond in outrage, as the recession hits hard, to cap compensation.  We’ve also seen how expectations of future bonuses led many into debts and bankruptcy as values of assets fell.  One also notes the exposure of greed and embarrassment of those who innocently received generous awards only to later discover that they could not have deserved these payments.

compensationBut God is not against compensation.  Although a God of grace and not merit, He is a rewarder.  Fairness and justice are major pillars in His throne room.  He is also able to accurately weigh actions and establish true and exact causes and consequences.  Unfortunately man cannot often establish the complete consequence of an action taken today nor know the real cause of a positive and negative performance.  God, on the other hand, dwells in absolute, perfect and complete knowledge and reigns in all of time at the same time.  At best it is fair to say our compensation models reward and punish only what we perceive and is enough a case to be conservative and cap our awards…for they are always at best faulty.  We should, for the same reasons, equally be cautious in the severity of our punishments as we often will misjudge the issues.

But God is a rewarder of diligence and His awards seem not to be capped or subject to human limits.  He also punishes the wicked justly - they do not escape.  Remember, He spared nothing to reward Solomon.

Isaiah 3[10]  Say ye to the righteous, that it shall be well with him : for they shall eat the fruit of their doings. [11]  Woe unto the wicked! it shall be ill with him : for the reward of his hands shall be given him.

IKings 3[11]  And God said unto him, Because thou hast asked this thing, and hast not asked for thyself long life; neither hast asked riches for thyself, nor hast asked the life of thine enemies; but hast asked for thyself understanding to discern judgment; [12]  Behold, I have done according to thy words: lo, I have given thee a wise and an understanding heart; so that there was none like thee before thee, neither after thee shall any arise like unto thee. [13]  And I have also given thee that which thou hast not asked, both riches, and honour: so that there shall not be any among the kings like unto thee all thy days.

2Chronicles 1[15]The king(Solomon) made silver and gold as common in Jerusalem as stones…

God does not approve the reward of the slothful and idle. It is perhaps more just in his sight to relieve the sick, save infants, the aged and those unable to work and afford basic necessities in the poorer nations than bail out wickedness or dole free handouts to the unemployed to sustain comforts.

2Thessalonians 3[10]  For while we were yet with you, we gave you this rule and charge: If anyone will not work, neither let him eat.

In addition, compensation that encourages more debt and lifestyle expenditures is a subtle trap. However, offering in a greater proportion more of deferred compensation in equity/or stake in the medium/long term future will perhaps tend to produce fairer and safer modes. 

We can also be careful in seeing compensation in mainly monetary terms.  Solomon had it all, but described it all as vanity, leaving behind a questionable legacy. Jesus Christ walked the earth apparently with modest means supported by the giving of others but inherited a glory that is unmatched.

The word of God does not begrudge our earthbound models of fairness as perhaps these are our best instruments.  In the parable of the talents Jesus Christ does present the God that rewards the diligent. God is not against reward or riches.

Proverbs 10[4]  He becometh poor that dealeth with a slack hand: but the hand of the diligent maketh rich.

However, the Bible does warn us in many references that we do not necessarily help people by making them rich. On the contrary, we often hurt them when we give them more that they need.

I Timothy 6[9]  But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.

Indeed it is preferred to position our lives and all that we do to be always blessed  - by learning more about and being obedient to God.

Proverbs 10[22]The blessing of the LORD, it maketh rich, and he addeth no sorrow with it.

Genesis 22[17]  That in blessing I will bless thee, and in multiplying I will multiply thy seed as the stars of the heaven, and as the sand which is upon the sea shore; and thy seed shall possess the gate of his enemies; [18]  And in thy seed shall all the nations of the earth be blessed; because thou hast obeyed my voice.

More on God’s perspective on wealth can be found in my recently published book Wealth out of Ashes .

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Have a blessed day and may you never lose your reward – Amen.

Bode Ososami

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Walking Uprightly in Recession

Can you lose your salvation for pampering yourself with the Lord’s substance on extra pairs of designer tennis shoes? What a silly question?

Indeed we are attacked more by lies of the enemies of God than by anything else and the most prevalent relate to lifestyle issues and expenditures…we are baited by self-pleasure, peer-approval and soon ensnared by debt and eventual frustration with guilt. Perhaps the Recession will help us find paths back to the true joys of contentment and restitution concerning past waste. Reflect on the video below on Lifestyle Creep.  The music is a track “Holy Spirit – Worship”  from my CD  ”Songs in the Night”.

Philippians 2[3]  Let nothing be done through selfish ambition or conceit, but in lowliness of mind let each esteem others better than himself.

The biblical reality is that wealth that belongs to God is not meant for lifestyle but to establish His covenant.  What has a gold-plated Jacuzzi, 6 pairs of tennis shoes or a corporate wardrobe shopping spree got to do with the covenant which demands simple contentment? Nothing…this often responds to the god of our sensual appetites and thirsts well stimulated by advertising and lifestyle media marketing. What happens as our income increases beyond our normal basic needs?  Normal basic needs you will agree refers to feeding, accommodation and care for our households and wards.

First our tastes are aggressively targeted and tempted with a buffet of expenditures, and even after we pay our tithes, offerings and give to the poor and God uses us to meet the needs of others, we come to the conclusion that we can improve our lifestyle and soon become accustomed to an idle car, expensive jewellery and lavish vacations and conclude this is God’s blessing to us.  But a subtle Lifestyle Creep sets in and when God asks for His money to be released – as a covenant need emerges we see our lifestyle decline marginally.  The flesh immediately screams and we do not perceive how any family possibly can live without a vacation in Europe, expensive education in private schools, a regular replacement of wardrobe and such luxuries which we now imagine are critical to the blessed life.  We imagine that we are cursed if our new lifestyle standards should ever fall slightly and begin to seek deliverance in our disobedience.

A friend who read my book told me as we returned from the Redeemed Christian Church of God 57th annual convention that the most insightful part of Wealth out of Ashes, for him was Chapter 8 on “Lifestyle Creep”…so I have posted an excerpt from that chapter to bless someone reading somewhere. wealthThe previous blog post also touched on this briefly. Lifestyle Creep is only another item on the menu of the exotic cocktail hosted by mammon. The world even warns it can be destructive to all – but to the child of God, it is an advanced stage of apostasy.  

Delilah asked Samson how he could be destroyed and Samson strangely provides this information.  The seducer has discovered from us that if we are increased in wealth…our prayer life declines…our appetite for the world’s menu heightens and our spiritual hair falls off without a razor…and soon we can be captured with little sips of social alcohol, adultery only with our eyes and in our hearts as TV and modern fashion convert our worship auditoriums to parlours of lust. We give testimonies of our disobedience and glory in what should be our shame. 

Christian Media, magazines, literature, and entertainment tell us living well is God’s peculiar goodness to this generation and one cannot be blamed for believing this most relaxing pill.  Soon our surpluses meant for the covenant fuel a taste for whatever new thing the world has fashioned. A better lifestyle becomes a necessity for your joy – a simple lifestyle becomes a curse…and the imperative to needlessly spend soon becomes addictive until crisis forces the realisation that you never really needed more than a few things and can live happily without most.   The lost opportunity of giving for the work of God now brings guilt.  Wake up!

Remember, Moses had lived for 40years amidst the impressive and most opulent “Haute couture/Haute cuisine /Haute decor” palaces, gardens and pools of Egypt. He had seen great supernatural miracles of deliverance, judgements and the Red Sea parting…yet he later cried to God…”Show me your Glory”.  Abraham saw a glimpse of it and knew seeking after God was worth it. 

The Glory is not captivating earthly magnificence nor is it magical/spellbinding performance. Rather it is the manifestation of God’s heavenly presence that melts people to pray, walk in unconditional divine love, hate and separate from sin and hunger for Him like never before.  It is also a presence that mends hearts, causes troubles to vanish and defends mightily.

His Glory will defend you completely in all situations and always. Defended in the WildernessIt defended the children of Israel through a harsh and hostile wilderness desert for decades as they travelled in the days of Moses.  Be assured, in Christ, no harm in the Recession will come to you.  In these challenging times, as you seek God afresh – expect to encounter His promised Glory. Remember His word is true. We can expect divine protection, grace, glory…and His good things…as we walk uprightly and in a contentment found only in a life surrendered to Christ Jesus in us as Lord and Saviour – our Hope of Glory.  May God help us.

Psalm 84.11  For the LORD God is a sun and shield: the LORD will give grace and glory: no good thing will he withhold from them that walk uprightly.

Remain Blessed.

Bode Ososami

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