
Careers & Jobs – There's been a lot of ballyhoo lately about ballooning executive pay, so here's a look at how CEO incomes rose over the years in relation to Joe Blow's paycheck. It looks like while CEO pay rose 298.2% by 2005, and corporate profits by 106.7%, the average worker pay has only risen by 4.3%
Why I will not buy stock....stock options---where the board gives share holder money away....CEOs, who after losing vast amounts of money--are rewarded with lucrtive bonuses to leave...Then there is the just plain crooked people in this world...The share holder has no protection from these people..if you make oney on your stock--thank the lord..because it was not the boards doing, or the CEOs..because, they actually work against the share holder..SEC?? What a laugh they are...They are the "crooked people"...
How's this for sad. The President receives $400,000 a year salary. Bob Nardelli former CEO of Home Depot was terminated, and upon leaving was given $295 Million as a severance package. I personally don't believe that any CEO, COO, etc. deserves that much money. This is a prime example of corporate greed. That money would best serve the interests of corporations through re-investment, and higher wages for those who produce for the company.
A bit of irony here: Presidential candidates spend upwards of $50 million "interviewing" for a job that pays $400,000.
i don't mind if these hockey pucks get paid a lot of money, but it should at least in some way be tied to performance. time and time again we see one of these kooks drive a business into the ground and they still get a golden parachute instead of a golden shower.
the problem is that there is a very small and very exclsuive club of CEO types and they only hire each other. there is a sort of revolving door that they go business to business and board of directors to board of directors. they all recommend each other and only each other. it is still an old boys network.
Amazing that the defenders of 300% pay increase of corporate stuffed shirts will immediately insist that unions are the reason american business is swirling around the toilet. And then they enjoy their 40 hour work week and their living wage, and wait for their jobs to be citibanked or Circuit Citied, by these same corporate clowns who after "streamlining" the company at the behest of the super rich stockholders, give them self another 20% raise. Then the walmart shoppers go out and vote republican, wrapping themselves in their chineese made american flag.
Here's a very good wiki on executive compensation:
http://en.wikipedia.org/wiki/Executive_compensa...
Youse guys are all wagin wats called CLASS WARFARE. You knows that similar to Socialism.
We got to pay these executives lots of money or else they will go to work for someones else. Our whole system of govenment might collapse.
Besides, it aint like they dont desvere these raises. If they dint deserver them, then they wouldnt gather the board members together and vote themselves those big raises.
Believes me, the top executives in this nation are very special people. Every one of em is really, really smaht. And they always makes the right decisions.
Now the only reason Enron failed was accounta the ACLU.
And Wolrd Com failed cause a HIllery.
And HealthSouth werent really a fraudulent entaprise, thye just ran afoul of Democrats.
See, all corporations want to do is be religious, God Fearin, Patriotic, Americans, who only want the type of income that matches their Godlieness.
Amen.
"Believes me, the top executives in this nation are very special people. Every one of em is really, really smaht. And they always makes the right decisions".
I assume your just joking, but MANY people help make a corporation a success..Everybody from accounting, IT, R&D (if applicable) Human Resources, etc..NO corporation is a one man show, & when a business does well - spread the wealth around, give all the employees a piece of the profit.Fine, reward the CEO, but don't forget about the others, cuz ANY CEO is only as good as his staff..
As far as your class warfare comment, well, that's something Rush Limbaugh always cries when he's not popping pain pills, eating, or getting another divorice.
I'll never understand conservatives - they want NO govt. involvement on fiscal matters, but they want TOTAL govt. control on social issues (ie; ban abortions, ban pornography, ban this & ban that).
You conservatives believe in SELECTIVE no govt. involvement..
LOL ROF!
Its just amazing that people vote for this group of old white men, who make about $100,000 a year for each worker they fire. The ones they fire are the ones who can't get enough of the punishment...take more, take it all!
And those who blame the unions: BS...I live where the minimum wage is $15/hour, with a 37% income tax (even after taxes, the min. wage is almost double that of USA), paid up gov't pension system, basic medical covered, & half the unemployment rate of USA. As an exec, do a lousy job your bonus is axed accordingly. It ain't easy to get a job after, cause companies have a hard enough time being competitive without hiring top brass that drive them into the ground.
Unions are powerful here. They've negotiated basic wage agreements for various types of work, which also cover non-union members. Unions have very good unemployment & re-training plans also, which your dues pay for.
As an employer, I am very okay with it.
I was reading a column by George Will the other day mocking the idea that gas price increases really affect the average American. And I recall Limbaugh saying that it is no big deal either. Don't these people understand that average Americans are getting screwed? When I drove by the gas station and saw that prices had just jumped .24 overnight I don't think of it as "no big deal".
Average income for the Middle Class and below has barely budged since 2000. Yet we have no lobby to support our needs. No voice that speaks up for us in Congress. And certainly no sympathy from the top.
Most of us will not make in a lifetime what these men (mostly) make in one year. There should be performance clauses in all of these contracts. You earn what you earn based on the profits of the company. There is no risk to these people. They lose their jobs and they all have these outlandish golden parachute clauses that allow them to rob the coffers on the way out.
You do SO have a lobby for the Middle class! Its called the ballot box and political parties. A political party is what its members make of it.
Use your freedom and change things a bit. Start in your own town, use your vote, fork over a couple of bucks for a candidate that thinks you are worth more than Exxon or Merck Pharmaceutical. Get on the committee that counts the votes in your district to make sure they are really counted.
It your country - use it or lose it!!!
Every person who works at a company should invest in its shares AND vote at shareholder meetings. Only 5% of the total (as a block) is a controlling share. Smart companies that really want to grow and be profitable pay employees partly in shares - they want their people invested and interested.
If the Enron shareholders had really paid attention, they themselves could have stopped the debacle. AND voted on the salaries of the board and directors! share-holding is not just putting your bucks in a box and waiting. It is POWER.
People have so much power they don't use!
I like what Michael Moore said: buy shares, and run for dog-catcher - power sharing starts at the grass roots. The repugs get it - they slowly took over everything from church boards to town halls and school comittees to radio stations and got into positions where they can appoint their sick anti-democratic unpatriotic buddies.
Nothing stopping the rest of us from doing the same except an attitude.
Wow, not the language I would use to convey the message, but the same message nonetheless.
Stop yer b*tch*ng and take charge of the things that matter, organize your case, present your skills and the cost/benefit of taking your group seriously, take the time to support leaders that take your group's input. Take charge of your destiny and you will have the power to change things.
If not, then be a lazy a$$ loser who joins a union and try to blackmail your employer instead of working with the employer to be better recognized for your value to the bottom line.
CEOs should have their compensation attached to their performance, and if they are held accountable to the company's profits, I couldn't care less how much they get paid.
Laying people off is not a valid barometer for a bad CEO, in fact, it could be the good CEO that lays off the dead wood in the organization so the remaining can flourish.
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Sad.