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Corporate Greed At The Highest Level
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Government & Elections
Corporate Greed At The Highest Level
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According to the Economic Policy Institute, in 1980 the average CEO made 42 times as much as the average worker and todays CEO's make 343 times as much as our average wor
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95
Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:417d4667-308e-407a-bd79-229086fd01b8
Forums » Politics & Society » Government & Elections » Corporate Greed At The Highest Level
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Corporate Greed At The Highest Level
posted at August 2, 2012 5:29 PM EDT
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Posts: 585
First: May 28, 2012 Last: May 15, 2013 |
According to the Economic Policy Institute, in 1980 the average CEO made 42 times as much as the average worker and todays CEO's make 343 times as much as our average worker. No wonder Mitt Romney says " Corporations are People Too " and Corporate CEO's have donated hundreds of millions to their spokeman, Mitt Romney, in appreciation. This is today's Right Wing Republican Achilles Heel. |
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Re: Corporate Greed At The Highest Level
posted at August 2, 2012 6:24 PM EDT
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Posts: 475
First: December 21, 2011 Last: May 24, 2013 |
CEO salary is determined by a board. The board is elected by shareholders. There have been many challenges to executive pay. If it is not in the interest of shareholders, it gets voted down. If you really want to consider obscene pay, why not start with Hollywood and professional sports. Do you think it's fair for the average worker to pay over a hundred dollars to watch a game (football, basketball, baseball) in a stadium? Do you think it's fair to pay $15 to see a movie? What contributions do these "professionals" make to society. Do you think they're worth more than the scientist that discovers a cure for something like cancer? |
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Re: Corporate Greed At The Highest Level
posted at August 2, 2012 8:36 PM EDT
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Posts: 585
First: May 28, 2012 Last: May 15, 2013 |
Nice try, but boardmembers and CEO's sleep together ( Good Old Boy Network ) You dont get it, or maybe you're on the top 1% or a retired CEO or you just dont care about your neighbor who's struggling. As far as your analogy trying to compare CEO's pay to ball players, it's ridiculous. We dont work for ball players and ball players dont send our jobs to China, ball players dont send millions of dollars to our elected representatives to gain influence affecting our livelihood and healthcare. Ball players dont send millions of dollars to influence our representatives to break labor unions backs in order to lay off thousands of policemen and firefighters and cut their wages down to minimum wage, like in Pennsylvania and Wisconsin. Ball players dont send American jobs to China, so the CEO and boardmembers can send even more profits to their accounts in Switzerland and the Cayman Islands, to avoid paying the already reduced Bush Tax rates , thereby taking millions from tax revenue that helps support our roads, bridges, police, fire, safety and security. Ball Players dont pay millions to lobbyist to undermine or privatize our Social Security and Medicare that we paid into, to go to the highest bidder, so the CEO's dont have to keep matching the 6.2% fica tax. Ball players dont pay lobbyist to keep our minimum wage below poverty level. Should I go on with your absurd analogy ? This selfishness at the top is crushing our economy and tarnishing the American spirit of having each other's backs. Nobody forces you to go to the ball game or the movie, thats entertainment. I'm talking about the average worker falling behind and not appreciated by the greed driven CEO's. Many CEO's didn't even start the business they now run and are appointed by the same good old boy boardmembers , then after driving companies into the ground, CEO's get their golden parachute and the average worker gets the pink slip, loses his pension and healthcare and the CEO rides off in the sunset with his bundle of gold. Who gets hurt, the average worker, who breaks his or her backs to help make the company profitable, but todays CEO's want more and more and think " I Built This By Myself ". The correct quote from President Obama was " You Didn't Build That ALONE " and man is he ever right, but of course Corporate Leader Romney misquotes that statement in his commercials and leaves out the " ALONE " No Labrat, your comparison isn't even " In The Ball Park ". Response to Re: Corporate Greed At The Highest Level: CEO salary is determined by a board. The board is elected by shareholders. There have been many challenges to executive pay. If it is not in the interest of shareholders, it gets voted down. If you really want to consider obscene pay, why not start with Hollywood and professional sports. Do you think it's fair for the average worker to pay over a hundred dollars to watch a game (football, basketball, baseball) in a stadium? Do you think it's fair to pay $15 to see a movie? What contributions do these "professionals" make to society. Do you think they're worth more than the scientist that discovers a cure for something like cancer?
Posted by Labrat64 |
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Re: Corporate Greed At The Highest Level
posted at August 3, 2012 9:55 AM EDT
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Posts: 475
First: December 21, 2011 Last: May 24, 2013 |
You're missing the point, comrade. Your worth is determined by the market. If you are a CEO and your company is not making a good profit or worse losing money, then your days will be numbered. Entertainers and ball players get obscene salary because they can. If there were no unions, workers would get what they were worth. With unions salaries are determined by the level of the most incompetent employee's contributions. Think of teachers. There are superperformers that are capable of educating all their students. Then there are those that sit in front of the class reading a newspaper or showing films. Because of the rules set up by the teacher workers union, the incompetant with 20 years experience gets paid twice what the superperformer with 2 years gets. When there are layoffs, the superperformer is the first to go. This is based upon personal experience with my youngest son who was in a speial ed program. I suppose you want obama to set up a post for a czar that determines how much a CEO should get paid. In Response to Re: Corporate Greed At The Highest Level: Nice try, but boardmembers and CEO's sleep together ( Good Old Boy Network ) You dont get it, or maybe you're on the top 1% or a retired CEO or you just dont care about your neighbor who's struggling. As far as your analogy trying to compare CEO's pay to ball players, it's ridiculous. We dont work for ball players and ball players dont send our jobs to China, ball players dont send millions of dollars to our elected representatives to gain influence affecting our livelihood and healthcare. Ball players dont send millions of dollars to influence our representatives to break labor unions backs in order to lay off thousands of policemen and firefighters and cut their wages down to minimum wage, li in Pennsylvania and Wisconsin. Ball players dont send American jobs to China, so the CEO and boardmembers can send even more profits to their accounts in Switzerland and the Cayman Islands, to avoid paying the already reduced Bush Tax rates , thereby taking millions from tax revenue that helps support our roads, bridges, police, fire, safety and security. Ball Players dont pay millions to lobbyist to undermine or privatize our Social Security and Medicare that we paid into, to go to the highest bidder, so the CEO's dont have to keep matching the 6.2% fica tax. Ball players dont pay lobbyist to keep our minimum wage below poverty level. Should I go on with your absurd analogy ? This selfishness at the top is crushing our economy and tarnishing the American spirit of having each other's backs. Nobody forces you to go to the ball game or the movie, thats entertainment. I'm talking about the average worker falling behind and not appreciated by the greed driven CEO's. Many CEO's didn't even start the business they now run and are appointed by the same good old boy boardmembers , then after driving companies into the ground, CEO's get their golden parachute and the average worker gets the pink slip, loses his pension and healthcare and the CEO rides off in the sunset with his bundle of gold. Who gets hurt, the average worker, who breaks his or her backs to help make the company profitable, but todays CEO's want more and more and think " I Built This By Myself ". The correct quote from President Obama was " You Didn't Build That ALONE " and man is he ever right, but of course Corporate Leader Romney misquotes that statement in his commercials and leaves out the " ALONE " No Labrat, your comparison isn't even " In The Ball Park ". Response to Re: Corporate Greed At The Highest Level : Posted by mandm84 |
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Re: Corporate Greed At The Highest Level
posted at August 3, 2012 10:54 AM EDT
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Posts: 536
First: August 9, 2011 Last: May 25, 2013 |
Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. Several years later, when Jeffrey Skilling was hired, he developed a staff of executives that, through the use of accounting loopholes, special purpose entities, and poor financial reporting, were able to hide billions in debt from failed deals and projects. Chief Financial Officer Andrew Fastow and other executives not only misled Enron's board of directors and audit committee on high-risk accounting practices, but also pressured Andersen to ignore the issues. You see Labrat, these CEO's can hide whatever they want to hide from anyone they want to hide it from either debt or profit. But the debt problem usually will catch up with them. In Response to Re: Corporate Greed At The Highest Level: You're missing the point, comrade. Your worth is determined by the market. If you are a CEO and your company is not making a good profit or worse losing money, then your days will be numbered. Entertainers and ball players get obscene salary because they can. If there were no unions, workers would get what they were worth. With unions salaries are determined by the level of the most incompetent employee's contributions. Think of teachers. There are superperformers that are capable of educating all their students. Then there are those that sit in front of the class reading a newspaper or showing films. Because of the rules set up by the teacher workers union, the incompetant with 20 years experience gets paid twice what the superperformer with 2 years gets. When there are layoffs, the superperformer is the first to go. This is based upon personal experience with my youngest son who was in a speial ed program. I suppose you want obama to set up a post for a czar that determines how much a CEO should get paid. In Response to Re: Corporate Greed At The Highest Level : Posted by Labrat64 |
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Re: Corporate Greed At The Highest Level
posted at August 3, 2012 5:24 PM EDT
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Posts: 585
First: May 28, 2012 Last: May 15, 2013 |
No I'm not missing the point. You, my friend, are so blinded by your hatred of President Obama and the Democrats. You are the perfect right wing Republican, you have the answer for EVERYONE, you only see your point of view, you know everything, you wont compromise, you only see what you want to see, you call unions, police, firemen, teachers overpaid, you have no compassion for the less fortunate, you only see the world in your shoes, you look out your window and think you know the world, you think everyone must agree with your views because of course you're the scientist and noone is smarter than you. Go back to your teaparty.my friend Your eyes are wide open, but you dont see a thing. n Response to Re: Corporate Greed At The Highest Level: You're missing the point, comrade. Your worth is determined by the market. If you are a CEO and your company is not making a good profit or worse losing money, then your days will be numbered. Entertainers and ball players get obscene salary because they can. If there were no unions, workers would get what they were worth. With unions salaries are determined by the level of the most incompetent employee's contributions. Think of teachers. There are superperformers that are capable of educating all their students. Then there are those that sit in front of the class reading a newspaper or showing films. Because of the rules set up by the teacher workers union, the incompetant with 20 years experience gets paid twice what the superperformer with 2 years gets. When there are layoffs, the superperformer is the first to go. This is based upon personal experience with my youngest son who was in a speial ed program. I suppose you want obama to set up a post for a czar that determines how much a CEO should get paid. In Response to Re: Corporate Greed At The Highest Level :
Posted by Labrat64 |
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Re: Corporate Greed At The Highest Level
posted at August 3, 2012 6:39 PM EDT
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Posts: 475
First: December 21, 2011 Last: May 24, 2013 |
First off, it may suprise you to know that I am a registered democrat (at least until after the general election, when my registration changes to Independent). I'm saying that most salaries should be based upon merit. A good teacher that inspires learning deserves much more than one who takes up space waiting for retirement. Public safety officers (police and firemen) do have a sytem of recognition for achievement. They can rise up within their ranks based upon merit. Don't you believe that pay should be based upon effort and contribution? this is the only thing I'm arguing. Response to Re: Corporate Greed At The Highest Level: No I'm not missing the point. You, my friend, are so blinded by your hatred of President Obama and the Democrats. You are the perfect right wing Republican, you have the answer for EVERYONE, you only see your point of view, you know everything, you wont compromise, you only see what you want to see, you call unions, police, firemen, teachers overpaid, you have no compassion for the less fortunate, you only see the world in your shoes, you look out your window and think you know the world, you think everyone must agree with your views because of course you're the scientist and noone is smarter than you. Go back to your teaparty, Comrade Your eyes are wide open, but you dont see a thing. n Response to Re: Corporate Greed At The Highest Level : Posted by mandm84 |
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Re: Corporate Greed At The Highest Level
posted at August 3, 2012 6:47 PM EDT
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Posts: 475
First: December 21, 2011 Last: May 24, 2013 |
As you state, it eventually catches up with them. I'm sure prison is a lot more severe than taking a pay cut. CEO's are held accountable for how a company does- It's called a drop in share price. Since many CEO's are paid to some extent, in restricted company stock which they must hold, they get zapped when the price goes down-Think of Zuckerberg and his Facebook stock. Response to Re: Corporate Greed At The Highest Level: Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth . Several years later, when Jeffrey Skilling was hired, he developed a staff of executives that, through the use of accounting loopholes, special purpose entities , and poor financial reporting, were able to hide billions in debt from failed deals and projects. Chief Financial Officer Andrew Fastow and other executives not only misled Enron's board of directors and audit committee on high-risk accounting practices, but also pressured Andersen to ignore the issues. You see Labrat, these CEO's can hide whatever they want to hide from anyone they want to hide it from either debt or profit. But the debt problem usually will catch up with them. In Response to Re: Corporate Greed At The Highest Level : Posted by creppelrm |
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Re: Corporate Greed At The Highest Level
posted at August 3, 2012 10:15 PM EDT
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Posts: 536
First: August 9, 2011 Last: May 25, 2013 |
Well don't you agree that if CEO's of companies can make obscene bonuses they can pay the people who put them in that position as well? But that is not happening. As for as obscene salaries for athletes and actors is no difference than obscene prices for over priced stock, you see people are willing to pay for athletes, actors and stock. It's called CAPITALISM. You shouldn't knock that one point you Republicans are arguing. In Response to Re: Corporate Greed At The Highest Level: First off, it may suprise you to know that I am a registered democrat (at least until after the general election, when my registration changes to Independent). I'm saying that most salaries should be based upon merit. A good teacher that inspires learning deserves much more than one who takes up space waiting for retirement. Public safety officers (police and firemen) do have a sytem of recognition for achievement. They can rise up within their ranks based upon merit. Don't you believe that pay should be based upon effort and contribution? this is the only thing I'm arguing. Response to Re: Corporate Greed At The Highest Level : Posted by Labrat64 |
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Re: Corporate Greed At The Highest Level
posted at August 4, 2012 7:45 AM EDT
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Posts: 12532
First: February 29, 2008 Last: May 17, 2013 |
I n Response to Re: Corporate Greed At The Highest Level: [QUOTE] You're missing the point, comrade. Your worth is determined by the market. If you are a CEO and your company is not making a good profit or worse losing money, then your days will be numbered. Entertainers and ball players get obscene salary because they can. If there were no unions, workers would get what they were worth. With unions salaries are determined by the level of the most incompetent employee's contributions. Think of teachers. There are superperformers that are capable of educating all their students. Then there are those that sit in front of the class reading a newspaper or showing films. Because of the rules set up by the teacher workers union, the incompetant with 20 years experience gets paid twice what the superperformer with 2 years gets. When there are layoffs, the superperformer is the first to go. This is based upon personal experience with my youngest son who was in a speial ed program. I suppose you want obama to set up a post for a czar that determines how much a CEO should get paid. In Response to Re: Corporate Greed At The Highest Level : Posted by Labrat64[/QUOTE] COMARDE? Why the INSULT towards that other person.... you can't be civil then don't participate in a discussion. There is no one worth ..... .. UnitedHealth Group's Stephen Hemsley - CEO Compensation
Total Compensation: $3,241,042 Aetna's Ron Williams - CEO Compensation Total Compensation: $24,300,112 CIGNA's H. Edward Hanway - CEO Compensation Total Compensation: $12,236,740 No one is worth around $12,000 a hour.....and if Williams puts in around 2000 hours a year ---that's his salary. When the company denies sick people treatments....that's criminal. Then consider the management under Williams who makes obsene amounts of money...and for what....denying claims ?? It's not socialism it's not even great capitalism. |
Forums » Politics & Society » Government & Elections » Corporate Greed At The Highest Level
