Cut Jobs. Get rich..er
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Cut Jobs. Get rich..er

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    Senior Member Wishful Thinking!'s Avatar
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    Default Cut Jobs. Get rich..er

    CEO Pay

    After adjusting for inflation, CEO pay in 2009 more than doubled the CEO pay average for the decade of the 1990s, more than quadrupled the CEO pay average for the 1980s, and ran approximately eight times the CEO average for all the decades of the mid-20th century. (Institute for Policy Studies, Executive Excess 2010)
    In 2009, CEOs of major U.S. corporations averaged 263 times the average compensation of American workers. (Institute for Policy Studies, Executive Excess 2010)
    CEOs who cut jobs the most cashed in the greatest. In 2009, the CEOs who slashed their payrolls the deepest took home 42 percent more compensation than the year’s chief executive pay average for S&P 500 companies. (Institute for Policy Studies, Executive Excess 2010)

    Source: Institute for Policy Studies, Executive Excess 2010, p. 5.
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    The greedy robber barons are doing quite well even when they tank the company !

    Now we will have various Teabaggers come on and say this is capitalism at work and they deserve every penny they stole after firing many workers. The rightie serfs are sure easily duped these days. At least the OWS dwmonstrators are standing up to the greedy corporatists BTW I think Romney was a robber baron in a previous life a few years ago .

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    Senior Member Wishful Thinking!'s Avatar
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    Quote Originally Posted by zombie View Post
    The greedy robber barons are doing quite well even when they tank the company !

    Now we will have various Teabaggers come on and say this is capitalism at work and they deserve every penny they stole after firing many workers. The rightie serfs are sure easily duped these days. At least the OWS dwmonstrators are standing up to the greedy corporatists BTW I think Romney was a robber baron in a previous life a few years ago .

    And a quick look at Obama's cabinet choices tells you he has become one... but he nor Romney have anything to do with the topic. Part of the problem is no issue can be debated without someone slinging mud and clouding the issues... The 40 years noted above spans a lot of leaders... from both parties!
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    Quote Originally Posted by Wishful Thinking! View Post
    And a quick look at Obama's cabinet choices tells you he has become one... but he nor Romney have anything to do with the topic. Part of the problem is no issue can be debated without someone slinging mud and clouding the issues... The 40 years noted above spans a lot of Corporate puppets... from both parties!
    Obama is a big time corporatist! He tricked his base really bad... Oh and I just had to fix the misuse of the word "leaders" to make your comment more factual.
    Last edited by zombie; 10-26-2011 at 04:38 PM.

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    Senior Member brgrcru's Avatar
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    Whats the problem? You mean if you can make more money for the company by slashing the work force. You shouldn't be paid more.

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    Quote Originally Posted by zombie View Post
    The greedy robber barons are doing quite well even when they tank the company !

    Now we will have various Teabaggers come on and say this is capitalism at work and they deserve every penny they stole after firing many workers. The rightie serfs are sure easily duped these days. At least the OWS dwmonstrators are standing up to the greedy corporatists BTW I think Romney was a robber baron in a previous life a few years ago .
    I do not think you have the correct picture here Zombie. I do not know anyone be they a Demoncrap, Republipuke or a Teabagger that approves of these clowns getting a bonus for sinking their company's. At least none of the ones I play with.
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    Already miss the 310/562 2manymustangs's Avatar
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    My pay has doubled since the 90's and quadroupled since the 80's when I entered the working world...

    Im FAR from the top 1% that the CBO just released their study on...

    Zombie, if you didn't work your way up the ladder OR get continuing education to move up thats YOUR bad and not the problem of Corporate America...

    JUST AN FYI for RAMBONIE, one of my friends just got a job on the GM assembly lines here in STL... New hire on the line and his pay is a fuzz over $15/hr...

    I'm guessing that is half of what the union auto workers were starting at 10 years ago on the line... This starting wage is on par with what I heard Obama bragging on that has been worked out with the new UAW contracts and all of these new jobs that he was "creating"...
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    gn7
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    Quote Originally Posted by brgrcru View Post
    Whats the problem? You mean if you can make more money for the company by slashing the work force. You shouldn't be paid more.
    Cutting glut and inefficiency will not be tolerated by the leftist commie pukes. Each and every one that gets off his lasy ass is entitled to a living wage job, regardless of there ability or edjucation.
    It is this exact assinine reasoning they are on the unemployment roster, and not running the company. Keeping over paid, underworked employees is what brought GM down. Its also the very same thought pattern as the US government.
    U.S. corporations are waking up to the waste of employing whiney union slugs and are cutting to the bone. the U.S. government could learn a little from them.



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    Every single CEO I know answers to a board of directors who sets his salary. Many of their salaries include bonus packages/stock options/etc. based upon profits to the company. This is a private sector matter between the stockholders, board of directors and the CEO himself. Anyone else pointing fingers is wasting their time. Many companies have run themselves into the ground with huge "top loaded" salaries and many more will in the future but the only losers are the share holders who bet their stock investment money that the company wouldn't falter but would profit instead. Many more companies have paid huge salaries to a new CEO who turned the company into a profit making machine as well. Either way it's the company's business.

    Why on earth people who neither invest in - nor operate corporate entities yet who stand back and complain about them, their structures, their salaries or their quarterly profits is beyond me. These matters are private. If you don't like a company structure or corporate salaries, don't invest in that company. It's really that simple. Now, would somebody please explain these simple truths to the "Occupy" sheep?
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    Quote Originally Posted by The Doctor View Post
    Every single CEO I know answers to a board of directors who sets his salary. Many of their salaries include bonus packages/stock options/etc. based upon profits to the company. This is a private sector matter between the stockholders, board of directors and the CEO himself. Anyone else pointing fingers is wasting their time. Many companies have run themselves into the ground with huge "top loaded" salaries and many more will in the future but the only losers are the share holders who bet their stock investment money that the company wouldn't falter but would profit instead. Many more companies have paid huge salaries to a new CEO who turned the company into a profit making machine as well. Either way it's the company's business.

    Why on earth people who neither invest in - nor operate corporate entities yet who stand back and complain about them, their structures, their salaries or their quarterly profits is beyond me. These matters are private. If you don't like a company structure or corporate salaries, don't invest in that company. It's really that simple. Now, would somebody please explain these simple truths to the "Occupy" sheep?
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    gn7
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    I guess that when the stock holders and board of Apple, who threw Jobs out on his head in 1985, shouldn't have offered him the moon and then some to come back. They should have just let the company tank under John Sculley.

    Chrysler offering Iacoca the most insane offer ever written up to that point was wrong as well.



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    Quote Originally Posted by gn7 View Post
    I guess that when the stock holders and board of Apple, who threw Jobs out on his head in 1985, shouldn't have offered him the moon and then some to come back. They should have just let the company tank under John Sculley.

    Chrysler offering Iacoca the most insane offer ever written up to that point was wrong as well.
    That was then, this is now... The bolsheviks have spoken!!!



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    All this happy free enterprise horseshit you guys are talking about goes out the window when the taxpayers bail these asshole incompetent / crooked CEOs and their tanked companies out for billions of our tax money! Yet the greedy incompetent POS still pay themselves millions in bonuses! You guys still defend that as OK per capitailsm ???????? Give me a break

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    Like Thomas Sowell said, if people have high income, it's because someone is willing to pay it.

    No one forced the goverment to bail them out Z.



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