These US CEOs make a lot more than their workers...

  • Posted by a hidden member.
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    Aug 15, 2015 10:32 PM GMT
    Legit topic given the populist "income inequality" theme that both parties have adopted as of late.

    "Corporations are unlikely to love the new SEC requirement, which stems from the 2010 Dodd-Frank Act. Many fear it will be used by unions and activists to shame CEOs over their pay. Average CEO pay at the 350 largest U.S. companies by revenue surged 997 percent from 1978 to 2014, while the compensation of non-supervisory employees rose 10.9 percent, according to the Economic Policy Institute, a research group that advocates for workers."

    http://www.bloomberg.com/news/articles/2015-08-13/these-ceos-make-the-most-money-compared-with-their-workers
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    Aug 16, 2015 4:42 PM GMT
    Yet another reason for a company to want to move off-shore. Ireland rolls out the red carpet.

    http://apps.washingtonpost.com/g/page/business/american-companies-that-have-incorporated-overseas/1238/

  • conservativej...

    Posts: 2465

    Aug 16, 2015 5:26 PM GMT
    Hum. Politics is devoid, not only of intelligence, but the basic principles of activity-based-costing whereby one understands why CEOs pay far outranks the guy screwing bolts into wheel hubs at Chrysler.

    Of course, no one ever said stupidity is limited in America.
  • bobbobbob

    Posts: 2812

    Aug 16, 2015 5:53 PM GMT
    Woodford, you obviously didn't think this through before you posted it.

    If you want to see how hypocritical this is go check out the salaries, perks, expense accounts and luxurious lifestyles of the officers of the unions that would be trying to shame CEOs... look at the lifestyles, incomes and excesses of politicians who make their living ranting about how much CEOs make... Look at the frigging politicians you mentioned (Barney Frank and Chris Dodd) Look at their friends, the people they associate with and you ought to be able to figure out it's all a game to them.

    I ran across a good quote the other day and copied it


    Author Unknown"Never in the history of Civilization have the poor become less poor by making the rich less less. THe fact that so many continue to believe this socialist myth underscores that what poor people lack is education and reason."


    3f682bbe9ea519d63c68e7623fe2440b.jpg

    black-conservative-thomas-sowell-judged-
  • Posted by a hidden member.
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    Aug 16, 2015 6:31 PM GMT
    bobbobbob saidWoodford, you obviously didn't think this through before you posted it.

    If you want to see how hypocritical this is go check out the salaries, perks, expense accounts and luxurious lifestyles of the officers of the unions that would be trying to shame CEOs... look at the lifestyles, incomes and excesses of politicians who make their living ranting about how much CEOs make... Look at the frigging politicians you mentioned (Barney Frank and Chris Dodd) Look at their friends, the people they associate with and you ought to be able to figure out it's all a game to them.

    I ran across a good quote the other day and copied it


    Author Unknown"Never in the history of Civilization have the poor become less poor by making the rich less less. THe fact that so many continue to believe this socialist myth underscores that what poor people lack is education and reason."


    3f682bbe9ea519d63c68e7623fe2440b.jpg

    black-conservative-thomas-sowell-judged-


    Bob, you obviously didn't read. I gave no opinion to be hypocritical about nor that I needed to think through.
  • bobbobbob

    Posts: 2812

    Aug 16, 2015 7:53 PM GMT
    woodfordr said Bob, you obviously didn't read. I gave no opinion to be hypocritical about nor that I needed to think through.


    If you go back and read what I wrote you'll find I was addressing the hypocrisy of "income inequality industry" which itself has rates of wage inequality that make CEOs and business owners look like minor leaguers next to their hypocrisy.

    This subject never comes up in a forum in this manner except when brought up with people who've bought into the entire "income inequality game" without thinking it through. Maybe you are the anomaly in that but I didn't see it in the OP.

    Take for instance JZ and Beyonce supporting "income equality." Do you really believe they are going to willingly and gladly give up any part of their combined $800 million while they bitch about how much a bunch of nameless faceless evil greedy CEOs earn?

    Now refer back to the Thomas Sowell quote above.
  • Posted by a hidden member.
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    Aug 16, 2015 8:03 PM GMT
    I'm totally against income inequality...unless I'm the one getting rich. icon_twisted.gif
  • HottJoe

    Posts: 21366

    Aug 16, 2015 11:50 PM GMT
    You know if bobbobbob posted it, it must be batshit crazy.

    Where's Robin Hood when you need him?icon_cry.gif
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    Aug 17, 2015 12:23 AM GMT
    HottJoe saidYou know if bobbobbob posted it, it must be batshit crazy.

    Where's Robin Hood when you need him?icon_cry.gif
    He got rich and lives in his own castle with sexy servants now.
  • Posted by a hidden member.
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    Aug 17, 2015 4:47 AM GMT
    paulflexes saidI'm totally against income inequality...unless I'm the one getting rich. icon_twisted.gif


    As is the case with most if they are honest.

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    Aug 17, 2015 6:00 AM GMT
    desertmuscl said
    paulflexes saidI'm totally against income inequality...unless I'm the one getting rich. icon_twisted.gif


    As is the case with most if they are honest.

    Yep. That's the whole problem...greediness. And it's not exclusive to the already-rich.

    In fact, I'd be willing to bet that if enough people gave money to the beggars at intersections to make them rich, those beggars would eventually be just as disgusting as the [insert least favorite political party or corporation] entity anyone can think of. icon_wink.gif
  • SilverRRCloud

    Posts: 875

    Aug 17, 2015 4:18 PM GMT
    Like it or not capitalism only functions if the very few get to get so much more than most of the other guys. This the very reason the system exists.

    In opposition to the capitalism with its exploitative nature, huge social engineering attempts were tried in vast parts of the world, titled: socialism, communism, etc.

    So far, all of the anti-capitalist/socialist/communist experiments died a slow, painful death. Mostly because everyone quickly agreed to do as little as possible, since he was going to get as well paid as the next guy. There is no way of stopping that kind of a downward spiral.

    It may be good to look back into the history, and catch a few clues about everyone's fav topic these days - income inequality.

    Even the top US CEOs are actually receiving paupers' pay if compared with the guys who were calling the shots in the past.

    With war being Europe's favorite business and occupation over centuries, if you look at what rewards the winning generals were granted for their transient victories, you'll soon understand that when it comes to comparing the present income inequality with the one enjoyed by the big shots of the past, present US society is as close to egalitarianism as you could possible get toicon_lol.gif

    SC

  • jeep334

    Posts: 412

    Aug 17, 2015 4:56 PM GMT
    Thank you again SC for your thoughts.

    Paul and Joe so often bring some lightness and laughter to the forums and make them enjoyable. SC brings a level of sophistication that simply makes all the sense in the world. For you three guys, thanks. icon_cool.gif
  • bobbobbob

    Posts: 2812

    Aug 17, 2015 6:18 PM GMT
    SilverRRCloud saidLike it or not capitalism only functions if the very few get to get so much more than most of the other guys. This the very reason the system exists.

    In opposition to the capitalism with its exploitative nature, huge social engineering attempts were tried in vast parts of the world, titled: socialism, communism, etc.

    So far, all of the anti-capitalist/socialist/communist experiments died a slow, painful death. Mostly because everyone quickly agreed to do as little as possible, since he was going to get as well paid as the next guy. There is no way of stopping that kind of a downward spiral.

    It may be good to look back into the history, and catch a few clues about everyone's fav topic these days - income inequality.

    Even the top US CEOs are actually receiving paupers' pay if compared with the guys who were calling the shots in the past.

    With war being Europe's favorite business and occupation over centuries, if you look at what rewards the winning generals were granted for their transient victories, you'll soon understand that when it comes to comparing the present income inequality with the one enjoyed by the big shots of the past, present US society is as close to egalitarianism as you could possible get toicon_lol.gif

    SC


    You nailed it Silver Cloud.

    In my young days I bought into the concept of socialism. My dad, a colonel in the USAF chuckled about it, was real patient, never argued with me, listened to everything I said and always ended it by saying, "you're young, you'll grow out of it." LOL. He was right.

  • AttisXVI

    Posts: 293

    Aug 17, 2015 6:45 PM GMT
    HottJoe saidYou know if bobbobbob posted it, it must be batshit crazy.

    Where's Robin Hood when you need him?icon_cry.gif


    It was actually a good point.
  • bobbobbob

    Posts: 2812

    Aug 17, 2015 8:13 PM GMT


    The whole concept of "from each according to his ability; to each according to his need" sounds great to the 99% of people who think they get money for nothing out of the game.

    If we're going to experiment with socialism I think we need to start off with something besides money. Let's start off by getting those who believe in socialism to operate their sex lives by "from each according to his ability; to each according to his need." They need to be draggin their socialist asses out to be giving blowjobs to the needy guys in homeless shelters or under bridges... the morbidly obese basement dwellers and the horny toothless rednecks... whose needs for sex are not being met.