Five Ugly Extremes of Inequality in America.....

[Billy the Great Khan]

What's wrong with the grossly disproportionate salaries for CEO is that they come at the expense of other stake holders of a company. CEO's are not sole owners of said corporations. They are provided ample shares of stock within a corporation so that they will be motivated to make that company suceed as their personal success and wealth depends upon that company succeeding. Then to double dip and pay them exorbitant salaries on top of that dissentivises them and it comes at other stake holders expense. You think that's fair? Wait till you invest a substantial sum in a corporation and find out your not getting paid any dividends that year and the value of your stock has declined but that the CEO and other senior executives are getting 7 and 8 figure bonuses. Then you'll sing a different tune.

So in other words, the people who determine the CEOs salaries shouldn't be able to spend money how they like?

 

[Cancel 2016.2]

I don't understand the right wing. It's ok for anyone but a person who works for a living to have a profit motive.

Lets look at the above statement:

1) The right wing does not think workers don't have the right to negotiate for a wage
2) Everyone works for a living, the CEO, the CFO, the factory worker... this incessant need by people like you to demean executives and pretend they don't work for a living is absurd
3) Yes, many executives are over paid for what they do, many are underpaid... get over your jealousy and ridiculous assertions

Ya know I didn't work my ass off to learn my profession to make someone else rich. I did that to make myself prosperous. Now if I happen to work in a mutually beneficial agreement where both of us prosper.....fine! But when a few at the top take a grossly disproportionate amount of the wealth I helped produce.....only a stupid fuck wouldn't fight for their fair share.

If you are sharing in a proportionate 'fair share' of the risk of the firm as well, then you may have a point. If you are not, then your point is not very valid.

CEO salaries are obscene. Why? Because they are not 3,000 times more productive then the average worker. Not only that, they are provided with shares in the company to motivate them to succeed as they prosper greatly when the company prospers but on top of that to get paid obscene salaries to the detriment of share holders and workers and others stake holders in a corporation because the law permits rubber stamp board of directors to give them what the want with little to no accountability to shareholders is fucking criminal. Something has got to change!

SOME CEO salaries are obscene, no question... the system does need to change. But again, if you think you are not being valued fairly by your current employer, you are free to leave and go to another company or to take the risk of starting your own firm. Quit whining.

 

[Cancel 2016.11]

Don't put words in my mouth. I never said that.

If you cleaned floors and tables and made shit wages then hopefully you learned two important things, work ethic and having a skill so good for you but what the fuck does that have to do with my point?

People getting rich is fine, I'm all for it. Particularly for me.

What's wrong with the grossly disproportionate salaries for CEO is that they come at the expense of other stake holders of a company. CEO's are not sole owners of said corporations. They are provided ample shares of stock within a corporation so that they will be motivated to make that company suceed as their personal success and wealth depends upon that company succeeding. Then to double dip and pay them exorbitant salaries on top of that dissentivises them and it comes at other stake holders expense. You think that's fair? Wait till you invest a substantial sum in a corporation and find out your not getting paid any dividends that year and the value of your stock has declined but that the CEO and other senior executives are getting 7 and 8 figure bonuses. Then you'll sing a different tune.

Thank God you finally posted something that got his attention (you know who I mean). With DH and Onceler not here, he has been following me around commenting like a big dope on every post I make. I mean, not one of the commentseven made sense! He is a lot like a cat though, and now that you have waived something in his face, he will follow you for a while. Good luck!

 

[Disillusioned]

no disproportionate ceo salaries usually occur in larger companies that repugs really like because they contribute the most to repug causes (except social conservatives that are a breed of their own, a rather low breed at that)

i am talking about companies where the ceo's compensation is hundreds ro rhousands of times more than the average worker or the average employee's compensation - at that level, the compensation of 'high' level executives becomes obscene

It's their company, their profits, and not your business. If I want to paint the entirety of my house neon blue, it may be absurd, but your opinion about it is still without point because it is my house. Hence ownership.

 

[Disillusioned]

Don't put words in my mouth. I never said that.

If you cleaned floors and tables and made shit wages then hopefully you learned two important things, work ethic and having a skill so good for you but what the fuck does that have to do with my point?

People getting rich is fine, I'm all for it. Particularly for me.

What's wrong with the grossly disproportionate salaries for CEO is that they come at the expense of other stake holders of a company. CEO's are not sole owners of said corporations. They are provided ample shares of stock within a corporation so that they will be motivated to make that company suceed as their personal success and wealth depends upon that company succeeding. Then to double dip and pay them exorbitant salaries on top of that dissentivises them and it comes at other stake holders expense. You think that's fair? Wait till you invest a substantial sum in a corporation and find out your not getting paid any dividends that year and the value of your stock has declined but that the CEO and other senior executives are getting 7 and 8 figure bonuses. Then you'll sing a different tune.

If I have stock in a company, then I can vote along with all the other people, about what the company does. Otherwise, I get no say. If the stock holders are willing to accept it, then everyone else gets exactly zero say. They can spend it all on confetti to throw off the roof for all I care, it's not my money, they can spend it how they like.

 

[Mott the Hoople]

If you don't want to make somebody else rich don't work for a company that is designed to make the shareholders and people at the top rich.

What's this "fair share" crap? You work, you get the amount you are willing to work for which is the most they are willing to pay you for your work. Everything else is the company's, they can dole it out however they like, you want to demand a fair share, buy stocks in a company or start your own. If I ever start running a corporation however I'm taking all I can get away with, it's my damn corporation.

If the share holders are willing to permit that kind of salary, that what they get. The work is entitled to no say in what the company does, he works for an agreed upon amount of money for work. He does not have to exchange his services for goods. Talk about rubber stamping, if the shareholders don't like what happens they can fire, otherwise they won't. I worked at Mcdonalds for a few years in my teens, I don't expect to tell them what to pay their CEO, I don't expect a share of the international profits, I cleaned floors and tables.

Workers are not entitled to a say in what the company does? Jesus fuck have you ever had a job? Only someone who has never worked and by God certainly never at a professional level would ever say anything as stupid as that.

I have all sorts of say in my conditions of employment. I get paid real well cause only a handful of people can do what I do and with out that skill and the skill of my colleagues our business line would be dead. They're would be no profits cause their would be no business!

If you want to work under conditions where your rights end when you walk into your employers door have at it pal but lets see just how competitive that company is going to be cause you'll play hell finding talent who will work under those conditions.

Labor is just like any other commodity and the more demand there is for labor, particularly skilled and professional labor the more say you have about your conditions of employment and compensation.

 

[Howey]

Workers are not entitled to a say in what the company does? Jesus fuck have you ever had a job? Only someone who has never worked and by God certainly never at a professional level would ever say anything as stupid as that.

I have all sorts of say in my conditions of employment. I get paid real well cause only a handful of people can do what I do and with out that skill and the skill of my colleagues our business line would be dead. They're would be no profits cause their would be no business!

If you want to work under conditions where your rights end when you walk into your employers door have at it pal but lets see just how competitive that company is going to be cause you'll play hell finding talent who will work under those conditions.

Labor is just like any other commodity and the more demand there is for labor, particularly skilled and professional labor the more say you have about your conditions of employment and compensation.

It's the old Romney 47% thing.

A guy can make bazillions off firing hourly workers and throwing them to the curb but it's bad to criticize him or you're a socialist.

Something's really gone wrong with this country in the past four or so years when it gets to the point that the poor, teachers, firefighters, policemen, and others are reviled to such lengths by the ridiculously wealthy and their blind supporters.

 

[Dixie - In Memoriam]

Workers are not entitled to a say in what the company does? Jesus fuck have you ever had a job? Only someone who has never worked and by God certainly never at a professional level would ever say anything as stupid as that.

I have all sorts of say in my conditions of employment. I get paid real well cause only a handful of people can do what I do and with out that skill and the skill of my colleagues our business line would be dead. They're would be no profits cause their would be no business!

If you want to work under conditions where your rights end when you walk into your employers door have at it pal but lets see just how competitive that company is going to be cause you'll play hell finding talent who will work under those conditions.

Labor is just like any other commodity and the more demand there is for labor, particularly skilled and professional labor the more say you have about your conditions of employment and compensation.

What he is saying is not stupid, you are just misinterpreting it, you and he are talking about two different things. I don't care how talented you are, or how many perks you arranged with your employer, as a condition of your employment, you don't have "say-so" in the company unless you own it, or are a majority shareholder, director or CEO/President. There is a structure by which company decisions are made, and they simply don't consult everyone who works for them.

CEO stands for Chief Executive Officer. Have you ever been one? Do you know what one does? Unless you have or do, how can you determine they are being paid too much, not enough, or just about right? You see, I have found that most people who think CEOs are paid too much, have never been CEOs, and don't really have a grasp on what they actually do. I talked with such a person just the other day, and I asked him... What do you think a CEO does? What is his typical day like? I was stunned to learn that CEOs don't actually do much, they play a lot of golf and spend time at the country club, according to my friend. I was told the CEO is like a "figurehead" position, they don't really do much actual "work" ...they are like, the Queen. I honestly think this is at the root of our problem here, when these debates rage on and on about CEOs and what they make. The ignorant perception that CEOs don't really "do" much, except gobble up profits the workers could be sharing.

In Capitalism, everything is based on supply and demand. Why would a capitalist enterprise have a position which contributed no real value in terms of what they did, yet the pay scale was off the charts? It's a contradiction of capitalist logic. If CEOs making millions of dollars a year, had no business making that kind of money, some capitalist would come along with a competing company who didn't have a CEO, and they could offer the good or service for less and put the company with the CEO out of business. This doesn't happen, or hasn't happened, so we have to conclude, a CEO does hold value to a capitalist, and that value is calculated and determined appropriate by the capitalist.


And really, that is all there should be to this debate.