Top CEOs leave 99% in the dust

[Tonington]

Time you got in tune with the real world.

I don't want any of your magic beans.

$150,000 is a little less than half of what the President of the U.S. earns, I think he has a little more responsibility than your Director! :lol::lol::lol::lol:

So? What does this have to do with lay-offs, or the profitability of a company? If one drug has unforeseen side effects, that alone can total many times, hundreds of times the CEO's salary. Layoffs are sometimes necessary to keep a company alive. The US President is a Commander-in-Chief, not an executive of a for-profit corporation.

Seriously, you're all over the map...perhaps you should tune in with the real world. I mean what have you been doing for all your decades, was it all government work or something?

Anyways, I think I know a fruitless avenue when I see one. Your idea that CEO's will suddenly overturn the industrial world and the standard practice is without merit, and a non-starter if you think something needs to change.

 

[captain morgan]

Time you got in tune with the real world. $150,000 is a little less than half of what the President of the U.S. earns, I think he has a little more responsibility than your Director! :lol::lol::lol::lol:

What's the point here?

The last few Presidents of the USA have amassed trillions in debt...

Maybe the message here should be that they get a competent CEO in place that will make money like the CEO of Tonnington's company and pay the SOB to make the difficult decisions that won't result in the foreclosure of a nation.

 

[Cannuck]

This guy probably makes 150K plus

3-25-2010_Hank_Johnson_Guam_Tip_Over.wmv - YouTube

http://www.youtube.com/watch?v=ZuZFT76uxoc&feature=related

Maybe paying more would attract better politicians.

 

[damngrumpy]

The time has come for government to level the playing field a bit here.
First of all what is driving up prices and the cost of services? wages,
the unions, not on your life. The CEO and those under them in the
office are making more than they are entitled to. In addition these over
priced super stars of sport with their endorsements are making millions
that we are paying for. In addition those who invest in the companies
are making less while the senior management are making the real
money. The time has come to clamp down but how?

 

[dumpthemonarchy]

https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html

Yes, those global CEOs from Canada, still, like always, export 75% of what they make to the USA, same old same old.

By the way, the same argument goes for the global economic success of immigrants over the past 20 years from Asia and Africa. Exports to China and India stagnate. Globalisation! bring it on, if you can. Immigrant success is strictly local, thanks to nice people all over the country, like me.

 

[JLM]

I don't want any of your magic beans.

So? What does this have to do with lay-offs, or the profitability of a company? If one drug has unforeseen side effects, that alone can total many times, hundreds of times the CEO's salary. Layoffs are sometimes necessary to keep a company alive. The US President is a Commander-in-Chief, not an executive of a for-profit corporation.

Seriously, you're all over the map...perhaps you should tune in with the real world. I mean what have you been doing for all your decades, was it all government work or something?

Anyways, I think I know a fruitless avenue when I see one. Your idea that CEO's will suddenly overturn the industrial world and the standard practice is without merit, and a non-starter if you think something needs to change.

Yep, makes a lot of sense to keep an exec. working at $8 million when the company is broke and dysfunctional. :lol:

The time has come for government to level the playing field a bit here.
First of all what is driving up prices and the cost of services? wages,
the unions, not on your life. The CEO and those under them in the
office are making more than they are entitled to. In addition these over
priced super stars of sport with their endorsements are making millions
that we are paying for. In addition those who invest in the companies
are making less while the senior management are making the real
money. The time has come to clamp down but how?

Like I said, "flatten the pyramid" BUT unions create a lot of problems too in that they protect the drones, parasites and sh*t disturbers, which also helps fuel inflation by increasing the price of the product. Actually the fat cats with the union are just as much parasites as anyone.

 

[captain morgan]

The time has come for government to level the playing field a bit here.

North American gvts have already leveled the playing fields to the tune of trillions in debt... Do ya really think it's a good idea to keep marching on towards the cliff edge?

First of all what is driving up prices and the cost of services? wages,
the unions, not on your life

Give your head a shake.. Business isn't moving to China and India because the Sr. Execs are making all that money.

. The CEO and those under them in the office are making more than they are entitled to.

.. And, you're just the guy to stipulate exactly what the entitlements should be. I'm guessing that you've given serious thought to the level of entitlements that you, personally, are entitled to.

In addition these over priced super stars of sport with their endorsements are making millions
that we are paying for.

Then don't go to the games or support the advertisers that attach themselves to these athletes. Why should gvt have any say in how a corporate entity decides to market their product.

In addition those who invest in the companies are making less while the senior management are making the real money. The time has come to clamp down but how?

You don't have a clue. The 'real' money is made in the stock options and if the CEO doesn't perform as per their objectives, the options are worthless.

Yep, makes a lot of sense to keep an exec. working at $8 million when the company is broke and dysfunctional. :lol:

:lol:Got any examples of this on a large scale basis or are you making it up as you go along?:lol:

 

[JLM]

:lol:Got any examples of this on a large scale basis or are you making it up as you go along?:lol:

Sub Prime Fanny and Freddie come to mind. :smile:

 

[captain morgan]

Sub Prime Fanny and Freddie come to mind. :smile:

Fannie and Freddie signed contracts with their Sr. Execs and they were essentially gvt run companies.

Do you suggest that the gvt reneg on their commitments?

How about some more examples to illustrate how there are sooo many CEOs making 5-10 million a year - so much so that the entire economy is impacted

 

[mentalfloss]

Fannie and Freddie signed contracts with their Sr. Execs and they were essentially gvt run companies.

Do you suggest that the gvt reneg on their commitments?

How about some more examples to illustrate how there are sooo many CEOs making 5-10 million a year - so much so that the entire economy is impacted

Well that is exactly the point, lol

It is the few CEOs who make so much that they impact the economy.

 

[captain morgan]

Well that is exactly the point, lol

It is the few CEOs who make so much that they impact the economy.

Like who?

I am really interested in hearing about how these Cdn CEOs are making soooo much money via salaries that they actually impact an economy that is in the hundreds of billions annually.

 

[mentalfloss]

Like who?

I am really interested in hearing about how these Cdn CEOs are making soooo much money via salaries that they actually impact an economy that is in the hundreds of billions annually.

Read the OP.

 

[captain morgan]

Read the OP.

I did...

 

[JLM]

Fannie and Freddie signed contracts with their Sr. Execs and they were essentially gvt run companies.

Do you suggest that the gvt reneg on their commitments?

How about some more examples to illustrate how there are sooo many CEOs making 5-10 million a year - so much so that the entire economy is impacted

Putting aside the argument as to whether or not Execs should be earning $8 million, I say ones who do should definitely not be laying off PRODUCTIVE employees or moving operations to other countries. Anyone have a problem with THAT? :lol:

Do you suggest that the gvt reneg on their commitments?

Yep, if the commitment isn't working and then fire the guy who made it! :lol:

 

[mentalfloss]

I did...

So you agree that high disparity affects the economy.

 

[JLM]

$8 million equates to $3,000 to $4,000 an hour. Does that kind of wage even fall within the realm of common sense?

 

[mentalfloss]

$8 million equates to $3,000 to $4,000 an hour. Does that kind of wage even fall within the realm of common sense?

There was a pretty good paper written in 1993 which pins down the effect that unequal distribution has on the economy..

Hence, the long-run levels of income and wealth are positively related to the initial number of individuals who inherit more than g. Thus, an economy which is initially poor, ends up poor in the long run as well. An economy which is initially rich and its wealth is distributed among many, ends up rich. But an economy with a large amount of wealth, which is held by the few, ends up poor in the long run. If we would like to describe these results in more popular terms, we could say that a country has better growth prospects if it has a relatively larger middle class.

http://www.econ.brown.edu/fac/glenn_loury/louryhomepage/teaching/Ec%20237/Galor%20and%20Zeira%20%28RES%201993%29.pdf

 

[petros]

$8 million equates to $3,000 to $4,000 an hour. Does that kind of wage even fall within the realm of common sense?

I can be working AB SK ND MT right now for $1300 a day sampling shale chips on payroll for "big oil" and not a single shareholder will complain it's too much.

 

[JLM]

I can be working AB SK ND MT right now for $1300 a day sampling shale chips on payroll for "big oil" and not a single shareholder will complain it's too much.

Son just went to Swan Hills yesterday, not sure what he's earning but it's enough that he quit the last outfit he was working for near Drayton Valley.

 

[petros]

He'll be disappointed there are no swans. Noisy sandhill cranes, cormorants, pelicans, coots, loons, duck, geese and of course **** hawks but no swans.