CEO pay soars while workers' pay stalls

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oldcelt

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The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.
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At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.
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usatoday.com/money/companies/management/2011-03-31-ceo-pay-2010.htm
 
oldcelt said:
usatoday.com/money/companies/management/2011-03-31-ceo-pay-2010.htm
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Yup, this is the result of Quantitative Easing. The rich at the top continue to rake in the monopoly money, while most of those at the bottom at left holding the bag while inflation eats away at their food and transportation budgets.

Even better, there is the case where that Angelo (whatever) from Countrywide was cleared of any criminal wrongdoing (while making hundreds of millions of dollars in phoney baloney mortgages). Meanwhile, the IRS persecutes and convicts some guy in Pennsylvania (I believe) for fraud in obtaining one of the loans that Angelo was cleared of perpetuating. If people don’t get that there is an intellectuallist power elite that are ruling this country, and our votes, our protests, our voices mean absolutely nothing…then you are on your own. WHen the roof comes crashing down (in June, if you believe the CEO of Walmart), then you get what’s coming to you.
 
Making money isn’t sinful or wrong. What’s with all the CEO bashing? Are there incompetent CEOs? Sure there are. There are also lazy “workers” who don’t deserve their pay either!

And what is with the “worker” label? Isn’t that sort of Marxist?
 
Yup, this is the result of Quantitative Easing. The rich at the top continue to rake in the monopoly money, while most of those at the bottom at left holding the bag while inflation eats away at their food and transportation budgets.
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A truly sad situation. I wish I had a solution.

John
 
Chief Executive Officer - May or may not be the owner of the business, but is being paid by someone who does own the company.

The next time you find employment - ask to see the company rule book concerning the equitable division of profit and risk.

If it isn’t to your liking, strike out on your own and create your own company. Hire your own employees, develop your own equitable pay scale, retirement salary, health and life insurance, worker’s compensation benefits, unemployment, etc.
 
Chief Executive Officer - May or may not be the owner of the business, but is being paid by someone who does own the company.
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The next time you find employment - ask to see the company rule book concerning the equitable division of profit and risk.
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If it isn’t to your liking, strike out on your own and create your own company. Hire your own employees, develop your own equitable pay scale, retirement salary, health and life insurance, worker’s compensation benefits, unemployment, etc.
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This is an increasingly serious situation that will not be resolved by unfettered capitalism. Attitudes such as those reflected in your response have been the seeds of revolt in the past, and the ruling class has rarely been on the winning side of those uprisings.

John
 
Barbkw said:
Chief Executive Officer - May or may not be the owner of the business, but is being paid by someone who does own the company.

The next time you find employment - ask to see the company rule book concerning the equitable division of profit and risk.

If it isn’t to your liking, strike out on your own and create your own company. Hire your own employees, develop your own equitable pay scale, retirement salary, health and life insurance, worker’s compensation benefits, unemployment, etc.
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Its not the amount of money these guys make. Its the fact that they are getting this money by being in the right “pipeline” that benefits from the Federal Reserve policy of printing money. The people at the top get their salaries adjusted for inflation, while those at the bottom have to continue crushing their budgets to compensate for the fact that their money is worth less (worthless? not yet, but pretty soon). In essence, the ones at the bottom are paying the equity to the top while being burdened with the risk. There is no equitable share.
 
oldcelt said:
This is an increasingly serious situation that will not be resolved by unfettered capitalism. Attitudes such as those reflected in your response have been the seeds of revolt in the past, and the ruling class has rarely been on the winning side of those uprisings.

John
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Ok. I think your right John. We should turn to socialism. Where it doesn’t really matter if the poor are poorer, as long as the rich are less rich. Isn’t that right?

The socialists dirty little secret is that no one who is poor gives to charity. Only the people with money do that.
 
oldcelt said:
This is an increasingly serious situation that will not be resolved by unfettered capitalism. Attitudes such as those reflected in your response have been the seeds of revolt in the past, and the ruling class has rarely been on the winning side of those uprisings.

John
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I have no problem with unfettered capitalism. We just don’t operate under that system anymore. We work in a government sponsored corporatist environment that is being propped up by a loose monetary policy by the central banking system.
 
Ok. I think your right John. We should turn to socialism. Where it doesn’t really matter if the poor are poorer, as long as the rich are less rich. Isn’t that right?
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I’m not advocating it…just saying that when disparity grows too great, so does discontent. It’s a recipe for socialism.

John
 
We work in a government sponsored corporatist environment
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Actually, I think your description is more accurate…mine was in response to Barb’s post.

John
 
oldest said:
I’m not advocating it…just saying that when disparity grows too great, so does discontent. It’s a recipe for socialism.

John
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Sorry, I think your dead wrong actually. I firmly believe that humans long to be free-under socialism, there is no freedom. Capitalism isn’t perfect, but it’s the lease worst way of governing free people. The “perfect” whenever it has been tried, leads to massive death, rule by the powerful, and enslavement.

And I think you are advocating it. It may not have meant to come out, but it did.
 
oldcelt said:
I’m not advocating it…just saying that when disparity grows too great, so does discontent. It’s a recipe for socialism.

John
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I agree, as much as I dislike socialism, when the power rich elites at the top make it so blatently obvious that they are setting the system up to make themselves more rich and powerful at the expense of everyone else, then the “masses” will rise up and strip them of everything. They will turn to the charismatic few who will promise them equity and fairness, when all they are doing is exchanging their one set of handcuffs for another.
 
Quote:
Originally Posted by oldcelt View Post
Oh no, I’m a closet commie!
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John
Quote:
Originally Posted by Rascalking View Post
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I’m an open Burkeian Whig!
I am an out of the closet, in your face, Rothbardian libertarian.
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Man, a psychiatrist would have a ball with us. 👍

John
 
Rascalking said:
Sorry, I think your dead wrong actually. I firmly believe that humans long to be free-under socialism, there is no freedom. Capitalism isn’t perfect, but it’s the lease worst way of governing free people. The “perfect” whenever it has been tried, leads to massive death, rule by the powerful, and enslavement.

And I think you are advocating it. It may not have meant to come out, but it did.
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Capitalism and socialism aren’t ways of governing people.
 
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