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This is a discussion on Employment, Debt, Deficit & Austerity within the Economy forums, part of the US Discussion category; Quote: Originally Posted by Toro ...I did not say that management pay is always done poorly. What I'm saying is that there is no correlation ...


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  #91 (permalink)  
Old 10-26-2011, 11:48 AM
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Quote: Originally Posted by Toro View Post
...I did not say that management pay is always done poorly. What I'm saying is that there is no correlation between pay and performance...
My temptation is to respond with 'oh yeah well I didn't say you said "that management pay is always done poorly"' but then I'd have to put up with your coming back with nyah nyah I didn't say you said that I said--

--so I'll just hold back and understand your view is that correlation between pay and performance can be a good thing. Bottom like here is if you call for laws banning whatever it is that others do that you don't like, I'll probably vote against them.
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  #92 (permalink)  
Old 10-26-2011, 12:43 PM
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Quote: Originally Posted by expat_panama View Post
Quote: Originally Posted by Toro View Post
...I did not say that management pay is always done poorly. What I'm saying is that there is no correlation between pay and performance...
My temptation is to respond with 'oh yeah well I didn't say you said "that management pay is always done poorly"' but then I'd have to put up with your coming back with nyah nyah I didn't say you said that I said--

--so I'll just hold back and understand your view is that correlation between pay and performance can be a good thing. Bottom like here is if you call for laws banning whatever it is that others do that you don't like, I'll probably vote against them.
You are making presumptions about my intentions and what I've said.

Corporations are legal structures defined by the articles of association under the purview of the states in which they incorporate, under the exchanges in which they list, and under federal law such that they can offer securities to investors. These corporate laws define how companies are organized, and include the structures of corporate governance and the duties of the officers of the corporation.

Property rights are the cornerstone of capitalism. Increasing the rights of shareholders to give them a greater say over their property and lesser power to the agents who represent owners is as pro-capitalist as it gets, which should be blatantly obvious to anyone who claims to support capitalism.
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Old 10-26-2011, 01:15 PM
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Quote: Originally Posted by expat_panama View Post
.....most consuming is done by the wealthy....
That is simply not true. The non-wealthy outnumber the wealthy 100 to 1, and they spend almost all of the money they earn, so their total spending is actually the principal driver of the economy. Not only are the wealthy few in number, but they spend only a fraction of what they earn on consumables. The rest is saved or invested.

Am I allowed to mention the URL of my blog here? It's earthchurch.blogspot.com
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Old 10-26-2011, 01:26 PM
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Quote: Originally Posted by zenguy View Post
Quote: Originally Posted by expat_panama View Post
.....most consuming is done by the wealthy....
That is simply not true. The non-wealthy outnumber the wealthy 100 to 1, and they spend almost all of the money they earn, so their total spending is actually the principal driver of the economy. Not only are the wealthy few in number, but they spend only a fraction of what they earn on consumables. The rest is saved or invested.

Am I allowed to mention the URL of my blog here? It's earthchurch.blogspot.com
You are allowed. But first you have to pay me $5.

I will send you my PayPal account number.
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