Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Correct and our economy suffers. This is why we have very slow growth. We no longer have capitalism, just this twisted cronyism.With so many near monopolies not buying their products is hardly an option. It's different when the board loaded with ceos hires the ceo for a huge salary knowing it will lead to them also getting increases in the future. Amazing you can't see the difference.Yes cause it's good practice to overpay a bad ceo and then pay them a fortune when you fire them. Nothing wrong with that....Fine, think it's a scam all you want, but if you really want that CEO working for you, an acceptable offer has to be presented. If that's what it takes to get the employee, then you have the choice to accommodate or decline. I don't know how you can call it corrupt when that's the way business deals are made all the time. Just because you can't land a position like that doesn't mean it's a scam when others can.
No, there is not. Just like when a famous actor or actress is paid 15 million dollars for a single movie, and it flops. Or if a very popular band gets a recording contract for ten million dollars based on past sales, and they can't sell it at half price. That's the way it's done.
It's their risk they are taking on--not yours. Nothing is guaranteed. A company of any kind has to take their chances when they are in the businesses they are in.
Now if you object to these business practices, don't buy their products, don't use their services, boycott those baseball or football games, don't buy any recordings from that favorite band of yours. But I'm willing to bet that if you do have a managed IRA, one of the companies they invested your money into made similar business dealings such as described.
That's the way bushiness is done, and outside of boycotting it, there is nothing you can do about it.
There is nothing wrong with our economy. In fact, it hasn't been this great in decades. Under President Trump, records are being broken all the time in employment, minority employment, household income, consumer and business confidence, all of it.
If you're not doing well, then I don't know what to tell you, but the rest of us are doing just fine.