CEO pay: These guys made how much?

Discussion in 'Economy' started by CA95380, Oct 2, 2008.

  1. CA95380
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    CA95380 USMB Member

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    Their companies went belly-up, but they walked away with a fortune :eusa_eh:

    CEO pay: These guys made how much? - Economy in Turmoil - MSNBC.com
     
  2. clane1987
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    clane1987 Member

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    The senator from Vermont said it best yesterday on CSPAN in my opinion.
     
  3. Diuretic
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    Diuretic Permanently confused

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    I like Bernie. He's a good man.
     
  4. editec
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    editec Mr. Forgot-it-All

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    Hye, if the stockerholders are SO unbelievably STUPID, that they honestly thought those guys were worth that much?

    No skin off my nose.

    This whole government must regulate paychecks idea is a TERRIBLE idea, folks.
     
  5. NOBama
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    NOBama Senior Member

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  6. editec
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    editec Mr. Forgot-it-All

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  7. NOBama
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    NOBama Senior Member

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    We also elect our government officials, but it seems that we can't influence them any more than we can influence a sitting BOD unless, as you allude to, you own a big enough stake in the company.

    Like you, I am not a proponent of government regulation of anybody’s salary, including CEO’s. Conversely, I oppose the post employment compensation packages “Golden Parachute” these people get.
     
  8. glockmail
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    glockmail BANNED

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    Like a monkey at a keyboard sooner or later he'll type out something that makes sense. :eusa_whistle:
     
  9. sealybobo
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    sealybobo Diamond Member

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    Did you see yesterday I posted something from MSNBC that said everytime they try to curb excessive ceo pay, the ceo's find a way around it. Stock options, for one. And then the CEO's mess with the stock prices on their way out because it's their money. Then they leave and we find out the stock prices were inflated.

    Shareholders should be allowed to vote for raises and bonus'. If you did well, you get a bonus. If they want to keep you, they give you a bonus. But if we vote and say no, then you have two choices. Work for the 1 million salary or move on. No golden parachutes.

    Another rule to try and curb this was to announce what CEO's make. That way it's embarrassing if they pay them too much. But it had the opposite affect. Instead, other ceo's saw what one guy was making and they all started asking for what the top paid guy was making.

    CEO's and the executives below them today are more about their pay than they are making the company successful.
     
  10. editec
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    editec Mr. Forgot-it-All

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    Oh, I oppose them, too.

    I just don't think they're any of my business since I don't own those stocks.

    Many of these CEOs, would, I think, in a civil society run by the rules of law, and in a truly capitalist society, be going to jail along, with the RATINGS company CEOS for LYING to the bondholders AND stockholders, too.

    I do not expect that to happen because we do not live in that society.

    We live in an corrupt oligarchy masquading as a democratic republic.

    If that's not obvious by now to most of you, as this bail-out rip-off unfolds, then nothing will convince you.
     

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