I was wrong

[Skull Pilot]

If you have no money, it is no one's fault but your own. So instead of whining that "It's not fair", get off your lazy fucking ass and do something about it.

Because as we know, we can all be in that 1 percent, right??

I think you'll find that the vast majority of people on this board believe people should work hard and strive to do their best and they will accumulate wealth. What most people SHOULD find repugnant is that in a desperate attempt to get a "saviour" to run their company, boards don't tend to include a pretty decisive performance-based salary and bonus structure in the CEOs remuneration package. Or, having decided to sack the CEO, pay him or her out because they can't be bothered with a court case and the cost it might incur. I say fuck 'em, if it is proven their decision making abilities were crap, see you in court.

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

 

[rightwinger]

If you have no money, it is no one's fault but your own. So instead of whining that "It's not fair", get off your lazy fucking ass and do something about it.

Because as we know, we can all be in that 1 percent, right??

I think you'll find that the vast majority of people on this board believe people should work hard and strive to do their best and they will accumulate wealth. What most people SHOULD find repugnant is that in a desperate attempt to get a "saviour" to run their company, boards don't tend to include a pretty decisive performance-based salary and bonus structure in the CEOs remuneration package. Or, having decided to sack the CEO, pay him or her out because they can't be bothered with a court case and the cost it might incur. I say fuck 'em, if it is proven their decision making abilities were crap, see you in court.

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

 

[Skull Pilot]

Because as we know, we can all be in that 1 percent, right??

I think you'll find that the vast majority of people on this board believe people should work hard and strive to do their best and they will accumulate wealth. What most people SHOULD find repugnant is that in a desperate attempt to get a "saviour" to run their company, boards don't tend to include a pretty decisive performance-based salary and bonus structure in the CEOs remuneration package. Or, having decided to sack the CEO, pay him or her out because they can't be bothered with a court case and the cost it might incur. I say fuck 'em, if it is proven their decision making abilities were crap, see you in court.

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

So you all work for companies with some fat cat CEO making millions a year?

I highly doubt that.

And no one tells me those things you mention because i work for myself.

See, unlike you pathetic whiners, i chose to do something to secure my future. I chose to be in charge of my own life. I didn't stomp my feet and cry "It's not fair waaa waa"

You complain about a person getting a raise but you say nothing when 50% of your pay is taken by the government.

It proves to me that you whiners just have a pathological need to blame someone else for your woes.

 

[Dr Grump]

No way... not in a million years.

edit: If you'd like to take the time, I'd be more than willing to read why you believe that suddenly our economy was going to do a 180 and the credit market was bound to collapse over night without the aid of the Democrat fear mongers.

Immie

Not quite overnight, but it would have collapsed. The banks were not talking to each other - not talking US banks, talking European banks talking to US banks. They were not going to lend money, no money lending, economy slows. One of the basics of economics is that there has to be growth. No growth. Stagnation. Stagnation = recession or depression.

Because the European banks were saddled with a huge number of sub-prime mortgages that were cached with good mortgages, but through lack of oversight didn't see the bad ones in the bundles, when the debts were called in they told the US banks to get fucked. Bush and his advisors - and the dems who had brains - saw this happening and realised that the banks were not talking.

Don't believe me? Look at Iceland as an example of a country built on a house of cards and bad investments care of the sub prime bundles that their banks bought into.

Bail out was needed. No doubt about it. Now banks are talking to each other again and lending to each other. Unfortunately the US caught the worst of it because that is where it started...

 

[Immanuel]

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

That is true, but in the cases you described, the problem is bad management from the Board of Directors and you have the right to seek employment elsewhere if you don't like the way the company is being managed. Sometimes management doesn't realize what bad morale can cost a company.

That being said, management needs to weigh their decisions and determine what any one of those decisions is going to cost the company. It sucks but if we don't like their decisions, we basically have two options a) grin and bear it or b) pack our bags and go elsewhere. The job of the Board of Directors is to increase shareholder wealth. If they can do that then they are doing a good job. It is not their job to keep employees happy unless angry employees drops shareholder wealth. That sucks, but that is life.

Immie

 

[rightwinger]

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

So you all work for companies with some fat cat CEO making millions a year?

I highly doubt that.

And no one tells me those things you mention because i work for myself.

See, unlike you pathetic whiners, i chose to do something to secure my future. I chose to be in charge of my own life. I didn't stomp my feet and cry "It's not fair waaa waa"

You complain about a person getting a raise but you say nothing when 50% of your pay is taken by the government.

It proves to me that you whiners just have a pathological need to blame someone else for your woes.

Since when did this become about you??

The point is nationwide, executives have demanded more work for less pay while taking a 48% pay increase. They cry poverty while jacking up their own salaries.

What ever happened to leading by example?

 

[Dr Grump]

If you have no money, it is no one's fault but your own. So instead of whining that "It's not fair", get off your lazy fucking ass and do something about it.

Because as we know, we can all be in that 1 percent, right??

I think you'll find that the vast majority of people on this board believe people should work hard and strive to do their best and they will accumulate wealth. What most people SHOULD find repugnant is that in a desperate attempt to get a "saviour" to run their company, boards don't tend to include a pretty decisive performance-based salary and bonus structure in the CEOs remuneration package. Or, having decided to sack the CEO, pay him or her out because they can't be bothered with a court case and the cost it might incur. I say fuck 'em, if it is proven their decision making abilities were crap, see you in court.

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

Did you even read my post? Seriously? Where have I disagreed with you? My annoyance is huge payouts for executives who fuck over companies. Nothing to do with what people earn.


As an aside, if you know anything about economies, know this. No middle class, no first world countries. You want to live in a country where 1 percent have all the wealth and 99 percent don't? Go live in a third world country. Be my guest....

 

[Immanuel]

No way... not in a million years.

edit: If you'd like to take the time, I'd be more than willing to read why you believe that suddenly our economy was going to do a 180 and the credit market was bound to collapse over night without the aid of the Democrat fear mongers.

Immie

Not quite overnight, but it would have collapsed. The banks were not talking to each other - not talking US banks, talking European banks talking to US banks. They were not going to lend money, no money lending, economy slows. One of the basics of economics is that there has to be growth. No growth. Stagnation. Stagnation = recession or depression.

Because the European banks were saddled with a huge number of sub-prime mortgages that were cached with good mortgages, but through lack of oversight didn't see the bad ones in the bundles, when the debts were called in they told the US banks to get fucked. Bush and his advisors - and the dems who had brains - saw this happening and realised that the banks were not talking.

Don't believe me? Look at Iceland as an example of a country built on a house of cards and bad investments care of the sub prime bundles that their banks bought into.

Bail out was needed. No doubt about it. Now banks are talking to each other again and lending to each other. Unfortunately the US caught the worst of it because that is where it started...

As in every economic cycle, we were bound for a correction. US credit markets had been over extended. Banks needed to tighten down on credit, but it was not the "impending disaster" that the Democrats led everyone to believe. Some financial institutions would have failed but others would have taken their place.

Due to the credit situation the housing market was bound to suffer as well and the auto industry. The proverbial "shit was going to hit the fan". But, again we were not bound for a depression.

We weren't built on a house of cards... but we were due for a correction.

The Democrats knew what the situation was and they played it for what it was worth, believing they could straighten it out come February. Wasn't that when President Obama started saying things weren't so bad? They did not succeed in straightening things out. I don't think we've hit the bottom yet.

And as I said, they didn't even need to do it, becuase Jesus Christ could not have won this election if he ran as a Republican.

Immie

 

[Liability]

Nobody "earns" 500 times more than the average worker.

Says who? You? What are you? A Poverty pimpette?
It's no one's business but the company and their shareholders.

If that were true, we wouldn't have spent over a $trillion bailing out the failing banks.

We DIDN'T "have" to do any such thing and we shouldn't have done it, either. That was the handiwork of the Marxist in Chief and his willing socialist accomplices in Congress. And just because lobbyists had the audacity to SEEK such improper governmental largesse does not excuse the damn government for agreeing to it. Who the fuck do you think you're kidding?

 

[Care4all]

How does one get their wealth stolen from them? Esp. when they pay no taxes. While the rich may be getting richer (or were) so were the poor. How many poor people own cell phones and have cable TV? Do the poor in socialistic countries enjoy these luxuries?

When I was starting out, I worked two minimum wage jobs. It never occurred to me that someone had actually taken the money I never had. Liberal math again.

It is stolen from the devaluing of the dollar for one. But there are many other things. Where you fail and most on the right fail is with this fallacy that only the wealthy pay taxes. It is a spoof that you try to pull over everyone, and in many cases, you actually believe it, even if you are not one of those who are considered wealthy.

The problem you have is that when you discuss taxes, you only take into consideration federal income taxes, and yes, the wealthy do pay the bulk of these taxes. However, this only accounts for a very small percentage of overall taxes that people pay. While the wealthy pay a higher rate of income tax, they pay a much lower rate of payroll taxes because they stop paying SS taxes after $106,000. Now if they make exactly $106,000, then they will pay the maximum rate for SS, but beyond that, their percentage goes down with every extra dollar earned.

Beyond that there are sales taxes, property taxes, sin taxes, excise taxes, energy taxes and a few others. Everyone pays those taxes and they take a much bigger bite out of the income of someone earning $30,000 per year than they do out of someone earning $1 million per year. In the end, a family of four earning $50,000 per year will pay an equal percentage of their income, if not more, than a family of four earning $150,000 per year.

As taxes eat away at the low income earner, there is nothing left to save, while the wealthy have a huge percentage of their income available for savings. And with that, the rich get richer and the poor remain stagnant. And as the value of the dollar declines, the poor get poorer.

This is not rocket science; it is very easy to discern, yet so many of you completely fail to see this as you argue that the rich should not be taxed so much and that they already pay more than their fair share. Well, it's all poppey cock. The rich are not paying more than anyone else, and they are reaping the benefits while lower income earners are being raked over the coals.

http://www.aei.org/issue/26125

excellent analysis auditor!

 

[Meister]

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

So you all work for companies with some fat cat CEO making millions a year?

I highly doubt that.

And no one tells me those things you mention because i work for myself.

See, unlike you pathetic whiners, i chose to do something to secure my future. I chose to be in charge of my own life. I didn't stomp my feet and cry "It's not fair waaa waa"

You complain about a person getting a raise but you say nothing when 50% of your pay is taken by the government.

It proves to me that you whiners just have a pathological need to blame someone else for your woes.

Since when did this become about you??

The point is nationwide, executives have demanded more work for less pay while taking a 48% pay increase. They cry poverty while jacking up their own salaries.
What ever happened to leading by example?

I have been asking our government to lead by example in this matter for a long time.

 

[rightwinger]

Because as we know, we can all be in that 1 percent, right??

I think you'll find that the vast majority of people on this board believe people should work hard and strive to do their best and they will accumulate wealth. What most people SHOULD find repugnant is that in a desperate attempt to get a "saviour" to run their company, boards don't tend to include a pretty decisive performance-based salary and bonus structure in the CEOs remuneration package. Or, having decided to sack the CEO, pay him or her out because they can't be bothered with a court case and the cost it might incur. I say fuck 'em, if it is proven their decision making abilities were crap, see you in court.

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

This is another example of why "trickle down" theory doesn't work. Giving companies unlimited incentives and assuming resultant profits will then trickle down to workers isn't happening.
Its time to start giving incentives directly to the workers.

 

[Liability]

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

This is another example of why "trickle down" theory doesn't work. Giving companies unlimited incentives and assuming resultant profits will then trickle down to workers isn't happening.
Its time to start giving incentives directly to the workers.

It is still a mystery why ardent leftists, like the deliberately-misnamed "rightwinger,' so frequently find it necessary to fly under a false flag.

Workers, by the way, do get incentives directly. It's called "pay."

And it's not at all time for the gubmint to "give" workers (directly or otherwise) a fucking thing. It is well PAST time that the gubmint STOP pretending to have any right or authority to "give" anything to workers or to companies at all -- and to stop behaving in that remarkably improper fashion.

 

[Darkwind]

Because as we know, we can all be in that 1 percent, right??

I think you'll find that the vast majority of people on this board believe people should work hard and strive to do their best and they will accumulate wealth. What most people SHOULD find repugnant is that in a desperate attempt to get a "saviour" to run their company, boards don't tend to include a pretty decisive performance-based salary and bonus structure in the CEOs remuneration package. Or, having decided to sack the CEO, pay him or her out because they can't be bothered with a court case and the cost it might incur. I say fuck 'em, if it is proven their decision making abilities were crap, see you in court.

who said anything about reaching the top 1%?

the fact that some CEO is getting paid more than me has absolutely no bearing on my life or yours for that matter.

This is nothing but another pathetic blame game in which people who enjoy feeling victimized like to play.

Tell me what is the deciding factor in regards to how much money you earn?

Let me give you a hint:

YOU

No one else, not your mommy, your daddy, your friends, your banker, your butcher, your candlestick maker, not some stranger or some CEO but you.

And no you may not be able to be the richest person in the world but so what? You can however be financially independent if and only if you stop your pathetic whining.

If you want to know who costs you more than a CEO, try adding up all the money the government actually takes from you and tell me how is the worst offender.

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

Claissic example of completely missing the point.

 

[Darkwind]

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

This is another example of why "trickle down" theory doesn't work. Giving companies unlimited incentives and assuming resultant profits will then trickle down to workers isn't happening.
Its time to start giving incentives directly to the workers.

It is still a mystery why ardent leftists, like the deliberately-misnamed "rightwinger,' so frequently find it necessary to fly under a false flag.

Workers, by the way, do get incentives directly. It's called "pay."

And it's not at all time for the gubmint to "give" workers (directly or otherwise) a fucking thing. It is well PAST time that the gubmint STOP pretending to have any right or authority to "give" anything to workers or to companies at all -- and to stop behaving in that remarkably improper fashion.

Well said brother.

 

[Newby]

every company has only so much money, that is allotted for payroll expenses...a certain percentage of their business goes towards paying their employees, their workers, that still keeps them profitable.

When a corporation or company is planning their Business...with a projected plan for the following year, and for the corporation that I worked for, we planned the following 5 years of expected business/sales along with estimated future expnses...payroll expense along with all other expenses, including what you estimate in Mark downs, is in the calculation in order for us to project our expected profit margin and profit dollars....

so, every company has a projected figure of what they can spend on their employee's salaries with the estimated projected sales.... This IS NOT DONE HAPHAZARDLY as some may think that are not in business or working for a corporation.

So, for those of you who keep asking how does the CEO steal from the worker?

If the company estimates that their sales will be 100 million and their payroll expense is estimated at 15% of their sales, then they can use 15 million of their sales for Payroll of everyone.

using an example of this company having 1000 employees....

If the corporation paid the CEO $5 million in salary and used the other 10 million to pay the other 999 employees, they on average would be getting paid $10, 010 dollars a year as salary while the one guy at the top took $5 million for his work.

MONEY IS LIMITED when it comes to payroll...it is NOT an unlimited supply.

So, when the ceo decides for himself, with the help of his board of Directors that he will pay himself the $5 million first, and then the rest is left for the other 999 employees, and when he says that he is worth 500 TIMES MORE than the 999 other workers individually....THAT is a sign of GREED and that is STEALING from the WORKERS that produced the 100 million in sales for the company.

It would have been more appropriate to pay himself $1.4 million a year in salary and let the 13.6 million left go towards the workers, giving the employees on average 36% more in pay, bringing them to $13,600 a year as salary average for the 999 employees verses $10,010 on average for the employees.

This makes no SHAREHOLDER any less profitable....the owners of the company no less profitable.

X amount is spent on payroll...whether the ceo is given 500 times the employee avg salary or given just 100 times the avg employee salary....the workers are the ones that take the hit after the CEO takes his fair share or more than his fair share of the payroll allotment based on projected sales.


Care

But, the employees hired on agreeing to the pay of $10,010 a year, a gun wasn't held to their head, and they can leave for better prospects elsewhere should they so choose. That's what being a free market is all about. If a company wants good employees, they will have to pay more for them. There is no theft in what you described.

 

[Care4all]

every company has only so much money, that is allotted for payroll expenses...a certain percentage of their business goes towards paying their employees, their workers, that still keeps them profitable.

When a corporation or company is planning their Business...with a projected plan for the following year, and for the corporation that I worked for, we planned the following 5 years of expected business/sales along with estimated future expnses...payroll expense along with all other expenses, including what you estimate in Mark downs, is in the calculation in order for us to project our expected profit margin and profit dollars....

so, every company has a projected figure of what they can spend on their employee's salaries with the estimated projected sales.... This IS NOT DONE HAPHAZARDLY as some may think that are not in business or working for a corporation.

So, for those of you who keep asking how does the CEO steal from the worker?

If the company estimates that their sales will be 100 million and their payroll expense is estimated at 15% of their sales, then they can use 15 million of their sales for Payroll of everyone.

using an example of this company having 1000 employees....

If the corporation paid the CEO $5 million in salary and used the other 10 million to pay the other 999 employees, they on average would be getting paid $10, 010 dollars a year as salary while the one guy at the top took $5 million for his work.

MONEY IS LIMITED when it comes to payroll...it is NOT an unlimited supply.

So, when the ceo decides for himself, with the help of his board of Directors that he will pay himself the $5 million first, and then the rest is left for the other 999 employees, and when he says that he is worth 500 TIMES MORE than the 999 other workers individually....THAT is a sign of GREED and that is STEALING from the WORKERS that produced the 100 million in sales for the company.

It would have been more appropriate to pay himself $1.4 million a year in salary and let the 13.6 million left go towards the workers, giving the employees on average 36% more in pay, bringing them to $13,600 a year as salary average for the 999 employees verses $10,010 on average for the employees.

This makes no SHAREHOLDER any less profitable....the owners of the company no less profitable.

X amount is spent on payroll...whether the ceo is given 500 times the employee avg salary or given just 100 times the avg employee salary....the workers are the ones that take the hit after the CEO takes his fair share or more than his fair share of the payroll allotment based on projected sales.


Care

But, the employees hired on agreeing to the pay of $10,010 a year, a gun wasn't held to their head, and they can leave for better prospects elsewhere should they so choose. That's what being a free market is all about. If a company wants good employees, they will have to pay more for them. There is no theft in what you described.

yes, they did agree to their initial hire pay, but from that point on, it is all up for grabs, I suppose.

And I think I really do differ with you on what you say about, "you can just leave"...that, in real life, is much easier said than done and each person's circumstance is different.

And in this kind of downturn, anyone to leave their job without having a solid one, is absolutely crazy...

businesses are aware of such.

My husband's corporation told everyone that worked for the company last year, when the market crashed, that no one would be getting raises this upcoming year...they were planning their various areas of business down....don't expect a bonus, expect nothing, EVEN IF YOU MET your sales plan or beat the heck out of your area of business's sales plan...

Which my husband is doing...his area has kicked butt regardless of this recession while other areas of business for this corporation are getting killed...other Managers of the same area of business in the rest of the corporation similar to matt's are not doing nearly as well as he is and this is simply because he knows what the heck he is doing and is way over qualified for the job he holds and took, just for the insurance opportunity when we first moved here...to get us off of paying the enormous COBRA bill...anyway, no raise, no bonus, no nothin', even though he busted his butt to beat the heck out of his projection and show them his stuff...what can be done if you have someone that knows what they are actually doing... no matter what the numbers are showing them...no raise no bonus...and insurance out of pocket going up for next year....with less coverage for their company's new insurance plan.

Anyway, yes he is looking for a better opportunity and something of higher level of responsibility which he is used to, but it just ain't gonna happen...not up here....we would move again, but we bought this house in 2006 at the peak of the housing market and negotiated it down almost 40k but it has dropped almost 30% since the purchase and we would lose our butts bigtime if we went to sell the house now...we are stuck here for a while....until things for everyone get better...until happy days are here again!

For someone else it could be they can not take that better job elsewhere because of children in school,

or their wife's job

or a number of things, where they are left there, at the company they bust their butt for...

And you also have to consider people's 401k's they can't keep moving on to the next employer to better themselves when it takes a year for most companies to start matching you for your 401k and 5 years to be vested in all of the money the company has matched, that also has to be considered.

And as mentioned, health care costs keep many with their employer offering the benefit too...

And if you are in a fairly rural area such as Matt and myself, options are very very limited...not complaining actually....happy to have our house and the beauty up here...and we really don't need much money to get by...we do not have a mortgage, paid for the house with hard earned savings and money off of another house...but honestly, we just get by...as said, which is fine for us with no children or college educations to worry about...but others, living up here could be a hard life...people stay anyway, because of family and the beauty perhaps, though I am convinced as outsiders to the State, we recognized the beauty of the simplicity of it all up here, more than the local Mainers. I mean, it is not like a maine Lobsterman can go somewhere else other than the new england seas very easily...

it is just so different up here...just past civilization! just kidding, there are some people up here!

there are certainly more job opportunities near cities to better oneself... and if you do not own a home in this market...you can do as you say, TRY to better yourself by moving to another state perhaps.

We moved from florida to massachusetts for a job offer I was given...matt had to quit his job and start from square one, but the over all monetary increase was worth it, so we did it...we have no problems moving, if it were to better ourselves if we wanted to...but as said, no kids getting in the way those years...and we kinda like the hard, naturalistic, every day counts to survive attitude and aliveness of living up here....

care

 

[Skull Pilot]

I'm afraid that CEO pay and executive pay does have a bearing on our lives.

When management comes to you saying things are tough and layoffs are in your future and that you had better work extra hours for no additional pay it has a bearing on your life

When management tells you that you have to cough up more for health insurance for less coverage, it has a bearing on your life

When management tells you for the third year in a row that they can't afford to give you a bonus or pay increase it has a bearing on your life

Then management turns around and gives executives a 48% pay increase based on the sacrifices you made....yes it has a bearing on your life

So you all work for companies with some fat cat CEO making millions a year?

I highly doubt that.

And no one tells me those things you mention because i work for myself.

See, unlike you pathetic whiners, i chose to do something to secure my future. I chose to be in charge of my own life. I didn't stomp my feet and cry "It's not fair waaa waa"

You complain about a person getting a raise but you say nothing when 50% of your pay is taken by the government.

It proves to me that you whiners just have a pathological need to blame someone else for your woes.

Since when did this become about you??

The point is nationwide, executives have demanded more work for less pay while taking a 48% pay increase. They cry poverty while jacking up their own salaries.

What ever happened to leading by example?

really all executives nation wide have received 48% raises? And people like you do nothing but whine that it's someone else's fault that you don't make more money.

And why don't YOU lead by example and stop fucking whining about other people's pay and do something rather than being led like a bleating sheep to slaughter?

 

[CryGlennCry]

The point is nationwide, executives have demanded more work for less pay while taking a 48% pay increase. They cry poverty while jacking up their own salaries.

What ever happened to leading by example?

This.

The point isn't "if you don't like the pay you're getting you can quit." (as if good paying jobs were everywhere)
The point is many people are losing jobs while executive pay has risen.
Their boom is LITERALLY on the backs of the working man. Well, on the backs of the men who used to have jobs.
No one's whining about the rich. It's the way you get rich.
Who is hurt by your good fortune?
Maybe I am a bleeding heart....
It just seems being human to me.

 

[Immanuel]

yes, they did agree to their initial hire pay, but from that point on, it is all up for grabs, I suppose.

And I think I really do differ with you on what you say about, "you can just leave"...that, in real life, is much easier said than done and each person's circumstance is different.

And in this kind of downturn, anyone to leave their job without having a solid one, is absolutely crazy...

businesses are aware of such.
Snipped for brevity...

care

Good morning,

Seems you've been ignoring me lately.

You are right, it is hard to move to another job and employers know that. But, I fail to see how that makes any difference. They hire an employee based on the going wages for the time of hire and quite frankly they try to get the costs down as much as possible just as the hiree is trying to get the best deal he/she can. Also, later new hires might even end up making more than the long term employees due to market conditions.

None of that is the employer's fault. Just like the employee, the employer is trying to make as much money as possible. Why is that okay for the employee but not the employer?

If the employee is unhappy, he/she has to decide if it is worth staying in that job or moving elsewhere. That is the employee's choice.

Immie