Some Good Economic News for a Change

Discussion in 'Economy' started by Mr Clean, May 7, 2011.

  1. Mr Clean
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    Mr Clean Gold Member

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    CEO pay exceeds pre-recession level

    Good for them because who's more deservant of a boost in pay than the hard working men and women that give us so much and ask for so little in return.
     
  2. sparky
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    sparky VIP Member

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    and it'll trickle on down any day too.....
     
  3. Toro
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    Toro Diamond Member

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    CEO pay has accelerated far faster than growth in wages or GDP over the past two decades. Yet there is no correlation between CEO pay and performance. In fact, there is evidence that the more a CEO is paid, the worse the company does.
     
  4. sparky
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    sparky VIP Member

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    greed trumps productivity?

    say it ain't so Toro....
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Does pessimism raise risk of double dip?
    :confused:
    Does gathering gloom raise risk of double dip?
    6/17/2011 - With recovery limping along, pessimism could begin weighing on growth

     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    Bonuses and record incentive pay all during 2009 especially.
    The worst year for just about every American alive - except Wall Street and corporate banks.
    Right after receiving $billions in taxpayer bailouts....what a coincidence.
     
  7. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Maybe it's because these CEOs lead their companies to higher profits? Hey look, I know most of these guys are overpaid, the average of the CEOs they looked at was about 9 mllion. Probably the stockholders should have more power in the compensation packages, but geez guys, when are you going to stop pissing and moaning about these guys?

    So you raise taxes on these guys like Obama wants to, and you get maybe 70 billion extra in revenue a year. In todays economy that ain't shit, it's not going to help anybody and may actually hurt if the rich guys park their money offshore or in tax shelters of some kind. When are you going to stop focusing on fucking fairness and start thinking about what we need to do to grow the economy.

    Already tried a big stimulus package, didn't help. You need the rich guys and big corps to invest here, but they are less likely to do that if you raise taxes. You need the "irrational exuberance" we had back in the 90s, a tax hike sure as hell isn't going to help in that regard.
     
  8. rdean
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    rdean rddean

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    Yea right, "FAIRNESS" ------> bad!
     
  9. rdean
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    rdean rddean

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    I can see one good indicator. Before the last year of Bush's second term, I used to get calls about once a month from headhunters asking if I would be interested in changing my job. Headhunters spend a lot of time attempting to lure engineers away from where they are working to another company. Many make their money doing that and engineers who are currently working are very desirable.

    I haven't had a single offer since then until last month. That's "two" offers I've had now. One last month and one this month. That's a "personal" indication that people may be hiring. Because it's not backed by any statistics I'm not aware of, it may mean nothing.

    Software Engineers in Short Supply for U.S. Firms

    Can it be true? Strong hiring for engineers | Machine Design

    One place to test the strength of employment trends is with people who make their living finding new hires: headhunters and recruiters looking for engineers. Those we’ve talked to recently say their business is getting much better.
     
  10. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Not bad, just stupid if you're letting it get in the way of economic recovery.
     

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