Tell me this if those CEO's did not receive billions while jacking up the cost of everything and taking out any competition along the way where would these companies be?
You're looking at a number; the amount paid to a CEO and you 'feel' that this number is what is driving or has driven those businesses to bankruptcy... when in fact, in the case of industry, those CEO compensations amount to ZERO...
Look at GM... Now lets assume
for the sake of argument that the CEO of GM was compensated a BILLION dollars a year for Ten years... easy math sums that to TEN BILLION Dollars... A staggering number, right?
GM is paying that amount of money out to pay off JUST the medical insurance of its FORMER EMPLOYEES... every MONTH...
not including the pensions...
Not including the Medical insurance
OR the payroll for their current employees... BILLIONS in absurd COSTS which they agreed to, through coercive bargaining implemented upon them by the government sponsorship of Unions... over decades of 'bargaining'...
Thus, the REDICULOUSLY inflated DECADES worth of CEO Compensation figure, 10 BILLION DOLALRS; WERE 100% OF IT STRIPPED FROM THE CEO... and given THE THE EMPLOYEES... that DECADES WORTH (AGAIN ABSURDLY INFLATED TO MAKE THIS POINT) would not pay ONE MONTHS payroll liability.
As it stands right now... the GM CEO is working for one dollar a year. Just enough consideration necessary to establish a legally binding contract... and GM is coming, quarter after quarter for TENS OF BILLIONS MORE... to satisfy payroll liabilities...
Now Rodishi... surely we can agree that the problem is NOT the CEO's compensation... but is rooted in the absurd levels of compensation which GM, Ford and Chrysler have been saddled with, through GOVERNMENT SPONSORED COERCION... to prop up the bargains of THE WHOLLY IRRESPONSIBLE COLLECTIVE WORKFORCE.
I lived in Michigan for several years... and I've never seen a lazier pack of individuals in my life... The mentality is that they are ENTITLED to be paid TOP FLIGHT WAGES for levels of production which in every facet are at or below par with the wages of individuals elsewhere who do more FOR LESS, every single day.
Collective bargaining undermines incentive and where incentive is undermined, production falls; where production falls, costs go up, where costs go up; the viability for that organization goes down exponentially; as NATURE $is based upon COMPETITION and despite the best efforts of the ideological left to remove the natural order from the market... such is impossible, because SOMEWHERE, SOMEONE will work harder and offer a BETTER PRODUCT FOR LESS MONEY AND WHEN THAT HAPPENS... they're going to BEAT OUT THOSE WHO HAVE LOST THEIR INCENTIVE TO COMPETE. It never fails... because it cannot FAIL; because that is THE NATURAL ORDER.