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Left sucks! so visit our new group! Obama is a Joke! |
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Last I have read (it may have changed), Warren Buffet's salary is $100,000. In other words, when he makes the correct decision, his stock valuation goes up. When he doesn't, he still gets paid a decent amount for all his hard work, and he does work extremely hard. I like this model.
My friend is a pilot for American Airlines. The CEO asked all the unions to take a pay cut 2 years ago. They did. They workers have not gotten raises since, yet the executives continue to get bonuses, all while the company is in absolute shambles, debt has skyrocketed into the billions, and stock has dropped considerably. The pilots cannot go elsewhere because most other airline CEOs are just as bad and pay less. This is exploitation and I will not fly with them. This boycott is my choice and is currently the only way that people can fight back. If you don't like what a company does, whether its CEO pay, or outsourcing (Dell, EDS), or hiring children (Nike), or whatever - then don't do business with them. I don't think there is a good/fair/easy way to put some kind of a ceiling on what CEOs get paid, so if you really care about this sort of thing then do your research and don't buy products and services from such a company. If you just want some cheetoes and don't care that their CEO makes $107 million while relaxing in Hawaii, then by all means, grab some cheetoes. |
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Last month several major corporations announcing lay-off workers, as usual to lay-off workers is the first thing come to their mind and is something even you and I can do it.
As much salary a CEO get, you will think that they have the capability to do something extraordinary to their job. They should be able to keep their company rising no matter what the economy is, they should be able to go to OPEC and negotiate the oil price themselves or even get all CEOs together to go to congress and demand a military interference to bring down the oil price, furthermore they should be able to perceive that the interest rate cut is not working and ask FED to raise the interest rate to save the American dollar... However they all choose to sit and watch our economy sinking with the outrage oil price and doing nothing worthy. Last edited by jcwang; 06-06-2008 at 03:58 PM. |
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You DO know that if you eliminate the CEO's pay, at ExxonMobil, the price of gasoline would drop 0.0001¢. Wooooo boy! That's a big difference!
Seriously...being bitter because you're not part of the "rich elite," is starting to look bad. As I've said...work harder to raise yourself to their level, instead of dragging them all down to yours.
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"What do you mean, I'm not kind? I'm just not your kind." - D. Mustaine. |
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I posted this thread in March 2008, nobody seems to give a dam about our greatest capitalist inventions -CEOs. WIth our economy in such chaotic shape, I certainly want to see which CEO can REALLY save their company from such a mess. Show us your magic and talent and why you deserve such high pay?
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Like all employees some CEOs make mistakes, act out of greed, commit fraud. There's got to be enough regulation to prevent the mistakes/greed/fraud from getting out of hand and harming the economy. It is unfortunate when a CEO runs a company into the ground and gets a multi-million dollar severance but that's how it works in a free market economy. The alternative is available to anyone who doesn't mind the inconveniences of communism.
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"I don't think we should be governing ourselves. What we need is a king, and every now and then if the king’s not doing a good job, we kill him." - George Carlin |
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She deserve evey penny of her salary. The rest can go to hell. |
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