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Thread: The economic recovery turns 2: Feel better yet?

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    Because companies are so much better off by paying CEO's more than they're worth, right? If the market did not demand those high salaries, then why do companies continue to pay them? Wouldn't the smarter company save a lot of money by not doing it?
    if the board was looking out for shareholder interest yes, that should be the case.

    But as the Pres and CEO are looking out for their interests, they nominate people to the board, and the people on the board are looking for thier own interests (unless they specifically represent a major shareholdr), and as the board's pay is often determined by the CEO and the CEO's pay is determined by the board, they have a serious conflict of issue regarding compensation. Which is why the Compensation commitee was introduced, and by god the Comp committee is paid for and choosen by the company so it is in their interest to recomend a higher rate of pay in order to be choosen again.


    Overall high level management (pres, CEO, other Chiefs) the US are paid at least double what the same positions pay in similar companies in Germany and Japan.
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by phattonez View Post
    How do car makers get the money for an auto manufacturing plant? You think they can do that on profits alone? Do you realize how many years it would take to build up the money for that investment through profit alone?
    When your company makes 100s of millions/year, the only time you need capital investment other than reserves is for expansion. Lets take my example of giving the workers more money and taking some of the money from the CEO. Those same workers now have enough money to actually invest in the company, put into their 401ks (investment) etc. No matter how you look at it, the net result of taking money away from a CEO bonus and distributing it to the workers is a win-win-win situation.
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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Amazed View Post
    So when it gets repealed you will support that legislation?
    I've always opposed such legislation at the federal level, so it would only make sense that I would support a repeal of it.

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by BDBoop View Post
    Hello? It's in the ****ing New York Times. If they don't want their information out there, maybe they should put a lid on it.
    The New York Times in not ranting about it on DP. That would be you.... and, as I said, it is none of your damn business unless you are an shareholder (owner).

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by xpiher View Post
    When your company makes 100s of millions/year, the only time you need capital investment other than reserves is for expansion. Lets take my example of giving the workers more money and taking some of the money from the CEO. Those same workers now have enough money to actually invest in the company, put into their 401ks (investment) etc. No matter how you look at it, the net result of taking money away from a CEO bonus and distributing it to the workers is a win-win-win situation.
    You probably know what you are suggesting is just silly. There is no such thing as a pot of money that folks decide how to divide. Nice in fairy tales, has nothing to do with real life.

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by washunut View Post
    You probably know what you are suggesting is just silly. There is no such thing as a pot of money that folks decide how to divide. Nice in fairy tales, has nothing to do with real life.
    Please clarify. At my company and every other company I have worked at, yearly bonuses and salary raises were linked to profits...a set amount of money. Someone does decide how the money is divided. Usually, the board and the top execs. They decide on the dividend to the shareholders the bonuses of the top execs, how much goes into expansion or debt payment...the list goes on. Are you stating that for some reason they over look people's salaries?
    Last edited by Realitybites; 07-04-11 at 11:17 PM.

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Realitybites View Post
    Please clarify. At my company and every other company I have worked at yearly bonuses and salary raises were linked to profits...a set amount of money. Someone does decide how the money is divided. Usually, the board and the top execs. They decide on the dividend to the shareholders the bonuses of the top execs, how much goes into expansion or debt payment...the list goes on. Are you stating that for some reason they over look people's salries?

    Have you ever put together the business plan for your corporation. I have done that for many years. No people's salaries are not overlooked. But they are viewed separately than CEO pay. Also the calculation is not on profits as such but as profits as a percent of the annual plan, plus other aspects not profit related. There might be goals for employee retention, working capital or any number of things.

    What I can tell you is that I have never been with a company that cut CEO pay and paid other workers more because of it.

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by xpiher View Post
    When your company makes 100s of millions/year, the only time you need capital investment other than reserves is for expansion.
    Have you noticed our unemployment problem? Yeah, we need "capital investment."

    Lets take my example of giving the workers more money and taking some of the money from the CEO. Those same workers now have enough money to actually invest in the company, put into their 401ks (investment) etc. No matter how you look at it, the net result of taking money away from a CEO bonus and distributing it to the workers is a win-win-win situation.
    Your'e assuming too much. You're basically assuming that the money is better spent by the workers than the CEO. Is that true? Who's typically the better investor? The rich man or the poor man?

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Dittohead not! View Post
    yes, with a ten million dollar "golden parachute". Where can I get a temp job as a CEO again?
    Get the skills and experience first.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: The economic recovery turns 2: Feel better yet?

    Quote Originally Posted by Realitybites View Post
    Please clarify. At my company and every other company I have worked at, yearly bonuses and salary raises were linked to profits...a set amount of money. Someone does decide how the money is divided. Usually, the board and the top execs. They decide on the dividend to the shareholders the bonuses of the top execs, how much goes into expansion or debt payment...the list goes on. Are you stating that for some reason they over look people's salaries?
    You're talking about two different buckets of money. Capital money does not equal "payroll". Capital is meant for aquisition, expansion, reinvestment, or could be applied as a "success based capital" to expand existing products and services to increase competition. Bonuses are sometimes derived from profits which are over and above expected revenue of a company. For example, my company identifies is sales and revenue are > 95% of expectation, a % based on position and business unit are provided. The more a business unit risks, the higher the pay out up to a ceiling of say 150%.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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