View Poll Results: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

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  • Disagree. Quality CEOs are in short supply. They must be paid more or companies can't survive.

    52 54.74%
  • Agree. Times are tough. CEOs should take pay cuts to help their companies be more profitable.

    43 45.26%
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Thread: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

  1. #31
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    CEOs of public companies? Depends on the strategy of the board and the CEO and what the shareholders want to gripe about.
    They will always come out ahead, any token "Salary reduction" would primarily be for show anyway, it would do *nothing* to address all this wrongfully perceived injustice.

    I can assure you that if you spent more time and energy on your own career and financial situation, it would yield far greater, and longer lasting returns on your investment, rather than on CEO bashing or CEO salary reduction gimicks. It may even be more fun.

  2. #32
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by jamesrage View Post
    I agree that CEOs should take pay cuts too, it is morally wrong to screw the people on the bottom who do most of the physical work to fatten the pockets of those on top. But there is nothing we can legally do and nor should we legally require them to do anything. We would be treading on dangerous ground if we were to make a maximum wage.
    Actually, there's a lot we could do legally - buy stocks and during the stockholders meeting use those stock to pass in-house rules limiting the pay of the CEOs.

    CEOs are going to limit anything themselves. However, they are still beholden to stockholders. So only the stockholders can enforce limited pay for CEOs.
    Also, we need to legalize recreational drugs and prostitution.

  3. #33
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by LuckyDan View Post
    If a CEO's company makes money, why shouldn' the CEO get a raise, like everybody else? Including the workers in the mailroom?
    Because the employees, including the workers in the mailroom, don't necessarily get their wages raised whenever the CEOs get a raise.
    Also, we need to legalize recreational drugs and prostitution.

  4. #34
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by Mach View Post
    CEOs of public companies? Depends on the strategy of the board and the CEO and what the shareholders want to gripe about.
    They will always come out ahead, any token "Salary reduction" would primarily be for show anyway, it would do *nothing* to address all this wrongfully perceived injustice.

    I can assure you that if you spent more time and energy on your own career and financial situation, it would yield far greater, and longer lasting returns on your investment, rather than on CEO bashing or CEO salary reduction gimicks. It may even be more fun.
    Actually, there is time in life to do both. It's not an either/or proposition.

  5. #35
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    I agree, but i don't think the government should'nt do anything to do about it.

  6. #36
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by samsmart View Post
    Because the employees, including the workers in the mailroom, don't necessarily get their wages raised whenever the CEOs get a raise.
    Maybe not, but they always get their money before the shareholders get theirs.

    Most workers get annual performance reviews and if they meet their job's criteria to a satisfactory level, they get a raise - that is if they are fortunate enough to work for a company that knows how to make money.

  7. #37
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by TheDemSocialist View Post
    Well we were at the closest sense the Great Depression...

    And,

    So you disagree with the study done by Equilar that finds there is a 23% gain from 2009?




    We have been at the closest sense the Great Depression.



    It looked at all the major corporations and companies, so what? Why does that matter? Its not "deceptive" if it openly tells you that its looking at the major companies and corporations...


    One! One!? One!? We should feel so bad for him and give him a huge tax break!


    Never saw anywhere that it stated or began to state that "business has no right to be successful". Wondering how you got that out of the article or the snipit you posted.





    Well it is a socialist article...





    Well maybe you should stop being so content...
    I haven't read the study but I won't question it.

    Yes, I found only one CEO who took a pay decrease, and I stumbled onto that one. I'm sure there are more.

    The article is deceptive in that it exploits one study that appears to have examined only successful companies and then argues that CEOs are greedy.

    I'm sure you didn't see where it says business has no right to be successful. It didn't in so few words, but it says that CEO pay increases must be considered against the backdrop of government cutbacks. I'm paraphrasig from memory, but that is I believe the thesis. And it is wrong.

    I'm much more content dealing with my company and my future in it than I ever would be in any socialist economy where my labor would be undervalued and heavily taxed.
    Last edited by LuckyDan; 07-06-11 at 11:35 PM.

  8. #38
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    I can only say I would prefer to work with a boss who shares the burden. I'll go to war with that type of person. If he's in it for himself, odds are he has people working for him the same way. Just saying . . . .

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  9. #39
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by Boo Radley View Post
    I can only say I would prefer to work with a boss who shares the burden. I'll go to war with that type of person. If he's in it for himself, odds are he has people working for him the same way. Just saying . . . .
    I'll go with the guy who knows how to make us profitable. It means not only job security, but regular raises and opportunities for promotion.

  10. #40
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by LuckyDan View Post
    I'll go with the guy who knows how to make us profitable. It means not only job security, but regular raises and opportunities for promotion.
    Well, that's what it used to mean. The future has yet to be determined.

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