Disagree. Quality CEOs are in short supply. They must be paid more or companies can't survive.
Agree. Times are tough. CEOs should take pay cuts to help their companies be more profitable.
Of course companies want to reduce overhead and yes if they can produce the same product with less expense. Doing so is just good business. I don't agree that most corporations are eager to dump their people onto the unemployment rolls to save a penny on the dollar, tho.
"Firing them and starting over" is a very expensive and difficult proposition, as is closing down and moving elsewhere. And there's no guarantee of a better result.
Last edited by LuckyDan; 07-06-11 at 11:17 PM.
The study looks at the 200 highest paid CEO's and their salaries seem to be raised by 23% by 2009! That is ridiculous. Sure some CEO's pay have not been increasing but im still they are doing just dandy.Yes, I found only one CEO who took a pay decrease, and I stumbled onto that one. I'm sure there are more.
How are CEO's not greedy?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.
Really does not go that direction, its just saying these guys are making a whopping while we give them a tax cut, and say hey not enough jobs here, were gonna cut back on these workers why we give ourselves a nice little increase in wages but we still cant hire you workers.
Im sure i didnt cuz it never said that.I'm sure you didn't see where it says business has no right to be successful.
Really not what it said.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.
Here is the whole "idea" of the article from the article itself:
"These numerical indices of unrestrained self-enrichment by the corporate-financial elite provide the appropriate context for considering the unprecedented wave of budget-cutting taking place across the country. Record budget deficits—the result of depleted tax revenues stemming from the economic crash precipitated by corporate fraud, plus the multi-trillion-dollar bailout of the banks—are being used to justify the gutting of health care, pensions and education as well as pay cuts and attacks on workers’ bargaining rights and the right to strike.
The universal claim is that “there is no money” to meet the basic needs of the broad masses of the people. As the CEO pay figures show, however, this is a modern-day example of the Big Lie."
So as a worker under a socialist economy you believe you will be "heavily taxed"?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.
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Of course the CEOs are getting pay raises. Unemployment is up and wages are down.
“In politics, stupidity is not a handicap.” -Napoleon