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. #51
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by evanescence View Post
    Of course the CEOs are getting pay raises. Unemployment is up and wages are down.
    When all else fails, toss in Blizzard's famed quote. "Working as intended."

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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.
    If we're having hard times, and he's not willing to burden some of the load, he isn't that guy who'll make anyone more profitable. The auto industry for example has paid highly for CEO's who have not been profitable.

    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.

  3. #53
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    And interestingly, CEOs still get big fat bonuses regardless of poor performance. If profits decline, lay off the laborers. It's age old greed.
    “In politics, stupidity is not a handicap.” -Napoleon

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

    Quote Originally Posted by evanescence View Post
    And interestingly, CEOs still get big fat bonuses regardless of poor performance. If profits decline, lay off the laborers. It's age old greed.
    That is despicable no doubt. But, these CEO's negotiate contracts that the board approves, and the stock holders approve the board. The greed you identify is age old and very real... what CEO's should be doing is bypass their contract and take the lumps of their company like everyone else does. That a majority do not, is opportunistic as well as despicable.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d 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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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by Ockham View Post
    That is despicable no doubt. But, these CEO's negotiate contracts that the board approves, and the stock holders approve the board. The greed you identify is age old and very real... what CEO's should be doing is bypass their contract and take the lumps of their company like everyone else does. That a majority do not, is opportunistic as well as despicable.
    Board of directors elected, no not really. Have you ever voted for a board of directors? What real options did you have? Most members of a board sit on several other boards, I heard once that the number was 5. And, if you have a 401k or a mutual fund did you ever get to vote? The feds have tried to make the board’s power more real with new regulations, but corporate lobbying has prevented this from being effective. The board is a rubber stamp.

  6. #56
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    I'm less angry about CEO salaries and more angry about their stock options.

    Personally, I think unions and minimum wage should be abolished -- instead, a universal standard should be established (through law, if necessary) where all worker's salary and/or stock options get a mandatory increase or decrease according to a company's profit margins.
    Last edited by Morality Games; 07-08-11 at 03:29 PM.
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    This article is referring to only a very small group: 200 individuals.

    I'm not about to crap my pants over the income of 200 people based on what someone else deems as 'fair'
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by Aunt Spiker View Post
    This article is referring to only a very small group: 200 individuals.

    I'm not about to crap my pants over the income of 200 people based on what someone else deems as 'fair'
    At some point fairness has to be a factor.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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  9. #59
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by Aunt Spiker View Post
    This article is referring to only a very small group: 200 individuals.

    I'm not about to crap my pants over the income of 200 people based on what someone else deems as 'fair'
    Surely you realize that this represents a larger issue.
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    Re: With workers cutting back, wealthy CEOs should cut back too. Agree/disagree

    Quote Originally Posted by OhIsee.Then View Post
    Board of directors elected, no not really. Have you ever voted for a board of directors? What real options did you have? Most members of a board sit on several other boards, I heard once that the number was 5. And, if you have a 401k or a mutual fund did you ever get to vote? The feds have tried to make the board’s power more real with new regulations, but corporate lobbying has prevented this from being effective. The board is a rubber stamp.
    I've voted for the board of directors a few times with the holdings I have. The options you have are usually set, and to your point there's not much of a choice, but that's just how things are.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d 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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