View Poll Results: What should be the annual cap?

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  • $100K or less

    1 1.79%
  • $200K

    1 1.79%
  • $500K

    1 1.79%
  • $1M

    4 7.14%
  • That's none of our business.

    49 87.50%
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Thread: Corporate Earnings

  1. #71
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    Boo Radley's Avatar
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    Re: Corporate Earnings

    Quote Originally Posted by AliHajiSheik View Post
    We can google for information that would objectively show that damage is being caused by this income disparity you reference. Wouldn't you have to have a hypothesis before asserting that there is damage, and then the supporting evidence evaluated before any such conclusion is made. How do I know that you didn't just skip those steps and just reached a conclusion that you believe but can't prove? Maybe your evidence is just has some correlation but not any causation?
    This isn't actually new, it has been done just like that, often. I think we even have had threads on it here. I think a lot has been written on it.

    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.

  2. #72
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    Re: Corporate Earnings

    I think a CEO should be limited to some multiple of the lowest paid person in the corporation.

    Say maximum would be 50 times the lowest paid. That would have the CEO earn about 1 million.

    With pension perqs etc., it comes out to a nice package. The problem of course is how do you get every corporation to instituted such a policy? If only some do it, the best execs will naturally go for the biggest pay packets.
    My Karma ran over your Dogma.

  3. #73
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    Re: Corporate Earnings

    Quote Originally Posted by Jonsa View Post
    I think a CEO should be limited to some multiple of the lowest paid person in the corporation.

    Say maximum would be 50 times the lowest paid. That would have the CEO earn about 1 million.

    With pension perqs etc., it comes out to a nice package. The problem of course is how do you get every corporation to instituted such a policy? If only some do it, the best execs will naturally go for the biggest pay packets.
    For companies that have shareholders, they might like that. Potentially more dollars to spread to them, that is if the company is making money.


    I voted that is none of our business what a CEO gets. Shareholders, etc should decide what the person is worth.

  4. #74
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    Re: Corporate Earnings

    Quote Originally Posted by mike2810 View Post
    For companies that have shareholders, they might like that. Potentially more dollars to spread to them, that is if the company is making money.


    I voted that is none of our business what a CEO gets. Shareholders, etc should decide what the person is worth.
    Excellent in theory but not in practice.. The big proxy holders determine it. Not the average shareholder. Ever seen "the solid gold cadillac"?
    My Karma ran over your Dogma.

  5. #75
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    Re: Corporate Earnings

    Quote Originally Posted by Jonsa View Post
    Excellent in theory but not in practice.. The big proxy holders determine it. Not the average shareholder. Ever seen "the solid gold cadillac"?
    Your example was a hypothetical / theory in setting salary at some multiple of the lowest paid.

    It is my personal belief that salaries have gotten out of hand for many positions, not just CEO's. It facinates me that CEO's, some proffesional athletes make so much more than our President. In general they can't start a war or nuke someone. The President can. Yet wages are what they are. I do not think the govt should limit what a person can make.

  6. #76
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    Re: Corporate Earnings

    Quote Originally Posted by joko104 View Post
    So what you are saying is that you are a Christian and insist upon people following your religious beliefs?
    Actually I am not a Christian - but that is beside the point

    You are the one that needs to recognise the incompatibility between Christian morals and Corporate capitalism

    I am merely highlighting the reality that one cannot be devoted to Christianity and Corporate Capitalism at the same time - they need to choose or live a life of infinite moral hypocracy - which incidentally is what the US stands for

  7. #77
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    Re: Corporate Earnings

    Quote Originally Posted by Boo Radley View Post
    This isn't actually new, it has been done just like that, often. I think we even have had threads on it here. I think a lot has been written on it.
    You have the certainty of a crusader when I see them as little more than unproven speculation driven by an agenda. Humor me and please point out one thing I can explore further about some proven damage caused by income "maldistribution" (if I'm using that word correctly).

  8. #78
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    Re: Corporate Earnings

    Quote Originally Posted by lpast View Post
    Dimond and the ceo of AIG and Freddie and Fannie..and a variety of big banks that are being and have been investigated in the last 3 yrs and just got fined....
    Ok, so at least you came up with a name we can discuss. So you think Jamie Dimon of JPMorgan should be in prison. Ok, what should he be charged with? I think it is important for people in prison to have actually been charged with something. I can find that JP MOrgan Chase settled for $722 a case involving Jefferson County, Alabama for influencing the county commissioners. Failing to comply with UK client money rules and for violating the Servicemembers Civil Relief Act. I can only assume that they did these things since they actually admitted to doing them. Are these the actions which you feel justify prison for Dimon? Or does just accepting TARP money justification enough?

  9. #79
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    Re: Corporate Earnings

    The top 400 income earners in the USA take home about 300 million dollars per year EACH and pay about 18% tax on that income

    Now lets see - what crucial role can one person perform that requires them to be paid about $144,000 per hour?

    (minimum wage in the USA is about $7 dollars per hour - earnt by these greedy US workers)

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    Re: Corporate Earnings

    As much as they want as long as I get an under the table cut.

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