• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Paychecks as Big as Tajikistan

The last company I worked for was owned by three men. The company pulled in approximately $13 million in net income each year. We had 40 employees, three locations, and usually about $2 million worth of inventory on-hand. I was mid-range in terms of salary, making 35k a year (started at $10 an hour three years ago). There were weeks that I wondered whether I could afford the gas to get to work during that three-year run, but I never felt as though the owners should give up some of their millions because I was struggling. They're the ones taking the risk with the company, especially in a trick economy. Why should they not be the ones reaping the majority of the reward?

They of course were the owners of the company and as such entitled to the profits of the company either in salary paid to themselves or as cash payouts (minus government taxes of course)

Most publically owned corporations have CEO's that do not own a majority of the stock, and generally own a small percentage of the company through stock options. It is those CEO's (and comparable upper level managers) that I have an issue with on their compensation. Not so much on how much they earn in comparison to the lowest paid employee in that company, but more along of why they are earning 2-5 times what a comparable manager(CEO) earns at a similar sized company in Germany or Japan. I truelly doubt a CEO at an averagely well run company in the US deserves 3 times the compensation of a manager at a German company with similar results. The compensation of public managers and CEO's in the US has been corrupted through conflicts of interest ( compensation commitee's) and are against owner interest. Unfortunately owners are a generally diverse group ( Mutual funds, pension funds, thousands if not millions of individual investors) who do not have the power to keep corporate boards looking after their interests.
 
Nancy Pelosi's wealth increased by 62% last year. I guess she's part of the greed problem.

Isn't she wanting to raise taxes on the wealthy? If she is trying to raise taxes on herself, I don't think you can say she is part of the "greed problem".
 
Back
Top Bottom