Average CEO pay goes up again.

[EatSpam]

CEO pay: Sky high gets even higher
A new report shows top-dog pay bites shareholders, and alleges war profiteering among some CEOs.
August 30, 2005: 12:24 PM EDT
By Jeanne Sahadi, CNN/Money senior writer

NEW YORK (CNN/Money) ? If sky-high executive pay at publicly traded companies gives you vertigo, you might want to read this sitting down.

In 2004, the ratio of average CEO pay to the average pay of a production (i.e., non-management) worker was 431-to-1, up from 301-to-1 in 2003, according to "Executive Excess," an annual report released Tuesday by the liberal research groups United for a Fair Economy and the Institute for Policy Studies.

Good news for the rich and those who worship them. But it makes me wonder. When these guys say they must offshore and cut benefits, is it really to make their companies more competitive or are they just padding their own pockets?

But before you say, "Well, the CEO provides value to his company", the article goes on to say:

From an investment standpoint, big pay for the chief is no guarantee of a big payout for the shareholder.

Between 1991 and 2004, the stock of the previous year's most highly paid CEO underperformed the S&P 500 half the time, in some instances by a stunning amount.

The most glaring example was Computer Associates. In 1999, the company paid its CEO $655 million as part of his share of a $1.1 billion stock bonus for the company's three top officers. In 2000, the stock plummeted 72 percent, while the S&P 500 fell 10 percent.

I'm also reminded of Carli Fioni, formerly of HP. Their stock tanked, tens of thousands of jobs went overseas, and she walked away with hundreds of millions of dollars.

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[Genx87]

Complain to the boards of these companies or better yet dont buy their stock.

The owners of the company obviously arent worried about it so why are you?

 

[zendari]

Originally posted by: EatSpam
When these guys say they must offshore and cut benefits, is it really to make their companies more competitive or are they just padding their own pockets?

Both. The company becomes more competitive, saving hundreds of millions of dollars, and he/she takes a cut of it.

 

[EatSpam]

Originally posted by: Genx87
Complain to the boards of these companies or better yet dont buy their stock.

The owners of the company obviously arent worried about it so why are you?

Because their employees live in my community and when they lose their job due to this greed and idiocy, I'm affected.

I do complain to the board members, but its a big rich boys' club - you know, "I'll scratch your back if you scratch mine" - and I don't have the kind of cash to get their ear.

 

[EatSpam]

Originally posted by: zendari

Originally posted by: EatSpam
When these guys say they must offshore and cut benefits, is it really to make their companies more competitive or are they just padding their own pockets?

Both. The company becomes more competitive, saving hundreds of millions of dollars, and he/she takes a cut of it.

Sure, he deserves a cut, but not at the expense of his workers, his company, or his country.

 

[Genx87]

Originally posted by: EatSpam

Originally posted by: Genx87
Complain to the boards of these companies or better yet dont buy their stock.

The owners of the company obviously arent worried about it so why are you?

Because their employees live in my community and when they lose their job due to this greed and idiocy, I'm affected.

I do complain to the board members, but its a big rich boys' club - you know, "I'll scratch your back if you scratch mine" - and I don't have the kind of cash to get their ear.

Business's arent entitlement programs. Their sole purpose is to create wealth and profit for the owners(shareholders).

If the shareholders(owners) are fine with the CEO being compensated the way he\she is then why do you care other than to piss and moan about greed?

 

[zendari]

Originally posted by: EatSpam

Originally posted by: zendari

Originally posted by: EatSpam
When these guys say they must offshore and cut benefits, is it really to make their companies more competitive or are they just padding their own pockets?

Both. The company becomes more competitive, saving hundreds of millions of dollars, and he/she takes a cut of it.

Sure, he deserves a cut, but not at the expense of his workers, his company, or his country.

It's not at the expense of his company. The company still gets the remainder of the reduced costs due to outsourcing after he takes his cut. In fact, he only takes a very small fraction of it for himself.

 

[Moonbeam]

Them what gots gets. They buy the politicians and the laws to make these things happen.

 

[Vic]

Your 2 poll questions both contain the logical fallacy of false dilemma. My answer to both would be null.

 

[EatSpam]

Originally posted by: Vic
Your 2 poll questions both contain the logical fallacy of false dilemma. My answer to both would be null.

The first one, yes. The second one isn't. Its simple, either you worship the rich, or you don't.

 

[Vic]

Originally posted by: Moonbeam
Them what gots gets. They buy the politicians and the laws to make these things happen.

Which begs the question, who made it possible for laws and politicians to be bought? Oh, that's right, the populist reform politicians (what today we call "liberals") of 100 years ago. They gave government the power to control business, and as such gave government the power to grant favors to the highest bidders.

 

[zendari]

Originally posted by: EatSpam

Originally posted by: Vic
Your 2 poll questions both contain the logical fallacy of false dilemma. My answer to both would be null.

The first one, yes. The second one isn't. Its simple, either you worship the rich, or you don't.

Define worship.

 

[Vic]

Originally posted by: EatSpam

Originally posted by: Vic
Your 2 poll questions both contain the logical fallacy of false dilemma. My answer to both would be null.

The first one, yes. The second one isn't. Its simple, either you worship the rich, or you don't.

"You're either with us, or you're with the terrorists." -- George Bush

Exact same question, just different words. You're compounding your logical fallacies, and exposing your envy, jealousy, and hatred. Once again, my answer is "null." The fruitfulness of other people's gardens is of much less concern to me than my need to work in my own garden.

 

[GoPackGo]

who are the P&N Elitists?

 

[conjur]

Originally posted by: GoPackGo
who are the P&N Elitists?

You're not?

 

[EatSpam]

Originally posted by: zendari

Originally posted by: EatSpam

Originally posted by: Vic
Your 2 poll questions both contain the logical fallacy of false dilemma. My answer to both would be null.

The first one, yes. The second one isn't. Its simple, either you worship the rich, or you don't.

Define worship.

Same context as Christians worship Jesus or the Muslims worship Allah.

 

[EatSpam]

Originally posted by: GoPackGo
who are the P&N Elitists?

Anyone who believes that the country is doing well, as long as the rich are doing better. They also advocate elimination of social security and company provided benefits as a means of enriching the CEOs and big shareholders. They're also known to spout lines like "A rising tide raises all boats." as some sort consolation for offshored American workers. They're generally anti-worker and pro-corporation.

If these examples come close to describing your beliefs, then you are a P&N elitist.

 

[BaliBabyDoc]

OK, who believes excessive CEO pay is good? Even morons like George W. Bush wouldn't buy that . . . oh, nevermind.

Even worse, why would you worship the rich?

 

[Genx87]

Originally posted by: EatSpam

Originally posted by: GoPackGo
who are the P&N Elitists?

Anyone who believes that the country is doing well, as long as the rich are doing better. They also advocate elimination of social security and company provided benefits as a means of enriching the CEOs and big shareholders. They're also known to spout lines like "A rising tide raises all boats." as some sort consolation for offshored American workers. They're generally anti-worker and pro-corporation.

If these examples come close to describing your beliefs, then you are a P&N elitist.

Sounds like you have jealousy issues.

 

[EatSpam]

Originally posted by: Genx87

Originally posted by: EatSpam

Originally posted by: GoPackGo
who are the P&N Elitists?

Anyone who believes that the country is doing well, as long as the rich are doing better. They also advocate elimination of social security and company provided benefits as a means of enriching the CEOs and big shareholders. They're also known to spout lines like "A rising tide raises all boats." as some sort consolation for offshored American workers. They're generally anti-worker and pro-corporation.

If these examples come close to describing your beliefs, then you are a P&N elitist.

Sounds like you have jealousy issues.

Not really. I believe that all Americans, including the rich, should work to improve America for all Americans. Patriotism is more than cheering for the troops and waving flags.

 

[EatSpam]

Originally posted by: BaliBabyDoc
OK, who believes excessive CEO pay is good? Even morons like George W. Bush wouldn't buy that . . . oh, nevermind.

Even worse, why would you worship the rich?

Some of the guys here really believe that the rich are better than the rest of us, hence their attitudes...

 

[Genx87]

Originally posted by: EatSpam

Originally posted by: Genx87

Originally posted by: EatSpam

Originally posted by: GoPackGo
who are the P&N Elitists?

Anyone who believes that the country is doing well, as long as the rich are doing better. They also advocate elimination of social security and company provided benefits as a means of enriching the CEOs and big shareholders. They're also known to spout lines like "A rising tide raises all boats." as some sort consolation for offshored American workers. They're generally anti-worker and pro-corporation.

If these examples come close to describing your beliefs, then you are a P&N elitist.

Sounds like you have jealousy issues.

Not really. I believe that all Americans, including the rich, should work to improve America for all Americans. Patriotism is more than cheering for the troops and waving flags.

Sure you do.

 

[Engineer]

Originally posted by: Genx87

Originally posted by: EatSpam

Originally posted by: Genx87

Originally posted by: EatSpam

Originally posted by: GoPackGo
who are the P&N Elitists?

Anyone who believes that the country is doing well, as long as the rich are doing better. They also advocate elimination of social security and company provided benefits as a means of enriching the CEOs and big shareholders. They're also known to spout lines like "A rising tide raises all boats." as some sort consolation for offshored American workers. They're generally anti-worker and pro-corporation.

If these examples come close to describing your beliefs, then you are a P&N elitist.

Sounds like you have jealousy issues.

Not really. I believe that all Americans, including the rich, should work to improve America for all Americans. Patriotism is more than cheering for the troops and waving flags.

Sure you do.

I can tell you right now that some of us sure the hell do. I work my butt off to try to keep as many American workers employeed in the US as possible "AND" to make my company profitable and viable to stay open. CEO pay is going up at such a fast pace as the average worker in the corporation is getting a lower wage, and I'm not talking about the US worker. By offshoring, the wages of the companies are going down quickly. A better comparison would be to look at the % the CEO salary went up instead of CEO / worker pay as the average employee is making less (again, NOT US WORKER).

 

[zendari]

Originally posted by: EatSpam

Originally posted by: GoPackGo
who are the P&N Elitists?

Anyone who believes that the country is doing well, as long as the rich are doing better. They also advocate elimination of social security and company provided benefits as a means of enriching the CEOs and big shareholders. They're also known to spout lines like "A rising tide raises all boats." as some sort consolation for offshored American workers. They're generally anti-worker and pro-corporation.

If these examples come close to describing your beliefs, then you are a P&N elitist.

Lot of false nonsense here. I don't care about private company provided benefits. Companies like United who can't pay their pesions should be forced to liquidate and fold. I advocate the elimination of SS not for the CEOs and big shareholders but to emphasize people saving up for their own retirement and to prevent an undue burden from being placed on mine and my children's generation. The SS payments don't burden the rich very much.

I do not worship the rich, but I do wish to join them.

And the rich work for the benefit of Americans. They pay their taxes.

 

[GoPackGo]

Originally posted by: conjur

Originally posted by: GoPackGo
who are the P&N Elitists?

You're not?

yup...thats me mr. elite.