CEOs with greatest outsourcing get biggest salary

[1EZduzit]

Average CEO compensation at the 50 companies outsourcing the most service jobs rose by 46% in 2003 from a year earlier, compared with a 9% increase for CEOs at 365 big companies overall, the study by the left-leaning Institute for Policy Studies and United for a Fair Economy found.

The study also found that CEOs of the 70 companies that helped finance this summer?s Democratic and Republican National Conventions had an average pay increase of 49% in 2003, compared with a 9% average rise for CEOs overall. ? AP

http://biz.thestar.com.my/news/story.as...2004/9/2/business/8797654&sec=business

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Basically the same article here:

The average CEO compensation at the 50 firms outsourcing the most service jobs increased by 46% in 2003. That increase compares to an average hike of 9% for CEOs at 365 of the largest U.S. companies, according to a report by the Institute for Policy Studies, a non-profit that focuses on progressive research, and United for a Fair Economy, best known for its opposition to the repeal of the federal estate tax.

http://www.forbes.com/work/management/2004/08/31/cx_da_0831topnews.html


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And in an interesting side note from another webpage:

2. Our executive payroll is set up as a separate pay run from the rest of the organisation. It's pretty easy to manage. Why should we consider outsourcing it?

In a business climate where unions are justifying wage rises for their members by pointing to real or perceived increases in executive salaries, many companies are moving towards shifting the whole management of executive salaries out of their own companies and into the hands of professional specialist organisations such as freespirit. That way, no one in your organisation has access to information about executive salaries.

http://payroll.freespirit.com.au/faqs.asp

Isn't it convienent that what's good for the country is so good for them also? Better hide the salary raise so nobody finds out, LOL.

 

[razor2025]

Wow... talk about how rigged it is.

 

[Amplifier]

So CEO's who run their company properly get more money. No way .

 

[1EZduzit]

Originally posted by: Amplifier
So CEO's who run their company properly get more money. No way .

I doubt if they own the company, they just run them. I think there publicaly traded companies. From the Forbes article:

The study says that CEOs of the top outsourcing companies earned an average of $10.4 million in 2003, 28% more than the average CEO compensation of $8.1 million. These companies tended to be banks with call centers--such as Citigroup (nyse: C - news - people ), Bank of America (nyse: BAC - news - people ) and Morgan Stanley (nyse: MWD - news - people )--or technology companies with research facilities or call centers outside the U.S.--such as Oracle (nasdaq: ORCL - news - people ), Cognizant Technology Solutions and Intuit (nasdaq: INTU - news - people ).

The way things work between CEO's and BOD's, i wonder just how far down the ladder this reaches??

 

[RabidMongoose]

I suppose they would get a bigger salary if the outsourcing leads to better profits.

 

[Amplifier]

In post script. How can anyone feel sorry for the employees being laid off?

They are the ones who decided to put their life on cruise control and not contribute to society. People who constantly upgrade their skills are safe .

 

[1EZduzit]

Originally posted by: RabidMongoose
I suppose they would get a bigger salary if the outsourcing leads to better profits.

50% raise increases for selling out America. Yeah, they deserve it alright. The rest of the CEO's only averaged a 9% increase for the same time period. Almost triple what the average american got.

 

[1EZduzit]

Originally posted by: Amplifier
In post script. How can anyone feel sorry for the employees being laid off?

They are the ones who decided to put their life on cruise control and not contribute to society. People who constantly upgrade their skills are safe .

I wouldn't know, I'm a lowly farmer. People gotta eat, so all I have to do is stay abreast of the latest developments, technoligies, estimate what direction the grain markets are heading and hedge accordingly, and preform my work in a timely, professional manner.

 

[Amplifier]

Originally posted by: 1EZduzit

Originally posted by: Amplifier
In post script. How can anyone feel sorry for the employees being laid off?

They are the ones who decided to put their life on cruise control and not contribute to society. People who constantly upgrade their skills are safe .

I wouldn't know, I'm a lowly farmer. People gotta eat, so all I have to do is stay abreast of the latest developments, technoligies, estimate what direction the grain markets are heading and hedge accordingly, and preform my work in a timely, professional manner.

Farmers aren't lowly dude. It's a business like everything else. Someday you'll sell your farm to a developer and be sitting pretty

 

[1EZduzit]

Originally posted by: Amplifier

Originally posted by: 1EZduzit

Originally posted by: Amplifier
In post script. How can anyone feel sorry for the employees being laid off?

They are the ones who decided to put their life on cruise control and not contribute to society. People who constantly upgrade their skills are safe .

I wouldn't know, I'm a lowly farmer. People gotta eat, so all I have to do is stay abreast of the latest developments, technoligies, estimate what direction the grain markets are heading and hedge accordingly, and preform my work in a timely, professional manner.

Farmers aren't lowly dude. It's a business like everything else. Someday you'll sell your farm to a developer and be sitting pretty

Out in the boonies where I farm that ain't ever going to happen. I do have some other avenues for making extra money that i've been persuing...pay pheasnt hunting for one. No mater what happens, I'm going to do alright on it if I can mange to hang onto it.

 

[cKGunslinger]

Originally posted by: 1EZduzit

Originally posted by: RabidMongoose
I suppose they would get a bigger salary if the outsourcing leads to better profits.

50% raise increases for selling out America. Yeah, they deserve it alright. The rest of the CEO's only averaged a 9% increase for the same time period. Almost triple what the average american got.

How are they 'selling out' America?

 

[zendari]

You obviously don't get it, 1EZ.

Outsourcing = cutting costs = saving money = higher income = greater compensation for the CEO.

 

[Infohawk]

I think there's a lot of 'static' with CEO compensation, but basically this is the market rewarding efficient businesses. It's not surprising.

For the record, I think the government should cushion the transition to free trade, but I'm not sure being upset about greater CEO compensation is the appropiate answer.

 

[1EZduzit]

Originally posted by: cKGunslinger

Originally posted by: 1EZduzit

Originally posted by: RabidMongoose
I suppose they would get a bigger salary if the outsourcing leads to better profits.

50% raise increases for selling out America. Yeah, they deserve it alright. The rest of the CEO's only averaged a 9% increase for the same time period. Almost triple what the average american got.

How are they 'selling out' America?

How long will it be before the rest of the world catches up to us and pays an equitable wage to their employees so Americans can compete on a level playing field? It took 30 years for Japan. Another 30 for Mexico and then another 30 for China? That's not even mentioning the fact that the corporations will be playing one labor market against the other to keep wages down. They are already moving jobs from Mexico to China because they $2/hr they make is too much compared to the .20/hr they make in China.
When China gets too high, they'll move them back to Mexico or someplace else. I won't live long enough for this sceanario to play out and I seriously doubt that most of you will either.

Ask yourself, how does Japan manage to keep and increase their standard of living? Why aren't we able to do that? Is our management too stupid to figure it our, or is it just to easy to outsource to low wage areas of the world and get 50% pay raises at the same time.

Edit: It sure is a nice touch to outsource executive payrolls to keep people from finding out what the bigwigs are makeing. They are obviously trying to hide something.

 

[cKGunslinger]

Originally posted by: 1EZduzit

Originally posted by: cKGunslinger

Originally posted by: 1EZduzit

Originally posted by: RabidMongoose
I suppose they would get a bigger salary if the outsourcing leads to better profits.

50% raise increases for selling out America. Yeah, they deserve it alright. The rest of the CEO's only averaged a 9% increase for the same time period. Almost triple what the average american got.

How are they 'selling out' America?

How long will it be before the rest of the world catches up to us and pays an equitable wage to their employees so Americans can compete on a level playing field? It took 30 years for Japan. Another 30 for Mexico and then another 30 for China? That's not even mentioning the fact that the corporations will be playing one labor market against the other to keep wages down. They are already moving jobs from Mexico to China because they $2/hr they make is too much compared to the .20/hr they make in China.
When China gets too high, they'll move them back to Mexico or someplace else. I won't live long enough for this sceanario to play out and I seriously doubt that most of you will either.

Ask yourself, how does Japan manage to keep and increase their standard of living? Why aren't we able to do that? Is our management too stupid to figure it our, or is it just to easy to outsource to low wage areas of the world and get 50% pay raises at the same time.

How are they 'selling out' America?

 

[RabidMongoose]

Originally posted by: 1EZduzit

Originally posted by: RabidMongoose
I suppose they would get a bigger salary if the outsourcing leads to better profits.

50% raise increases for selling out America. Yeah, they deserve it alright. The rest of the CEO's only averaged a 9% increase for the same time period. Almost triple what the average american got.

I don't think it's really 'selling out America'. How is it like that?

 

[RabidMongoose]

Originally posted by: 1EZduzit
Ask yourself, how does Japan manage to keep and increase their standard of living? Why aren't we able to do that? Is our management too stupid to figure it our, or is it just to easy to outsource to low wage areas of the world and get 50% pay raises at the same time.

The US has an excellent standard of living. It may even be better than Japan's.

 

[1EZduzit]

Originally posted by: cKGunslinger

Originally posted by: 1EZduzit

Originally posted by: cKGunslinger

Originally posted by: 1EZduzit

Originally posted by: RabidMongoose
I suppose they would get a bigger salary if the outsourcing leads to better profits.

50% raise increases for selling out America. Yeah, they deserve it alright. The rest of the CEO's only averaged a 9% increase for the same time period. Almost triple what the average american got.

How are they 'selling out' America?

How long will it be before the rest of the world catches up to us and pays an equitable wage to their employees so Americans can compete on a level playing field? It took 30 years for Japan. Another 30 for Mexico and then another 30 for China? That's not even mentioning the fact that the corporations will be playing one labor market against the other to keep wages down. They are already moving jobs from Mexico to China because they $2/hr they make is too much compared to the .20/hr they make in China.
When China gets too high, they'll move them back to Mexico or someplace else. I won't live long enough for this sceanario to play out and I seriously doubt that most of you will either.

Ask yourself, how does Japan manage to keep and increase their standard of living? Why aren't we able to do that? Is our management too stupid to figure it our, or is it just to easy to outsource to low wage areas of the world and get 50% pay raises at the same time.

How are they 'selling out' America?

I answered, how it is you think there not?

 

[cKGunslinger]

Originally posted by: 1EZduzit

Originally posted by: cKGunslinger

How are they 'selling out' America?

I answered, how it is you think there not?

Umm.. ok. I'm not getting what you are talking about.

How about this: Please define "selling out."

 

[1EZduzit]

Originally posted by: RabidMongoose

Originally posted by: 1EZduzit
Ask yourself, how does Japan manage to keep and increase their standard of living? Why aren't we able to do that? Is our management too stupid to figure it our, or is it just to easy to outsource to low wage areas of the world and get 50% pay raises at the same time.

The US has an excellent standard of living. It may even be better than Japan's.

But it's going down and outsourcing isn't going to help the situation for a very long time. I would have favored letting the dollar drop while doing some outsoucing along with it, but with the high cost of energy I don't think letting the dollar drop further ia a viable option any more.

Brining in products made with cheap labor helps to some degree, but it hurts at the same time. I think the CEO's and poiticains ae selling us out by not encouraging investment here in the US.

Japan used as an economic model and improved on us, I think it's time we started using them as an economic model and doing the same thing. A long time ago, early 80's?? I think I recall a statistic about Japan having 9 times the technicians we did and we coincedtially had 9 times the lawyers they do (per capita). Why, because we pay lawyers more, but do we actually need 9 times per capita more lawyers? I don't think. How is it Japan can get by with so many fewer laywers? That is where our beuacracy starts and it just grows from their. it's not a political party thing either. It's the rich vs the poor.

 

[1EZduzit]

Originally posted by: cKGunslinger

Originally posted by: 1EZduzit

Originally posted by: cKGunslinger

How are they 'selling out' America?

I answered, how it is you think there not?

Umm.. ok. I'm not getting what you are talking about.

How about this: Please define "selling out."

I think it is too easy for them to just outsource jobs as compared to looking for ways to increase output, manage better, etc. Especially considering they are making big money (personally) from outsourcing. For example, automation has it's drawbacks as far as the number of jobs in the US, but it's a better idea the outsorcing.

Edit: If these CEO's were coming up with ways to keep jobs in the USA, then i would have no problem with there huge pay increases, I do have a problem rewarding them for sending jobs overseas though.

 

[RabidMongoose]

Originally posted by: 1EZduzit
But it's going down and outsourcing isn't going to help the situation for a very long time. I would have favored letting the dollar drop while doing some outsoucing along with it, but with the high cost of energy I don't think letting the dollar drop further ia a viable option any more.

Brining in products made with cheap labor helps to some degree, but it hurts at the same time. I think the CEO's and poiticains ae selling us out by not encouraging investment here in the US.

Japan used as an economic model and improved on us, I think it's time we started using them as an economic model and doing the same thing. A long time ago, early 80's?? I think I recall a statistic about Japan having 9 times the technicians we did and we coincedtially had 9 times the lawyers they do (per capita). Why, because we pay lawyers more, but do we actually need 9 times per capita more lawyers? I don't think. How is it Japan can get by with so many fewer laywers? That is where our beuacracy starts and it just grows from their. it's not a political party thing either. It's the rich vs the poor.

So are you saying that Japanese companies don't outsource?

How is the Japanese economy doing now anyways?

 

[1EZduzit]

Originally posted by: RabidMongoose

Originally posted by: 1EZduzit
But it's going down and outsourcing isn't going to help the situation for a very long time. I would have favored letting the dollar drop while doing some outsoucing along with it, but with the high cost of energy I don't think letting the dollar drop further ia a viable option any more.

Brining in products made with cheap labor helps to some degree, but it hurts at the same time. I think the CEO's and poiticains ae selling us out by not encouraging investment here in the US.

Japan used as an economic model and improved on us, I think it's time we started using them as an economic model and doing the same thing. A long time ago, early 80's?? I think I recall a statistic about Japan having 9 times the technicians we did and we coincedtially had 9 times the lawyers they do (per capita). Why, because we pay lawyers more, but do we actually need 9 times per capita more lawyers? I don't think. How is it Japan can get by with so many fewer laywers? That is where our beuacracy starts and it just grows from their. it's not a political party thing either. It's the rich vs the poor.

So are you saying that Japanese companies don't outsource?

How is the Japanese economy doing now anyways?

I know they outsource, they're building factories in the US. Why? Because they have better engineers and we have better lawyers.
Japanese Unemployment Rate (FEB)

4.5 % unemployment and they are outsourcing good jobs. Nice.

 

[dmcowen674]

Originally posted by: 1EZduzit
Topic Title: CEOs with greatest outsourcing get biggest salary.

Disgusting Anti-American bastages, every one of them Democrat and Republican alike.

 

[Philippine Mango]

CEOs and politicians work together a little bit "too much". They tend to be sniveling little bastards who only care about their pay/helping their campaign. I mean look at the DMCA, that would likely have never been enacted if we didn't have companies like the movie industry on the politican's backs saying 'If you don't do this, we won't help your campaign" behind closed doors. It's all a scam, americans are doing things all for them selves and not the "greater good" like japan.