CEO Pay Up 23%

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Wabash
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CEO Pay Up 23%

Post by Wabash » Tue Jul 05, 2011 11:41 am

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While US unemployment remains at near-Depression levels and health care, pensions and education are being slashed by all levels of the government, the pay of corporate CEOs is soaring.

The compensation of the 200 highest-paid chief executives at large corporations increased by 23 percent in 2010 over the previous year, according to a report in Sunday’s New York Times.

Median pay for these individuals was $10.8 million, equivalent to the median pay of nearly 280 US workers.
Maybe one of the conservatives on this board can tell us when there will be a positive impact on unemployment since this is the group of so-called job creators that shouldn't be affected by higher marginal tax rates.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

Heywould
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Re: CEO Pay Up 23%

Post by Heywould » Tue Jul 05, 2011 1:41 pm

Wabash wrote:Link



Maybe one of the conservatives on this board can tell us when there will be a positive impact on unemployment since this is the group of so-called job creators that shouldn't be affected by higher marginal tax rates.
A CEO's job is to create profit not have an "impact on unemployment". Stocks were up in 2010 and since about 90% of CEO compensation comes from stock and stock options even you should understand why their compensation was up.
If I Had a Dollar for Every Time Capitalism was Blamed for Problems Caused by Government I'd Be a Fat Filmmaker with a Baseball Cap

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Parrotpaul
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Re: CEO Pay Up 23%

Post by Parrotpaul » Tue Jul 05, 2011 1:48 pm

Heywould wrote:
A CEO's job is to create profit not have an "impact on unemployment". Stocks were up in 2010 and since about 90% of CEO compensation comes from stock and stock options even you should understand why their compensation was up.
I'll bet none of their compensation took nose dives from 2007 until now. They are back even with three years ago....is that growth or breathing air again? Without impact on a company's hiring and firing no CEO can expect to maximize profits...even you should understand that.
"I think I may say that of all the men we meet with, nine parts of ten are what they are, good or evil, useful or not, by their education." John Locke

Heywould
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Re: CEO Pay Up 23%

Post by Heywould » Tue Jul 05, 2011 1:54 pm

Paul wrote: I'll bet none of their compensation took nose dives from 2007 until now. They are back even with three years ago....is that growth or breathing air again? Without impact on a company's hiring and firing no CEO can expect to maximize profits...even you should understand that.
I can only shake my head in disbelief every time you post something ridiculous like this. Follow the conversation, I was pointing out that a CEO's job doesn't have him/her worrying about unemployment, which has nothing to do with hiring and firing in his/her company. And I don't expect you to understand this.
If I Had a Dollar for Every Time Capitalism was Blamed for Problems Caused by Government I'd Be a Fat Filmmaker with a Baseball Cap

LanceSterling
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Re: CEO Pay Up 23%

Post by LanceSterling » Tue Jul 05, 2011 2:11 pm

Wabash wrote:Link



Maybe one of the conservatives on this board can tell us when there will be a positive impact on unemployment since this is the group of so-called job creators that shouldn't be affected by higher marginal tax rates.
Government salaries and benefits are up more then that - look at the 434 WH employees alone...

How come your not upset about how much taxes are taken from you for these hacks that have don't little if anything for you.

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Re: CEO Pay Up 23%

Post by THe Nug » Tue Jul 05, 2011 2:17 pm

LanceSterling wrote:
Government salaries and benefits are up more then that - look at the 434 WH employees alone...

How come your not upset about how much taxes are taken from you for these hacks that have don't little if anything for you.
Can you please translate the last sentence into English?

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Parrotpaul
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Re: CEO Pay Up 23%

Post by Parrotpaul » Tue Jul 05, 2011 2:26 pm

THe Nug wrote:
Can you please translate the last sentence into English?
Allow me...he is stating Obama has one helluva wait staff in the White House....,.all hacks...no quality domestics. They're hard to come by these days, and we taxpayers have to pay the freight for second rate-domestic help. Wall Street money has the good ones.
"I think I may say that of all the men we meet with, nine parts of ten are what they are, good or evil, useful or not, by their education." John Locke

Red
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Re: CEO Pay Up 23%

Post by Red » Tue Jul 05, 2011 2:51 pm

LanceSterling wrote:
Government salaries and benefits are up more then that - look at the 434 WH employees alone...

How come your not upset about how much taxes are taken from you for these hacks that have don't little if anything for you.
I know what you are tying to say and I agree.

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Re: CEO Pay Up 23%

Post by Red » Tue Jul 05, 2011 2:52 pm

Wabash wrote:Link



Maybe one of the conservatives on this board can tell us when there will be a positive impact on unemployment since this is the group of so-called job creators that shouldn't be affected by higher marginal tax rates.
Maybe a liberal can explain to me why "some" public servants make 6 figures laying around most of the time.

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Wabash
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Re: CEO Pay Up 23%

Post by Wabash » Tue Jul 05, 2011 2:58 pm

None of the conservatives answered the question.

With executive pay skyrocketing, when can we see a decrease in unemployment?

We're told that taxing this group the same as Reagan will hurt the economy since this group will then spend less and hence no jobs will be created by their consumption.

I never stated CEO's should be hiring as a result of professional obligations.
Last edited by Wabash on Tue Jul 05, 2011 3:04 pm, edited 1 time in total.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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Re: CEO Pay Up 23%

Post by Red » Tue Jul 05, 2011 3:02 pm

None of the liberals can answer why "some" public servants make over 6 figures doing nothing. Oh well. Typical jimmy carter socialism.

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Re: CEO Pay Up 23%

Post by Wabash » Tue Jul 05, 2011 3:04 pm

Red wrote:None of the liberals can answer why "some" public servants make over 6 figures doing nothing. Oh well. Typical jimmy carter socialism.
Stay on topic Red. Feel free to start a separate thread if you're truly interested.

When you piss and moan at public servants earning six figures. Does that include folks like generals and admirals?

Clearly you have no appreciation for those who serve our country.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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Re: CEO Pay Up 23%

Post by Red » Tue Jul 05, 2011 3:10 pm

Wabash wrote: Stay on topic Red. Feel free to start a separate thread if you're truly interested.

When you piss and moan at public servants earning six figures. Does that include folks like generals and admirals?

Clearly you have no appreciation for those who serve our country.
Clearly you have no idea what you are talking about. More tripe.
Last edited by Red on Tue Jul 05, 2011 5:22 pm, edited 1 time in total.

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Wabash
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Re: CEO Pay Up 23%

Post by Wabash » Tue Jul 05, 2011 3:43 pm

Red wrote: Cleary you have no idea what you are talking about. More tripe.
So you're saying that admirals and generals don't make six digits? Or that they aren't public servants?

Which part of that is tripe?
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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Re: CEO Pay Up 23%

Post by afan95 » Tue Jul 05, 2011 7:40 pm

Wabash wrote:Link



Maybe one of the conservatives on this board can tell us when there will be a positive impact on unemployment since this is the group of so-called job creators that shouldn't be affected by higher marginal tax rates.
If the higher maginal tax rates were only going to affect these 200 individuals and those in this stratosphese like an actor or Tiger Woods for example, I don't think you would hear anyone crying about this. The money that these individuals spend w/o taxation isn't going to decrease unemployment given that they're likely spending this money on luxury items like jewelry, designer clothes, vacations, etc. that probably comes from somewhere other than the US.
Heck, they may even be gambling it all away like Tobey Maguire!!!

It's the people who fall in the $200K to $500K income that are concerned about the taxation issues. They're the ones that have the large mortgages (yes plural for vacation home), maybe are 2 income so they have "helpers" for the kids, shop at So. Coast Plaza regularly, dine out frequently, you get the picture. They have a lifestyle that does support several people if you really think about it and if you cut into their income, they will cut back and many already have in this economy. They don't go out as much, they've held off on purchases for the homes and the family, maybe even cut back on the "helpers". Instead of 2 vacations this year, it's only one. Since all of their friends are pretty much in the same boat, they don't even feel out of place, and think it's kind of cool not to consume so much.

You may be saying "cry me a river", but when you're used to living that lifestyle, it is a change.
If they've worked hard to get there, of course, they'll resent it. Even if you're used to living on $50K/year and have to go down to $40K for whatever reason, you'll notice the difference.
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Re: CEO Pay Up 23%

Post by Red » Tue Jul 05, 2011 7:47 pm

Wabash wrote: So you're saying that admirals and generals don't make six digits? Or that they aren't public servants?

Which part of that is tripe?
I wasn't speaking military. Everything you say is tripe. You do nothing but start trouble. You aren't even worth responding to.

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Re: CEO Pay Up 23%

Post by blacklib » Tue Jul 05, 2011 8:12 pm

afan95 wrote: If the higher maginal tax rates were only going to affect these 200 individuals and those in this stratosphese like an actor or Tiger Woods for example, I don't think you would hear anyone crying about this. The money that these individuals spend w/o taxation isn't going to decrease unemployment given that they're likely spending this money on luxury items like jewelry, designer clothes, vacations, etc. that probably comes from somewhere other than the US.
Heck, they may even be gambling it all away like Tobey Maguire!!!

It's the people who fall in the $200K to $500K income that are concerned about the taxation issues. They're the ones that have the large mortgages (yes plural for vacation home), maybe are 2 income so they have "helpers" for the kids, shop at So. Coast Plaza regularly, dine out frequently, you get the picture. They have a lifestyle that does support several people if you really think about it and if you cut into their income, they will cut back and many already have in this economy. They don't go out as much, they've held off on purchases for the homes and the family, maybe even cut back on the "helpers". Instead of 2 vacations this year, it's only one. Since all of their friends are pretty much in the same boat, they don't even feel out of place, and think it's kind of cool not to consume so much.

You may be saying "cry me a river", but when you're used to living that lifestyle, it is a change.
If they've worked hard to get there, of course, they'll resent it. Even if you're used to living on $50K/year and have to go down to $40K for whatever reason, you'll notice the difference.
Every tax increase is going hurt to some degree. The difference is the social impact raising 5% on the wealthy or 5% on the tuition at a CSU or UC. Its best to increase the taxes at the top and keep social services. Its far to spread the pain around. Do you believe that a tax increase will at the top will remove people from the lifestyle you described? Keeping up with the Joneses.

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Re: CEO Pay Up 23%

Post by Wabash » Tue Jul 05, 2011 8:33 pm

Red wrote: I wasn't speaking military. Everything you say is tripe. You do nothing but start trouble. You aren't even worth responding to.
You referred to public servants earning six digits. I cited an example. You responded with a personal attack.

You have yet to put forth a rebuttal to my claim.

Which is customary for you.

You state that I'm not worth a response. Yet you did.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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fnuts
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Re: CEO Pay Up 23%

Post by fnuts » Tue Jul 05, 2011 9:33 pm

None of the conservatives answered the question.
With executive pay skyrocketing, when can we see a decrease in unemployment?

I'll try and shed some light on it. Companies are doing much more with less. For your entertainment, examine a function of economics called "productivity." It is at an all-time high in the United States. Both empirical, statistical, and anecdotal reasons are as follows:

1. It is becoming much more "de rigueur" to hire staff as "contractors"; in doing so the employer avoids paying benefits. Benefits are overhead and cut into profit. They are a bad thing.

2. Many employees (primarily in the private sector) have seen their pay reduced. Salaries are overhead and cut into profits. They are a troublesome but necessary evil for large corporations. Here comes the anecdotal part...I personally have watched 2 executives of a large entertainment company discuss how they notice that their employees are "Hello Kitty rocks! their pants" at the fear that they will be laid-off any day, and get a great deal of enjoyment watching them squirm. One said, "it's a great time to run a company, as your employees will do anything to keep their jobs." Employees at this company have seen 15% pay reductions over the last 3 years. The aforementioned 2 men have received 30% salary increases, and very large bonuses. 3 years straight.

2a: Many workers are being asked or "encouraged" to work beyond 8 hours without contractually agreed overtime pay. Case in point: numerous unpaid overtime judgements against Walmart. Google is your helper here. This happens daily at my office, and if you are young enough to know somebody who is in today's workforce, (not executive level) I'll bet you you'll find someone close by that has experienced this annoying little problem as well. It isn't as uncommon as many of you might believe it is. Yes, I understand..."just go get a job where they pay you what you deserve..." Any recommendations? It's very very tough out there. IF you're looking for work!

3. Last but not least: The unprecedented growth in the top 1% of the wealthy. For those who enjoy numbers and data, Google that one as a bonus. This statistic is nothing short of obscene.

4. As to Wabash's OP "...With executive pay skyrocketing, when can we see a decrease in unemployment?" I can't answer or tie that in directly, but if you do a little looking around I'll bet you can correlate some of this to connect to that comment just a little teeny bit.

So...in closing, it's a world out of balance when (mostly private sector) workers are getting constant salary cuts and benefit reductions while they watch the average worker to CEO pay ratio gain by double-digits every year.

Not a tough concept to grasp.

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Wiley
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Re: CEO Pay Up 23%

Post by Wiley » Tue Jul 05, 2011 9:58 pm

Go back through history and I suspect you'll discover that executive compensation has always been much higher than the workers in the plant. Whatever happened to the American dream. Go to college or end up on the assembly line. Union assemply line workers are making more than college educated middle managers and up. Spread the wealth, harump. Get the education or eat porrage.
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