CEO pay

[JCricket]

an observation - everyone here on the board seems to agree with this the OP on this. This a first?

[JJIII]

Originally Posted by JCricket

an observation - everyone here on the board seems to agree with this the OP on this. This a first?

Well..... this won't do at all!

[bhunter]

Originally Posted by JCricket

an observation - everyone here on the board seems to agree with this the OP on this. This a first?

I don't! What is the percent of pay for those supposedly overpaid CEOs as a ratio of the company's overall labor expenditures? Further, aren't these compensation packages under a contract? Do we now seek to undermine the sanctity of private contracts? What percentage increase would taxing these CEOs at a higher rate bring into the government? Once again nothing but an us versus them argument tugging at emotional strings.

[merrylander]

Originally Posted by bhunter

I don't! What is the percent of pay for those supposedly overpaid CEOs as a ratio of the company's overall labor expenditures? Further, aren't these compensation packages under a contract? Do we now seek to undermine the sanctity of private contracts? What percentage increase would taxing these CEOs at a higher rate bring into the government? Once again nothing but an us versus them argument tugging at emotional strings.

Well BH if you can show me a man or woman worth more than $500,000 a year it would certainly be enlightening but I honestly believe they are few and far between.

[finnbow]

The OP shows me two things. Earlier I mentioned that the tax code was broken. Beyond that, the corporate governance system (to which executive compensation belongs) is in shambles.

[piece-itpete]

Originally Posted by finnbow

I don't blame the companies or their CEO's. I blame the tax code.

:thumbsup: !

Everybody tries to minimize their tax bill, it's part of the game.

As far as rich people and us, I don't know what to do. But I'd rather live in a country that has rich people....

Pete

[merrylander]

PBS Newshour did a man on the street interview showing people three pie-charts. The top one had the ratio of rich-to middle-to poor with everyone at equal shares (Utopia). the middle one had more rich, a healthy middle class and few poor. The bottom chart showed many rich, not much of a middle class and lots of poor. When asked what society they would choose to live in the majority picked the middle chart. When the asked what countries the charts represented most were shocked to learn that the top did not exist, the bottom charet was the USA and the middle chart was


Sweden!

[finnbow]

Originally Posted by merrylander

PBS Newshour did a man on the street interview showing people three pie-charts. The top one had the ratio of rich-to middle-to poor with everyone at equal shares (Utopia). the middle one had more rich, a healthy middle class and few poor. The bottom chart showed many rich, not much of a middle class and lots of poor. When asked what society they would choose to live in the majority picked the middle chart. When the asked what countries the charts represented most were shocked to learn that the top did not exist, the bottom charet was the USA and the middle chart was


Sweden!

Yeh, but, but, but they're Godless commies and we're the shining city on the hill. Does not compute.

[piece-itpete]

It must come from eating lutefisk.



Pete

[BlueStreak]

Nothing good comes from eating Lutefisk.

Dave