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To all of you defending the capping of pay...

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Posted

I think it as simple as this.....We have CEOs making milliions failling at their jobs...ie making a profit for there companies. They get bonuses when their companies lose money or finish the year in the red. I agree they should get paid but bonuses for poor perfomance is dumb.....Yet we have the military members making just above the poverty line. And they can get out and make 2-3-4 times what they are making in the civilian sector doing the same job or less......The benefits are nice but they do not add up......

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Posted

I think it as simple as this.....We have CEOs making milliions failling at their jobs...ie making a profit for there companies. They get bonuses when their companies lose money or finish the year in the red. I agree they should get paid but bonuses for poor perfomance is dumb.....Yet we have the military members making just above the poverty line. And they can get out and make 2-3-4 times what they are making in the civilian sector doing the same job or less......The benefits are nice but they do not add up......

True, the key is chosen profession.

Personally for CEO pay, IF you build a company from the ground up, say a Bill Gates or Michael Dell or whomever, you can make as you stinking want.

If you have been given the keys from another CEO, maybe 200 times the lowest paid employee. I'm iffy.

I also think you need to have an Average Joe on EVERY board of a Fortune 500 in America. There has been some awful cronyism as well as incorrect group think and usually a salt of the earth, blue collar worker has the practicality and common sense to interject when these lemmings get going.

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Posted

Agreed .....if you build a company from the first penny, then make all the bloody money you want....but if you "inherit" a company and fail....you shouldnt make millions.....

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Posted

I don't think I would ever let myself get in a situation where I was getting paid 10x what I am worth.

And if my decisions lost the company millions, I would be fired. Immediately.

:iagree:

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Posted

So for the sake of argument, lets say the current Admin does in fact go after McDonalds's CEO or others in the same industry.

What is stopping him from doing that?

Guys. Do you realize in less than a YEAR we have the govt owning GM, major stock holders in banks and they are just getting started.

You don't wait till the heat is at boiling to jump out of the pot. You jump the min you feel some heat.

A welfare state doesn't just have to be financially, it can be mental as well.

I fully understand the reasoning behind CEO pay and getting it lined up with whoever is determing what is fair. Probably a Fair Pay Czar and a Pay Czar will get with a Spreadsheet Czar and figure it out.

But I'm astonished at the blind Mr.Roboto's around here.

Rather than thinking it thru, something is quickly snuffed out or joked over or the usual other side of the aisle argument comes up.

The fact is we dont need czars or people to tell you how to run your business. Back in the day it was sink or swim. If these CEO's are running companies in the ground then let them Fail!!! I mean why reward a kid for crashing his car with a new one? The Gov should not be in the nanny or daddy business if these companies do bad then they should go Bankrupt just like every other business.

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Posted

If a company is private then it can pay whatever it wants to whomever it wants.

If a company is publically traded on a major market, savvy shareholders and the board of directors which answers to the shgareholders should take care of any obscene packages. the fact that it doesn't work either means its not broken or the shareholder process doesn't work.

Anyway I usually like the market to take care of these things. I'm curious to see hwta the result of the governemnt owning AIG, GM will be in 5 years.

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Posted

Reponsibility is soooo 1980's. Get with the program folks!

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Posted

I have to agree with Pstall that we are starting to get on a very slippery slope. I was very much an Obama supporter and I still am but I believe that government is starting to take things too far when they're telling free market businesses what they can and cannot pay it's people.

If a company and its board are stupid enough to over pay a CEO (or anyone for that matter) despite poor results/performance, then that's on them plain and simple. If it causes them to fail or faulter than so be it.

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Posted

If a company is private then it can pay whatever it wants to whomever it wants.

If a company is publically traded on a major market, savvy shareholders and the board of directors which answers to the shgareholders should take care of any obscene packages. the fact that it doesn't work either means its not broken or the shareholder process doesn't work.

Anyway I usually like the market to take care of these things. I'm curious to see hwta the result of the governemnt owning AIG, GM will be in 5 years.

But those shareholders are taking the risks at their own peril. If the company does well, they share in the wealth, if not, they lose. The government shouldn't meddle in those operations, generally speaking, though.

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Posted

I don't think I would ever let myself get in a situation where I was getting paid 10x what I am worth.

Yea right. If you were offered $10 mil to do the exact job you are doing right now....you'd turn it down?

That's just stupid.

I think people that win the lotto should turn it down or have it redistributed so everybody gets a share too. :D

I swear, the liberal way of thinking just blows my mind. You guys missing a chromosome or something?

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Posted

I have to agree with Pstall that we are starting to get on a very slippery slope. I was very much an Obama supporter and I still am but I believe that government is starting to take things too far when they're telling free market businesses what they can and cannot pay it's people.

If a company and its board are stupid enough to over pay a CEO (or anyone for that matter) despite poor results/performance, then that's on them plain and simple. If it causes them to fail or faulter than so be it.

I agree (except for the Obama part) but with the disclaimer that if the CEO tanks the company, it is NOT the responsibility of the Gubment to bail them out. Sorry, that's just how I see it...

Now I probably don't have the earning potential to drop a few million in the bank per year, but I do, to make 3-400K.....Is that too much?.

Are you guys hiring?

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Posted

So for the sake of argument, lets say the current Admin does in fact go after McDonalds's CEO or others in the same industry.

What is stopping him from doing that?

Guys. Do you realize in less than a YEAR we have the govt owning GM, major stock holders in banks and they are just getting started.

You don't wait till the heat is at boiling to jump out of the pot. You jump the min you feel some heat.

A welfare state doesn't just have to be financially, it can be mental as well.

I fully understand the reasoning behind CEO pay and getting it lined up with whoever is determing what is fair. Probably a Fair Pay Czar and a Pay Czar will get with a Spreadsheet Czar and figure it out.

But I'm astonished at the blind Mr.Roboto's around here.

Rather than thinking it thru, something is quickly snuffed out or joked over or the usual other side of the aisle argument comes up.

THANK YOU VERY MUCH

I think that it's sheer insanity for people to support us becoming more and more dependent on our government.

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