Political Forums  

Go Back   Political Forums > Economy

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #21  
Old 10-06-2011, 07:51 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Quote:
Originally Posted by whell View Post
Why should it matter to you what someone else makes....unless you're envious...
... or a stockholder in the company.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #22  
Old 10-06-2011, 07:55 PM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
The shareholders understand the concept of buying talent, and the concept of ousting a CEO when he/she fails to maximize shareholder value.
Reply With Quote
  #23  
Old 10-06-2011, 08:15 PM
Oerets's Avatar
Oerets Oerets is offline
Senior Member
 
Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,176
Quote:
Originally Posted by whell View Post
The shareholders understand the concept of buying talent, and the concept of ousting a CEO when he/she fails to maximize shareholder value.
"O" if that were true, but the majority of the voting stock in a company is held by very few people. Those few people run in the same circles so I venture to say voting a poor performer out will not happen to often. Just give them a golden parachute and move on.

Were do you think the mega millions in salary's come from anyway? Out of thin air? No out of yours and my pockets.

Now if the people who own stock were to vote only once no matter how many shares they own it might be different.




Barney
Reply With Quote
  #24  
Old 10-06-2011, 08:43 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Quote:
Originally Posted by whell View Post
The shareholders understand the concept of buying talent, and the concept of ousting a CEO when he/she fails to maximize shareholder value.
Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. Also, the differential today between CEO and worker pay is higher than ever. American corporate performance isn't commensurate with their pay (say I, a shareholder in many US companies).

Compensation isn't based upon performance, it's based on how much the executive compensation committee can squeeze out of the company for their friends and colleagues, the executives. Take a peak at this article to say how it really works:

http://www.washingtonpost.com/busine...PJL_story.html
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #25  
Old 10-06-2011, 08:52 PM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
Quote:
Originally Posted by Oerets View Post

Were do you think the mega millions in salary's come from anyway? Out of thin air? No out of yours and my pockets.

Barney
Did an evil CEO show up at your house and steal money out of your pocket?
Reply With Quote
  #26  
Old 10-06-2011, 08:54 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Quote:
Originally Posted by whell View Post
Did an evil CEO show up at your house and steal money out of your pocket?
Nope, he had his handpicked Executive Compensation Committee do the dirty work for him.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #27  
Old 10-06-2011, 08:56 PM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
Quote:
Originally Posted by finnbow View Post
Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. Also, the differential today between CEO and worker pay is higher than ever. American corporate performance isn't commensurate with their pay (say I, a shareholder in many US companies).

Compensation isn't based upon performance, it's based on how much the executive compensation committee can squeeze out of the company for their friends and colleagues, the executives. Take a peak at this article to say how it really works:

http://www.washingtonpost.com/busine...PJL_story.html
I think you're way over-generalizing from way too few specifics. It may work that way at some firms, but by far and away certainly not all.

But again, so what? What does it matter what someone makes?
Reply With Quote
  #28  
Old 10-06-2011, 08:56 PM
djv8ga djv8ga is offline
Banned
 
Join Date: Nov 2009
Location: The Open Border
Posts: 5,126
Quote:
Originally Posted by finnbow View Post
Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. ]
That bugs the Hell out of me.
I'm not a fan of unions, but these clowns always talk about how merit pay would go away with a union and how that's a bad thing.
Why is it the guys on the top get merit pay when the company is losing money?
Reply With Quote
  #29  
Old 10-06-2011, 09:05 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Quote:
Originally Posted by whell View Post
I think you're way over-generalizing from way too few specifics. It may work that way at some firms, but by far and away certainly not all.

But again, so what? What does it matter what someone makes?
From the linked article in the OP:

Shareholders at the company, one of the nation’s largest biotech firms, had lost 3 percent on their investment in 2010 and 7 percent over the past five years. The company had been forced to close or shrink plants, trimming the workforce from 20,100 to 17,400. And Sharer, a 63-year-old former Navy engineer, was already earning lots of money — about $15 million in the previous year, plus such perks as two corporate jets. The board decided to give Sharer more. It boosted his compensation to $21 million annually, a 37 percent increase, according to the company reports.

Then I post an article showing that the compensation committee were chums handpicked by this very executive. And you see nothing wrong with this? WTF??
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #30  
Old 10-06-2011, 09:09 PM
d-ray657's Avatar
d-ray657 d-ray657 is offline
Loyal Opposition
 
Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
Quote:
Originally Posted by whell View Post
Why should it matter to you what someone else makes....unless you're envious...
or an employee with stagnant wages - or worse yet, laid off. Or a consumer whose choices in products becomes limited because CEO's justify soaking the company by cutting expenses - other than executive salaries.

Regards,

D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again

Last edited by d-ray657; 10-07-2011 at 09:07 AM.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 06:09 AM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.