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Thu May 2, 2013, 08:34 AM

CEO-to-worker pay ratio up a THOUSAND percent since 1950

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From: www.davidpakman.com

5 replies, 823 views

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Reply CEO-to-worker pay ratio up a THOUSAND percent since 1950 (Original post)
celtics23 May 2013 OP
leveymg May 2013 #1
dotymed May 2013 #3
jtown1123 May 2013 #2
Quantess May 2013 #4
Lionel Mandrake May 2013 #5

Response to celtics23 (Original post)

Thu May 2, 2013, 08:42 AM

1. Much of that is due to destaffing, automation, and offshoring, as well as loss in real wages

except at the very top. US corporations of any size tend now to be multinationals, largely owned by wealthy Saudis, Swiss, and Chinese.

In other words, the US is far less sovereign and democratic than it once was and has become the plutocracy owned by economic royalists that FDR warned us about. Given that both political parties are controlled by these same corporations, it seems we've reached an impasse. Is it even possible to return to the way things were in 1950, or was that an historical aberration? Time to start over again? Would you, personally, do better in a national economy than a global one? Can you live with far fewer imports? Each person has to ask themselves that question before deciding what to do about the problem.

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Response to leveymg (Reply #1)

Thu May 2, 2013, 09:26 AM

3. +1000 THE OLIGARCHS ALWAYS WIN

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Response to celtics23 (Original post)

Thu May 2, 2013, 09:08 AM

2. Yep. Here's more info:

www.paywatch.org

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Response to celtics23 (Original post)

Thu May 2, 2013, 02:33 PM

4. Poor cat. He's fat and he can't even spend the money himself.

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Response to celtics23 (Original post)

Fri May 3, 2013, 08:14 PM

5. The USA is unique in this respect.

When the Chief Executive Officer (CEO) of a corporation is also the Chairman of the Board of Directors, as is often the case, there is an obvious conflict of interest.

European CEOs don't make anything like the salaries of their American counterparts. They look on with envy.

In the USA we have an insidious club of CEOs, Directors, and others who basically steal from ordinary employees and shareholders. A typical member of this club is the CEO of one company and serves on the boards of several other companies. Their motto is, "You scratch my back, and I'll scratch yours." With a wink and a nod, they line each others' pockets. The old-fashioned name for this club is an "interlocking directorate".

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