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PD Turk

(1,289 posts)
9. IMO what needs to happen
Tue Nov 20, 2012, 04:32 PM
Nov 2012

IMO what needs to happen is to remove the ability for them to get paid ungodly amounts of money for failure. I'm not a legal scholar so I don't know if/how to make it work exactly but the 800lb gorilla in the room is the fact that they can negotiate themselves contracts that obligate the company to pay them enormous sums no matter how dismal their performance. If find such behavior from a class of people who love to preach about things like incentive, motivation and personal responsibility ridiculously hypocritical. Their excessive irresponsible behavior has brought this country to the brink of ruin.

Yank their golden parachutes, if they want to justify the big money with the old canard "we are the risk takers" , then let's see them actually take some big personal risks to get the dough. As it is, the only thing they ever risk is somebody else's money and well being.

I agree. Not to mention, today's CEO's do a piss-poor job BlueCaliDem Nov 2012 #1
Actually, CEOs make about 23,100% what their average employees make. EOTE Nov 2012 #11
Actually, according to CNN Money, from info derived from AFL-CIO, it's 380x, to be precise. BlueCaliDem Nov 2012 #21
That's not rounding off, that's off by many magnitudes of order. EOTE Nov 2012 #24
That's still FAR more accurate than your "231x". And the 400x number is BlueCaliDem Nov 2012 #25
No, it's not at all. This is fairly basic math. EOTE Nov 2012 #27
Tax bonuses 90% LiberalEsto Nov 2012 #2
I think we can find other CEOs... HooptieWagon Nov 2012 #3
Look around . . . their pilfering at nearly a 500:1 ratio is ONLY a problem in America. HughBeaumont Nov 2012 #5
Wow, I never knew there was such a disparity Canuckistanian Nov 2012 #8
When Ken Lewis was CEO Sekhmets Daughter Nov 2012 #26
Venezuela is surprisingly on that list. Fantastic Anarchist Nov 2012 #17
Oh My! I love that idea! NT Sadiedog Nov 2012 #18
It's a Larceny Industry now. It's not about running a company, it's about "Cash and Carry". HughBeaumont Nov 2012 #4
AND tax their already ill gotten gains, the 1% already took all the money, we need to get it back RepublicansRZombies Nov 2012 #6
If I were in charge vulture capitalism would be a class A federal felony. Initech Nov 2012 #7
IMO what needs to happen PD Turk Nov 2012 #9
They're able to get those salaries and bonuses... HooptieWagon Nov 2012 #10
Compensation Benchmarking, Leapfrogs, and the Surge in Executive Pay moondust Nov 2012 #20
Trashing these arrogant bastards will just open the door for new ones Cal Carpenter Nov 2012 #12
I'm in favor of outsourcing their jobs. City Lights Nov 2012 #13
Their "team" was trounced last election: Why are they doubling down on the shitheadery? Populist_Prole Nov 2012 #14
At the very least CEO pay should be performance-based. Turn CO Blue Nov 2012 #15
It all depends on jobs. With so many people unemployed, the corporations can literally rhett o rick Nov 2012 #16
CEO of Unitedhealthcare gets $10 million/year 0zone Nov 2012 #19
Easy solution: Bring back 90% top tax rate. ErikJ Nov 2012 #22
Raise the top rate.... Jeff In Milwaukee Nov 2012 #23
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