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Reply #6: Actually, one of these is totally wrong. [View All]

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zalinda Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 11:47 AM
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6. Actually, one of these is totally wrong.
CEO's do not assume risk. They are just doing a job. If the company has an owner, then he/she assumes the risk, which is quite different from CEO's.

CEO's get paid the way they do, because other CEO's sit on the board. There was a graphic that was posted a while ago, where all the board members from some of the top companies were named. If this had been a family tree, it would have shown a lot of inbreeding. It is not uncommon for some CEO to be on the board of directors of 3 or 4 other companies. So to deny a pay raise or bonus for a CEO when you are on the board, would mean that when you want a raise or bonus, it may be denied. It's a big circle jerk and no one assumes any risk.

zalinda
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  -Returning to the scene of the class war PSPS  Aug-19-11 02:12 AM   #0 
  - Wow, that question was stated perfectly.  Waiting For Everyman   Aug-19-11 07:28 AM   #1 
  - So our economy runs on union-busting and Nazi-sympathizing, and we aren't supposed to FIX it? WTF?  saras   Aug-19-11 10:34 AM   #5 
     - I have no idea what you're talking about.  Waiting For Everyman   Aug-19-11 11:54 AM   #7 
  - The war against the middle class,  Tutankhamun   Aug-19-11 09:18 AM   #2 
  - Answers? People either believe in demand side economics, or they don't  Populist_Prole   Aug-19-11 09:25 AM   #3 
  - Reason won't get you far with the brainwashed. nt  bemildred   Aug-19-11 10:08 AM   #4 
  - Actually, one of these is totally wrong.  zalinda   Aug-19-11 11:47 AM   #6 
 

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