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Ratio of CEO pay to the average worker. (Original Post) Huey P. Long Dec 2011 OP
And Mexico and Venezuela are considered by us to be the banana republics, Cleita Dec 2011 #1
1 real country,and 9 Commie utopias. athenasatanjesus Dec 2011 #2
Canada is a commie utopia? sarcasmo Dec 2011 #17
Thanks - stolen and copied to Facebook FreakinDJ Dec 2011 #3
But I thought Hugo Chavez and Venezuela was socialist? Xicano Dec 2011 #4
Actually, it is 343:1. But is that a bad thing? TE Lawrence Dec 2011 #5
But they get massive rewards whether they succeed or fail... CJCRANE Dec 2011 #6
I'm with you on bank bailouts, but at least the banks paid us back--taxpayers even made a profit. TE Lawrence Dec 2011 #15
Good for the bankers. You see we all need a bit of help now and then CJCRANE Dec 2011 #23
"But is that a bad thing?" Xicano Dec 2011 #7
Thank you, Xicano. prairierose Dec 2011 #8
Thanks prairierose Xicano Dec 2011 #12
+2 xchrom Dec 2011 #10
"is not only criminal" TE Lawrence Dec 2011 #16
This is where taxation comes in - TBF Dec 2011 #24
Right now - Tier 38% + SS/MC 15.3% = 53.3% at the federal level... TE Lawrence Dec 2011 #26
Ah yes, coddle the 'job creators' so they will 'trickle-down' on us, huh? PeaceNikki Dec 2011 #18
Have no idea what you're talking about... Xicano Dec 2011 #19
I was responding to "TE Lawrence" PeaceNikki Dec 2011 #20
Oh sorry PeaceNikki, my mistake.. Xicano Dec 2011 #21
s'alright. It happens! PeaceNikki Dec 2011 #22
I don't know about "coddle," but if they perform well, they will likely be rewarded. TE Lawrence Dec 2011 #25
However, some CEOs don't perform well and they are still rewarded. TexasTowelie Dec 2011 #27
Well, it seems whomever made it did perhaps make a mistake, so its 343:1 Huey P. Long Dec 2011 #29
k&r n/t RainDog Dec 2011 #9
I'll keep posting this until it goes viral: Initech Dec 2011 #11
Shared. HughBeaumont Dec 2011 #13
It is a bit blurry. Because of the small type, it need be crisp and clear. Huey P. Long Dec 2011 #30
Thanks ,this should be enough of a picture orpupilofnature57 Dec 2011 #14
well done. now, i wonder if anyone's made a similar comparison of productivity, and intelligence. marasinghe Dec 2011 #28

Cleita

(75,480 posts)
1. And Mexico and Venezuela are considered by us to be the banana republics,
Fri Dec 30, 2011, 08:01 PM
Dec 2011

where the rich take everything and the poor get nothing.

 

Xicano

(2,812 posts)
4. But I thought Hugo Chavez and Venezuela was socialist?
Fri Dec 30, 2011, 08:18 PM
Dec 2011

Looks like Britain is twice as socialist as Venezuela and Japan and Germany are full blown communist compared to Venezuela.

LOL

 

TE Lawrence

(17 posts)
5. Actually, it is 343:1. But is that a bad thing?
Fri Dec 30, 2011, 08:18 PM
Dec 2011

It seems to me that we should strive to have our CEOs, our average, above average and excellent workers at the top of every list.

http://money.cnn.com/2011/04/19/news/economy/ceo_pay/index.htm

CJCRANE

(18,184 posts)
6. But they get massive rewards whether they succeed or fail...
Fri Dec 30, 2011, 08:26 PM
Dec 2011

Witness what happened with the catastrophic failure of the banking system, the taxpayer filled the financial blackhole and the 1%ers carried on as though nothing had happened. That's not freemarket capitalism, that's corporate welfare.

ETA: You may be okay with it but to me a ratio of 343:1 seems more like feudalism.

 

TE Lawrence

(17 posts)
15. I'm with you on bank bailouts, but at least the banks paid us back--taxpayers even made a profit.
Fri Dec 30, 2011, 09:16 PM
Dec 2011
http://www.nytimes.com/2009/08/31/business/economy/31taxpayer.html

On the other hand, taxpayers are still in the hole for the corporate welfare afforded the auto industry.
http://www.mlive.com/auto/index.ssf/2011/11/white_house_ups_expected_losse.html

The New York Yankees voluntarily chose to pay Alex Rodriguez 80 times what their lowest paid player makes. You and I might not think he is worth that much, but the Yankees do, and they are the ones who have to sign his checks.

Oprah Winfrey has an income of approximately $385 million dollars a year, because someone thinks she is worth that much. The same goes for CEOs. Some earn more--a lot more, than others. It's up to the owner's, or board of directors to decide what they are worth. The key point is that these decisions are made voluntarily and those who sign the checks are the ones who must live with the decisions--good or bad.

CJCRANE

(18,184 posts)
23. Good for the bankers. You see we all need a bit of help now and then
Fri Dec 30, 2011, 09:36 PM
Dec 2011

from the richest of us to the least of us*. Circumstances can change very quickly.

*But it seems to me that the richest get the most help.

 

Xicano

(2,812 posts)
7. "But is that a bad thing?"
Fri Dec 30, 2011, 08:28 PM
Dec 2011

No not if the CEO actually contributes 343x more labor toward the end product than labor does. But what CEO can make that claim? Therefore to make in one day what you pay your labor all year is not only criminal, but, its what conservatives cry like little babies over more than anything else. Its REDISTRIBUTION of wealth.

eom.

prairierose

(2,145 posts)
8. Thank you, Xicano.
Fri Dec 30, 2011, 08:35 PM
Dec 2011

Finally someone makes the real point. When the CEO makes that mush more than the workers, then the workers are not being fairly compensated for their labor.

 

Xicano

(2,812 posts)
12. Thanks prairierose
Fri Dec 30, 2011, 08:57 PM
Dec 2011

And you're exactly right. When any laborer isn't compensated at least the amount equal to his/her contribution toward the end product or service, then its redistribution of wealth. Right wingers of all people with their utter disdain over the concept of redistribution of wealth should be fuming mad about the rate of company executive pay. But since they're not, its but another example showing how ignorant the right winger is.

 

TE Lawrence

(17 posts)
26. Right now - Tier 38% + SS/MC 15.3% = 53.3% at the federal level...
Fri Dec 30, 2011, 10:19 PM
Dec 2011

99% wouldn't leave anything for the other guys, would it?

 

TE Lawrence

(17 posts)
25. I don't know about "coddle," but if they perform well, they will likely be rewarded.
Fri Dec 30, 2011, 10:02 PM
Dec 2011

Or, they might not--as was the case with Steve Jobs, who was fired from Apple in 1984.

Of course, sometimes those who call the shots are able to correct their errors, e.g., Jobs returned after then-CEO Gil Amelio was ousted in July 1997

TexasTowelie

(111,288 posts)
27. However, some CEOs don't perform well and they are still rewarded.
Fri Dec 30, 2011, 11:57 PM
Dec 2011

All that it takes is to load the board of directors of Company A with friendly faces of other CEOs, then the friendly face of the CEO Company A will be appointed to the boards of Companies B, C, D...

 

Huey P. Long

(1,932 posts)
29. Well, it seems whomever made it did perhaps make a mistake, so its 343:1
Sat Dec 31, 2011, 12:11 PM
Dec 2011

You cannot be serious in defending that. Unbelievable. Oh, and the 475 may be incorrect now, but at this pace, give it a year.

Unfucking real.

 

Huey P. Long

(1,932 posts)
30. It is a bit blurry. Because of the small type, it need be crisp and clear.
Sat Dec 31, 2011, 12:47 PM
Dec 2011

Just a bit of constructive input.

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