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Old 03-04-2011, 01:16 PM
 
Location: Hoboken
19,891 posts, read 15,776,656 times
Reputation: 3123

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Quote:
Originally Posted by J746NEW View Post
A CEO is a job just like any other, and there are many other CEO's around the world that would be equally qualified. The question is, how do we get these qualified people into America to take these CEO jobs, just like we have worker visa's, outsourcing and off shoring operations to pay others less money for the same job.

Well, the answer is that the CEO's are not part of the worker free market since they are the market and call the shots, and dictate policies beneficial to them in our government.

Here is a paper discussing the US vs the rest of the world CEO pay and the causes for this.

This was as of 2005, so it has increased much more than this data.

http://www.cab.latech.edu/~mkroll/510_papers/fall_05/group6.pdf (broken link)

CEO Pay Rates
U.S. vs. Foreign Nations


Country Ratio of CEO pay to average worker pay

Japan 11:1
Germany 12:1
France 15:1
Italy 20:1
Canada 20:1
South Africa 21:1
Britain 22:1
Hong Kong 41:1
Mexico 47:1
Venezuela 50:1
United States 475:1

The question now becomes, in this global free market, how can we get those CEO's over here to do these jobs. Just think of the savings and how much more efficient it will be for the company if they reduce these CEO costs.

Well of course you are comparing apples and bowling balls. US corporations in general are much larger than their international counterparts. Your metrics are of little value in determining the appropriate level of compensation for CEO's.
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Old 03-04-2011, 01:18 PM
 
Location: Hoboken
19,891 posts, read 15,776,656 times
Reputation: 3123
Quote:
Originally Posted by J746NEW View Post
Yep, I'm making it my "business" in this global free market ideology espoused by many. It does not seem to be such a "free market" when the forces are not allowed to effect everyone equally.

We need to get a CEO visa program going to help the "free market" out.

The common idea's held by many in the free market, is that if someone in China can build a widget cheaper than, then you are being overpaid.

The same reasoning can be said about CEO pay. There are many qualified CEO's around the world that can direct a company in the same fashion for a lot less pay, so the majority of the ones in the US are being overpaid.

Add up all CEO pay in the US and imagine that now going into the pockets of consumers in the form of savings or better wages.

My point in all this, is that there is no "free market" and is a bunch of hogwash.
There are policies of control, where the mega corps and banks in bed with the government run the show to their own benefit screwing over everyone else as much as they can.

You have every right to have a say in CEO compensation, buy shares of stock in the company which offends you and use their bylaws to make yourself heard. Otherwise it really isn't your business.

GE's CEO compensation doesn't affect you or any other worker.
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Old 03-04-2011, 01:21 PM
 
Location: Hoboken
19,891 posts, read 15,776,656 times
Reputation: 3123
Quote:
Originally Posted by desertdetroiter View Post
One right to work state is too many.

Of course workers should have no right to refuse to join a union!
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Old 03-04-2011, 01:21 PM
 
Location: Dallas, TX
31,777 posts, read 24,024,080 times
Reputation: 12105
Quote:
Originally Posted by shorebaby View Post
1- If you don't know what a market is, you have no business posting here.

2-The market doesn't decide compensation versus other occupations it determines the worth of specific jobs. For instance the market doesn't determine wages for a truck driver based on a physician's wages. It determines how much it must pay in order to attract workers with the best skills.

3-Workers and CEO's have rights as provided by the law.
1- It looks like you don't. Otherwise you would have provided your definition of it.

2- Now, we're off from compensation to a new word, "worth". So, let me adjust my question accordingly. How does the market decide the "worth" of a CEO or a worker, and compensates them accordingly?

3- Such as...?
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Old 03-04-2011, 01:25 PM
 
5,915 posts, read 4,015,043 times
Reputation: 1396
Quote:
Originally Posted by clb10 View Post
Why don't Americans work 60-80 Hours Per Week?
Some Americans do. Examples: entrepreneurs, business owners, CEOs, workaholics etc, in other words job creators.

Last edited by Kirdik; 03-04-2011 at 01:36 PM..
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Old 03-04-2011, 01:28 PM
 
Location: Texas
42,283 posts, read 49,847,621 times
Reputation: 67136
Why don't Americans work 60-80 Hours Per Week?

A lot of us do. I don't as much anymore, but most of my colleagues do.
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Old 03-04-2011, 01:31 PM
 
Location: in my imagination
11,033 posts, read 18,123,207 times
Reputation: 7668
Quote:
Originally Posted by shorebaby View Post
. Try paying a nurse $10 per hour and see how many applicants you get. Unions artificially inflate wages causing the cost of their products to be artificially high or the quality to be inferior. See the US auto industry.

.

Bring over Filipino and Indian nurses on a visa who will do it for $15 a hour and you the share holder and owner of the hospital will become richer from saved wage payouts.

And to the American nurse who won't do it for $15, well either you will or go be a greeter a Walmart when you realize you need some kind of job. Because what are you gonna do about it, not feed the family?
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Old 03-04-2011, 01:38 PM
 
5,182 posts, read 2,351,963 times
Reputation: 1856
Quote:
Originally Posted by shorebaby View Post
You have every right to have a say in CEO compensation, buy shares of stock in the company which offends you and use their bylaws to make yourself heard. Otherwise it really isn't your business.

GE's CEO compensation doesn't affect you or any other worker.
The policies involved as you rightly put it, benefit the CEO-Shareholder Model.
This is where it is my business, because it is my couuntry and as a citizen am concerned where they are leading us, because through their practices, they are destroying the USA and have been for the last 30 years.

In order to keep the bonuses coming and money growing to the shareholders, they offsource or lay off workers, reduce wages, reduce benefits, anything to keep the money pile growing higher.

So we have had stagnant wages but rising productivity for the last 30 years, with all the benefits going to the cockroaches on Wall Street and the Fat Cat Mega Corp CEO's

Which is exactly why the big corps and wall street are doing so well.
They provide nothing of value to this country and are only concerned about taking more and more at the expense of everyone else.

These people are financial terrorists and their day of reckoning is coming.

And just to be clear, I am only referring to the mega corps and investment banks and those in the government that benefit from this reach around, as they pillage, rape and plunder Americans and others in the world for their own self enrichment.

Last edited by J746NEW; 03-04-2011 at 01:54 PM..
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Old 03-04-2011, 01:43 PM
 
Location: Brooklyn New York
15,237 posts, read 23,793,029 times
Reputation: 19907
Quote:
Originally Posted by silas777 View Post
Heres a news flash........for a lot of peoplein this country a 40 hour work week is a laughable. There are hard working business owners all over this country who put in twice that and are the last to get paid ,sometimes they don't get paid , many don't get health care ,unemployment, paid vacations etc.etc. So we don't really have a lot of sympathy for the unions sniveling when they are asked to pay a little bigger% of their pension and benefits....or when they decide to strike because they didn't get that extra week of vacation they were banking on.
That is the key phrase, "in this country", only Americans live to work.
That's it work work work work work........then die.

It is one thing to have your own company and work all the time, but to work for someone else, or a corporation, 35 hours per week is more than enough. Anything needed over that, hire another worker.

God did not put us here on Earth to work until the day we die....man has chosen that ritual.

ugh, how many more days till retirement.
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Old 03-04-2011, 01:50 PM
 
47,314 posts, read 24,662,808 times
Reputation: 14471
Quote:
Originally Posted by jeffington View Post
Are you aware that our Corporations run circles around everyone else?
Really? I thought they were overburdened by heavy regulations and are forced to operate in an environment that's hostile to business in this country?

Anyway, thanks for revealing the actual truth.
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