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A big problem is that CEO's are compensated with stock options. They have an incentive to drive stock prices higher, which sounds like a good thing since shareholders would also get the money; however, CEO's are interested in short term gains in stock. Many drive the stock up and then leave not caring about the long term health of the company.
The quickest way to drive the stock up is to lay off employees. This can be accomplished by laying off U.S. employees and outsourcing. In the business journal it will just say 1000 employees laid off and then it will be followed by a stock increase.
Yeah, they are in it for what they can get out of it. They really could care less about loftier ideals, like the fate of the American worker and/or the American economy. If they can lock in their tens of millions, and set themselves up for life - they go for it. Unfortunately, when thousands of CEOs are thinking the same way, and there is nothing to impeed them, we have a total dis-mantling of the American workforce and economy. This has ALREADY happened, and there is no fake 'jobs bill' that will reverse it.
Yeah, they are in it for what they can get out of it. They really could care less about loftier ideals, like the fate of the American worker and/or the American economy. If they can lock in their tens of millions, and set themselves up for life - they go for it. Unfortunately, when thousands of CEOs are thinking the same way, and there is nothing to impeed them, we have a total dis-mantling of the American workforce and economy. This has ALREADY happened, and there is no fake 'jobs bill' that will reverse it.
If you tax capital gains by 90%, it will take the whole incentive out of driving up the stocks to get fast cash and then leave the company to burn. CEO's would have to focus on the long term health of the company and stockholders would care more about steady dividends than speculative stock prices.
If you tax capital gains by 90%, it will take the whole incentive out of driving up the stocks to get fast cash and then leave the company to burn. CEO's would have to focus on the long term health of the company and stockholders would care more about steady dividends than speculative stock prices.
tax capital gains at 90%...are you nuts
you will kill everyone with that
my parents bought thier house in 1964 for less than 20k...it became a second house to them in 1987 when they retired..(my sister lived in it while she went to college)..they sold it in 2005 for 480k..the 15% capital gains killed them for over 60k,,,what do you think 90% would do
my parents bought thier house in 1964 for less than 20k...it became a second house to them in 1987 when they retired..(my sister lived in it while she went to college)..they sold it in 2005 for 480k..the 15% capital gains killed them for over 60k,,,what do you think 90% would do
do liberals ever use their brain
That is fair enough. I thought it was firmly established that there would be a threshold amount. I am generous enough to set that amount at 1 million for 90%. Of course the same thing would apply to inheritance tax, 90% for over 1 million.
Big American corporations are making more money, and creating more jobs, outside the United States than in it.
CEO pay, meanwhile, has soared. The median value of salaries, bonuses and long-term incentive awards for CEOs at 350 big American companies surged 11 percent last year to $9.3 million (according to a study of proxy statements conducted for The Wall Street Journal by the management consultancy Hay Group.). Bonuses have surged 19.7 percent.
This doesn’t even include all those stock options rewarded to CEOs at rock-bottom prices in 2008 and 2009. Stock prices have ballooned since then, the current downdraft notwithstanding.
In March, 2009, for example, Ford CEO Alan Mulally received a grant of options and restricted shares worth an estimated $16 million at the time.
But Ford is now showing large profits – in part because the UAW agreed to allow Ford to give its new hires roughly half the wages of older Ford workers – and its share prices have responded. Mulally’s 2009 grant is now worth over $200 million.
The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression.
Big American corporations are making more money, and creating more jobs, outside the United States than in it.
CEO pay, meanwhile, has soared. The median value of salaries, bonuses and long-term incentive awards for CEOs at 350 big American companies surged 11 percent last year to $9.3 million (according to a study of proxy statements conducted for The Wall Street Journal by the management consultancy Hay Group.). Bonuses have surged 19.7 percent.
This doesn’t even include all those stock options rewarded to CEOs at rock-bottom prices in 2008 and 2009. Stock prices have ballooned since then, the current downdraft notwithstanding.
In March, 2009, for example, Ford CEO Alan Mulally received a grant of options and restricted shares worth an estimated $16 million at the time.
But Ford is now showing large profits – in part because the UAW agreed to allow Ford to give its new hires roughly half the wages of older Ford workers – and its share prices have responded. Mulally’s 2009 grant is now worth over $200 million.
The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression.
BFD. These folks are steering their companies through the worst of all possible times, with an administration hostile to business dodging their every step. I don't begrudge these CEO's a penny of their hard-earned salaries, especially Ford...and what kind of stupid example is that to use? While all the other auto makers surrendered their independence and firmly attached themselves to the government's cash teats, Ford put everything on the line, and pulled it off.
There is not a man on this planet worth millions of dollars, unless he started the business and went thru all the heart aches with it.Just because someone has a business degree means nothing, simply because it is more a popularity contest than anything, so if you know the right people you go to the top,yeah that's worth millions.
Ford, GM, and Chrysler have no doubt kept more jobs on-shore than most major US employers, and that should be applauded. It cannot be done with $28 wages for entry level, Cadillac benes stretching cost to $73/hr. 2 tier was a great compromise, and it saved jobs. PS, new GM contract raises are almost exclusively lower tier, some going up $3.50/hr.
Ford workers voted to accept a full Tier 2 plant that otherwise was going to Mexico.
If your talking about on shore being North and South America your right.
Big American corporations are making more money, and creating more jobs, outside the United States than in it.
CEO pay, meanwhile, has soared. The median value of salaries, bonuses and long-term incentive awards for CEOs at 350 big American companies surged 11 percent last year to $9.3 million (according to a study of proxy statements conducted for The Wall Street Journal by the management consultancy Hay Group.). Bonuses have surged 19.7 percent.
This doesn’t even include all those stock options rewarded to CEOs at rock-bottom prices in 2008 and 2009. Stock prices have ballooned since then, the current downdraft notwithstanding.
In March, 2009, for example, Ford CEO Alan Mulally received a grant of options and restricted shares worth an estimated $16 million at the time.
But Ford is now showing large profits – in part because the UAW agreed to allow Ford to give its new hires roughly half the wages of older Ford workers – and its share prices have responded. Mulally’s 2009 grant is now worth over $200 million.
The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression.
What does CEO pay have to do with the unemployment rate?
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