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So? It's exactly what you righties have been screaming about for years.
The boss gets massive, disproportionate compensation and benefits. Just like any business. That's how you want government to be run, right? Like a business -- because, you know, it's so much more efficient and effective. And you worship at the feet of other CEOs who make more in 10 minutes than his/her employees make in a week ...
Sounds perfect to me. A conservative's dream.
The county's budget is around 2.5billion and they have 8k or so employees.
Citigroup (for example) has revenues about 40x higher and about 35x more employees.
Citigroup CEO pay is about 25x higher than this persons.
Hopefully you learned something here.
P.S. The county voted 80% for Obama in the last election and Obama's cabinet and contributors are full of CEO's and wallstreet types. Not sure how you reconcile the fact that "your people" are just as in bed with the corporations as those "evil cons". Too partisan to see the truth eh?
Since when? Recent history is littered with examples of CEOs getting lavish "golden parachute" payouts despite poor performance.
Yeah, and every time a liberal brings that up, the conservatives on this board scream "You're greedy [because you don't want someone else to make obscene amounts of money for doing nothing]! Or, "You probably don't have a job and you're a leech/taker/freeloader!"
Since when? Recent history is littered with examples of CEOs getting lavish "golden parachute" payouts despite poor performance.
Golden parachutes are done deals before they even step onboard to take office.
They were done back in the day when companies were floundering and no one wanted to take on the position of CEO. It was done as incentive to try to turn a bad company around. It's also done to hedge a buyout and release of that CEO by the buying company.
Lou Gerstner is one such CEO that took on floundering companies and turned them around.
Yeah, and every time a liberal brings that up, the conservatives on this board scream "You're greedy [because you don't want someone else to make obscene amounts of money for doing nothing]! Or, "You probably don't have a job and you're a leech/taker/freeloader!"
Seriously, do you guys hear yourselves?
1. Who pays the CEO salary?
2. Who pays this public administrator's salary?
Thanks for coming out. Don't forget to tip your waitresses.
The county's budget is around 2.5billion and they have 8k or so employees.
Citigroup (for example) has revenues about 40x higher and about 35x more employees.
Citigroup CEO pay is about 25x higher than this persons.
Hopefully you learned something here.
P.S. The county voted 80% for Obama in the last election and Obama's cabinet and contributors are full of CEO's and wallstreet types. Not sure how you reconcile the fact that "your people" are just as in bed with the corporations as those "evil cons". Too partisan to see the truth eh?
Oh please. Of course Obama's in bed with them. Where did I say he wasn't? (Again ... I'll wait while you re-read my post.)
I'm just having some fun pointing out the faux outrage and hysterically funny hypocrisy of the right on the subject of "Government should be run like a business." Well, these days, businesses pay their CEOs obscene salaries that are completely out of whack with performance. Conservatives should just deal with that fact and not try to pretend they're opposed to it because it's California.
LOL..faux outrage ? I have no outrage at all. If CA wants to pay their administrators half a million per year for life that is CA's doing and they will have to find the money somewhere to pay them.
I'm not in that camp and don't know why everyone has to label people as one or the other.
Primarily because I was essentially being labeled even though I never said a word about the county being Democratic (you brought up that topic) or that Obama's in bed with Wall Street (Mathguy introduced that topic).
Assumptions, assumptions.
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Too partisan to see the truth eh?
