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America, home of the brave, land of the economically disparate...
"In 1980, CEOs at S&P 500 companies made 42 times as much as their employees did on average, today they 354 times as much. In fact, there are many CEOs that make more than 1000 times what the average employees in their companies make.
65 percent of all American workers make less than $40,000 a year before taxes, and 40 percent make less than $20,000 a year, one out of every four American workers has a job that pays $10 an hour or less.
The top 7 percent of all U.S. households own 63 percent of all the wealth in the country, while according to numbers that were just released this week, 49.7 million Americans are living in poverty, a new all-time record high.
In America the wealthiest one percent have a greater net worth than the bottom 90 percent combined.
The 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
1.2 million students that attend public schools in America are homeless, that number has risen by 72 percent since the start of the last recession.
Nearly half of all public students in the United States come from low income homes.
America has a higher percentage of workers doing low wage work than any other major industrialized nation does.
America, home of the brave, land of the economically disparate...
"In 1980, CEOs at S&P 500 companies made 42 times as much as their employees did on average, today they 354 times as much. In fact, there are many CEOs that make more than 1000 times what the average employees in their companies make.
65 percent of all American workers make less than $40,000 a year before taxes, and 40 percent make less than $20,000 a year, one out of every four American workers has a job that pays $10 an hour or less.
The top 7 percent of all U.S. households own 63 percent of all the wealth in the country, while according to numbers that were just released this week, 49.7 million Americans are living in poverty, a new all-time record high.
In America the wealthiest one percent have a greater net worth than the bottom 90 percent combined.
The 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
1.2 million students that attend public schools in America are homeless, that number has risen by 72 percent since the start of the last recession.
Nearly half of all public students in the United States come from low income homes.
America has a higher percentage of workers doing low wage work than any other major industrialized nation does.
ok for your information, the only "control" a government has over a corporation is through regulations that the company has to abide by. and just because a corporation is publicly traded, does not make it a public company, it is still a PRIVATE corporation, meaning it has no government ownership. and a publicly traded company does not fall under the control of the government, except through regulation that ALL businesses have to abide by. the only people that a CEO answers to is the shareholders and the board of directors. please get an education in this regard.
It is a PUBLIC company, get that through your head. No, that does not mean it is government own it, but that means it has they follow guidelines established by the SEC for public corporations. Stop trying to twist the meaning of words to suit your loosing argument. A publicly traded company is NOT the same as a privately held corporation, not legally and not in the way they operate. This is the reason why companies like Dell, BMC, and others have gone private lately. It allows them to escape regulation and to some extent the binds of shareholders.
I think you are just jealous because you aren't and can't be one of them.
I suggest you go read the Citicorp memos posted a few pages back. You're just naive and gullible because you think you have a chance to be one of them.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,823 times
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Quote:
Originally Posted by 11thHour
Any other way I try to rearrange the people of the picture one of two things happens.... either it topples over or implodes from the weight being above it. So how would one rearrange it so that it continues to stand if not in a "pyramid" with the largest base at the bottom? Can it realistically be done?
It is a PUBLIC company, get that through your head. No, that does not mean it is government own it, but that means it has they follow guidelines established by the SEC for public corporations. Stop trying to twist the meaning of words to suit your loosing argument. A publicly traded company is NOT the same as a privately held corporation, not legally and not in the way they operate. This is the reason why companies like Dell, BMC, and others have gone private lately. It allows them to escape regulation and to some extent the binds of shareholders.
public, and publicly traded are TWO DIFFERENT THINGS, whether you want to believe it or not. the SEC has REGULATIONS that business has to follow in regards to the things they do in the stock market. in other words they cant manipulate the price of their stock legally, and they cant legally use insider trading to their advantage. again your argument is the losing one here. the government cant tell IBM what products they can sell, who they can hire and fire, what they pay their CEOs, board of directors, presidents, vice presidents, etc. the government has NO control over that. the guidelines are there only to ensure that the stock markets are on the up and up. they cant affect the day to day operations of publicly traded corporations. and again just because a corporation is publicly traded does not make it a public company, it is still a private company. a public company is one that is owned by the government. for instance tucson water company is wholly owned by the city of tucson, a government entity. IBM on the other hand is a private company that has ownership shares publicly traded. two completely different things.
public, and publicly traded are TWO DIFFERENT THINGS, whether you want to believe it or not. the SEC has REGULATIONS that business has to follow in regards to the things they do in the stock market. in other words they cant manipulate the price of their stock legally, and they cant legally use insider trading to their advantage. again your argument is the losing one here. the government cant tell IBM what products they can sell, who they can hire and fire, what they pay their CEOs, board of directors, presidents, vice presidents, etc. the government has NO control over that. the guidelines are there only to ensure that the stock markets are on the up and up. they cant affect the day to day operations of publicly traded corporations. and again just because a corporation is publicly traded does not make it a public company, it is still a private company. a public company is one that is owned by the government. for instance tucson water company is wholly owned by the city of tucson, a government entity. IBM on the other hand is a private company that has ownership shares publicly traded. two completely different things.
I made the distinction between a publicly owned, such as a utility, and a publicly traded, which is own by share holders. Of course that doesn't matter to you, because you are trying to deflect from the original discussion.
I still wonder the obsession with some on the right to defend the fleecing of companies by worthless executives. Does it make you feel better? CEOs are always free to become CEOs of privately held companies and collect millions in bonuses. Oh, that's right, then they can't manipulate the company stock price to inflate all of the shares the gave themselves because no such stock exits. It is hard to fleece a company when the owners actually have control.
For anyone who thinks CEOs are so great and powerful and share price is the only meaning factor, take a look what is happening inside IBM. The company is being gutted from the inside out and is in a death spiral. But most "shareholders" are oblivious or even giddy because their wonderful CEO and board of directors promised them $20 a share in earning, the future of the company be damned. It doesn't take a crystal ball to see five years in to the future. IBM will be in near ruins and their current CEO will be lying on a beach with hundreds of millions in the bank. She'll be the next Al Dunlap and IBM will share the fate of Sunbeam.
Holy crap Mathguy, you better call Fox News and every other finance publication in the world and tell them they're wrong. Twitter is still PRIVATE I say, PRIVATE!!!!
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