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Old 05-06-2008, 06:37 AM
 
1,861 posts, read 3,026,143 times
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Quote:
Originally Posted by Kathleenh54 View Post
Yeah, the chairman of Countrywide, Angelo Mozilo, really EARNED all his millions. Right. I see some pigs flying!
Even if these people DID earn it, you must ask "How"? Was it ethical or was it by stepping over everyone else in sight?

At least if you inherited it, you didn't do anything to get it, good or bad.
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Old 05-06-2008, 10:57 AM
 
26,591 posts, read 52,371,470 times
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I read today that AFLAC Insurance will ask shareholders to approve CEO compensation... maybe the tide is turning???

Aflac will let shareholders vote on pay for top executives - USATODAY.com
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Old 06-10-2008, 11:00 AM
 
Location: Oriental, NC
917 posts, read 2,092,914 times
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I Think I read this on the Maine forum...Someonemhad a friend who was a wheat farmer in the plains and last year the farmer paid $90 a ton for fertilizer but this year it's $900 a ton! It's petrolium based fertilizer and apparently alot of farmers use that kind. Thats really scarry. Does anyone know if this is common?
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Old 06-10-2008, 12:13 PM
 
Location: Forests of Maine
30,705 posts, read 49,503,410 times
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Quote:
Originally Posted by Ann in Oriental View Post
I Think I read this on the Maine forum...Someonemhad a friend who was a wheat farmer in the plains and last year the farmer paid $90 a ton for fertilizer but this year it's $900 a ton! It's petrolium based fertilizer and apparently alot of farmers use that kind. Thats really scarry. Does anyone know if this is common?
Yes.

I am now an Organic Farmer in Maine, I use goat and chicken manure [as well as forest humus]; though I know commercial farmers here who only use petro-chem fertilizers.

As a child my family farmed on the West Coast and we used petro-chem fertilizers.

Today two of my elder siblings farm in California [one does 400 acres of grapes, the other 100 acres of almonds] they both use petro-chems exclusively.
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Old 06-10-2008, 12:59 PM
 
29,815 posts, read 34,907,142 times
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Quote:
Originally Posted by cousinsal View Post
No most likely because they inherited it.

And if they did earn it, why does the "trickle down" theory not work? If someone has a business like Bill Gates, the actual workers do not benefit from the profits of the company. How come U.S. real wages have stagnated for decades?

"Trickle down, schmickle down". It does not happen.
Because he owns the company and they are laborers who work at his discretion. It was his brains, ingenuity and risk that made the company a success over competitors who also had laborers.
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Old 06-10-2008, 01:02 PM
 
29,815 posts, read 34,907,142 times
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Quote:
Originally Posted by Kathleenh54 View Post
Yeah, the chairman of Countrywide, Angelo Mozilo, really EARNED all his millions. Right. I see some pigs flying!
[/i]

I believe he founded the company and took it to the heights it reached at it's peak, thus he did earn it.
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Old 06-10-2008, 02:43 PM
 
Location: Oxygen Ln. AZ
9,321 posts, read 16,594,478 times
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He built up a huge business once and lost every dime. He then took a chance and started up Countrywide. My husband worked for them for a short time and had the opportunity to meet him. Wears lots of gold and flys around in a private jet with a butler.
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Old 06-17-2008, 09:44 AM
 
1,861 posts, read 3,026,143 times
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Quote:
Originally Posted by TuborgP View Post
Because he owns the company and they are laborers who work at his discretion. It was his brains, ingenuity and risk that made the company a success over competitors who also had laborers.
AND, it is the workers' WORK that makes the company run and succeed. Don't you remember brilliant Ronald Reagan's "trickle-down economics"? That is the way it's SUPPOSED to work. But, alas, it's a sham. The actual producers who make the product do NOT share in the prosperity.

You're saying they do not deserve it? As if the big bosses can't pay $12/hour instead of $10/hour? Gosh - if they did that, heavens, the CEO would only make $400 million/year instead of $500 million.
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Old 06-17-2008, 12:03 PM
 
Location: Forests of Maine
30,705 posts, read 49,503,410 times
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Quote:
Originally Posted by cousinsal View Post
AND, it is the workers' WORK that makes the company run and succeed. Don't you remember brilliant Ronald Reagan's "trickle-down economics"? That is the way it's SUPPOSED to work. But, alas, it's a sham. The actual producers who make the product do NOT share in the prosperity.

You're saying they do not deserve it? As if the big bosses can't pay $12/hour instead of $10/hour? Gosh - if they did that, heavens, the CEO would only make $400 million/year instead of $500 million.
But the workers are enjoying their share of the prosperity. The workers are buying homes and raising families, investing and retiring.
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Old 06-17-2008, 01:54 PM
 
1,861 posts, read 3,026,143 times
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Quote:
Originally Posted by forest beekeeper View Post
But the workers are enjoying their share of the prosperity. The workers are buying homes and raising families, investing and retiring.
Sure - they have a lot to invest and to retire on - NOT. The median income in the U.S. is only $45K a year per household. Just think - 50% are below that. People live paycheck to paycheck, in many cases.

Wages have been stagnant for decades.
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