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If you don't have viable 21st century job skills, no first world country is going to take you. If some multinational wants to sponsor you, you can move to pretty much any country in the first world. Norway is paying refugees to leave. Those socialist enclaves don't want the unwashed masses descending on them clamoring for money from the tribe to be redistributed to them when they're in no way part of the tribe. Australia slammed the doors shut years ago.
Their populations are growing. So people must be getting in. Lots of people live there illegally too. They just stay until they get citizenship. People did/still do it everywhere.
CEO ..... CEO ..... CEO.....C. E. O.....................duuuuuuuuuuuuuh
Three letters even the slowest idiot can repeat as a case for all his/her troubles.
Have any of those who buy into this convenient excuse even looked deep enough to determine how the so-called "statistics" were calculated?
Do those "CEO's" include the tens of thousands of small business owners who incorporate to protect themselves in this lawsuit-and-lottery-ticket culture? I doubt it.
No; they (the "targeted" CEO's) are more likely chosen from the top tier of corporate life. But if they can be linked with a large retail-oriented "anthill", where millions of part-timers can be factored into the equation, you can bet that the manipulators of "public opinion" will pull out their calculators.
Everyone wants to be a chief, or at least, a medicine-man; but the nature of life in our "tamed", over-sensitized, post-industrial society is such that the majority of us will become braves if we have the ambition (and resolve, and patience) to play the game at all.
It's the way things work in any and every advanced society; and the only other pattern that history has helped us to discern is the concentration of power in a strongman. I hope most of us have enough street-sense to recognize where that path leads.
Last edited by 2nd trick op; 02-12-2016 at 07:31 AM..
Ncole1 has the math exactly right. You could pay the CEO zero and it wouldn't particularly impact the bottom line of the corporation. Corporations pay their employees precisely what it takes to retain them and keep them motivated, not one penny more. If you want to increase your pay, increase your worth to your employer.
This is straight class envy. Corporations pay that kind of money to attract the best possible talent. One bad decision by the CEO and the shareholder value of the corporation goes into the toilet. A good CEO is worth every penny. You can argue about corporate governance and overpaying bad executives who are tough to fire but that is independent of what the good ones are worth to the shareholders.
LeBron James makes $24 million. Why? Because he has very unique skills and easily creates that much profit for his employer. The Red Sox just signed David Price at $31 million per year. The team has been finishing in last place and their TV revenue and ticket revenue from selling out every game despite the most expensive ticket in baseball are in jeopardy. A #1 starting pitcher makes it likely the corporate cash juggernaut will continue. I see no difference between paying big bucks to a CEO to properly run an S&P 500 corporation and paying big bucks to a pro athlete who is top in his league.
You mean like the CEOs of IBM and Viacom? They're doing so well.
If you don't have viable 21st century job skills, no first world country is going to take you. If some multinational wants to sponsor you, you can move to pretty much any country in the first world. Norway is paying refugees to leave. Those socialist enclaves don't want the unwashed masses descending on them clamoring for money from the tribe to be redistributed to them when they're in no way part of the tribe. Australia slammed the doors shut years ago.
After reading this, I'm starting to think that the U.S. needs to take this sign off of the Statue of Liberty !
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!"
At the end of the day the math behind this whole argument simply makes the point invalid. As Ncole pointed out paying CEOs 0.00 wouldn't do much if anything to the average worker. This came up as a heated topic when oil was in the 120-140 range and was silly, it came up about wall at CEOs and was silly, it comes up about Walmart and every time it comes up the people bringing it up fail to understand the math behind it.
The bigger problem is the way CEOs layer debt upon debt on a corporation in order to buy back executive stock options. It is a gigantic transfer of wealth to CEOs where they reap $billions for doing absolutely nothing more than adding debt to the corporation's balance sheet.
Ultimately, the corporation goes bankrupt (or "restructures" itself) thousands of employees lose their jobs, and the CEO and other corporate cronies are sitting on top of $billions stuffed in their mattresses.
All of this is made possible by free money from the Fed. It is critical for people understand how monetary policies and financial engineering are destroying the working class in this country.
Complaining about what the top assumes that there is only a limited pie to go around - that what the CEO makes directly takes away from what the worker makes, a zero-sum game.
I couldn't care less what some CEO is making as long as I'm doing fine and growing.
Complaining about what the top assumes that there is only a limited pie to go around - that what the CEO makes directly takes away from what the worker makes, a zero-sum game.
I couldn't care less what some CEO is making as long as I'm doing fine and growing.
The millions who lost their jobs during the previous two busts because of the way CEOs eviscerated their companies may feel differently.
Watch what is now unfolding in the shale industry. Another disaster unfolding.
The bigger problem is the way CEOs layer debt upon debt on a corporation in order to buy back executive stock options. It is a gigantic transfer of wealth to CEOs where they reap $billions for doing absolutely nothing more than adding debt to the corporation's balance sheet.
Ultimately, the corporation goes bankrupt (or "restructures" itself) thousands of employees lose their jobs, and the CEO and other corporate cronies are sitting on top of $billions stuffed in their mattresses.
All of this is made possible by free money from the Fed. It is critical for people understand how monetary policies and financial engineering are destroying the working class in this country.
If we agree on this point, how do you propose to identify and restrain the (relatively) small number of instances? The nature of entrepreneurship (including the sham of "crony capitalism") is such that wealth tends to gravitate to a relative few entities -- and that can be linked to Madison Avenue and our oooh!-so-"trendy" consumerist society.
If you want to restrain this, a part of the process would be to restrain our teenyboppers from blowing every cent at the same mall every weekend, or holding "fun" summer jobs at the local corporate-owned theme park, as opposed to the tedious, but somewhat better-paying "daily grind" as a vacation replacement in a local factory that closed twenty years ago. That's not gonna happen, nor would most of us want it to happen.
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