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You mean running the payroll, marketing the company to keep it vital and alive, dealing with regulations, paying insurance, safety inspections, leading the key people in the company that run each department, firing bad employees, hiring good ones, paying taxes, etc is doing nothing?
You forgot responding to customer's demands and kissing ass when needed. Everyone in this society answers to someone.
The ghost from TX would like to tell the waterboy from nowhere that Denmark's economy thrives on small business. That the country is among the leaders in the world with minimum income inequality should tell you that it ain't a land of extremes. That employees are able to cover their rear due to high salaries and policies designed to insulate BOTH employers and employees from each other.
But they are not economies which are able to be directly correlated. Denmark is a primarily service based economy able to serve an international market without real production. How exactly can we draw parallels between such a dramatically different economic base? To adequately compare income equality in the US to Europe, you need to look at Western Europe in a larger scale, not simply one small, service based economy. The US does not have the luxury of cheap imports like Denmark, nor would we stand for the historically high unemployment rates Denmark has struggled with. Not only that, but Denmark's net tax levels are off the charts. A few years ago, Denmark had the honor of having the highest net tax level of any country in the world. There are tradeoffs everywhere, and it is intellectually dishonest to paint a rosy picture of another country benefits without discussing the downsides and shortfalls as well.
Inequality is critical to positive evolutionary development which allows success to breed success
CEOs in large firsts have had their compensation skyrocket in the last few decades. Many of those rewarded were at companies that lost money.
As I said in post #43, "60 percent of the top 0.1 percent either are executives in nonfinancial companies or make their money in finance."
The reason why CEO pay has increased has nothing to do with "success" but because the corporate system breeds a system where the board gives the CEO what he wants and the CEO them compensates the board. It's a system of corporate incest.
Quote:
Do they deserve this? Almost certainly not. There's simply no good reason that a CEO of 2011 is worth 4x more than a CEO of 1970. The reason their pay has gone up is simple: for all practical purposes, CEOs set each other's pay. And they keep raising each other's pay because they can. It's a pretty nice racket.
source: Mother Jones
I was reffering to absentee owners whose only connection is to cash the dividend checks.
So let's suppose a person takes out $700,000 in debt and works 85 hours/week for 10 years to get a business going. Starting in year 11, he sits back and simply collects a check. Are you saying that owner does not deserve the check?
CEOs in large firsts have had their compensation skyrocket in the last few decades. Many of those rewarded were at companies that lost money.
As I said in post #43, "60 percent of the top 0.1 percent either are executives in nonfinancial companies or make their money in finance."
The reason why CEO pay has increased has nothing to do with "success" but because the corporate system breeds a system where the board gives the CEO what he wants and the CEO them compensates the board. It's a system of corporate incest.
Thats up to the shareholders to fix , not the gvmt.
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