The Obama Presidency

[Tones]

Let's not forget the golden parachutes that so many CEOs get when they fuck up. You or I fuck up big? Don't let the door hit you on the way out. Depending on how bad it was, maybe get on an HR blacklist.

[Fe 26]

From 1973 to 2011, CEO compensation rose 725%.
From 1973 to 2011, average worker compensation rose 5.7%

That seem fair and equitable?

For years I've wondered why it seemed like no companies took a long view towards business. Everyone was all about the quick buck. Now I understand why. When someone came up with the bright idea of tying a CEO's wage to share performance, they sealed the fate of quality business practice and sustainable future growth.
That someone would not only stifle the compensation growth of the workforce under him but also cut that workforce back to nothing solely to boost his own personal gain is disgusting.
Yet it happens all the time and as long as the right palms in government keep on getting greased, nothing will be done to stop it.

isn't it also technically illegal for a CEO to do something outside of what is best for the pocket book of shareholders?

[Diff-chan]

No.

[Josh]

That's a thing I've heard thrown around a lot. That a corporation is legally bound to do anything and errything to maximize shareholder profits.

[Diff-chan]

It's BS, but even if it weren't, "increasing shareholder profits" is so vague that there is very little a CEO could do outside of embezzling funds that could not be reasonably seen as trying to increase profits.

[Bojack]

And keep in mind that is from a much higher starting point. If both CEO and worker pay increased, say, 30%, the gap would've still gotten larger.

The gap would be larger yes except the little guy woulda gotten more share of his aggregate gains in productivity instead of busting ass so his boss could get a raise.

[Fe 26]

http://reason.com/blog/2013/06/03/su...e-to-collect-w

"Make no mistake about it: because of today’s decision, your DNA can be taken and entered into a national database if you are ever arrested, rightly or wrongly, and for whatever reason.” -Justice Antonin Scalia

[Diff-chan]

FUUUU

Say it ain't so, Breyer.

Alito is the worst.

[Yoshi]

sad sack pussies most white collar types are

There's little I enjoy better than liberal blanket statements and bigotry.

Where's this magic book that lists all these FMV's for given labor skills? "Market value" is an easy way for people to deny guilt over paying people shit and exploiting them. Why are people of your beliefs so blind to the moral hazard and so eager to felate management and capital?

Supply and demand doesn't carry any "moral hazard."

As for the measuring stick going both ways................ maybe you actually believe that. When you finally start complaining about golden parachutes and insane executive compensation for companies that are falling apart as hard as complain about welfare abuse I may start to believe you. Till then this is how you present yourself.

You, and most others in this thread, need to start being more specific about what "executives" you're talking about. That is a broad group that has salaries anywhere from $100k to $20+M. There's no way to pain them all with the same brush.

CEO demands a raise. Great it's what he deserves cuz he works hard!
Factory worker demands a raise. HOW DARE THAT ASSHOLE!

No one should ever be rewarded for working hard. Everyone should be rewarded for producing results.

[Anthony]

To look solely at market share to determine absolutely how much people should be paid seems rather poorly thought out.

The people have a union though, it's the government. As to how effective they are at using that, well...