Detailing CEO-Worker Pay Gaps as High as 5,000 to 1, It's Clear Why Corporate Execs Didn't Want This Report Released
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Detailing CEO-Worker Pay Gaps as High as 5,000 to 1, It's Clear Why Corporate Execs Didn't Want This Report Released
"I knew inequality was a great problem in our society but I didn’t understand quite how extreme it was," says Rep. Keith Ellison
by Jake Johnson, staff writer
https://www.commondreams.org/news/2018/05/16/detailing-ceo-worker-pay-ga...
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Top of Page Bottom of Page PermalinkFull Name: Oaksterdam Dan
Rep. Keith Ellison Takes a
Rep. Keith Ellison Takes a Hard Look at New CEO Pay Ratio Data
The Minnesota lawmaker has been a champion of efforts to defend the disclosure reform from Republican attack.
by Sarah Anderson
https://www.commondreams.org/views/2018/05/16/rep-keith-ellison-takes-ha...
Top of Page Bottom of Page PermalinkFull Name: New & Improved
So, you approve, I guess.
So, you approve, I guess.
Top of Page Bottom of Page PermalinkFull Name: Oaksterdam Dan
lots of problems caused by
lots of problems caused by greedy CEO's in this country
Top of Page Bottom of Page PermalinkFull Name: Ausonius
What CEO's are paid is
What CEO's are paid is between them and the company that hires them.
Top of Page Bottom of Page PermalinkFull Name: JP (J Bomb)
What CEO's are paid is
What CEO's are paid is between them and the company that hires them. <<<
Even when they are hired by incestuous boards that only have the interest of a few people at heart? C'mon Thom. Shareholders get ripped off and employees get squeezed all the way down the line, due to the fact that a select club are writing their own rules. And yea before you start blabbering on about free market or whatever, we all know they can do it and it's perfectly legal. The question is, at what cost to society? The argument can be made it is significant.
Top of Page Bottom of Page PermalinkFull Name: _
>> The question is, at what
>> The question is, at what cost to society?
Not much. Assume CEOs of large companies make an average of 15.6 million. Let's ball park there is 500 large publicly traded companies. That's 7.8 billion dollars.
US budget deficit is ~1 trillion. Even if they were taxed at 100%, that's about 0.8% of the deficit.
Top of Page Bottom of Page PermalinkFull Name: New & Improved
>> lots of problems caused by
>> lots of problems caused by greedy CEO's in this country
If someone offered to double your salary, would you accept it?
Top of Page Bottom of Page PermalinkFull Name: Oaksterdam Dan
'Stop at Nothing' Plan to
'Stop at Nothing' Plan to Destroy Nation's Union Power Includes $80 Million Koch- and Walmart-Funded War Chest
One labor leader said the effort makes clear that the landmark Janus v. AFSCME Supreme Court case is "brought by wealthy forces to eliminate worker voice and power"
by Jessica Corbett, staff writer
https://www.commondreams.org/news/2018/05/15/stop-nothing-plan-destroy-n...
...After the oral arguments for Janus in February, Bill Blum wrote for the Progressive that it seems "public employee unions across the country are destined for a crushing defeat," which he warned, "will transform the nation's public employment sector into one large "right-to-work" jurisdiction, and in the process deliver a huge victory to the most reactionary elements of corporate America and the Republican donor class."
The case, Blum explained, "is part and parcel of a long term right-wing project to undermine the social safety net, roll back civil rights, and complete what I and other legal commentatorshave termed a conservative 'judicial counterrevolution,' aimed at reshaping American law by gaining and maintaining control of the Supreme Court."...
Top of Page Bottom of Page PermalinkFull Name: 19.5 Degrees
If someone offered you $10
If someone offered you $10,000,000,000 to kill someone, would you do it?
Top of Page Bottom of Page PermalinkFull Name: Fly
if you have to earn your
if you have to earn your money, you get what this thread is about.
Business as usual? dump on the working class.
oh and no to the hitman job
Top of Page Bottom of Page PermalinkFull Name: El Nino
LOL only in America do the
LOL only in America do the lower and middle classes passionately look out for the interests of the richest people.
Top of Page Bottom of Page PermalinkFull Name: JP (J Bomb)
Not much. Assume CEOs of
Not much. Assume CEOs of large companies make an average of 15.6 million. Let's ball park there is 500 large publicly traded companies. That's 7.8 billion dollars.
US budget deficit is ~1 trillion. Even if they were taxed at 100%, that's about 0.8% of the deficit.<<<<
There are a lot more than 500 companies to consider, along with thousands upon thousands of C-Level executives (not just CEO's) and board members that siphon off too much equity and salary.
I'm not sure how relevant the US deficit is to this discussion anyway. The end point is that you have a relatively minor amount of execs who are taking huge swaths of compensation, while not really making a true contribution to those earnings. Combined with a working class that is being squeezed more each year, and you have the underpinnings of a fractured society.
Top of Page Bottom of Page PermalinkFull Name: _
>> The end point is that you
>> The end point is that you have a relatively minor amount of execs who are taking huge swaths of compensation, while not really making a true contribution to those earnings.
How do you quantify the CEOs' contributions or productivity?
Top of Page Bottom of Page PermalinkFull Name: Oaksterdam Dan
>>>>>Remember when companies
>>>>>Remember when companies cared about it's customers, venders, employees and R&D
CEO's
https://www.vivalazone.org/other-stuff/commercials-tv-apologizing-fuckin...
Top of Page Bottom of Page PermalinkFull Name: 19.5 Degrees
oh and no to the hitman job<<
oh and no to the hitman job<<<
Me neither, but ned DOES have principles ... even if he doesn't admit it.
John Adams surely knew something was amiss in France (re: concentration of wealth), although he didn't buy into Jefferson's "lofty ideology".
It all boils down to physics IMO ... something's got to give eventually ... either more draconian measures to keep society in line, or revolution.
Top of Page Bottom of Page PermalinkFull Name: 2 Room Shack
>>only in America do the
>>only in America do the lower and middle classes passionately look out for the interests of the richest people. <
Lol, right?
they think someday it's gonna be them?
Top of Page Bottom of Page PermalinkFull Name: 2 Room Shack
Plus they get compensated for
Plus they get compensated for driving the company into the ground.
It's astonishing
Top of Page Bottom of Page PermalinkFull Name: Charlie
The working lower and middle
The working lower and middle class are always complaining about health care cost,gas prices,inflation,blah,blah,blah.Have they ever thought for one second how the 1% are having anxiety attacks about who is going to maintain their landscape lawns,swimming,pools, tennis courts,house stables, and toilets. After Trumps throws the lazy murdering rapist over the Golden Wall paid for by Mexican .
Top of Page Bottom of Page PermalinkFull Name: New & Improved
Funny how people will crush
Funny how people will crush CEOs for their unethical salaries, yet buy a jersey of a professional athlete making the same $$$ and cheer for them. Go Kobe!!
Top of Page Bottom of Page PermalinkFull Name: Bucky Badger
>>>LOL only in America do the
>>>LOL only in America do the lower and middle classes passionately look out for the interests of the richest people
well put. it’s crazy.
Top of Page Bottom of Page PermalinkFull Name: 19.5 Degrees
Without Michael Jordan, there
Without Michael Jordan, there's no Jerry Krause; not the other way around.
Top of Page Bottom of Page PermalinkFull Name: 2 Room Shack
at least kobe plays 80-100
at least kobe plays 80-100 games a year.
what do ceo's do?