I feel bad for the kids graduating college nowadays.
A bachelor’s degree is about as useful as a high school diploma was 15 years ago. Straddled with high interest student loan debt, fighting for very few entry level jobs that pay less than 5 years ago (all while housing costs are still disproportionately (sp) high when compared to salaries)
Actually, it is irrelevant how many hours CEO’s put in because they are paid to create value, not to work either long or hard.
One reason that CEO pay is sometimes so out of line with what they are worth is that they are protected from shareholder wrath by rubber stamp board of directors, and state laws which grant them powers beyond the reach of shareholder votes.
For example: What should the CEO of British Petroleum be paid this year?
The indices have been testing resistance (QQQQ: 45.21) all day, and failing to break through. Maybe that will change in the last hr of trading. If so, good signal to get long.
“If a CEO can create 100’s of billions of dollars of value, as a guy like Jack Welch has done, than $25 million is chump change.’
Typically short-sighted argument. CEO’s don’t create the wealth, they direct others’ work. It wouldn’t matter anyway. This is a moral, not a purely monetary issue. No one has the right to make $22 million when they have way underpaid employees whose benefits are being cut off.
And why high taxes work…the CEO still gets his bragging rights but society gets a large chunk of the benefits.
“the hours are long (12hr+ day are super common; heavy travel). the pressure is intense. the decisions are complicated. to find a comparable job if terminated/resigned is super hard.””
Sounds like one of my past jobs. I traveled all the time. Was up working through the night, sometimes for two or three days at a time — with cat naps at a hotel room waiting for a phone to ring saying a black car was coming to fetch me back. I barely slept, I lost 30 lbs. and looked anorexic. I couldn’t eat. Had large budgets to manage for important clients. Had to make competent cost decisions at 3am after working two days straight. Working with men who tried to con me that a job was done properly when it wasn’t. Deadlines were impossible, always but you had to make them. I made $67,000.
In other words, I killed myself for that job. But, at the time, I thought that’s what you had to do.
I really don’t give a crap how much they make…only all the tax loopholes they have and idea that they should be given more. The effective taxation ends up being less than middle class workers.
What bothers me is how it is okay to make yourself and your kind richer by sucking more blood out of people that work hard, are trying to support a family and told that somehow raising minimum wage, getting health insurance, a paid vacation,etc is bad for country, economy blah blah blah.
“And why high taxes work…the CEO still gets his bragging rights but society gets a large chunk of the benefits.”
If you want a socialist system, there are many other places in the world where you can live.
High taxes do not work and most people understand that.
When it all works well, the share price goes up and many employees at many levels benefit from that.
To not have worked in a corporation that rewards its employees at all levels and say that they are ALL wrong is just not understanding any of it.
I feel bad for the kids graduating college nowadays.
A bachelor’s degree is about as useful as a high school diploma was 15 years ago. Straddled with high interest student loan debt, fighting for very few entry level jobs that pay less than 5 years ago (all while housing costs are still disproportionately (sp) high when compared to salaries)
Actually, it is irrelevant how many hours CEO’s put in because they are paid to create value, not to work either long or hard.
One reason that CEO pay is sometimes so out of line with what they are worth is that they are protected from shareholder wrath by rubber stamp board of directors, and state laws which grant them powers beyond the reach of shareholder votes.
For example: What should the CEO of British Petroleum be paid this year?
The indices have been testing resistance (QQQQ: 45.21) all day, and failing to break through. Maybe that will change in the last hr of trading. If so, good signal to get long.
“If a CEO can create 100’s of billions of dollars of value, as a guy like Jack Welch has done, than $25 million is chump change.’
Typically short-sighted argument. CEO’s don’t create the wealth, they direct others’ work. It wouldn’t matter anyway. This is a moral, not a purely monetary issue. No one has the right to make $22 million when they have way underpaid employees whose benefits are being cut off.
And why high taxes work…the CEO still gets his bragging rights but society gets a large chunk of the benefits.
cobble, and if someone said that job of yours was cushy easy gig, that would be complete BS
“the hours are long (12hr+ day are super common; heavy travel). the pressure is intense. the decisions are complicated. to find a comparable job if terminated/resigned is super hard.””
Sounds like one of my past jobs. I traveled all the time. Was up working through the night, sometimes for two or three days at a time — with cat naps at a hotel room waiting for a phone to ring saying a black car was coming to fetch me back. I barely slept, I lost 30 lbs. and looked anorexic. I couldn’t eat. Had large budgets to manage for important clients. Had to make competent cost decisions at 3am after working two days straight. Working with men who tried to con me that a job was done properly when it wasn’t. Deadlines were impossible, always but you had to make them. I made $67,000.
In other words, I killed myself for that job. But, at the time, I thought that’s what you had to do.
I really don’t give a crap how much they make…only all the tax loopholes they have and idea that they should be given more. The effective taxation ends up being less than middle class workers.
What bothers me is how it is okay to make yourself and your kind richer by sucking more blood out of people that work hard, are trying to support a family and told that somehow raising minimum wage, getting health insurance, a paid vacation,etc is bad for country, economy blah blah blah.
The compensation for CEO’s depends upon their responsibility, not the amount of hours put in.
If a CEO can create 100’s of billions of dollars of value, as a guy like Jack Welch has done, than $25 million is chump change.