The rich keep getting richer

[res0nat0r]

http://www.motherjones.com/news/exhibit/2006/05/perks_of_privilege.html

[rubyraks]

Re: The rich keep getting richer

all very true, but look at how good the economy is doing...

[KinKyJ]

Re: The rich keep getting richer

what are you resonator? a commie? if it weren't for CEO's there wasn't an economy to start with...

[rubyraks]

Re: The rich keep getting richer

so therefore the CEOs get to take all the spoils? I believe in fair compensation, even more than fair compensation, but the amount of disequality between the pay raises of CEOs and those of their workers is criminal.

[res0nat0r]

Re: The rich keep getting richer

^^no commie, im just pissed im not an exec at exxon

[KinKyJ]

Re: The rich keep getting richer

Let's just say the CEO of Sony has to study harder to become CEO, put in more hours and bears more responsability than the chump at the assembly line.

Little example to show how far that responsability goes: one of the companies I do consulting for had an accident in their factory (basicly one of the workers got squished under a 200 ton press during maintance). Even though it was blatant that the worker didn't follow the safety procedures at all AND was under the influence of drugs, the CEO was dragged in front of the court. Belgian law states that the hierachic line bears full responsability of what goes on inside a factory and should take measures to prevent shit like that happening.

So yeah, big difference in pay, but it has a reason and imo it's too simplistic to go bashing CEO's like this.

[thesightless]

Re: The rich keep getting richer

im in the boat of you earn it, you keep it. just because bill gates was a marketing genious doesnt mean he should share his money. if a CEO can jump his company up in the ranks, he should be compensated. and when companies are worth billions, then millions in pay is spot on.

[res0nat0r]

Re: The rich keep getting richer

i dont disagree with the article, more power to larry ellison and his yacht(s), if i was in their spot i would agree with you 100%. i am just jealous

[rubyraks]

Re: The rich keep getting richer

so does a CEO who loses money for their company still deserve an exorbitant salary? It's hard to argue that that CEO has earned it, he just so happens to get it because of his position in society. I've seen ridiculous bonuses for CEOs who have done nothing but lose money year after year. What the hell are they getting a bonus for?

[KinKyJ]

Re: The rich keep getting richer

so does a CEO who loses money for their company still deserve an exorbitant salary? It's hard to argue that that CEO has earned it, he just so happens to get it because of his position in society. I've seen ridiculous bonuses for CEOs who have done nothing but lose money year after year. What the hell are they getting a bonus for?

for the stupidty level of the shareholders...

[rubyraks]

Re: The rich keep getting richer

Let's just say the CEO of Sony has to study harder to become CEO, put in more hours and bears more responsability than the chump at the assembly line.

Little example to show how far that responsability goes: one of the companies I do consulting for had an accident in their factory (basicly one of the workers got squished under a 200 ton press during maintance). Even though it was blatant that the worker didn't follow the safety procedures at all AND was under the influence of drugs, the CEO was dragged in front of the court. Belgian law states that the hierachic line bears full responsability of what goes on inside a factory and should take measures to prevent shit like that happening.

So yeah, big difference in pay, but it has a reason and imo it's too simplistic to go bashing CEO's like this.

ONLY 3% OF STUDENTS at the top 146 colleges come from families in the bottom income quartile; only 10% come from the bottom half.

Is that still fair or are essentially those CEOs riding the backs of those unprivileged that don't have the same opportunities and then when they find themselves in the privileged position of CEO, they continue to take that same advantage of those below them by paying themselves more and more and the workers less and less. Kinda like the US Congress, who find it important enough to give themselves many raises over the years, yet leave minmum wages untouched. Do the congressman have any new responsibilities that warrants giving themselves more money, but none to the everyday worker?

I really hate the argument that boils down to once privileged always privileged and screw the rest, ie. it takes money to make money. It really is impossible to grow as a society as a whole if that's the way forward.

[thesightless]

Re: The rich keep getting richer

ben you need to get into market regulation law. i can see a passion there.

[KinKyJ]

Re: The rich keep getting richer

ONLY 3% OF STUDENTS at the top 146 colleges come from families in the bottom income quartile; only 10% come from the bottom half.

Is that still fair or are essentially those CEOs riding the backs of those unprivileged that don't have the same opportunities and then when they find themselves in the privileged position of CEO, they continue to take that same advantage of those below them by paying themselves more and more and the workers less and less. Kinda like the US Congress, who find it important enough to give themselves many raises over the years, yet leave minmum wages untouched. Do the congressman have any new responsibilities that warrants giving themselves more money, but none to the everyday worker?

I really hate the argument that boils down to once privileged always privileged and screw the rest, ie. it takes money to make money. It really is impossible to grow as a society as a whole if that's the way forward.

wow wow wow, now you're mixing up things imo (study opportunities and giving yourself a raise because you're in a position to do so). You have a valid point on the raises (especially concerning Congress, but that has nothing to do with business) and as of that 3%... Ye well, that's just reality. But a degree isn't a ticket to CEOness per definition. One of the largest electrical engineering companies here is owned by a guy who studied to be an electrician. But since he didn't want to settle for wiring houses for the rest of his life, he worked his ass off for his own, took a few risks and there ya go.

Btw, raising minimum wages only boosts consumption (pro) and creates slackers (contra).

[Localizer]

Re: The rich keep getting richer

Let's just say the CEO of Sony has to study harder to become CEO, put in more hours and bears more responsability than the chump at the assembly line.

Little example to show how far that responsability goes: one of the companies I do consulting for had an accident in their factory (basicly one of the workers got squished under a 200 ton press during maintance). Even though it was blatant that the worker didn't follow the safety procedures at all AND was under the influence of drugs, the CEO was dragged in front of the court. Belgian law states that the hierachic line bears full responsability of what goes on inside a factory and should take measures to prevent shit like that happening.

So yeah, big difference in pay, but it has a reason and imo it's too simplistic to go bashing CEO's like this.

the game of kiss-ass requires no education, just experience. Most of the CEO's probably have nothing more than a bachelor's. Knowing how to manipulate situations is vital in the business world.

[KinKyJ]

Re: The rich keep getting richer

the game of kiss-ass requires no education, just experience. Most of the CEO's probably have nothing more than a bachelor's. Knowing how to manipulate situations is vital in the business world.

No offence, but how much experience do you have in the "business world"? Judging from your post very little I'd say...