Time to address CEO wages

Time to address CEO wages

Posted in the Utica Forum

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justice

Rome, NY

#1 Aug 6, 2014
CEO's in the our country make on average 281x more income than it's workers.
Truth

Utica, NY

#3 Aug 6, 2014
justice wrote:
CEO's in the our country make on average 281x more income than it's workers.
How is it you feel that anyone besides the board of directors and stock holders of a company has the right to say anything about CEO compensation or the compensation for any employee of a private sector business.

It's not your money. It belongs to those who earned it. What part of that do you not get?

Do you not realize that it's attitudes like yours that make businesses want to move outside the U.S. where they can keep more of what they earn?

If a business breaks a law then take the appropriate action but if they are making money in accordance with the law then leave them alone and let them spend it the way they want.
stockmarketdoesn thelpus

Rome, NY

#4 Aug 6, 2014
Truth wrote:
<quoted text>
How is it you feel that anyone besides the board of directors and stock holders of a company has the right to say anything about CEO compensation or the compensation for any employee of a private sector business.
It's not your money. It belongs to those who earned it. What part of that do you not get?
Do you not realize that it's attitudes like yours that make businesses want to move outside the U.S. where they can keep more of what they earn?
If a business breaks a law then take the appropriate action but if they are making money in accordance with the law then leave them alone and let them spend it the way they want.
My points are the laws should change, and also that they do not spend even close to all that money. That's the problem. Average Americans would spend the money. Hence boost the economy. Rising Stock "values" do not help the economy.
Truth

Utica, NY

#5 Aug 6, 2014
You are in the wrong country if you think that government at any level should be able to legislate the compensation for CEOs.

A much better approach would be to lower taxes and let people keep more of what they earn. Pull back on regulations that make doing business more difficult and more expensive. Do away with all public sector unions that drive taxes up across the board.

CEOs and successful businesses make an easy target because they have wealth. Stop thinking of them as an ATM to finance your idea of social justice. Instead of trying to steal from them why not try to emulate them and use the profits of your business to fund what you think is fair? That's what the guy who started Progressive Insurance did(does). That's what George Soros does. That's what the Kennedys do.
wake up

Utica, NY

#6 Aug 6, 2014
Why don't you do or cry about Time Warner.

They post scam prices that only last a year, who only has cable for a year, most people have it for life like water.

Also how is it they can offer 3Mbps at $40, but 15Mbps at $50

Why is there no 8Mbps, 10,Mbps.

The scam to get people to buy the 15.

Then during the year they throttle your speed.

Almost every time I fix a PC, I find that they are only getting 1Mbps Up when they should get 2 up.

Down they are at 14, 14.5.

Crooks
Theres always exceptions

Herkimer, NY

#7 Aug 13, 2014
Truth wrote:
<quoted text>
How is it you feel that anyone besides the board of directors and stock holders of a company has the right to say anything about CEO compensation or the compensation for any employee of a private sector business.
It's not your money. It belongs to those who earned it. What part of that do you not get?
Do you not realize that it's attitudes like yours that make businesses want to move outside the U.S. where they can keep more of what they earn?
If a business breaks a law then take the appropriate action but if they are making money in accordance with the law then leave them alone and let them spend it the way they want.
Take a look at the auto industry. The American taxpayers had to bail them out and for what? So the CEO's wouldn't have to take a "pay cut". And they still continued to produce "death traps" because a 3 dollar part is "too expensive". I agree that for a lot of businesses, it isn't anyone else's money and it does belong to those who earned it, but when they look for handouts from the taxpayers, there should be accountability without excessive CEO payouts.
Truth

Utica, NY

#8 Aug 13, 2014
Theres always exceptions wrote:
<quoted text>Take a look at the auto industry. The American taxpayers had to bail them out and for what? So the CEO's wouldn't have to take a "pay cut". And they still continued to produce "death traps" because a 3 dollar part is "too expensive". I agree that for a lot of businesses, it isn't anyone else's money and it does belong to those who earned it, but when they look for handouts from the taxpayers, there should be accountability without excessive CEO payouts.
Make no mistake. The taxpayers bailed out the UAW(the union), not the CEOs. All three U.S. auto manufacturers made massive cuts to their white collar workforces as well as dealers in order to prop up the union. If memory serves the at least two of the three CEOs took a drastic reduction in salary as well as giving up stock options.

Foreign car manufacturers operating in the U.S. did not take bailout money. They do not have unions.

How much a CEO earns is determined by a board of directors who are responsible to stock holders. If a CEO isn't worth what he/she makes in the eyes of investors then they won't invest. The amount a CEO makes should be determined this way and not by government or by people like you who think they should be the arbiter of what is fair and what is not. If you want a system that works that way China, Russia, Cuba or Venezuela are probably your best bet.
met

Whitesboro, NY

#9 Aug 13, 2014
CEO's are pieces of $hit and should NOT make that kind of money. The one I work for, good thing his wife and I are good friends, or I would be real pissed.
Truth

Utica, NY

#10 Aug 13, 2014
met wrote:
CEO's are pieces of $hit and should NOT make that kind of money. The one I work for, good thing his wife and I are good friends, or I would be real pissed.
Who should get to decide how much a CEO makes?
Target

Clifton Park, NY

#11 Aug 13, 2014
Truth wrote:
<quoted text>
Make no mistake. The taxpayers bailed out the UAW(the union), not the CEOs. All three U.S. auto manufacturers made massive cuts to their white collar workforces as well as dealers in order to prop up the union. If memory serves the at least two of the three CEOs took a drastic reduction in salary as well as giving up stock options.
Foreign car manufacturers operating in the U.S. did not take bailout money. They do not have unions.
How much a CEO earns is determined by a board of directors who are responsible to stock holders. If a CEO isn't worth what he/she makes in the eyes of investors then they won't invest. The amount a CEO makes should be determined this way and not by government or by people like you who think they should be the arbiter of what is fair and what is not. If you want a system that works that way China, Russia, Cuba or Venezuela are probably your best bet.
Spot on.
PEACE

Rome, NY

#12 Aug 13, 2014
Truth wrote:
<quoted text>
Who should get to decide how much a CEO makes?
Without unions who will decide what workers earn. My old boss always used to say "thing are the way they are because of the do gooders" Back then I assumed he was taking a cheap shot. Blaming the environmentalists. But now I think maybe the so called do gooders are the people keeping 47million Americans in poverty, The people who think we are a better people if 1 in 6 children go hungry today, the people who think that killing roughly 4% of Iraqs population is a good thing. If all that you want TRUTH is to keep people from being able to buy property, and build houses for the sake of sparing at least some of our beautiful land scape. Then say so. If war is you're way of controlling the population. Then say so. One things for sure. You Truth are starting to look like the do gooder. And It doesn't look good!
Smoke Some More

Clifton Park, NY

#13 Aug 13, 2014
PEACE wrote:
<quoted text>
Without unions who will decide what workers earn. My old boss always used to say "thing are the way they are because of the do gooders" Back then I assumed he was taking a cheap shot. Blaming the environmentalists. But now I think maybe the so called do gooders are the people keeping 47million Americans in poverty, The people who think we are a better people if 1 in 6 children go hungry today, the people who think that killing roughly 4% of Iraqs population is a good thing. If all that you want TRUTH is to keep people from being able to buy property, and build houses for the sake of sparing at least some of our beautiful land scape. Then say so. If war is you're way of controlling the population. Then say so. One things for sure. You Truth are starting to look like the do gooder. And It doesn't look good!
Either you need more drugs or less but whatever you're on right now isn't working too well for you.
Tom Payne

Whitesboro, NY

#14 Aug 13, 2014
First question. Who will make the decision on what people make? Government bureaucrats? Really trustworthy. IRS? People the likes of Lois Lerner? I think they have a name for that. It is called collectivism, socialism or communism. Take your pick. Your not entitled for a free your whole life.
Truth

Utica, NY

#17 Aug 13, 2014
PEACE wrote:
<quoted text>
Without unions who will decide what workers earn. My old boss always used to say "thing are the way they are because of the do gooders" Back then I assumed he was taking a cheap shot. Blaming the environmentalists. But now I think maybe the so called do gooders are the people keeping 47million Americans in poverty, The people who think we are a better people if 1 in 6 children go hungry today, the people who think that killing roughly 4% of Iraqs population is a good thing. If all that you want TRUTH is to keep people from being able to buy property, and build houses for the sake of sparing at least some of our beautiful land scape. Then say so. If war is you're way of controlling the population. Then say so. One things for sure. You Truth are starting to look like the do gooder. And It doesn't look good!
I think the free market should decide what workers earn. I think the compensation for any job should be the least amount that the most qualified candidate is willing to take to do the job. The compensation should not be artificially inflated because of a union demand or what someone thinks is "fair". Much of the private sector operates fine without unions.

According to the U.S.. Census Bureau slightly more than 16% of Americans live in poverty. Not 47%.

I have heard a few commercials that cite the 1 in 6 children hungry number. Just from a common sense standpoint it seemed like it couldn't be true so I looked into it. Actually they used to use 1 in 5. That's what the standard line was when I looked it up. Turns out it's a bunch of baloney. Please have a look at this article if you are interested in the truth. My guess is that if you re a thinking person(as opposed to a lemming that hears statistics like this and parrots them without checking) you may decide that you won't use it any more.

http://www.forbes.com/sites/paulroderickgrego...

Its the supposed do-gooders that run the misinformation campaigns that you've swallowed hook, line and sinker. Do a little reading before you post nonsense like you have.

Level 6

Since: Nov 10

Location hidden

#18 Aug 13, 2014
I think people should be allowed to decide for themselves how much money they want to make. If you want to make minimum wage, don’t worry about things education or personal appearance and apply for jobs that anyone can do. If you want to make a little bit more than that, graduate high school and take whatever is offered you. Don’t worry about working hard; just put your time in. If you want to make a decent living you might have to work hard, learn a trade, make some effort and try to improve yourself. If you want to make “the big buck”, go to college, get a Master’s Degree (or more) in a marketable field, start at the bottom, work hard, show initiative and do what is needed to work your way up the ladder.

The other alternative is to sit back, whine and complain about how life isn’t fair, bitch about the people who did what it takes to succeed and wait for someone to hand it to you.

Remember, life isn’t always fair, but it helps if you play be the rules. The main rule is - you only get out of it what you put into it.
PEACE 4 TRUTH

Rome, NY

#19 Aug 13, 2014
Truth this is from the United States Census Bureau The data presented here are from the Current Population Survey (CPS), 2013 Annual Social and Economic Supplement (ASEC), the source of official poverty estimates. The CPS ASEC is a sample survey of approximately 100,000 household nationwide. These data reflect conditions in calendar year 2012.
•In 2012, the official poverty rate was 15.0 percent. There were 46.5 million people in poverty.
•For the second consecutive year, neither the official poverty rate nor the number of people in poverty at the national level were statistically different from the previous year’s estimates.
•The 2012 poverty rate was 2.5 percentage points higher than in 2007, the year before the most recent recession.
•In 2012, the poverty rate for people living in the West was statistically lower than the 2011 estimate.
• For most groups, the number of people in poverty did not show a statistically significant change. However, between 2011 and 2012, the number of people in poverty did increase for people aged 65 and older, people living in the South, and people living outside metropolitan statistical areas.
•The poverty rate in 2012 for chil­dren under age 18 was 21.8 per­cent. The poverty rate for people aged 18 to 64 was 13.7 percent, while the rate for people aged 65 and older was 9.1 percent. None of these poverty rates were statistically different from their 2011 estimates

PEACE 4 TRUTH

Rome, NY

#20 Aug 13, 2014
Truth this is from the Washington Post

But the truly eye-popping number in EPI’s study isn’t how much exponentially more CEOs make than their rank-and-file employees. It’s how exponentially their salaries have grown. Average CEO compensation, according to EPI’s calculations, rose 726.7 percent between the years of 1978 and 2011 — more than double the percentage increase in the Standard & Poor’s 500-stock index. Meanwhile, pay for the average private-sector nonsupervisory worker rose a startlingly meager 5.7 percent.(Check out the full explanation of EPI’s methodology and data.)

Carter, Reagan, Bush sr., Clinton, Bush Jr. NAFTA, Tax Breaks for billionaires, and look what we are left with
Hard Work

Clifton Park, NY

#21 Aug 13, 2014
PEACE 4 TRUTH wrote:
Truth this is from the United States Census Bureau The data presented here are from the Current Population Survey (CPS), 2013 Annual Social and Economic Supplement (ASEC), the source of official poverty estimates. The CPS ASEC is a sample survey of approximately 100,000 household nationwide. These data reflect conditions in calendar year 2012.
•In 2012, the official poverty rate was 15.0 percent. There were 46.5 million people in poverty.
•For the second consecutive year, neither the official poverty rate nor the number of people in poverty at the national level were statistically different from the previous year’s estimates.
•The 2012 poverty rate was 2.5 percentage points higher than in 2007, the year before the most recent recession.
•In 2012, the poverty rate for people living in the West was statistically lower than the 2011 estimate.
• For most groups, the number of people in poverty did not show a statistically significant change. However, between 2011 and 2012, the number of people in poverty did increase for people aged 65 and older, people living in the South, and people living outside metropolitan statistical areas.
•The poverty rate in 2012 for chil­dren under age 18 was 21.8 per­cent. The poverty rate for people aged 18 to 64 was 13.7 percent, while the rate for people aged 65 and older was 9.1 percent. None of these poverty rates were statistically different from their 2011 estimates
If you want to earn more...work harder. If you're concerned about the poverty rate...donate YOUR money, possessions, or time. Novel idea isn't it?
PEACE 4 TRUTH

Rome, NY

#22 Aug 13, 2014
Hard Work wrote:
<quoted text>
If you want to earn more...work harder. If you're concerned about the poverty rate...donate YOUR money, possessions, or time. Novel idea isn't it?
obviously you are missing my point. America as a whole is the richest country in the world. Our parents, grandparents, great grandparents. etc. fought for equal pay, equal rights, and justice. Now today in 2014 a few very, very wealthy people are going to undo all of that? Nonsense!
PEACE 4 TRUTH

Rome, NY

#23 Aug 13, 2014
Truth. Here is some more reading from the census bureau if you're interested.

http://frac.org/census-bureau-releases-new-po... .

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