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| Post Number: 11
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Rosalind_Swenson 
Group: Members
Posts: 963
Joined: May 2011
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Posted on: Oct. 10 2012,2:40 pm |
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(Self-Banished @ Oct. 10 2012,12:11 pm)
QUOTE ^ Roz (and you know I adore you) if you find yourself working for someone and you don't think you're being treated fairly or not paid enough, go find work elsewhere. It's a wonderfully free country(at least for amlittle while longer) and if you look hard enough opportunities abound. 
SB, (and you know I adore you as well), can't you try to understand why so many are so angry about the increasing gap between the top and the bottom. Increasing, growing larger. Were American products and service inferior back when CEO pay was only 20 times more than the lowest paid workers? Were those CEO's having financial problems?
Meanwhile, CEO pay continues to escalate even as companies only slowly add to their payrolls. Despite some hiring growth, the unemployment rate remains stubbornly high at 8.3% in February. Employees are starting to see some wage growth, too. Average weekly earnings for all employees rose 2.7% in 2011, based on data from the Bureau of Labor Statistics. Real average weekly earnings, which are adjusted for inflation, though, have fallen 1.2% from the October 2010 peak through February, the latest data available.
And a closer look at the proxies filed so far shows some important overall trends, including:
•Back-to-back increases in pay. CEO pay continues its escalating trajectory. CEOs' 2% raise in 2011 follows a 27% increase in 2010, based on pay of CEOs analyzed by USA TODAY last year.
http://usatoday30.usatoday.com/money...1
Since 1978, CEO pay at American firms has risen 725 percent, more than 127 times faster than worker pay over the same time period, according to new data from the Economic Policy Institute:
From 1978 to 2011, CEO compensation increased more than 725 percent, a rise substantially greater than stock market growth and the painfully slow 5.7 percent growth in worker compensation over the same period.
In 1978, CEOs took home 26.5 times more than the average worker. They now make roughly 206 times more than workers, EPI found.
http://thinkprogress.org/economy...ker-pay
That 5 percent raise is smaller than last year’s. But it comes at a time of stubbornly high unemployment and declining wealth for many ordinary Americans. Even corporate pay experts say that this is hardly the kind of change that will quell anger over the nation’s have-a-lots by the have-lesses, particularly in an election year. ...
But Mr. Elson said that the fears of chief executives jumping ship were misplaced, while the steady rise in executive pay had damaged corporate morale, causing employees to ask, “Why should I kill myself to get a 2 percent raise if the C.E.O. is going to get a 20 percent raise?”
http://www.nytimes.com/2012...ted=all
While most U.S. households struggled to keep pace with inflation last year, the guy in the corner office did just fine. Profits at big U.S. companies broke records in 2011, and so did pay for CEOs. The head of a typical public company made $9.6 million, up 6 percent from 2010, according to an Associated Press analysis. The increase is about twice the rate of inflation. Companies trimmed cash bonuses but handed out more in stock awards. Many shareholder activists say CEO pay is exorbitant.
http://abcnews.go.com/blogs...on-rate
Median executive compensation has more than quadrupled over the last four decades, even through the financial crisis, while non-supervisory workers have seen a 10 percent decline.
Now, from new disclosures required by the Securities and Exchange Commission in corporate reports, we're learning more about what's behind these pay packages, as well as the so-called "golden parachutes" for CEOs who've been fired. One noteworthy example of those, just last week, the fired CEO of HP, Leo Apotheker, walked away with more than $13 million in severance while the company struggles.
So the gap is accelerating. It is bigger than ever. And I think the -- you know, people -- the outrage is bigger because, you know, we're in really hard times. And it's very hard for people to understand why executives, even at companies who are failing, are taking home these multi-multi-million-dollar pay packages.
http://www.pbs.org/newshour/bb/business/july-dec11/ceopay_10-04.html
"It's embarrassing that they pay their CEO 500 times what they pay their typical worker, especially if the company's performance has been mediocre," says New Jersey Sen. Robert Menendez, the provision's author.
Total direct compensation for 248 CEOs at public companies rose 2.8% last year, to a median of $10.3 million, according to an analysis by The Wall Street Journal and Hay Group. A separate AFL-CIO analysis of CEO pay across a broad sample of S&P 500 firms showed the average CEO earned 380 times more than the typical U.S. worker. In 1980, that multiple was 42.
http://online.wsj.com/article...90.html
Do you really not see the problem? Tell someone to quit their job if they are not happy. Someone has to do these jobs right? And there are fewer jobs to choose from all the time. Do you really think there isn't a problem with the growing disparity between the top and the bottom? Pass costs onto lowly workers or consumers, but don't question rising CEO pay.
QUOTE I like how the thread has turned about how much money this guy has and not about the fact he emailed his 7000 workers telling them how to vote...
Maybe if voting actually mattered....
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Government is too big and too important to be left to the politicians. Chester Bowles.
“The only thing necessary for the triumph of evil is that good men should do nothing.”
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| Post Number: 12
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| Post Number: 14
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Liberal
Group: Moderator
Posts: 9767
Joined: Aug. 2003
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Posted on: Oct. 10 2012,3:27 pm |
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Voting matters especially at the local level, if you don't participate then you shouldn't complain.
This is a pretty important election, there are 3 Supreme Court Justices that could retire during the next presidential term. If you elect a right wing religious kook expect Supreme Court decisions that allow more government intrusion into our personal lives.
I would have thought the tin foil hat group would vote democrat considering who the Commander In Chief during 9-11, and when the Patriot Act was passed.
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The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
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| Post Number: 18
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Duck Hunter
Group: Members
Posts: 169
Joined: Mar. 2007
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Posted on: Oct. 10 2012,5:58 pm |
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I never had the choice to pay my union dues, pay them or I don't have a job is the case with many. I decided to go find work elsewhere.
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| Post Number: 19
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Grinning_Dragon
rideo draconigena
Group: Members
Posts: 2601
Joined: Aug. 2003
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Posted on: Oct. 10 2012,6:12 pm |
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(grassman @ Oct. 10 2012,4:44 pm)
QUOTE
(Grinning_Dragon @ Oct. 10 2012,2:39 pm)
QUOTE #looks over to middle screen from making custom images#
Yawn.
And that is different than what union reps or any other business persuading their sheep on who to vote for, how?
#goes back to creating custom windows images# Yawning alot is a sign of lack of oxygen, pull your head out! Unions don't write the paycheck, this guy doesnd I would take it as a subliminal message at the very least, on who to vote for. Nice that you give your work your full attention.
The few unions I had the displeasure of being a part of, all told the tales of woe, if you guys do not vote for so and so, we will all be out of a job, and so and so is trying to break up unions, blah, blah, blah. One union, if some people didn't vote the union way, they were retaliated against, and never saw work again, but then again who in their right mind tells their union steward who they voted for to begin with?
As for this particular business owner he is just laying out the cold hard facts, that if the status quo does not change, he will be forced to make drastic changes and I cannot find fault in his reasoning.
Now as for me, giving my work my full attention.
I do not have to be at my desk to do my work, and most of the time, when I am either creating images or restore partition utils, or creating custom scripts, and since it takes a while for things to compile or image, etc. give me time to do what I want, hell I can even leave the building at will and come back.
My job is bank. but haters are gonna hate.
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*SIC SEMPER TYRANNIS / MOLON LABE / Se Defendendo
memoria of cado frater ,Semper fidelis
*The object of war is NOT to DIE for YOUR Country, but to make the OTHER BASTARD DIE for HIS....Patton
*Ut subsequens vires of Iugum , exsisto optimus si obama intereo ex a pectus pectoris tentatio
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| Post Number: 20
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