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In the final analysis, executives are just working stiffs. No more, no less. They don't invent, they don't create, they aren't entrepreneurs. They are just hired hands.
There should be a maximum wage. It can be high. Say $3 million a year. That's it.
If they want more, they can go work overseas. Oops!, they pay less.
And McCain-enomics wil be even worse. McCrazy admits he doesn't understand it himself.
In America, the CEOs never blame themselves for bad results, they just fire people to satisfy Wall Street for a week or two. The UBS chairman stepped down himself saying the current losses were due to him. That's refreshing, I just wished it happened in the US more. Instead we are stuck with the Ken Lays of the world. America - where greed is king.
The NYT story seems to cast the inequities these salaries represent in a timeless space that somehow mitigates the unprecedented and intentional abandonment of any fair practice and justice in the marketplace that accelerated post haste following the corrupted legislation of the last many years of Republican misrule.
Leaders, business or otherwise, often forget, as an increasingly hobbled press might tend to reinforce, that viewers absorb any video's entire gestalt and not merely its intended one-directional storyline.
I'd like to see our (ahem!) responsible press report on the earnings of various punditry from speaking engagements, books, TV appearances and salaries along with the various business and political econo gluttony.
American Heritage Dictionary
hoi pol·loi Audio Help (hoi' pə-loi')
n. The common people; the masses.
[Greek, the many : hoi, nominative pl. of ho, the; see so- in Indo-European roots + polloi, nominative pl. of polus, many; see pelə-1 in Indo-European roots.]
If memory serves you’ve misunderstood comments before…why don’t you try thinking first before you embarrass yourself with grade school attempts at ridicule.
I propose that is inimical to the best interests of civil society. I suggest that just as there are tax breaks, credits and incentives given on the way into job creation, so should there be penalties and paybacks for job that were created with this many incentives and then destroyed.
By teaching business that there are consequences for their actions, just as there are rewards, perhaps we can stem the bleeding.
In Oregon, Clinton Makes False Claim About Her Iraq Record Vs. Obama's
April 06, 2008 9:49 AM
In Eugene, Ore., Saturday. Sen. Hillary Clinton, D-N.Y., attempted to change the measure by which anyone might assess who criticized the Iraq war first, her or Sen. Barack Obama, D-Ill., by saying those keeping records should start in January 2005, when Obama joined the Senate. (A measure that conveniently avoids her October 2002 vote to authorize use of force against Iraq at a time that Obama was speaking out against the war.) She claimed that using that measure, she criticized the war in Iraq before Obama did.
But Clinton's claim was false.
http://blogs.abcnews.com/politicalpunch/2008/04...
She cannot be allowed to be President.
Rip the heads off rich people and shit down their necks.
It will come to this, mark my words.
You can count on it the fascist republicons will be helping out their friends to loot the taxpayers right up until the moment Dubya and Laura are loading up the pickup for the drive back to Texas.
Glad to see you also posted this. I think it is important, another Clinton falsehood OR at the very least trying desperately to rewrite her history. Why? Is this all she can do--mislead, mispeak, mishear and misunderstand. Surely these qualities are not ones that can guide this nation into and through change.
A CEO has a lot of control over a corporation and how it functions. He or she may have to be willing to fight tradition and board members, yet must be willing to fight the internal pull to serve the self.
When one's need to serve oneself collides with one's need to serve the long-term benefits for one's community, only a strong character can choose the latter. That is why accountability was invented. Government was supposed to be a way to more objectively exercise that accountability. Corporations were set up to be individual entities that were immortal, but they can still be held accountable.
We have allowed too many of our accountability entities to become enmeshed with our corporate entities. Creativity and freedom are important, even in business, but they have been allowed to become too self-serving in the pursuit of short-term financial gains.
Entertaining but not journalism.
Joseph Trevisani