The Institute for Policy Studies (IPS) released its annual report on executive compensation today — “CEO Pay and the Great Recession.” “I’m afraid that this year’s report will raise just about everybody’s blood pressure,” lead author Sarah Anderson said. Indeed, the report found that “CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis took home nearly $12 million on average in 2009.” Those CEOs’ combined compensation totaled $598 million, while at the same time, their companies eliminated 531,363 jobs despite reporting a 44 percent average profit increase for 2009.
More staggering is the level of executive pay, according to IPS:
[A]fter adjusting for inflation, CEO pay in 2009 more than doubled the CEO pay average for the decade of the 1990s, more than quadrupled the CEO pay average for the 1980s, and ran approximately eight times the CEO average for all the decades of the mid-20th century.
American workers, by contrast, are taking home less in real weekly wages than they took home in the 1970s.
The Kansas City Star took a closer look at some of the CEOs and companies in IPS’s report:
Fred Hassan, former CEO of Schering-Plough, presided over announced layoffs affecting 16,000 workers after a 2009 merger with Merck. He resigned after the merger, receiving “golden parachute” compensation in 2009 of more than $49.6 million to rank as the highest-paid layoff leader.
The top five companies announcing the most layoffs for the study period were General Motors (75,733); Citigroup (52,175); Bank of America (35,000); Caterpillar (27,499) and Verizon (21,308). Among those top five, the biggest compensation package — nearly $17.5 million — went to Ivan Seidenberg, CEO of Verizon.
According to IPS, American CEOs make 263 times the average compensation for American workers, up from the 30 to 1 ratio in the 1970s. For comparison, the average compensation of a Japanese CEO is less than one-sixth that of their American counterpart and 16 times more than the average Japanese worker.
But on top of the lavish CEO pay at the expense of the American worker, many of these top-layoff firms received money from the taxpayer bailouts in 2008. Of these, IPS notes, “American Express CEO Kenneth Chenault took home the highest 2009 pay, $16.8 million, a sum that included a $5 million cash bonus. American Express has laid off 4,000 employees since receiving $3.39 billion in TARP funding.”
“These numbers all reflect a broader trend in Great Recession-era Corporate America,” the IPS report says, “the relentless squeezing of worker jobs, pay and benefits to boost corporate earnings and maintain corporate executive paychecks at their recent bloated levels.”
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but,
since they’ll pay less in taxes on those millions,
they’ll be creating more new jobs,
right?
September 1st, 2010 at 12:00 pmThis comment has been voted down. Click to read.
There is all-out class warfare abroad in this land–while the Repugnicans cry “class war!” when you tax them, there has been an unending assault upon the middle class and poor under every Republican administration in my lifetime and too many wealthy or would-be wealthy Democrats are too willing fairness!to go along and not fight for
September 1st, 2010 at 12:03 pmThis has got to end. The future of our Country hangs in the balance. The Ultra Wealthy have completely took over our government, our small businesses. Soon we will be a third world Country. We are going the way of Rome.
September 1st, 2010 at 12:03 pmIt’s organized crime.
In the meantime, the little teabagger Kochsuckers will deem this situation the will of God.
Jesus smile on the virtuous, and he makes them extremely wealthy.
September 1st, 2010 at 12:03 pmThis comment has been voted down. Click to read.
This will never be seen on any right-wing media websites or news broadcasts and that is sad. But that is the way that the GOP et al are managing their news cycle, never report on anything that would counter the “blame the Obama” meme.
September 1st, 2010 at 12:04 pmThis nation is already a third-world country, and the situation will only worsen.
September 1st, 2010 at 12:05 pmI am shocked! Ever hear of the Peter Principle? Works all the way to the top.
September 1st, 2010 at 12:07 pmOT
I saw Cenk on MSNBC yesterday — he needs a show of his own!
For those who missed it –
September 1st, 2010 at 12:08 pmhttp://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385×500587
Some of our biggest problems now are linked to the economy.
Looking at the success of the stimulus package, looking at the problems caused when FDR halted govt stimulus prematurely,
I wonder what would happen if the CEOs salaries were decreased to a mere 100 times that of the line workers and the money were put into jobs.
September 1st, 2010 at 12:09 pmEnd the tax cuts for these fatcat scumbags now!
September 1st, 2010 at 12:09 pmThis comment has been voted down. Click to read.
And if that wasn’t enough, companies like American Express jacked up their interest rates on their cards, just to extract a little more for themselves.
What does a CEO do? Would really like to know the details of their day-to-day work.
September 1st, 2010 at 12:09 pmPatriots – all of them.
September 1st, 2010 at 12:10 pmThis third-world situation is what Kochsuckers like Seopad have supported.
These little teabaggers are retards and shit-for-brains.
September 1st, 2010 at 12:10 pmThat’s the way it works in capitalism. Profits are more important than people.
September 1st, 2010 at 12:10 pmThis is indeed class warfare — but we have awakened too late — the rich control everything: government, media, banks, Wall Street and jobs.
September 1st, 2010 at 12:12 pmTheir long-term, well-executed, anti-American “me first – to hell with you” attitude was insidious; it crept in along the edges, and now the general public is trapped in the middle, being squeezed into oblivion.
An activist military with no civilian restraint and a muscular suppressive religion are hallmarks of third-world dictatorships.
These are the conditions for which the repiggies and their teabagger demon spawn strive.
September 1st, 2010 at 12:12 pmseopad says:
——————————————————————————–
evangenital says:
This nation is already a third-world country, and the situation will only worsen.
Isn’t that what you libtard progressives want?
September 1st, 2010 at 12:09 pm
As opposed to completely destroying the nation like you cancervative suckholes , fu(ktard ?
September 1st, 2010 at 12:13 pmI notice the troll is dying for attention. I guess it is lonely being an unloved, bitter troll.
September 1st, 2010 at 12:13 pmNaomi Klein foretold this in “Shock Doctrine” but even then, it was too late for efforts to stop this before it became extremely painful.
September 1st, 2010 at 12:16 pmThis is Milton Friedman economics in action. Reagan’s “trickle down” theory is indeed – “piss on you.”
It’s Wednesday, September1, and Sarah Palin is still a moron.
September 1st, 2010 at 12:16 pmYes, our pathetic troll must satisfy himself with his VDs on thios thread because he is so hopelessly ignorant of facts and in denial of truths.
September 1st, 2010 at 12:17 pmThe system is set up for the CEOs to win no matter what the cost is!
The SYSTEM must change because the sociopath CEOs will not.
Since the Reagan days the tax policy has favored the rich, allowing them to take more and more from corporations with out really having to pay for it. These Corporatists then go out a praise the “productivity” of the American worker – forced productivity because if people are not putting in free overtime, they are fired and someone who will is brought in.
Companies must be persuaded to start hiring again and hiring at good wages. The only way to do this is through tax policy change. Simply lowering taxes on the rich, or on corporations will not cause more jobs to suddenly appear. Jobs are not CREATED, the market will only hire the minimum number of employees required, based on a cost/benefit analysis. We must make it more beneficial to hire more people than it is to lay them off… We know they would rather give money to workers than pay it in taxes so some of the policies that will help are:
- Do not allow tax breaks on any part of a wage that is more than 40 times the lowest paid worker in the company (the average pre Reagan).
- Tax “Stock Options” as wages
- Tax Bonuses as wages
- Give LARGE tax breaks to all employees earning between $50,000 and $150,000
- Have employers pay an equal tax for all employees earning under double the poverty line.
- Give tax breaks for companies whose full time staff is more than triple it’s part time staff
- Give Large tax breaks for companies who do not have part time workers working more 25hrs/week
- Tax all non-earned income higher than earned income (since Americans are proud of their work ethic they should pay less tax on money they EARN than on money that is invested/gambled)
Until it is financially beneficial to hire more workers rather than pay the CEO more and have the workers DO more things just won’t change.
September 1st, 2010 at 12:18 pmThis comment has been voted down. Click to read.
And to think some of these GOP fcukheads actually have the gall to complain about minimum wage going up, and having to pay their employees a living wage. WTF? Fcuk these guys, seriously…
September 1st, 2010 at 12:19 pmHows that trickle down-y thingy goin for ya, righties?
September 1st, 2010 at 12:22 pmseopad says:
——————————————————————————–
evangenital says:
It’s Wednesday, September1, and Sarah Palin is still a moron.
Look Sarah Palin….
September 1st, 2010 at 12:18 pm
No thanks ; galactic stupidity only appeals to other similarly brainless and useless cancervatives ……..Like you , jackass
September 1st, 2010 at 12:23 pmNo surprises.
There is a trend happening in the USA. Since the lay offs of 2008 and 2009, many companies remained productive with less workers. They aren’t going to hire more workers now.
I saw this coming back in the mid 2000’s. The big thing in the manufacturing world was running “lean”. Less workers, more production. Stream line assembly lines, cross train…it wasn’t to give the employee more valuable skills, it was to prepare for rounds of lay offs and running lean.
September 1st, 2010 at 12:23 pmSomeone gets a Boehner over Sarah Palin.
Typical teabagger….
They vote for her recently augmented boobies.
September 1st, 2010 at 12:23 pmAnd to think I come from a background where this is seen as ok, if not great because the “ceos provide jobs”..This is outrageous!
September 1st, 2010 at 12:24 pmSeopad dreams of being Sarah Palin’s Maxipad.
September 1st, 2010 at 12:24 pmseopad says:
Isn’t that what you libtard progressives want?
Actually, what I want right now is for everyone here to enjoy life without the pressures of greed (a deadly sin, is it not?)interfering in daily activities.
That includes you, my friend.
September 1st, 2010 at 12:25 pmThe GOP, the two big to fail banks, corporate America and the US Chamber of Commerce along with State Chamber of Commerce are all in collusion to keep unemployment high and job creation low.
This will benefit the GOP who could regain the majority (won’t happen) which means they will reward those who colluded with them by returning to deregulation, corporate welfare and tax cuts for the wealthiest Americans.
September 1st, 2010 at 12:26 pmHaha firing people is profitable now!
September 1st, 2010 at 12:27 pmExpect the firings to continue until it’s one guy getting paid 35,000 a year to do all the work, and a CEO to make 34 million dollars a year to take month long vacations.
seopud is vying for the dumbest troll honors this week.
September 1st, 2010 at 12:28 pmthey’re just about there now, meatball.
in the not too distant future there will only be Executives-who-used-to-be-salesmen, Salesmen,
and peons.
September 1st, 2010 at 12:31 pmIf socialists are guilty of taking some CEO pay and giving it to people that really earn it; color me a socialist.
September 1st, 2010 at 12:32 pmI don’t think anyone knows. I always hear that they must be paid vast sums in order to attract those with “talent”. No one ever explains what this “talent” is. Maybe they can tap dance, or hit home runs. I don’t know.
September 1st, 2010 at 12:32 pmI have to laugh – I used the same pic as the one up top for a post on my ‘old’ blog last January:
Corporations are people too!
But, more importantly, yes, the more people they lay off the more the executives get rewarded it would seem. Sick.
September 1st, 2010 at 12:33 pmgo on vacation and suck up to bankers.
usually simultaneously.
September 1st, 2010 at 12:33 pmi used to work in the corporate affairs department of a fairly large brand company,
i’ve seen the contracts execs “work” under,
and all the rest of the behind-the-scenes reality of the golden parachute crowd.
it would shock the average wage-earner.
September 1st, 2010 at 12:39 pmThis is exponentially sickening.
Hey teabags. Are you upset about this?
September 1st, 2010 at 12:40 pmAmerican greed and capitalism at it’s finest.
September 1st, 2010 at 12:42 pmPeople all over the world use the U.S. as an example of unbridled corporatism, and they draw lessons on how to safeguard their societies from well-capitalized crooks.
September 1st, 2010 at 12:45 pmselfish is good -= ayn rand – czarist =-
September 1st, 2010 at 12:45 pmThe beat goes on, and in familiar fashion:
So wrote Benito Mussolini nearly 90 years ago.
In America today, in the eyes of the far right wing, those precepts are the root of their philosophy which is the merger of corporate and state power to become the governing entity, and to hell with the wants/needs of the individual. The individual is expendable for the glory of the rich and powerful.
What’s next? Strike the words “We the people” and the balance of the Preamble from the Constitution, then burn the rest of it in systematic fashion?
Things are not looking good here in Amurka. Not for anyone who is neither rich, powerful, or both.
September 1st, 2010 at 12:46 pmseopad – useful idiot and dupe of the corporate agenda…I doubt he makes enough to actually have benefited from Bush’s tax cuts to the extent he shills for the elitists…
September 1st, 2010 at 12:47 pmThey shouldn’t be called CEO’s, they should be called rapists. They are the very reason why we pay $20.00 to go see a movie, or $30,000 for a new vehicle, or $200.00 a month to have a cell phone. Their decisions will be the demise of America because no one benefits from their greed. We need a CEO tax.
September 1st, 2010 at 12:47 pmwisdomofwords says:
This is exponentially sickening.
Hey teabags. Are you upset about this?
I’m thinking that they are waiting for Dick Armey and his Corporation to tell them what to think.
September 1st, 2010 at 12:48 pmbut you never know…he might claim to have a Ph.D in whatever…just like “dr”moto
September 1st, 2010 at 12:48 pmconservativism only applies to the other guy.
/ayn rand
September 1st, 2010 at 12:49 pmYeah, notice the trolls, conservatives, and corporate shills never pontificate about personal responsibility and “rewarding failure…” when it comes to CEOs who drive their companies to the ground and walk away with a personal bailout…
September 1st, 2010 at 12:49 pmPIGS!!
September 1st, 2010 at 12:49 pmThese health-care CEO’s are the reason so many of us must pay 800.00 every two months for health insurance.
Money that should be paying for medical operations for subscribers is instead paying for more real estate, luxury vehicles, planes and fine dining for these crooks.
September 1st, 2010 at 12:50 pmCan’t american corporations just offshore the CEO jobs to Japan? It seems Japanese CEOs provide better value, and it fits the business model of many large corporations.
September 1st, 2010 at 12:51 pmDisturbing.
September 1st, 2010 at 12:52 pmWALL STREET THE MOVIE IN REAL LIFE AS ” GREED IS GOOD”
September 1st, 2010 at 12:53 pmyeh offshore the ceo jobs to a sweatshoo in the mariannas delays petri dish of exploitation.
September 1st, 2010 at 12:56 pmLook, it’s rational, from their perspective, for CEOs to rape the company for as much as they can get. They’re not gonna care about the workers beneath them nor the broader economy of the nation.
We can’t expect them to. So what the government must do is set up the rules of the game so that the best interests of the nation are served. That means a wider distribution of generated wealth to support as large a middle class as possible, since the middle class is where the buying power is concentrated.
Tax policy is a sensible way to affect these aims, since a higher corporate tax rate actually makes it more appealing to hire and expand than to take profits. Business are taxed on profits which is revenue minus expenses. If a company posts larger expenses (salary, wages, facility expansion, new equipment) than they have in revenue, they pay no tax. Thus it makes more sense to pay people more and invest in new infrastructure than to squirrel it away as cash reserves or hand it over to the CEO as a bonus.
A lot of people on the left try to make a moral argument against greed and against outsized CEO compensation. I think this is a mistake, as it’s too easy to push back against a moral argument.
The better tack in my view is to present it as a practical issue; a widening gap between rich and poor, to which conservative policies inevitably lead, is unhealthy for the nation’s economy. It’s that simple.
September 1st, 2010 at 12:56 pmgreed is an exclusionary good. -=ayn rant=-
September 1st, 2010 at 12:57 pmand the righties crow about how we need political leadership “with executive experience”…
somehow, i don’t think that’s a sound, or a conservative, idea.
September 1st, 2010 at 12:57 pmThis comment has been voted down. Click to read.
america needs more exclusionary exceptionalism to create a penal colony class of communal christians preaching voluntary poverty -=ayn rant=-
September 1st, 2010 at 12:59 pmThese guys are undoubtedly the ones who are donating to Repubs/lobbyists who are demanding that tax cuts to the obscenely rich get extended. Shouldn’t teabaggers be up in arms (figuratively, I hope) denouncing these creeps? Oh, wait, these creeps are Repubs/conservatives.
September 1st, 2010 at 12:59 pm– - OT – - Sarah Palin Profile Reveals Her Facebook Ghostwriter And Spendthrift Ways
Money quote: A onetime gubernatorial aide to Palin says, “The people who have worked for her–they’re broken, used, stepped on, down in the dust.”
“She’s earned $13 million since the 2008 presidential race that shoved her onto the national stage, but Sarah Palin apparently is a crappy tipper. A new Vanity Fair profile of the former Alaska governor paints a picture of a woman who has skyrocketed to success — stepping on staff, friends and family along the way — but who is so deeply concerned about controlling her public persona that she hired a friendly blogger to write her much-ballyhooed Facebook posts.”
http://www.vanityfair.com/politics/features/2010/10/sarah-palin-201010?currentPage=all
September 1st, 2010 at 1:00 pmYou will notice that right-wingers like to throw around the word “fascist” when describing progressives, or socialists. In doing so, they completely contradict the words of Benito Mussolini. They will never even acknowledge that he invented fascism, because he describes their very ideaology.
September 1st, 2010 at 1:00 pmThe stupid trolls actually believe that if there is no government regulation, we’ll return to a golden era where corporations will do the right thing, promote people over profits, and actually show concern for being socially responsible…as if all the bullsh1t that goes on is a protest against government regulation…
If it weren’t for that meddling regulation, we would
September 1st, 2010 at 1:01 pmhave gotten away with itnot have tainted spinach, workers dying on the job…etc.The trolls throw away word around without knowing its significance…That’s how they can call us Fascists in one breath, socialists in another, Nazis in yet another…
September 1st, 2010 at 1:02 pmword after word*
September 1st, 2010 at 1:02 pm… and he’s donated about equally to Republicans. Including Jim Demint, Mitch McConnell, Ted Stevens and John McCain.
Guess it didn’t matter to him who was in office, just as long as they owed him.
September 1st, 2010 at 1:04 pmdoesnt surprise me that folks such as tabarin tundra feel a need to hire people to facebook, blog, write books or tweet for them to further inflate their egos.
September 1st, 2010 at 1:05 pmwildweasel says:
Since the democrats have controlled congress – 4 years – and you’ve gotten a democrat in the WH – 1.5 years, all you’ve advocated is rewards for failure. So why does this bother you, hypocrites?
Why do you think TP is still reporting it?
There are things that progressives want fixed, no matter who the President may be, and that includes the incorporation of greed in the system.
Why aren’t you bothered by this?
September 1st, 2010 at 1:06 pmCEOs of large, publicly traded companies are way over-compensated. They do not “earn” what they are given, they steal it with the help of their “executive compensation boards”.
Someone can correct me if I am wrong, but I thought I had heard that in Japan, the CEOs of these large corporations (I assume it applies only to publicly traded ones) can only earn so-many-times what the average worker at that company gets. Accurate or not, we need something like this in this country. If the company you head is publicly traded, then the executives of that company cannot receive more than, say, 30 times what their average worker gets in total compensation. That’s TOTAL compensation, including stocks and other bonuses. (No getting around it by saying he only takes one dollar in salary.)
I reject outright the stupid argument that if you limit the CEOs pay, you won’t attract the best people. I say they already failed to attract the best people. Let the best people run their own privately-owned companies, where you can earn whatever you want.
September 1st, 2010 at 1:07 pm1.5 years, all you’ve advocated is rewards for failure.
generalizing!
DRINK!!
seems to me the biggest failure and reward on record is the bailouts for financial system [read wall street] by the previous admin in the trillions of dollars.
September 1st, 2010 at 1:08 pmyou’re on the money ralph.
there is nothing conservative about spending movie/rockstar-pro-athlete money on businesspeople.
investing in the gilded class while letting the basic social fabric go to hell in a handbasket is a reckless and deleterious form of liberalism.
September 1st, 2010 at 1:11 pmmoney over time centers in fewer hands, as it should, therefore greed is good and so is the resultant poverty of the sheople that must be routinely sheared. -=ayn rant=-
September 1st, 2010 at 1:11 pm200,000 plus graduate with MBA’s annually.
but supply-and-demand doesn’t apply to the executive class.
September 1st, 2010 at 1:13 pmgod has no use for money but i do ergo economic inequality, or poverty, is mammons work. if that is so then i am guilty of being pro-poverty -=mountebeck=-
September 1st, 2010 at 1:14 pmTEABAGGERS UNITE!!! (trollbugs too) Join progressives in fighting the complete corporate take over of your future! Put your energy and resources toward your own interests, and the interests of the American majority! Re-wiring your thinking maybe difficult but maybe sticking a wet finger in a light socket will do the trick.
September 1st, 2010 at 1:18 pmUntil then expect to get angrier and angrier like progressives already are. They are angry at the Koch Bros. et. al. takeover and you should be too! (Unless they are paying you)
the problem with such high wages is that it creates lower wages. if only a few engage in such economics its not proplematic to a large economy, but when the economic theory becomes so that maximum profit becomes the only goal then it becomes self-defeating as less of the very consumers such a system would depend on are able to buy less of what is produced. it wont be communism, socialism, atheism or religion that wrecks a democratic republic economy but laissez faire capitalism that manufactures the rope, grows the tree, builds the scaffold then proceeds to hang itself.
i am not anti-corporation. we need jobs. what i am for is getting people to understand that bottom line only thinking isnt tenable over a long period of time. trickle down is like building a water tower and watering the crops so little they die.
which makes the water tower pointless when it doesnt fulfill the purpose that it was created for.
September 1st, 2010 at 1:26 pmIf anyone hadn’t noticed the TEABAGGERS don’t have the Balls, pun intended… to gather in Masses and protest Wall Street and the Fact the Banks are milking the Country Dry…..
They call themselves “REAL AMERICANS”, why don’t they take their “REAL AMERICAN” A$$ to Wall Street and Protest.
Oh, I forgot the TEABAGGERS are “OWNED” by Wall Street, the Koch Boys, Freedom Works, Fraud News….
September 1st, 2010 at 1:30 pmThis comment has been voted down. Click to read.
This comment has been voted down. Click to read.
This comment has been voted down. Click to read.
Getting paid for destroying the country…
…isn’t that UnAmerican?
Oh, only when conservatives destroy America is it called patriotic.
When Progressives do something good for America it is called treasonous and socialist by the Anti-American Scumbag Conservatives.
September 1st, 2010 at 1:48 pmYet conservatives say that it’s “class warfare” to point this out.
September 1st, 2010 at 1:48 pmWayne:
Someone can correct me if I am wrong, but I thought I had heard that in Japan, the CEOs of these large corporations (I assume it applies only to publicly traded ones) can only earn so-many-times what the average worker at that company gets. Accurate or not, we need something like this in this country. If the company you head is publicly traded, then the executives of that company cannot receive more than, say, 30 times what their average worker gets in total compensation. That’s TOTAL compensation, including stocks and other bonuses. (No getting around it by saying he only takes one dollar in salary.)
All they would do is take all of the low wage employees and move them to a “Contract” company. One they own large stock in or some such and “pay the company for the employees as contractors”. End result is the employees get even less and worse benefits, and they get to pay 2 CEO’s X amount of cash over the lowest paid worker. It would be a whole bunch of companies with only “Executive boards” who contract out all of the companies products.
September 1st, 2010 at 1:49 pmYah right troll – that’s why conservatives, libertarians and teabaggers all scream for less regulations.
Is that the new talking point obscenely rich troll Limpbag is spreading around (peehew – I thought I smelled something stinky) nowadays? That regulations cause corporate corruption? And they pay you how much to sell your soul this way?
September 1st, 2010 at 1:50 pmPay attention, people; for a troll, this constitutes a “vigorous and detailed rebuttal”.
September 1st, 2010 at 1:53 pmThe peasant mentality is alive and well within the teabagger movement. They hold the super-rich in reverance as if they are special. In my opinion, they are not special. They cannot levitate or heal the sick with a wave of their hand. They are only self-serving plutocrats that care about one thing only… their wealth. They’ll fund the teabaggers because they know that the teabaggers are dumb enough to do their bidding for them. The teabaggers are being used because they are willing victims of the peasant mentality.
September 1st, 2010 at 1:59 pmthe central, fundamental hypothesis of the great american experiment was and is that
no one is worth 100’s of times more than anyone else.
the reigning plutocracy is fundamentally anti-american, as are its enablers, cheerleaders, and it pawns.
September 1st, 2010 at 2:45 pmDuring the gas crisis in the 70’s Congress enacted an excess profits tax on oil companies. We need to enact an excess compensation tax. Congress can devise a formula that determines what is excess compensation and apply it to cash compensation. The payment in stock and options can be left unchanged except the holding periods. The longer the holding period to sell the stock, the more likely management will do those things necessary for the future rather than the short term. This would give companies more incentive to pay less salary and bonuses to management. At the same time, the management will have to truly find a way to make the company more profitable in the future.
September 1st, 2010 at 2:46 pmTundra: It would be a whole bunch of companies with only “Executive boards” who contract out all of the companies products.
If you were a client, and found out they were doing that (contracting out all production) why would you hire them? Chances are too good that the end product’s quality would suffer, and not be delivered on time. After two major quality failures, for your own survival, you’d have to find a different supplier, which would waste more valuable production time.
September 1st, 2010 at 2:50 pmSecond, the government is the bigger threat. It’s regulations lay all the groundwork for corporate corruption.
Sort of a “look what you made me do” defense?
How silly.
September 1st, 2010 at 2:54 pmThis comment has been voted down. Click to read.
Mike71654 says:
American greed and capitalism at it’s finest.
Yep, the loser’s mindset will take you far in this life. LOL.
September 1st, 2010 at 3:05 pmYet again, a wingnut shows up in the middle of sohbet odaları a Soros-controlled TP thread to complain that TP isn’t çilingir a comprehensive news site covering all stories that anybody might consider worthy sohbet of merit.
Protip: TP, aşk şiirleri as the blog for the Center for çilingir American Progress, only inlcludes pieces that demonstrate that Republicans are evil or stupid.
September 1st, 2010 at 3:13 pmi am self-employed, dookles,
and you are a liar.
September 1st, 2010 at 3:20 pmMr PUNK
We didnt expect anything else from an ignorant, soulless parasitic piece of shit like you. FOAD punk
September 1st, 2010 at 3:21 pmtombaker says:
i am self-employed, dookles,
Therefore, why do you care how much someone else is making?
September 1st, 2010 at 3:22 pmtombaker says:
the central, fundamental hypothesis of the great american experiment was and is that
no one is worth 100’s of times more than anyone else.
Put this one out of your arse, kid. How about getting a constitutional amendment saying:
“no one is worth 100’s of times more than anyone else.”
Good luck with that bonehead idea.
September 1st, 2010 at 3:26 pmbecause i know my customers’ money has to come from somewhere.
i serve a broad cross-section of americans, from blue-collar to celebrity,
and i need some of all of those people to create solid revenues.
i don’t know what ivory tower you’re operating from, but in the real world, millions of self-employed people and small business owners share my sentiments.
September 1st, 2010 at 3:27 pmi’m sorry you don’t appreciate why the united states exists, or rose to become the greatest nation on earth.
but i never really thought you did anyway.
it’s a common characteristic of fake conservatives.
September 1st, 2010 at 3:28 pmtombaker says:
because i know my customers’ money has to come from somewhere.
i serve a broad cross-section of americans, from blue-collar to celebrity,
and i need some of all of those people to create solid revenues.
i don’t know what ivory tower you’re operating from, but in the real world, millions of self-employed people and small business owners share my sentiments.
Instead of worrying your butt about everyone else, it would be smarter to worry and handle your own business. Others are free at the moment to pursue their own happiness. You have zero control of them. So why sweat it?
September 1st, 2010 at 3:30 pmtombaker says:
i’m sorry you don’t appreciate why the united states exists, or rose to become the greatest nation on earth.
but i never really thought you did anyway.
it’s a common characteristic of fake conservatives.
You are one strange cookie.
September 1st, 2010 at 3:32 pmno.
i’m tombaker. american. born and raised in the heart of the heartland. educated by hard work and textbooks. father, husband, and recipient of no federal or private largesse of any kind.
September 1st, 2010 at 3:39 pmMr Punk
You are a soulless parasite. You live off the sweat of others. Those who contribute and are better human beings than a worthless whore like you will ever be.
September 1st, 2010 at 3:44 pmThis comment has been voted down. Click to read.
Mr PUNK
You are a pathetic PARASITE. You dont do ANYTHING but leech off the sweat of others. You contribute NOTHING. I would kill myself if I were such a soulless, uncaring, selfish, punk as you are. Your lack of decency, integrity, and humanity make you a disgusting shell of humanity. The world would be much better off without you in it
September 1st, 2010 at 3:56 pmThe government has to stop legitimizing immoral egregious greed.
September 1st, 2010 at 6:00 pm*
This is a prime example of the Republicant way!
Give tax cuts to the wealthy and hemorrhage jobs.
Just like the hero-worship of Neutron Jack Welch who never saw a job that he wouldn’t out-source! Of course that fattened his profit and his wallet while he screwed the American worker.
And Shitpad. What are you “boo hooing” about? I figured you for a couch potato at mom’s house too lazy and retarded to look for a job. ROFL!!!
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Makes you wonder why America dosen’t have a viable left wing party… oh right, the Democrats (haha).
No but really… did the cold war so scare you lads that anything even remotely pinko is political posion?
Me think you liberals worry too much about stuff you have zero control of. Not that you would not want the govt. to take control of everything and give every citizen an equal outcome not matter how much or little they do for themselves
-Duke
See? Thats not liberalism (in fact thats about the exact opposite of liberalism) mr Duke, that’s communism. I think that the words are so mixed up in your head that you can’t see the forrest for the trees.
September 1st, 2010 at 9:45 pm“Mr Punk
You are a soulless parasite. You live off the sweat of others. Those who contribute and are better human beings than a worthless whore like you will ever be.”
tell me this Mr. Punk, how can someone make it when the Rich elite have rigged everything to make it almost impossible for those lower on the economic ladder to succeed?
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