Thread: Something I'd rather not know

Just about gagged on my breakfast this morning while watching the TV news Are Canada's highest paid CEOs worth their salaries? - Your Community . The viewers comments were interesting. Watch the clock tick The Clash for the Cash: CEO vs. Average Joe | Canadian Centre for Policy Alternatives . Really didn't need that cold water shave to wake me up this morning.

Bob

Nobody is worth that kind of money. Nobody.

But wait it will get worse, just like in the States, they will get bonuses for killing a company and screwing the workers.

Originally Posted by nun2sharp

Nobody is worth that kind of money. Nobody.

But wait it will get worse, just like in the States, they will get bonuses for killing a company and screwing the workers.

I used to work for a company that did just that although they did not kill off the company altogether. Not surprisingly it was an American company. No we don't have to wait, it is here already and getting worse.

Bob

Not so long ago i watched a news program about those big international companies that has business here in my country too. About how much their CEO's earn.
No do remember the name of the company now, that would be irrelevant anyways. However, a quick mathematic calculation told me that in three and a half days that dude earned more money than me in my lifetime (say 30 - 45 years at work, minimum).
That is something i thought and opened a beer.

So, you think some entertainment figure is really worth what most of them get these days? They can make most CEO's look like chump change.

There has never been any doubt that a good CEO is worth a lot of money. However at a time when average incomes have stagnated and in quite a few instances have declined it makes you wonder if in that same time period remuneration for CEOs went from approximately 130X the average yearly wage to 189X the average yearly that something is more than a little cock eyed.

Entertainment figures and pro athletes are another kettle of fish.

Bob

Originally Posted by thebigspendur

So, you think some entertainment figure is really worth what most of them get these days? They can make most CEO's look like chump change.

Actors surely have their ways of getting all the money they can ask, ask long as they sell. I think that they are not worth it but it seems that as long as people are ready to pay, it keeps going this way.

With CEO's it's little different. I'm sure most, or at least many of them are really profitable for their companies and share holders. Howevers, the richer you get, you have better changes to find your way to avoid paying taxes.
And in many cases they get their salaries for kicking out the working people or closing down their factories. That is a damn shame.

having said that, i'm not jealous for those earning so much more than me. I've always tried to get along with what i have without trying to find out how can i get as much of i can from others.

Yea, definitely no jealous here either just a bit incredulous. I get along fine on my pension so no biggy and nothing a having a beer or 3 won't put into proper perspective either.

Bob

Originally Posted by thebigspendur

So, you think some entertainment figure is really worth what most of them get these days? They can make most CEO's look like chump change.

Of course - most actors do indeed make their investors money. Sometimes.

The issue with CEO's is that any public company is bound to make profit for it's shareholders - most CEO's are liability's. CEO's generally make money for a company by slashing costs, downsizing, and off-shoring which can... I say can, cover their pay sometimes - but it's a short-run thing, and usually leaves the companies long-term objectives vulnerable. Hence, the prices they get paid really are liability's to the company and it's shareholders - seriously.

Seriously - it should be illegal.

Then there is Jack Welch. He neither fired a lot of people or slashed GE to the bone. He set up an advanced highly technical company that increased in total value 4000% in the twenty years that he was at the helm.

How is it that everyone rails on CEO but say nothing about sport figures making $100 Million a year, or an actor making $100 million a year, or politicians on a $150 K salary ending up with $50 million after being in office for 10 years. Those hired gunslingers live a perilous existence and just speaking for myself I would not last one week without cutting my throat.


later,
Richard