13-05-2004 09:23									#1
	Maybe I'm Missing Something... Corporate raises? Increase the size of your Attachments

http://news.yahoo.com/news?tmpl=sto...mpensation_dc_1

quote: The median compensation for chief executives at the largest U.S. companies rose to $4.6 million last year, up from a median $3.6 million in 2002, according to the latest pay survey by the Corporate Library. The 27 percent climb in overall pay -- base salary, bonus, options proceeds, restricted stock awards and long-term incentive plans -- exceeds the 11.5 percent rise in 2002 over 2001.

isn't the economy supposedly in bad to stagnant shape right now and the job market is overall bad?

maybe i just dont got all the facts... am i missing something?

	13-05-2004 09:26									#2
	Remove this text

That is ****ed up.

	13-05-2004 09:29									#3
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oh, but corporations are there to benefit everyone...

MY ASS!!! I HOPE THAT THEY KILL ALL THOSE COMPANY EXECS LIKE THEY DID BERG!!!!

	13-05-2004 09:34									#4
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This is what happens when a circle of self-interested people are empowered as the epitome of morality and efficiency.

In France, we had huge rises in bosses' pay too this year. Meanwhile, the same bosses explain the commonf man must see his wage and healthcare become lower, for the sake of economic realism

	13-05-2004 09:46									#5
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Let the good times roll! /Dans

	13-05-2004 11:13									#6
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You aren't missing anything, Speer. This is exactly what happens in large corporations. Essentially, the senior management does not work for shareholders or stakeholders, they work for themselves. That's why there are all those horror stories that CEOs bail out safely with golden parachutes even their companies crash and burn.

	13-05-2004 14:34									#7
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At least it pales in comparison to the $100 million+ that they were earning a few years ago.

God knows where we'd be without these saints willing to work for 1/100th of what they might have made a decade ago. Obviously what they do is so important that they should make more per year than 99.9% of the rest of hard working people will make in their entire lives. Give them raises!

(damn, no one is supporting this yet )

	13-05-2004 15:59									#8
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Answer: Become a corporate executive.

Let the good times roll!

	13-05-2004 16:48									#9
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That would require a total lack of ethical values.

	13-05-2004 16:52									#10
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Hmmm... compared to the top sports and movie stars, they make less money

	13-05-2004 16:56									#11
	Got spare money?

quote: Originally posted by Urban Ranger That would require a total lack of ethical values.

Akin to something like complaining about the instituting of moderation to Apolyton and then, a few short years later, becoming one of the mods?

	13-05-2004 16:57									#12
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quote: Originally posted by Ming Hmmm... compared to the top sports and movie stars, they make less money

It's stunning, the lack of threads protesting George Lucas and his $400million in earnings in FY 2000, his $250million in FY 2001, his $200million in earnings for FY 2002, and his $185million in FY 2003, isn't it? If my math is correct, that gives him $1,035,000,000 in earnings in the past four years.

And Albert is concerned because some CEO is making $4million?

	13-05-2004 17:05									#13
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Hell, even dead celebrities earn more than their living CEO counterparts:

(figures in millions)

Elvis Presley $37
Charles Schulz 28
John Lennon 20
Dale Earnhardt 20
Theodor "Dr. Seuss" Geisel 19
George Harrison 17
J.R.R. Tolkien 12
Bob Marley 10
Jimi Hendrix 8
Tupac Shakur 7
Marilyn Monroe 7
Jerry Garcia 5
Robert Ludlum 5

Where's the outrage?

	13-05-2004 17:09									#14
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quote: Originally posted by Spiffor This is what happens when a circle of self-interested people are empowered as the epitome of morality and efficiency.

Does that mean you're giving up Communism?

	13-05-2004 17:10									#15
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I wouldn't call Schultz a celebrity. He's a cartoonist.

	13-05-2004 17:13									#16
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quote: Main Entry: ce·leb·ri·ty Pronunciation: s&-'le-br&-tE Function: noun Inflected Form(s): plural -ties Date: 14th century 1 : the state of being celebrated 2 : a celebrated person

He fits #2 pretty well.

	13-05-2004 17:16									#17
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JohnT, laying on the reality a little thick there, aren't you? 'Poly and facts don't mix

	13-05-2004 17:22									#18
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Well, I wouldn't care if their "outrage" was equally distributed... but it's not. It isn't the amount of money that these people make that bothers the Left, its the "type" of person who makes it that bothers them.

	13-05-2004 17:23									#19
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quote: Originally posted by mrmitchell I wouldn't call Schultz a celebrity. He's a cartoonist.

The terms are not mutually exclusive.

	13-05-2004 17:23									#20
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WOW JOHNT CAN USE A DICTIONARY!

There should be a medal for that.

For now, give yourself the day off. It's a proud accomplishment for yourself.

	13-05-2004 17:26									#21
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So, in a hypothetical chart of likely emotional reactions to being proven wrong, I can put a check mark in the "sarcastic" box beside your name, mrmitchell?

	13-05-2004 17:31									#22
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Yes.

But he's still not a celebrity. Unlike, for example, Elvis (Presley), it wasn't Schultz who was "celebrated", but Peanuts.

	13-05-2004 17:46									#23
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quote: Originally posted by JohnT Does that mean you're giving up Communism?

I have always opposed the idea of a planned economy that is hijacked by a circle. This is why democracy is an absolutely essential part of the system I call for.

	13-05-2004 17:52									#24
	Got spare money?

quote: Originally posted by JohnT Well, I wouldn't care if their "outrage" was equally distributed... but it's not. It isn't the amount of money that these people make that bothers the Left, its the "type" of person who makes it that bothers them.

I've always opposed the idea that dead artists earn copyright money. And I've always thought that sports celebrity were way, way too much paid as well.

But I find it less outrageous than big bosses indeed, for a simple reason: these artists and sportsmen aren't the ones who decide the wages of others. They don't decide to layoff people. They are not the foremost advocates of a system where the weak can go die in the gutter (I don't know if they do this in the US, since they have won, but they sure do in France).

The day the big bosses bundle their salary raise with their employees' is the day I'll respect them.

	13-05-2004 17:53									#25
	Suffering from ads?

Erp, read that wrong. nm.

	13-05-2004 18:03									#26
	Inflate your Upload Space

quote: Akin to something like complaining about the instituting of moderation to Apolyton and then, a few short years later, becoming one of the mods?

PWNED!

--

And John, bringing facts into a rant? Come on!

	13-05-2004 18:09									#27
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JohnT owns this thread.


Fear the power of the Maggie!

	13-05-2004 18:13									#28
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I read that corporate profits grew around 80% in the last year while overall wages grew 4.5%. I'll find the article if I can... it was on CBSMarketWatch IIRC.

	13-05-2004 18:18									#29
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http://www.epinet.org/content.cfm/w...rchive_12032003

From the Economic Policy Institute if anyone wants to read how corporate profit growth is far outpacing wage growth.

	13-05-2004 18:23									#30
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I didn't know the recession ended in Q4, 2001.