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| Wells Hall Off-topic Board Politics, Religion, and Social Issues. This board is your pulpit to preach to the masses (like the Wells Hall preacher) about everything from politics to religion. Please be kind to your fellow Spartans. Post as if your family is in the other computer. |
07-02-2008, 08:56 AM
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#1 (permalink)
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Posts: 543
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I would like Obama to set the cap on CEO
pay of most big public companies.
Most of those big corp. have mature business and it makes
no difference who is in charge of those business.
Cut CEO's pay and return the profit to shareholders will
benefit a lot more people.
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07-02-2008, 09:18 AM
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#2 (permalink)
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 Zeke the Wonderdog
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Why don't we just nationalize the public companies and split the profits amongst all the people?
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07-02-2008, 09:18 AM
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#3 (permalink)
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#21 Otis Wiley
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And I would like faeries to ***** silver dollars on my head, but it ain't going to happen.
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07-02-2008, 09:19 AM
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#4 (permalink)
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#43 Eric Gordon
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Somehwere along the line....the average shareholder has lost all control over Officer pay....the Boards seem to ignore the average Joe shareholder...who usually has their votes usurped by proxy via their stockbroker...
In this electronic age, the law should be changed to eliminate proxy votes....it can all be done electronically....those with real interest can be notified, participate in annual meetings and vote electronically.
If you do not participate...you lose your say....
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07-02-2008, 09:21 AM
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#5 (permalink)
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Quote:
Originally Posted by negreen
pay of most big public companies.
Most of those big corp. have mature business and it makes
no difference who is in charge of those business.
Cut CEO's pay and return the profit to shareholders will
benefit a lot more people.
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Why don't you just move to Cuba?
Seriously, if you want to change CEO pay you will have to do it through the tax code. Provide more incentive for them to give it away than to give it to the government.
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Courage cannot be defined by words, it can only be defined by action.
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07-02-2008, 09:24 AM
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#6 (permalink)
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Quote:
Originally Posted by Lochgelly
Somehwere along the line....the average shareholder has lost all control over Officer pay....the Boards seem to ignore the average Joe shareholder...who usually has their votes usurped by proxy via their stockbroker...
In this electronic age, the law should be changed to eliminate proxy votes....it can all be done electronically....those with real interest can be notified, participate in annual meetings and vote electronically.
If you do not participate...you lose your say....
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This will do nothing. The small shareholder cannot compete with the large number of shares owned and controlled by the large institutional investors. In this case, the "average joe investor" is irrelevant.
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Courage cannot be defined by words, it can only be defined by action.
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07-02-2008, 09:29 AM
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#7 (permalink)
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Quote:
Originally Posted by Statepug
Why don't we just nationalize the public companies and split the profits amongst all the people?
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As much as I think the exorbitant salaries these guys get is outrageous, how can we really justify capping anyone's salary?
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07-02-2008, 09:35 AM
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#8 (permalink)
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There is lots of ways to achieve this. Outsource them may
be the best solution.
Quote:
Originally Posted by Ares
As much as I think the exorbitant salaries these guys get is outrageous, how can we really justify capping anyone's salary?
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07-02-2008, 09:37 AM
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#9 (permalink)
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Quote:
Originally Posted by negreen
There is lots of ways to achieve this. Outsource them may
be the best solution.
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****, why stop there. Why not cap IT dude's salary and Attorney salaries?
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07-02-2008, 09:41 AM
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#10 (permalink)
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#25 Blair White
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I'd like to see the pay cut of everyone who makes more than me.
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Kotoshi Koso!
Quote:
Originally Posted by TK421
As usual, Fletch and gHost are the only voices of reason around here...
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07-02-2008, 09:41 AM
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#11 (permalink)
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Zeke the Wonderdog
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Quote:
Originally Posted by Ares
****, why stop there. Why not cap IT dude's salary and Attorney salaries?
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Why not just put a cap on everyone's salary? Your paycheck could be determined by a government board and reviewed annually.
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07-02-2008, 09:44 AM
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#12 (permalink)
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how can the junior senator from illinois accomplish this?
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07-02-2008, 10:01 AM
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#13 (permalink)
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Zeke the Wonderdog
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Quote:
Originally Posted by FC Juventus
how can the junior senator from illinois accomplish this?
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how many voters can he convince that this is good thing to do?
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07-02-2008, 10:12 AM
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#14 (permalink)
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#53 Greg Jones
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Quote:
Originally Posted by negreen
pay of most big public companies.
Most of those big corp. have mature business and it makes
no difference who is in charge of those business.
Cut CEO's pay and return the profit to shareholders will
benefit a lot more people.
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How many people out there could run fortune 500 companies?
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"The old parties are husks, with no real soul within either, divided on artificial lines, boss-ridden and privilege-controlled, each a jumble of incongruous elements, and neither daring to speak out wisely and fearlessly on what should be said on the vital issues of the day."
-T.R.
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07-02-2008, 10:18 AM
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#15 (permalink)
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Mark Dantonio
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Yeah the CEO makes no difference, tell that to Hewlett Packard.
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07-02-2008, 10:24 AM
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#16 (permalink)
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Quote:
Originally Posted by Cuchulainn
How many people out there could run fortune 500 companies?
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any elected democrat of course 
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07-02-2008, 11:41 AM
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#17 (permalink)
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Quote:
Originally Posted by Cuchulainn
How many people out there could run fortune 500 companies?
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More than the hundreds of millions paid to them suggest. (How many MBA's are cranked out around the country every year?)
Cap it as a percentage of income. It would actually force them to earn what they make instead of having it "granted" to them.
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07-02-2008, 11:46 AM
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#18 (permalink)
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Pat Narduzzi
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Quote:
Originally Posted by negreen
pay of most big public companies.
Most of those big corp. have mature business and it makes
no difference who is in charge of those business.
Cut CEO's pay and return the profit to shareholders will
benefit a lot more people.
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They are public companies in that their shares are publicly traded, but not publicly owned in the sense that the public has property rights to it, as in the city streets or the county park.
As such, the right to determine the CEO's pay lies with the shareholders. If they believe it to be exhorbitant, they can either vote at shareholder meetings to remove the CEO or change his pay, or they can vote with their feet by selling the stock. Believe me, if the company is underperforming, many have already taken the latter step.
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If you don't know where you're going, any road will take you there. - GH 1943-2001
A wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. - Thomas Jefferson's first Inaugural Address, 1801
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07-02-2008, 12:09 PM
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#19 (permalink)
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#58 Trevor Anderson
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Quote:
Originally Posted by FC Juventus
any elected democrat of course |
And we all know that Democrats can't run a business.
Sincerely,
Bill Gates
Warren Buffett
Ted Turner
Jon Corzine
Michael Bloomberg
Robert Johnson
Herb Kohl
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O8
Last edited by LA_Spartan; 07-02-2008 at 03:31 PM.
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07-02-2008, 01:20 PM
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#20 (permalink)
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10,000+ posts
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Quote:
Originally Posted by Cuchulainn
How many people out there could run fortune 500 companies?
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CEO <> LaBron
LaBron IS special... one of a kind... can do stuff the vast vast vast majority cannot...
A CEO just thinks they are that good. Not very different that the other 250 graduates of his MBA program... That is the problem. The market is not deciding this.
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07-02-2008, 01:46 PM
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#21 (permalink)
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Zeke the Wonderdog
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Quote:
Originally Posted by LA_Spartan
And we all know that elected Democrats can't run a business.
Sincerely,
Bill Gates
Warren Buffett
Ted Turner
Jon Corzine
Michael Bloomberg
Robert Johnson
Herb Kohl
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What office was Buffett and Gates elected to?
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07-02-2008, 01:58 PM
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#22 (permalink)
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Join Date: Nov 2006
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Mark Dantonio
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Quote:
Originally Posted by Statepug
What office was Buffett and Gates elected to?
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That's all you've got?
You should bring it better than that. I'm ashamed pug.
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07-02-2008, 02:16 PM
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#23 (permalink)
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Zeke the Wonderdog
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Quote:
Originally Posted by caspper69
That's all you've got?
You should bring it better than that. I'm ashamed pug.
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LASpartan listed a bunch of people he said were elected to office. I couldn't find anything about Buffet holding an elected office and didn't bother with Gates. If he wants to throw out names I'd at least like to see some backup.
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