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Tue Jun 17, 2008 2:45 pm

localboy wrote: jwd722 wrote: CEO salaries are obcene.
. A persone that cures cancer doesn't make in a year what Kobe Bryant makes for one game. :roll:

we cured cancer? figure we would have seen that one the news or something.

even more obscene are the salaries at charity organizations. what ever happened to volunteerism?

and don't even start aboout the sunday collection plate for the poor. why not sell that fancy multi million dollar altar you go there... might feed a few families for while...

Tue Jun 17, 2008 2:59 pm

90volts wrote: we cured cancer? figure we would have seen that one the news or something.

Not 100% yet, but do your checking. Deaths from certain cancers have plunged. Think all those researchers/doctors etc are living it up on their private yachts? Dr. Jonas Salk lived a very humble life and he cured polio.

Quote: Jonas Edward Salk (October 28, 1914 – June 23, 1995) was an American biologist and physician best known for the research and development of a killed-virus polio vaccine, the eponymous Salk vaccine.

During his life, Salk worked in New York, Michigan, Pittsburgh and California. In his later career, he devoted much energy toward the development of an AIDS vaccine.

While being interviewed by Edward R. Murrow on See It Now in 1955, Salk was asked: "Who owns the patent on this vaccine?" Surprised by the question's assumption of the requirement of a profit motive for his creation, he responded: "There is no patent. Could you patent the sun?"

Tue Jun 17, 2008 3:49 pm

Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

Tue Jun 17, 2008 4:21 pm

EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

At the rate Ford and GM are going there will be no one left at the company.

Tue Jun 17, 2008 4:40 pm

jwd722 wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

At the rate Ford and GM are going there will be no one left at the company.

Well, maybe the CEO's will shut off the lights when they leave.....as long as they are a union-licensed electrician.

Tue Jun 17, 2008 5:19 pm

My wife is a CEO of a small catering company. We haven't seen any obscene money yet....

Tue Jun 17, 2008 5:29 pm

jwd722 wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

At the rate Ford and GM are going there will be no one left at the company.

And? Are you a Ford or GM employee?

Wed Jun 18, 2008 2:12 am

Tram wrote: localboy wrote: jwd722 wrote: CEO salaries are obcene.

So are "celebrity's", pro athlete's...the list goes on. A persone that cures cancer doesn't make in a year what Kobe Bryant makes for one game. :roll:

But- A lot of people are employed because of Kobe Bryant- not that I don't agree with what you're sayin'. CEO's, on the other hand, seem to get paid more for eliminating jobs.

Even though I dislike him, Kobe earns every nickel he makes. If you don't like it, just go do what he does for a lower price. :P

People are paid salaries because of supply and demand. Heck, if it were Kewl™ to be a teacher, it would be a minimum wage job. How many people here can score 30 on the court or draw $50M on an opening weekend? :P Crickets...... :lol:

Back to CEO's........Same thing. Don't buy their product or if it's really that 'obscene', apply for his/her position at a lower pay rate. :P

Tram, you can only slipstream your way through the system so far. :lol:

Wed Jun 18, 2008 9:33 am

EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

Lee Iacocca didn't save Chrysler; the taxpayer did. Frankly, they should have been allowed to fold. These guys need to stop being rewarded for bad behavior.

Wed Jun 18, 2008 10:14 am

Tram wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

Lee Iacocca didn't save Chrysler; the taxpayer did. Frankly, they should have been allowed to fold. These guys need to stop being rewarded for bad behavior.

Quote: Realizing that the company would go out of business if it did not receive a significant amount of money to turn the company around, Iacocca approached the United States Congress in 1979 and asked for a loan guarantee. While it is sometimes said that Congress lent Chrysler the money, it, in fact, only guaranteed the loans. Most thought this was an unprecedented move, but Iacocca pointed to the government bail-outs of the airline and railroad industries, arguing that more jobs were at stake in Chrysler's possible demise. In the end, though the decision was controversial, Iacocca received the loan guarantee from the government.

........Because of these three cars, and the reforms Iacocca implemented, the company turned around quickly and was able to repay the government-backed loans seven years earlier than expected.
Source

What was Iacocca's "bad behavior"? Paying the loans back early? :?

Wed Jun 18, 2008 7:18 pm

Icy wrote: jwd722 wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

At the rate Ford and GM are going there will be no one left at the company.

And? Are you a Ford or GM employee?

I don't work at either. Actually I work in the home of a Ford family member. He doesn't like my VW's, wants me to drive a Ford (go figure). So I at least drive an Explorer when the weather is too bad for my bugs.

I was just picking on two well known companies. There were twenty named in the article in the Detroit News but being in Michigan it seemed the auto companies were a given.

Wed Jun 18, 2008 7:36 pm

jwd722 wrote: Icy wrote: jwd722 wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

At the rate Ford and GM are going there will be no one left at the company.

And? Are you a Ford or GM employee?

I don't work at either. Actually I work in the home of a Ford family member. He doesn't like my VW's, wants me to drive a Ford (go figure). So I at least drive an Explorer when the weather is too bad for my bugs.

I was just picking on two well known companies. There were twenty named in the article in the Detroit News but being in Michigan it seemed the auto companies were a given.

A good economist will tell you that it's a good thing if a company goes under, because it means the company wasn't profitable and should exit the market place.

Nothing like having someone guilt you into driving some piece of shit so that you feel good about yourself. Should have told him to mind his own business.

Wed Jun 18, 2008 7:44 pm

Icy wrote: jwd722 wrote: Icy wrote: jwd722 wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

At the rate Ford and GM are going there will be no one left at the company.

And? Are you a Ford or GM employee?

I don't work at either. Actually I work in the home of a Ford family member. He doesn't like my VW's, wants me to drive a Ford (go figure). So I at least drive an Explorer when the weather is too bad for my bugs.

I was just picking on two well known companies. There were twenty named in the article in the Detroit News but being in Michigan it seemed the auto companies were a given.

A good economist will tell you that it's a good thing if a company goes under, because it means the company wasn't profitable and should exit the market place.

Nothing like having someone guilt you into driving some piece of shit so that you feel good about yourself. Should have told him to mind his own business.

Which reminds me... how's your Cavalier doin'? :D

Wed Jun 18, 2008 7:46 pm

Icy wrote:

A good economist will tell you that it's a good thing if a company goes under, because it means the company wasn't profitable and should exit the market place.
. Too bad the same isn't true for the things that the government runs.
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/08/AR2008060801765.html?hpid=topnews
Quote: Year after year, decade upon decade, the U.S. Senate's network of restaurants has lost staggering amounts of money -- more than $18 million since 1993, according to one report, and an estimated $2 million this year alone, according to another.

The financial condition of the world's most exclusive dining hall and its affiliated Capitol Hill restaurants, cafeterias and coffee shops has become so dire that, without a $250,000 subsidy from taxpayers, the Senate won't make payroll next month.

Wed Jun 18, 2008 9:28 pm

Tram wrote: EdW wrote: Tram wrote: CEO's, on the other hand, seem to get paid more for eliminating jobs.

Sometimes you have to eliminate jobs to save the company. Just ask Lee Iacocca.

Lee Iacocca didn't save Chrysler; the taxpayer did. Frankly, they should have been allowed to fold. These guys need to stop being rewarded for bad behavior.

Tram,
I've gotta give you this. You are entertaining as hell sometimes! :wink:

Wed Jun 18, 2008 10:05 pm

CEO salaries don't scare me as much as government employees salaries and benefits. Just look at Vallejo, CA as the perfect example of what is coming down the pipeline for a lot cities in the next few years or even months.

Fri Jun 20, 2008 1:11 am

I am fascinated by Captains of Industry, therefor I have read plenty of biographies, and auto-biographies.

Some of the salaries are absurd, but remember at a public company the board is breathing down your neck every moment, of every day. If you screw up, your neck is the on the block. Sure you may of lost millions, but were your millions lost less than last years millions?

They are cutting so many jobs, because of the unions. Now because of the CEO's salaries. 80 million is nothing in the big picture. You simply cannot compare some guy on the floor, and a CEO. They are no-where the same person. There are not threats on their life, unlike a CEO. The pressure to succeed is not even a fraction of what a CEO has to endure. You don't become a CEO overnight (unless you start your own company), years of paying your dues, working up the ladder are required.

My dad has been in several High-Paying jobs, and the shit that he had to deal with was unbelievable. Image how hard it is to sleep when the next day you are going to lay off 500 people, fully knowing that you could easily ruin 500 lives. But when you are in the business of making money you have to do what you have to do.

I would love to see one of you in the CEO of Ford's shoes, for a year let alone a day. I would say that he has the most dangerous CEO job currently, Unions don't tend to like massive job cuts.

But A-rod makes what? 100mil a year? Yeah that is totally ok, because he hits some leather really far. Sure athletes, in return employ a lot of employees, directly or indirectly. Sure Ford is making huge job cuts, but they are still employing thousands more than some baseball franchise.

Perhaps we should stop looking at how outrageous the CEO's salaries are, and take a look at guys on the floor. The crazy wages that are paid for some of the simplest tasks astounds me. Same with the man power wastage. I hope Ford/GM/Chrysler all go belly-up. Perhaps then the unions will realize "Shit, they weren't bluffing". Besides then we will have VW and Toyota left. I can't see anything wrong with that.

Fri Jun 20, 2008 4:22 am

If you want to really be disgusted by the Unions (at least in Michigan) spend one day in a Union Arbitrators courtroom.

The things that these workers do to get fired (drugs, not show up for 10 days, beat up co-workers, get caught stealing parts). Then they protest the dismissal, and often win.

The layoffs are God's punishment for Unions. The last 10 auto plants built in the US were in Alabama and the south, by companies that stay away from Unions. VW is building a plant in the US soon, they wouldn't even entertain an offer from Michigan.

Fri Jun 20, 2008 7:09 am

bonfire wrote: Besides then we will have VW and Toyota left. I can't see anything wrong with that.

Have you driven a new VW lately. They are pieces of crap. Honda makes far better autos as does Toyota...

Fri Jun 20, 2008 11:03 pm

localboy wrote: bonfire wrote: Besides then we will have VW and Toyota left. I can't see anything wrong with that.

Have you driven a new VW lately. They are pieces of crap. Honda makes far better autos as does Toyota...

Tomato - Tomaato.

I wouldn't be caught dead in a honda, I am a 'yota fanyboy through and through. I have driven a few Mk4's and two Mk5's and they were both up to my standards.