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Why is this man smiling?

post #1 of 22
Thread Starter 
The new CEO of Ford, which is currently losing lots of money real fast, is smiling. Why could that be?

Maybe because he got an average of 7 million bucks per month for a mere four months on the job.
http://money.cnn.com/2007/04/05/news...ex.htm?cnn=yes

The average American makes just over $36,000 per year. (Our sweet CEO listed above makes almost 200 times that ev¥ery month, or 2333 times that per year).
http://ask.yahoo.com/20040518.html

How does everyone here feel about the extreme difference in pay for CEOs versus the working man they manage?

What about the added cost that it creates for us, the little guys?

What, also, does someone do with 7 million per month? I admit I like pizzas and icecream, but there is a limit, and I think 7 million would cause me to explode.

 

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post #2 of 22
The added cost is almost nothing because Ford is loosing billions a year. So if they drop 25 mil on the CEO it's a rounding error.

Having said that maybe Moore wants to do a remake?
post #3 of 22
Quote:
Originally Posted by Bergermeister View Post

The new CEO of Ford, which is currently losing lots of money real fast, is smiling. Why could that be?

Maybe because he got an average of 7 million bucks per month for a mere four months on the job.
http://money.cnn.com/2007/04/05/news...ex.htm?cnn=yes

The average American makes just over $36,000 per year. (Our sweet CEO listed above makes almost 200 times that ev¥ery month, or 2333 times that per year).
http://ask.yahoo.com/20040518.html

How does everyone here feel about the extreme difference in pay for CEOs versus the working man they manage?

What about the added cost that it creates for us, the little guys?

What, also, does someone do with 7 million per month? I admit I like pizzas and icecream, but there is a limit, and I think 7 million would cause me to explode.

How do I feel about it? Not very good. What can I do? Not buy Ford stock. That's what. I honestly don't get that upset about CEOs making millions. I don't resent people who are loaded or begrudge them their wealth. I certainly don't favor governmental intervention on this issue.
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post #4 of 22
If that's the way Ford wants to waste their money, then so be it. If the CEO can't turn the company around then his good name will be besmirched in the industry and he'll just have to be happy with the millions he made since he probably won't ever make that kind of money again.
post #5 of 22
Quote:
Originally Posted by Bergermeister View Post


The average American makes just over $36,000 per year.

The average American only makes $36 000 a year! For the richest country in the world that doesn't seem like much. Down here in Australia the average is $50 000 a year.
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post #6 of 22
Quote:
Originally Posted by Bergermeister View Post

What about the added cost that it creates for us, the little guys?

What, also, does someone do with 7 million per month? I admit I like pizzas and icecream, but there is a limit, and I think 7 million would cause me to explode.

It's fine to hate corruption, but most of the corruption that affects us little guys doesn't come from CEOs. It comes from lawyers and government.

Everyone seems to have this misplaced disapproval of CEOs. Yes, big CEOs may make a lot of money, but there aren't very many of them, and most of the ones who manage to stay alive for long in the vicious big-CEO job market are quite adept at their jobs. The money a good CEO can bring to a company by way of increased stock value is a big deal. Furthermore, in our market economy, the consumer (the little guy) has the most power. If paying CEOs less ultimately lead to better products or greater consumer trust, corporate board would be doing so. Instead, the consumer seems to be more interested in maintaining high CEO salaries so that they can follow in the tabloids their lazy, party-crazy kids. That's the objective truth.

Moving along, if you add it all up, lawyers have swindled "the little guy" for far, far more than have CEOs, especially if you happen to be male (getting screwed in divorce). If you've ever dealt with a union or personal injury lawyer, you'll know that they are hardly different than the mafia. Lawyers have a position of power which gives them some distance from the ultimate fairness of the free market. Consider that "the little guy" is often a small proprietor who may get strong-armed into hiring shitty union labor by the alternative of large up front legal costs (usually about $60k).

Misappropriated and poorly allocated taxation swindle the little guy for yet more.
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post #7 of 22
Quote:
Originally Posted by Ninja_Monkey View Post

The average American only makes $36 000 a year! For the richest country in the world that doesn't seem like much. Down here in Australia the average is $50 000 a year.

$50,000 US dollars? Nothing against you or Australia, but I'm not sure your facts are entiely correct.

http://en.wikipedia.org/wiki/Per_capita_income

If you look at the short-list, US is in the top ten, and is 3rd when purchasing power is factored in. Moreover, it's the only nation in the top then that doesn't have the luxury of being small, neutral, and the ability to mooch off of bigger neighbors. It also seems to suggest than the average income is higher than $36k. Perhaps median income is $36k -- I'm not sure.
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post #8 of 22
Well, i'm pretty left-leaning, liberal and somewhat socialist, and while i agree that CEO incomes seem perverse at face value, I can't really argue against them. If a company, its stockholders and its customers agree with paying those amounts, and if that particular CEO manages for example to turn around a bad situation, it's a win-win for all.
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post #9 of 22
Thread Starter 
Quote:
Originally Posted by Splinemodel View Post

$50,000 US dollars? Nothing against you or Australia, but I'm not sure your facts are entiely correct.

http://en.wikipedia.org/wiki/Per_capita_income

If you look at the short-list, US is in the top ten, and is 3rd when purchasing power is factored in. Moreover, it's the only nation in the top then that doesn't have the luxury of being small, neutral, and the ability to mooch off of bigger neighbors. It also seems to suggest than the average income is higher than $36k. Perhaps median income is $36k -- I'm not sure.


My data was salary... the actual income may be higher with interest, portfoloios and other thingies.

I agree that lawyers and politicians screw us more than the CEOs (what is the cost of the current war??? We can choose to buy from corporations or not, but Unkle ScrewYouSam won't let you choose not to apply taxes towards the war effort...) ... I don't hate CEOs; just don't understand 'em, and cannot, for the life of me, think of what I would do with $7 mill per month. Maybe I am a little envious, because I would love to take that money and invest it into the school systems where I teach.

My ultimate dream in life comes out to a grand total of $800,000 and would span almost 10 years, which comes out to four days' on a CEO's salary. Guess I'm just a simple guy.

 

Your = the possessive of you, as in, "Your name is Tom, right?" or "What is your name?"

 

You're = a contraction of YOU + ARE as in, "You are right" --> "You're right."

 

 

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Your = the possessive of you, as in, "Your name is Tom, right?" or "What is your name?"

 

You're = a contraction of YOU + ARE as in, "You are right" --> "You're right."

 

 

Reply
post #10 of 22
Quote:
Originally Posted by Bergermeister View Post

I don't hate CEOs; just don't understand 'em, and cannot, for the life of me, think of what I would do with $7 mill per month. Maybe I am a little envious, because I would love to take that money and invest it into the school systems where I teach.

I imagine a lot of that $7 million per month goes into savings and will ultimately be used for philanthropic ends.

As far as the school systems go, in the US, this is one area where the government screws us. I won't go into details here, but I'd venture a guess that every year the US public school system wastes more money or otherwise expends it into fruitless bureaucratic black holes than the US military uses for Iraq. I forget the exact number, but I seem to recall that something like $15k goes into each kid, on average, per year in the US public school system. I remember being shocked when I heard the actual figure, realizing that it was similar to the yearly tuition at an elite, private high school with small classes, etc.
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post #11 of 22
Quote:
Originally Posted by Ninja_Monkey View Post

The average American only makes $36 000 a year! For the richest country in the world that doesn't seem like much. Down here in Australia the average is $50 000 a year.

At the current exchange rate, that $50K is a little over $40K US.
post #12 of 22
It's annoying to me that the American auto makers are still giving out massive paychecks to their CEOs when they just went to Congress two years ago asking for federal aid. It's amazing that Ford and GM could be run so poorly.

Personally, I've never bought a car that wasn't made by an American manufacturer. In fact, I've gone out of my way to buy American cars and so has my family. I've owned a 1992 Plymouth Voyager (was eventually given to a cousin), a 1995 Jeep Cherokee (which is now my brother's), a 1996 Mercury Sable (my grandparents' car which I now maintain for them), and most recently, a 2004 Ford Mustang. My parents currently own a 1997 Plymouth Grand Voyager and a 2003 Pontiac Grand Am.

But I'm not liking what I see from Ford and GM right now and I'm not sure if I'm going to buy American when I get my next car. I'd like to be able to buy a car that gets some decent gas mileage considering the fact that gas prices continue to skyrocket. There's also the matter of the 'cheap' interiors of the American cars. My Mustang has some pretty cheap parts compared to what I've seen in the new Toyotas. So yeah, both Ford and GM have some serious work to do and it's ridiculous to me that their CEOs are being rewarded while things are literally falling apart around them.
post #13 of 22
Does it really matter whether GM, Ford, and Chrysler survive?
post #14 of 22
Quote:
Originally Posted by Bergermeister View Post

The new CEO of Ford, which is currently losing lots of money real fast, is smiling. Why could that be?

Maybe because he got an average of 7 million bucks per month for a mere four months on the job.
http://money.cnn.com/2007/04/05/news...ex.htm?cnn=yes

The average American makes just over $36,000 per year. (Our sweet CEO listed above makes almost 200 times that ev¥ery month, or 2333 times that per year).
http://ask.yahoo.com/20040518.html

How does everyone here feel about the extreme difference in pay for CEOs versus the working man they manage?

What about the added cost that it creates for us, the little guys?

What, also, does someone do with 7 million per month? I admit I like pizzas and icecream, but there is a limit, and I think 7 million would cause me to explode.

I honestly feel that the reason why hes getting paid more is because hes the CEO, he probably busted his ass to get where he is today. The reason why hes getting paid more foe being a CEO than the people that make the cars is because hes done a lot more to improve his life, and not end up in the shit hole his workers are (IE people making the cars) In todays capitalistic world, you need to work hard to get somewhere, primarily work hard in school so you get an education, so that you can get a degree for whatever you want, and maybe one day be the CEO of a huge corporation. But if you slack off in school and fuck up, you end up being on of the laborers for these CEO's. If you want government intervention its called communism, and once communism is introduced, and everyone is at a equal economic level, the economy comes to a stand still, we've seen this in Russia, and Cuba, the economy went to shit withing a decade or so.
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post #15 of 22
Quote:
Originally Posted by Ninja_Monkey View Post

The average American only makes $36 000 a year! For the richest country in the world that doesn't seem like much. Down here in Australia the average is $50 000 a year.

Have a link to an Australian jobs board?

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post #16 of 22
Quote:
Originally Posted by Finalblink View Post

I honestly feel that the reason why hes getting paid more is because hes the CEO, he probably busted his ass to get where he is today. The reason why hes getting paid more foe being a CEO than the people that make the cars is because hes done a lot more to improve his life, and not end up in the shit hole his workers are (IE people making the cars) In todays capitalistic world, you need to work hard to get somewhere, primarily work hard in school so you get an education, so that you can get a degree for whatever you want, and maybe one day be the CEO of a huge corporation. But if you slack off in school and fuck up, you end up being on of the laborers for these CEO's. If you want government intervention its called communism, and once communism is introduced, and everyone is at a equal economic level, the economy comes to a stand still, we've seen this in Russia, and Cuba, the economy went to shit withing a decade or so.

Whats with this sentimental load of shit? Are you 14? The reason why he's getting paid millions is because the company thinks he can increase profits; and if he can, good for him, he deserves it. If he can't, no matter how much he "improved his life", he's out on his ass, and as well he should be.
post #17 of 22
I never thought I would say it but I think it's a growing problem (salary disparity in the USA). I'm pretty loathsome to any governmental solutions as they generally screw it up worse. I don't have a good answer. I worry that such huge disparities aren't healthy for society though.

Many feel that it's the company and shareholders right to pay whatever they feel is appropriate CEO compensation. While this is true when companies go under the top management tend to walk away unscathed while regular employees risk loosing their pensions or other benefits.
post #18 of 22
Quote:
Originally Posted by Splinemodel View Post

I imagine a lot of that $7 million per month goes into savings and will ultimately be used for philanthropic ends.

Let's hope so. I can't find the link but CNN had an article which discussed the philanthropic giving of America's ultra wealthy and it wasn't very encouraging. If I can find it I'll post the link but so far no luck.
post #19 of 22
Quote:
Originally Posted by backtomac View Post

I never thought I would say it but I think it's a growing problem (salary disparity in the USA). I'm pretty loathsome to any governmental solutions as they generally screw it up worse. I don't have a good answer. I worry that such huge disparities aren't healthy for society though.

So tell us, what is a reasonable amount that should separate the salaries of a CEO and a burger flipper?
post #20 of 22
Quote:
Originally Posted by Bergermeister View Post

The new CEO of Ford, which is currently losing lots of money real fast, is smiling. Why could that be?

Maybe because he got an average of 7 million bucks per month for a mere four months on the job.
http://money.cnn.com/2007/04/05/news...ex.htm?cnn=yes

The average American makes just over $36,000 per year. (Our sweet CEO listed above makes almost 200 times that ev¥ery month, or 2333 times that per year).
http://ask.yahoo.com/20040518.html

How does everyone here feel about the extreme difference in pay for CEOs versus the working man they manage?

What about the added cost that it creates for us, the little guys?

What, also, does someone do with 7 million per month? I admit I like pizzas and icecream, but there is a limit, and I think 7 million would cause me to explode.

Quote:
Originally Posted by Outsider View Post

Whats with this sentimental load of shit? Are you 14? The reason why he's getting paid millions is because the company thinks he can increase profits; and if he can, good for him, he deserves it. If he can't, no matter how much he "improved his life", he's out on his ass, and as well he should be.

yes thank you, someone who actually realizes the main point.
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post #21 of 22
Quote:
Originally Posted by backtomac View Post

Let's hope so. I can't find the link but CNN had an article which discussed the philanthropic giving of America's ultra wealthy and it wasn't very encouraging. If I can find it I'll post the link but so far no luck.

Perhaps, but as long as it goes back into the domestic economy there's really nothing to get worked up about.
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post #22 of 22
Quote:
Originally Posted by Splinemodel View Post

Perhaps, but as long as it goes back into the domestic economy there's really nothing to get worked up about.

Now that you mention it, the two largest and most publicized recent philanthropic gifts have been from Bill Gates and Warren Buffett. Both contributed to Gates charity which initially intends to focus on world vaccination programs that will be outside the US. While these are worthy projects the money will most likely not be recirculated back into the domestic economy (at least not all of it).
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