Why is this man smiling?
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.
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.
Comments
Having said that maybe Moore wants to do a remake?
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.
The average American makes just over $36,000 per year.
The average American only makes $36 000 a year!
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.
The average American only makes $36 000 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.
$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.
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.
The average American only makes $36 000 a year!
At the current exchange rate, that $50K is a little over $40K US.
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.
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.
The average American only makes $36 000 a year!
Have a link to an Australian jobs board?
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.
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.
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.
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?
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.
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.
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.