Myself, I believe that 74% of CEO’s are disastrous for the nation.
Don't confuse the vast majority of CEOs with the small minority that run companies that do not build things, create things, make things, or service things.
Don't confuse the vast majority of CEOs with the small minority that run companies that makes money of manipulating markets and gaming the system.
Don't confuse the vast majority of CEOs with the small minority that run Wall Street companies, support Obama and Dems financially by more than a 2 to 1 margin. These are the CEOs who worked with Washington to create the financial crisis. Check the campaign donations by employees of the big Wall Street firms at Huffington Post and you'll find they are overwhelmingly Democrat. After all, it's easier to buy a congressman than compete in the market. It's cheaper to buy senators than to buy market share.
Ignorance is bliss...they say.
I was going to say that CEO’s are well hated around here. Who cares what they think?
Your post is exactly why this story will get no traction. Rightly or wrongly, considering the current financial situation this will get about as much consideration as a headline that says "74% of child molesters think Obama presidency would be disastrous for the nation".
“Myself, I believe that 74% of CEO’s are disastrous for the nation.”
I’m with you, and here is why, and what WE can do about it. Thirty-five years ago big company CEO’s earned about 40 times what their lowest level employees were paid. Since that time the ratio has crept up to somewhere between 400 to one to 1,000 to one. Is it any wonder they have been outsourcing American jobs to low wage countries, or charging high prices for medicine. I think our economy will only recover when the ratio of 40:1 or maybe 50:1, (since maybe PC’s and cell phones have made them slightly more efficient) have been restored. This is probably the GREED that McCain has been talking about. It was recently reported that the CEO of Lehman Bros. had earned $500,000,000, that is 1/2 $billion during his tenure.
If the government is going to bail these people out, then they should be cutting back on their salaries at the top levels. Personally, it bugs the heck out of me that these guys are earning $10 million or more a year while my son going to Afghanistan is earning under $50,000. Here are some things WE can do.
If you are a stockholder, question the high salaries your top executives are earning. Why should they get all the goodies while your dividends and stock values are shrinking?
If you belong to a health plan, when the annual free choice period comes around, question what each plan’s top executives are earning. Talk to your plan administrators about this. Select the plan with the more reasonable salary structures even if it will cost you a little more. Let them know that the top salaries influenced your choice.
If you have the choice of several grocery stores, for example Giant, Safeway, Harris Teeter, Shoppers Food Warehouse, find out what their top executives are earning. Favor the stores with the better salary ratios. Let everyone know why you are choosing the particular stores.
All this will only change when we exercise our power of the purse and active, targeted criticism. If you have other ideas, I would love to hear them.