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To: chris1
That was the point of my post. "They" (the globalists) have brought this armageoden of sorts upon us by feeding their greed. Prior to the late 80's CEO's had a nice lifestyle, but not 400 million dollar retirement packages or $8,000 an hour salaries...

Then slowly they changed the way execs were paid and rewarded and they earned their money off the backs of the workers who took on more and more responsibility as people were laid off or not replaced when they quit.

When they reached the point that didn't create even larger bonuses they started oursourcing (Jack Welch) and then insisting anyone doing business with them oursource and then other companies to remain competitive oursourced and the CEO's were rewarded with larger bonuses and retirement packages, and the American Middle Class.... they were left holding the bag, sure they can shop cheaper at Wal Mart, but I bet most would say they would rather buy more expensive goods and still have good, solid, well-paying jobs.

282 posted on 04/24/2006 9:22:31 AM PDT by Arizona Carolyn
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To: Arizona Carolyn
That was the point of my post. "They" (the globalists) have brought this armageoden of sorts upon us by feeding their greed. Prior to the late 80's CEO's had a nice lifestyle, but not 400 million dollar retirement packages or $8,000 an hour salaries... Then slowly they changed the way execs were paid and rewarded

Respectfully, you have no clue what you're talking about in several different ways.

For example:

The retiring CEO of EXON did not get $400 million as a retirement package, nor anything close.

The huge change in executive compensation came when Clinton waged a campaign against CEOs (but not athletes or actors or such) being paid more than $1 Million per year in salary. The surcharge put in place forced companies to link executive pay to the vagueries of the stock market, which with the stock market boom caused an explosion in effective executive pay. This happened BECAUSE of the voices of envy, who in acting emotionally and with no clue as to consequences, dove into the sea of unintended consequences. The "globalists" advocated the more stable traditional compensation system - the opposite of what you claim.

309 posted on 04/24/2006 10:53:38 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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