"We will take things away from you for the common good..."
Posted on 12/29/2006 12:13:05 PM PST by shrinkermd
Perhaps it is one of the fruits of the “self-esteem” emphasis in our schools that so many people feel confident to voice strong convictions about things they know little or nothing about — or, worse yet, are misinformed about.
One of the hardest things for anyone to be informed about is the value of someone else’s productivity. Yet there are cries from all directions that some people are being paid “too much” and others “too little.” Judging Worth
Who can possibly be better informed about the value of what someone else produces than those who use the goods or services that the person provides and pay for them with their own money?
Things are worth it or not worth it to particular individuals. What these things might be worth to somebody else is irrelevant.
People who think that they, or the government, ought to be deciding how much income people make are in effect saying that they know the value of people’s output better than those who use that output and pay for it with their own money.
(Excerpt) Read more at epaper.investors.com ...
We aren't. That's up to the stockholders.
No one is objecting to pay negotiated in the free market between a willing employee and a willing employer.
However, if you put all your buddies on the Board of Directors, and they vote you the CEO of the year, that is a different matter. He who does that is just conspiring to transfer the output from capital the stockholders have put up into his own pocket.
I have no quarrel with guys like Blll Gates and Warren Buffet--they have spent their lifetimes creating enormous wealth.
But the guy who signs on today with a company that already has a capitalization of $10 billion, what did he do to earn a big stake? I would at least like to see a little performance first, and I mean compared to other companies in that sector.
I would at least like to see a little performance first, and I mean compared to other companies in that sector.
That's not how it works. The board decides the compensation package. If the shareholders don't like the decisions of the board they have recourse.
The day anyone besides the shareholders decides how to compensate employees is a sad day!
"We will take things away from you for the common good..."
But isn't that the point of the article? The only thing that matters is what the Board and stockholders like to see.
Stick around a few years. The model is changing.
There won't be as many guaranteed contracts in the future. There sure won't be any back-dated stock options, either.
It'll be game over.
What I find appalling are these guys who run a company into the ground then get paid millions just to leave.
Worth $25 million/year?
Yup, if the ticket and TV sales are any judge.
" What I find appalling are these guys who run a company into the ground then get paid millions just to leave.
Actually, that has some value for the astute investor. You could have picked up Pfitzer at 20 and change because of the guy they had. Good dividend, too.
You could have
Lotsa guys hit .290, and don't get $25 mil. And of course, the Yanks sucked badly in October this year ... not that I mind.
Exactly!
Why are coporate executives the only ones being vilified for earnings?
Let's talk about professional athletes along with college coaches or university presidents, etc.....
This thread was needed a few days ago.
Let's talk about professional athletes along with college coaches or university presidents, etc.....
Or musicians such as Paul McCartney and David Bowie, who are billionaires if memory serves me right.
Every heard a liberal complain about them and that they need to pay their fair share and have some of that wealth redistributed?
Granted they are not Americans but a sizable amount of their income and wealth comes from the American market.
Who Are We To Say Who Is Overpaid?
I have an opinion, and because we have free speech in this country, I can voice my opinion.
You don't have to like my opinion or agree with it.
I think there are many people who are overpaid for what they do. So, there!
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