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Re: Golden Parachutes: 21 CEOs Landed $100M Plus 

By: micro in POPE | Recommend this post (3)
Tue, 13 Mar 12 8:04 PM | 59 view(s)
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Msg. 53433 of 65535
(This msg. is a reply to 53390 by DigSpace)

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Best description of SOCIALISM I have ever heard.

Did all that time overseas make you this way?

We had a revolution way back in 1776 to NOT be like the socialist states of Europe.

NOBODY has the right to tell another individual what they can make as income.

If you do well, good for you. If you do great, good for you. If you want more, get yourself qualified to be in that position and go for it, or start your own company and work yourself to death like the rest of us.

Socialism isn't working too well over on your side of the pond just like it isn't working well to our NORTH with their socialist health care either. That's why all the Canadians come here for their surgeries and real needs. They'll die waiting for it up there.

Sorry Dig. We are yet still a capitalist nation despite what OBAMA has tried and continues to try.


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The above is a reply to the following message:
Re: Golden Parachutes: 21 CEOs Landed $100M Plus
By: DigSpace
in POPE
Tue, 13 Mar 12 5:45 PM
Msg. 53390 of 65535

It would seem a sensible thing to do is to look at history, look at great companies, and look at ratios.

Take a great company and ask what was the ratio of pay between those at the top, and those on the floor. The organizers of talent, the collectors and deployers of capital, the decision makers, they should make more. It is a more rare talent. But when does reason leave the building?

There have been times and places where the top to bottom pay ratio is 5x or 10x .... and times when it is 20x or 30x (or 100x). There is no evidence that increasing this difference in compensation has correlated to improved performance. Today the ratio is at historical highs. They take it because they can, not because of any functional purpose, moral sensibility, hard(er) work and so on.

It just plain silliness. Historically, such ratios lead to revolt and war, not always, sometimes a government steps in and redistributes by agreement, sometimes by force.

There have been massive improvements in productivity, the benefits of this have not been shared (and not been even shared by 5x or 10x or 100x ratios. 100% of all productivity gains have gone to the top. The preponderance of these productivity gains were not invented by the top, but they were ultimately implemented there.

Its about sensible ratios. Not Marxism or communism or whatever. There are ratios that history has shown to be sustainable, and there are those that history has shown are not.

The current circumstance falls into the not category. It is in the best interests of the top to cede some ground in the ratio battle.


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