CEO raises minimum wage to $70000, takes $70000 wage himself until profits are met.

[Deleted member 848]

Great question.
I like the idea that top execs get paid on profits/performance more so than a salary. However, there is often times a lack of oversight and balance. Too many stories of guys making mega millions while ruining a company, stock prices plummeting, etc.. All the while controlling the BOD and voting in their own pay structures in a spiraling financial mess.

So, in short, I don't think the pay philosophy is poor, but the rules, restrictions, and governance needs retooling. Which can only be done by a more savvy group of shareholders demanding these things from their BoD.

Is there a way to standardize this across all companies, or do we have to rely on all companies' BoDs independently making the decisions to limit the things you mentioned.


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[Dr. Jones]

Is there a way to standardize this across all companies, or do we have to rely on all companies' BoDs independently making the decisions to limit the things you mentioned.


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This is America. We don't want standardization.
That's not a joke, either.
There's a reason this country, even in its incredible infancy, has pioneered nearly every modern technology and convenience.
We don't want to be stifled by a heavy-handed government that lays out the rules for the masses.. To remain masses.

I am well aware our country's many flaws.. Many.
But I would rather live in an environment of my own decision making and accountability than not.

 

[Deleted member 848]

This is America. We don't want standardization.
That's not a joke, either.

The definition of America is dynamic-- it can change, has changed, and it will change.

There's a reason this country, even in its incredible infancy, has pioneered nearly every modern technology and convenience.
We don't want to be stifled by a heavy-handed government that lays out the rules for the masses.. To remain masses.

so to you, it's better to have this system in place that allows for rampant, unethical financial behaviour purely in the sake of maintaining technological advance over our competitors? Do these technological advances matter if our citizens are unhappy?


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[Dr. Jones]

The definition of America is dynamic-- it can change, has changed, and it will change.



so to you, it's better to have this system in place that allows for rampant, unethical financial behaviour purely in the sake of maintaining technological advance over our competitors? Do these technological advances matter if our citizens are unhappy?


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Amen to the first sentence.

As to the 2nd piece. Rampant? Hardly. Unhappy citizens? Where is this hyperbole coming from?
You need know more than reading headlines of liberal ran rags.
Americans are doing fine. And in a country of 300MM or whatever, we have a few bad eggs. Name a regime that doesn't.

Also, the bad eggs will find a way to be bad eggs no matter the rules and governance.

 

[RandyForRubio]

Is there a way to standardize this across all companies, or do we have to rely on all companies' BoDs independently making the decisions to limit the things you mentioned.


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Should we just eliminate an individual's right to make decisions? Or should we try to standardize free will too?

 

[Dr. Jones]

A lot of things about America piss me off.. srsly.
But not on the list is government needing to be bigger.

 

[Deleted member 848]

CEO raises minimum wage to $70000, takes $70000 wage himself until profits ar...

Should we just eliminate an individual's right to make decisions? Or should we try to standardize free will too?

Im asking pretty pointed questions, and Peeks is doing good job answering them fairly.

You jumping in with this straw-man ******** is, frankly, ********. Sit down, and stop this trash demagoguery.


EDIT: we already DO standardize free will. Do you have the freedom to go and murder your neighbour right now?

 

[Deleted member 848]

CEO raises minimum wage to $70000, takes $70000 wage himself until profits ar...

Amen to the first sentence.

As to the 2nd piece. Rampant? Hardly.

I don't know how rampant it is, just mentioned that I'm pretty non-knowledged in this field. I DO know that a lack of regulations in every system ever will lead to advantageous amusing.

Unhappy citizens? Where is this hyperbole coming from?

This is pretty easy to find. We beat out every 3rd world country in this metric, but we really bottom out when we compare ourselves with other 1st-class developed nations.

You need know more than reading headlines of liberal ran rags.

This is a little generalizing.

Americans are doing fine. And in a country of 300MM or whatever, we have a few bad eggs. Name a regime that doesn't.

There are millions of Americans who disagree with you-- and the problem isn't in the raw numbers; the problem is in the proportion. When we compare proportions of things like unhappy citizens, poverty rates, and things of that nature, again-- America falls behind. These aren't hyperbola, these are facts that need to be addressed. I'm just trying to ask how.

Also, the bad eggs will find a way to be bad eggs no matter the rules and governance.

Yes, there will always be bad eggs-- however, the proportion of bad eggs is higher in the US than it is in other nations. Why is this? What can we do to address this? If it comes at the expense of economical and technological prowess, are these things that we should ignore? This is what I'm trying to ask.



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[Deleted member 848]

A lot of things about America piss me off.. srsly.
But not on the list is government needing to be bigger.

And a lot of things about America piss other ppl off-- solutions that could be addressed with bigger government. Sure, you can call them lazy (which I consider inaccurate) but a nation that tries to give each citizen a more fair shake at success is a nation that is most prosperous at the end of the day. No one is asking for communism.


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[RandyForRubio]

Dala, you ever had a job? An actual paying job? Not an internship.

 

[RandyForRubio]

Im asking pretty pointed questions, and Peeks is doing good job answering them fairly.

You jumping in with this straw-man ******** is, frankly, ********. Sit down, and stop this trash demagoguery.


EDIT: we already DO standardize free will. Do you have the freedom to go and murder your neighbour right now?

I get that you like to use big words to make yourself feel smarter about a subject you know jack**** about, but you're not getting it. You asked if there was a way to standardize pay among high management on ALL companies. That eliminates the choices, the free will of the people who started the company. That ain't no straw man.

 

[Deleted member 848]

CEO raises minimum wage to $70000, takes $70000 wage himself until profits ar...

Dala, you ever had a job? An actual paying job? Not an internship.

McDonalds, Nike, IKEA, and a retail clothing store here. Got my first job at 14, consistently worked 15-20 hours a week until I hit third year university (worked full-time in summers). Impossible to work that much, get good marks, and volunteer as much as some grad programs want you to unless you're a super genius with photographic memory (which I am not). I've worked tons in my young years, compared to my peers in university.


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