Comments on: CEOs' Pay Climbs While U.S. Economy Sinks

Survey: Median Pay Package For CEOs Close To $8.4 Million; 3.5 Percent Higher Than 2006

[mandylou4u]

And this suprises anyone?

[venkata4--2008]

"I just love how Rush Limbaugh and the Republicans defend this type of disparity!

Posted by whitemale08 at 03:04 PM : Jun 16, 2008"

In peak housing boom Home depot CEO showed a very substandard performance and got 150 million + severance package and now he is CEO of Chrysler which laid off 12000 workers in less than 30 hours after Union ratified the contract. Fired CEOs of Citi bank, Merrill Lynch, Bears Sterns end up CEOs of some other big companies to lay off another 100,000 people to get big fat pay and options perks. Republican way of doing things.

[ghostcommand]

This article reminds me of incidents that happened in Nazi Germany toward the very end of the war. While the German military was being soundly defeated in battle after battle on the Eastern and Western fronts--the die-hard Nazi''s were commandeering trains to rush Jews to the death chambers and to move stolen treasures from other countries to their hiding places. The trains were sorely needed by the military to rush enforcements and supplies to the fronts and to move wounded soldiers back to hospitals. Six weeks before the end of the war, Hitler issued--what is now called "Hitler''s Nero Decree". He ordered the Nazi controlled German military to destroy the German infrastructure. The military complied and competed with allied forces to destroy their own people''s infrastructure. First it was the mentally ill, then the Jews, then the Slavs, other nationalities that were deemed sub-human and were to be eliminated. Then, it was the German people''s time to feel the sword of the Nazi''s. Hitler deemed that the German people failed to live up to his expectations and he wanted them dead. The Fascist''s of America lead by der Fuhrer cheney/bush have adopted Hitler''s Nero Decree as their own. They have adopted Joseph Goebbels propaganda manual as their own. Google--"American Fascism", "Eternal Fascism", "the 14 points of Fascism", and read "The 12 Year Reich" by Richard Grunberger. Form you own comparisons and opinions.

[ghostcommand]

This article reminds me of incidents that happened in Nazi Germany toward the very end of the war. While the German military was being soundly defeated in battle after battle on the Eastern and Western fronts--the die-hard Nazi''s were commandeering trains to rush Jews to the death chambers and to move stolen treasures from other countries to their hiding places. The trains were sorely needed by the military to rush enforcements and supplies to the fronts and to move wounded soldiers back to hospitals. Six weeks before the end of the war, Hitler issued--what is now called "Hitler''s Nero Decree". He ordered the Nazi controlled German military to destroy the German infrastructure. The military complied and competed with allied forces to destroy their own people''s infrastructure. First it was the mentally ill, then the Jews, then the Slavs, other nationalities that were deemed sub-human and were to be eliminated. Then, it was the German people''s time to feel the sword of the Nazi''s. Hitler deemed that the German people failed to live up to his expectations and he wanted them dead. The Fascist''s of America lead by der Fuhrer cheney/bush have adopted Hitler''s Nero Decree as their own. They have adopted Joseph Goebbels propaganda manual as their own. Google--"American Fascism", "Eternal Fascism", "the 14 points of Fascism", and read "The 12 Year Reich" by Richard Grunberger. Form you own comparisons and opinions.

[edgardebbins]

George W. Bush is a rich man''s president. The whole program is set up to allow the rich to get richer. So what if the rest of us suffer because of it. Just think, if Obama becomes president, he may enact legislation that might put a cap on CEO pay. Maybe a 10 million a year max. That would fix some wagons.

[whitemale08]

I just love how Rush Limbaugh and the Republicans defend this type of disparity!

[brianp55]

I can assure you that these top CEOs will achieve a new level of humility if certain select companies are mercilessly boycotted.

[ubrew12]

l8c6 said: "The efficiency of corporate america is to provide less service, less product, reduce overhead and maximize profits for a few beneficiaries."

True. Especially in a Global economy, many if not most of those ''beneficiaries'' aren''t even American.

On the subject of labor: I know many a welder who swore allegiance to his/her craft. I also know many a manager who swore allegiance to his/her company. There''s just no defensible reason why the former allegiance should be a road to eventual poverty, while the latter a road to corporate advancement and potential humongous reward. Not to put too fine a point on it, but the primary purpose of a corporation is to weld something, NOT to manage something. Too many corporations think their reason for being IS to manage something, and thats a sure sign of corporate welfare, which has been going on in this country for 30 years.

[l8c6]

So according to this the median pay for one CEO is 170 times the amount of the median income for one family household in the United States.

[l8c6]

(its much easier to quit when there are half a dozen similar firms wanting your skill-set, just across the street. But, you quit from Lockheed or Boeing. Dude, you are toast).

Posted by ubrew1

Good points. You mention aerospace, but there are many examples even better still. In the name of efficiency small businesses are gobbled up continually and we have ended up with these huge corporations or kingdoms onto themselves that have no empathy or ear for the workers.

The right wing republicon Reagan era has been a nightmare to the posterity of the people of this nation but who infiltrated the democratic party, examples such as Joe Lieberman have exposed the whole system as a sham.

The efficiency of corporate america is to provide less service, less product, reduce overhead and maximize profits for a few beneficiaries.