Re: Top 1% OWNS MORE THAN bottom 90%


Nospam wrote:
mmeron@xxxxxxxxxxxxxxxxxx wrote:


The only ones who need to justify this are those who pay his salary,
i.e. the shareholders. The CEO's work is worth as much as they think
it is. That's all there is to it. The solw measure for the worth of
anything is how much somebody is willing to pay for it.

That happen ONLY because they NEVER worked for that money.

That is your opinion, and an incorrect one.

It is the CEO that took the wealth created by the engineers and delivered it
to them as dividends and capital gain.

The engineers and workers create the product, not the market or the
infrastructure or the business.

Just give to shareholders ONLY the amount of money they actually earned by
doing usefull work, and you will see how much the CEO is REALLY worth
then :-)

This is a good recipe for the corporation going out of business and no
new ones starting up (which would mean no JOBS and a lot of broke
people).

You see, you are too stupid to realize that there is not a magical
source of 'jobs'. They companies have to be created, infrastructure
and raw materials paid for and products developed. I didn't see the
workers willing to pay for the priviledge of working at the complany
during start up...they demanded wages even before the product sold and
before the company made a profit.

The business owners and the shareholders invested their money to create
a business. As such, the profits belong to THEM (they don't have to
give the janitor more money just because profits are up..his job is
still worth $8 an hours...would he be willing to only work for $4 an
hour, or even pay the company $4 an hour to work, if the profits are
not there? If not, then he is not entitled to any of the profits.).

Hey, you can share in the profits, all you have to do is invest in the
business, or start one of your own. Go ahead...no one's stopping you.

The "somebody is willing to pay for it" it is just a propaganda slogan for
weak minds.

And the whole, 'took the wealth created by the engineers' is just a
propaganda slogan for lazy assholes who don't have the balls, or
gumption, to invest in their own business.

Read this to see how much your heroes are worth for real:

"""
NEW YORK (CNNMoney.com) -- In the quest for more pay, forget the whole "list
your accomplishments, then ask the boss for a raise" thing. It doesn't seem
nearly as effective as getting fired or doing a mediocre job before
quitting.

At least if you're a CEO, or in some cases just president.

CEOs have profited handsomely from less-than-stellar tenures, often walking
away with more money than most people earn in three lifetimes, despite a
track record marked by layoffs, falling stock prices, failed initiatives,
legal troubles or some combination of the four.

Severance typically is given to those fired without cause, and unlike in the
real world, doing a bad job often isn't considered "just cause" to fire
CEOs.

"Poor performance on the job does not constitute cause in most CEO
contracts," corporate law scholars Stewart J. Schwab and Randall S. Thomas
write in their analysis of contracts in use at 1,500 public companies.
"""

Looks like the shareholders got snookered. They should have a better
contract laid out. But, they signed these contract because it seemed
like he would be worth it. They made a bad choice. This is also the
exception, not the rule.

Like I said, if you want to share in the profits, you have to invest
you own hard earned money and/or your own time and effort. Failing to
do this takes away any pretense you have of bitching about how profits
are spent.

Yol Bolsun,
Grendel.

"We're amused by you libs and dims. It's kinda like watching the
chimps at the zoo. You know there's a limited amount of intelligence
there, they're cute and they're fun to watch, but you know they'll
never quite make evolutionary leap."

.