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  1. #1
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    Median pay up 27%!

    Just not for anyone we would know...

    At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.
    But maybe they're doing so well because they're creating so many jobs.

    Yet the fact that CEOs’ pay is rising along with stock prices underscores the disconnect between pay and companies’ true underlying performance, Lazonick says. While companies in the S&P 500 boosted profit 47% last year, much of that was due to cost-cutting and layoffs, not from the creation of businesses and growth, Lazonick says. Revenue, a gauge of the money flowing into businesses for selling goods and services, grew at a much slower pace than profit — and ended the year up just 7%.
    Or not....

    http://www.usatoday.com/money/compan...010/45634384/1

    Revealed: huge increase in executive pay for America's top bosses | Business | guardian.co.uk


    joe
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  2. #2

  3. #3
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    It's their money, you commie !!!!!!!!!!!!!!!!!!!!!!
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  4. #4
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    The 1% rears it rich self again

  5. #5
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    Quote Originally Posted by MR_GRUMPY View Post
    It's their money, you commie !!!!!!!!!!!!!!!!!!!!!!
    .
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    Of course it is their money! The problem is how they got it. But I suspect that many people are no longer able to understand right from wrong in a country that is based on greed and corruption masquerading under lobbism, free market and democracy.
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  6. #6
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    Damn. Mine only jumped 14%. I'm trying.

  7. #7
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    Mine jumped 62% this year. Suck it CEOs!

  8. #8
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    Quote Originally Posted by russd32 View Post
    Mine jumped 62% this year. Suck it CEOs!
    Sorry, this is for 2010.

  9. #9
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    Well Joe, think of fairness and effectiveness this way.

    In 1965 the average CEO in the United States earned about 30 times the pay of the average worker

    In 2005, the average CEO in the United States earned 262 times the pay of the average worker.

    So it shouldn't come as a surprise the CEO want more.





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  10. #10
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    Wages do rise every year, but in most cases, will not outpace inflation.

  11. #11
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    gotta love sitting on each others board of directors

    and again, why as shareholders are we not demanding these positions be outsourced to cheaper, foreign executives?
    one nation, under surveillance with liberty and justice for few

    still not figgering on biggering

  12. #12
    eminence grease
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    Quote Originally Posted by atpjunkie View Post
    gotta love sitting on each others board of directors
    The is really the core of the issue and what never gets discussed.
    You'd be better off with a netbook, they do everything better.

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  13. #13
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    Quote Originally Posted by atpjunkie View Post
    gotta love sitting on each others board of directors

    and again, why as shareholders are we not demanding these positions be outsourced to cheaper, foreign executives?
    Good and honorable question.

    Perhaps the percentage of shares managed by mutual funds, not individuals, has something to do with it. Or maybe the rules governing proxy revolts to reign in CEO/BOD shenanigans needs revisiting. But I am not aware of any loyalty oath to any country required to achieve corporate status ... and with the global economy, its fairly easy to see where we are headed.
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  14. #14
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    Quote Originally Posted by atpjunkie View Post
    gotta love sitting on each others board of directors

    and again, why as shareholders are we not demanding these positions be outsourced to cheaper, foreign executives?
    I think they should not be allowed to sit on each other's boards. That's a conflict of interest IMO.

  15. #15
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    Quote Originally Posted by tcufrog02 View Post
    Damn. Mine only jumped 14%. I'm trying.
    Ha. Mine's up at least 40%. Worked hard but I did the year before too. Still down from the last Pres. term.

  16. #16
    DBT
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    Quote Originally Posted by NJBiker72 View Post
    Ha. Mine's up at least 40%. Worked hard but I did the year before too. Still down from the last Pres. term.
    Obama cut your pay?

  17. #17
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    Quote Originally Posted by DBT View Post
    Obama cut your pay?
    No. Dick did. Economy has just stagnated and it has been a slow climb back.

  18. #18
    AJL
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    Quote Originally Posted by atpjunkie View Post
    gotta love sitting on each others board of directors

    and again, why as shareholders are we not demanding these positions be outsourced to cheaper, foreign executives?
    LOLZ!
    “In an honest search for knowledge, you quite often have to abide by ignorance for an indefinite period.”
    – Erwin Schrödinger, 1948

  19. #19
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    but they do

    Quote Originally Posted by tcufrog02 View Post
    I think they should not be allowed to sit on each other's boards. That's a conflict of interest IMO.
    and here's how the good ole boys club works

    sitting around a table discussing Exec A's Compensation is Exec B,C,D, E, etc....

    "what's the average pay for a CEO?"
    "X Amount of dollars"
    "Would we not agree that Exec A is above average?"
    "We concur!"
    Exec A gets a raise, his raise then raises the average for average pay
    1 week later Exec A,C,D, E are sitting on the board of Exec Bs company and determining his compensation

    repeat ad nauseum with average pay going from 60x the lowest paid salary to 400x. None of it based on performance but them voting each other raises and constantly raising the average pay scale

    cause after all we have to pay these wages to keep the best......
    one nation, under surveillance with liberty and justice for few

    still not figgering on biggering

  20. #20
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    Quote Originally Posted by atpjunkie View Post
    and here's how the good ole boys club works

    sitting around a table discussing Exec A's Compensation is Exec B,C,D, E, etc....

    "what's the average pay for a CEO?"
    "X Amount of dollars"
    "Would we not agree that Exec A is above average?"
    "We concur!"
    Exec A gets a raise, his raise then raises the average for average pay
    1 week later Exec A,C,D, E are sitting on the board of Exec Bs company and determining his compensation

    repeat ad nauseum with average pay going from 60x the lowest paid salary to 400x. None of it based on performance but them voting each other raises and constantly raising the average pay scale

    cause after all we have to pay these wages to keep the best......
    Jealous much.

  21. #21
    xxl
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    Quote Originally Posted by NJBiker72 View Post
    Jealous much.
    Who wouldn't be jealous of someone who'd found a reach-around to decouple pay and performance?

    I don't think that's how Adam Smith, et al., thought capitalism was supposed to work.

  22. #22
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    not jealous at all

    Quote Originally Posted by NJBiker72 View Post
    Jealous much.
    I get paid based on my performance, not from some of my bros just hooking me up

    tell me, with the performance of the banking/financial sector the last 3-5 years do you feel they deserve bonuses / raises after busting our system and requiring bail outs of your and my $$$$?

    if you failed that bad would you feel you deserved a raise?
    one nation, under surveillance with liberty and justice for few

    still not figgering on biggering

  23. #23
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    Quote Originally Posted by xxl View Post
    Who wouldn't be jealous of someone who'd found a reach-around to decouple pay and performance?

    I don't think that's how Adam Smith, et al., thought capitalism was supposed to work.
    No I meant jealous of the intelligence and work effort to get to that level.

  24. #24
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    Quote Originally Posted by atpjunkie View Post
    I get paid based on my performance, not from some of my bros just hooking me up

    tell me, with the performance of the banking/financial sector the last 3-5 years do you feel they deserve bonuses / raises after busting our system and requiring bail outs of your and my $$$$?

    if you failed that bad would you feel you deserved a raise?
    Bonuses are compensation. In bad years they are lower but it does not mean that people should not get paid. The whole "bonus" hype is the media playing on public ignorance.

  25. #25
    eminence grease
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    Quote Originally Posted by NJBiker72 View Post
    Bonuses are compensation. In bad years they are lower but it does not mean that people should not get paid. The whole "bonus" hype is the media playing on public ignorance.
    Ask the 5000 Cisco employees who their jobs while John Chambers was pulling down $112M. Ask me as a shareholder how I feel to see my Cisco investment lose 80% of its value. Bad years lower? Gee, $112M sounds like a pretty good year to me while the company performance would suggest otherwise.

    There are a lot of bright CEOs. There are also a lot of stupid ones. They often get paid the same. Give us the Horatio Alger explanation one more time.
    You'd be better off with a netbook, they do everything better.

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