500 million in salary while the company goes bankrupt

Should CEO's have to give back their salary if their company goes bankrupt?

  • Yes, they don't deserve that salary if the company is failing

    Votes: 9 37.5%
  • No, sitting on their ass in a big office is worth millions per year

    Votes: 0 0.0%
  • yes and throw them in jail for embezzlement too

    Votes: 12 50.0%
  • no, let them collect as much as they can and the taxpayers can bail them out

    Votes: 3 12.5%

  • Total voters
    24
  • Poll closed .

ccodiane

New Member
Yes, based on how well we've pissed off countries like North Korea, Cuba and Iran, I'd say that cutting military spending would be bad.

We should cut non-military government pay rolls instead.
We've, pissed them, off? I could give a rats ass if they weren't a threat......but.......capitalism+Israel will prevail. Thank God for that!
 

medicineman

New Member
That's because there isn't a correlation between IQ and pay, and only fools believe that there is any way to become successful by screwing over other people.

Speaking of people kissing some one's backside, how about talking about how the Democrats are kissing Fannie's fannie?

As far as dumb asses that make good pay, yeah, I think we call those people politicians and lawyers.

And brightest individuals that don't excel in pay. Do you think maybe you are failing to realize that they haven't really got any intelligence if they can't think up of some product to sell? Or maybe they aren't interested in money, :: shrugs ::
And that's the best you've got?
 

TheBrutalTruth

Well-Known Member
We've, pissed them, off? I could give a rats ass if they weren't a threat......but.......capitalism+Israel will prevail. Thank God for that!
Iran - we shoved the Shah down their throat, so their current leadership doesn't like us (ironically the people over there probably don't like the current leadership, but invading them would be stupid.

North Korea - Same deal is Iraq, there's no peace treaty, just a cease fire (as far as I've heard.) It doesn't help that in that part of the world memories last very long times.

Cuba - Cubas like a cockroach under our heel, only an annoyance to be cleaned up, but you never know what their insane rulers might do (besides chase more cubans here.)
 

ccodiane

New Member
Iran - we shoved the Shah down their throat, so their current leadership doesn't like us (ironically the people over there probably don't like the current leadership, but invading them would be stupid.

North Korea - Same deal is Iraq, there's no peace treaty, just a cease fire (as far as I've heard.) It doesn't help that in that part of the world memories last very long times.

Cuba - Cubas like a cockroach under our heel, only an annoyance to be cleaned up, but you never know what their insane rulers might do (besides chase more cubans here.)
Jimma Carter- Nobel Peace Prize

Bill Clinton- First Black President

Cuba- Fidel Castro, et al.

And, irrelevant. The future is ahead of us. We live in the present. We can only learn from the past, not change it.
 

medicineman

New Member
Yes, based on how well we've pissed off countries like North Korea, Cuba and Iran, I'd say that cutting military spending would be bad.

We should cut non-military government pay rolls instead.


Whaaattt? The Military budget is 515 billion a year and rises exponentially. That should be the first place to cut. We have enough firepower to end the world 100 times over. If we'd keep our noses out of other countries business, we could cut that budget by 80% and still have a larger military budget than 99% of other countries. The military budget is fucking rediculous.
 

cleatis

Well-Known Member
That's because there isn't a correlation between IQ and pay, and only fools believe that there is any way to become successful by screwing over other people
in the end, yes screwing everyone hurts everyone. But look around, everything has some string attached to it. Look at a car lease, a loan or pretty much everything you need to live, it's just shy of being a scam.

And brightest individuals that don't excel in pay. Do you think maybe you are failing to realize that they haven't really got any intelligence if they can't think up of some product to sell? Or maybe they aren't interested in money, :: shrugs ::
Just because someone has a good idea doesn't mean it will come to fruition. History is chock full of examples where the people with the best idea lost. It isn't about being the smartest, or having the best idea, it's about knowing how to play the game. Capitalism is plain and simple natures game of survival of the fittest, only money is the medium of life: figure out how to play it, and you will succeed, it has close to zilch to do with the best idea. There have been zounds of worthwhile ideas, that have just sat and gone nowhere. So just because someone makes something to sell, doesn't mean it will happen.

But this leads to a larger idea. who says that selling anything and everything to make a buck is what's best? We've come to the point where people just spend money because it makes them feel good, it's hedonism in it's worst form. People are being sold extensions of their personality (that's pretty much what the car or house we always wanted is, it is sold to be an extension of your personality) so they can flaunt it and feel special. This is where the build build build sell sell sell mentality turns america into a land of used car salesman, they just don't all sell cars.
 

tipsgnob

New Member
it was just on the news that the day after the government bought AIG, several top executives spent over $400,000 on a group trip....
 

misshestermoffitt

New Member
I can't remember which of these companies it was but one of them a new CEO signed on and collected an 8 million sign-on bonus. 17 days later the government took the company over and he lost his job but kept his severance package of 12 million dollars. That means he worked 17 days and got paid 20 million dollars.

Please tell me how that can even be justified?

$400000 fpr a group trip. You know how far I could make that same amount of cash go?
 

misshestermoffitt

New Member
On the news this morning it was reported as $440000.

I don't know how much a pound of weed even costs, but I do know that $440,000 would pretty much set me up for life.

Where do I call to ask for a "bailout" package?


how many pounds of pot would 400k buy you in your area?

133 pounds for me. thats like a year supply :)
 

unity

Well-Known Member
I tell you this, NO ONE deserves to make millions of dollars while there are homeless families living in our street, and there are millions un or under insured!
I don't care how 'good' you are at something, you do not deserve million dollar compensation packages, while your fellow citizens can't even go to the doctor.
WTF is wrong with 'you' people trying to rationalize their excessive pay!
These fuckers need to be taxed at 90% above a million, that will redistribute wealth in a hurry.
And all you righties (the seven on here), don't worry, I have a economic strategy that will work for sure, it is called 'trickle up economics'!
Poor people have to spend their money in order to survive, therefore businesses will be on the receiving end, as long as they sell the shit people need, unlike what they are doing now, pushing paper from one stack to another. What a fucking disgrace!!!

Labor creates wealth! Before labor there is no capital!
 

ViRedd

New Member
CEOs should be paid whatever the board of directors and the stockholders of the company agree to pay them. However, if a CEO is found to have cooked the books in order to enrich him/her self, then prison is in order.

Salaries shouldn't be limited in any way.

Vi
 

misshestermoffitt

New Member
Salaries should be limited if the CEO's are going to expect the tax payers to be bailing them out. I didn't collect a penny of profits off any of these companies, yet I'm expected to pitch in through inflation for their rescue.
 

Bongulator

Well-Known Member
They have another shindig next week too (I shit you not). So I guess they needed a few billion more to get em thru the next week. Those billions go pretty fast these days. You know how it is!
 

misshestermoffitt

New Member
WTF, can we go to capitol hill and start throwing rocks, sticks and empty bottles at congress? Kind of like drunks at a bar do when the band sucks?
 

Da Kine 420

Well-Known Member
First, a ceo who makes that kind of money while the business fails, should go to jail. once they get the economy turned around, i believe they will go after these sneaky little fucks. I am an IB Grad and wow, it would e awesome to be taking business classes right now. This seems a whole lot like enron. I've said it before, fry Frank Raines' ass! but you guys are right, he greased so many dems pockets, they will actually run to his aide to try and save him. If I were a constituant of one of those bozo's who were defending him I would be embarressed I voted for the guy, democrats, where are you.


second, smart people do excell in pay. college graduates make more money on average than non college educated people. fact. that is not saying you need to go to college to get a good paying job. welders, heavy machine operaters, auto techs make damn good pay. also, bill gates, smartest man on the earth, is 2nd or 3rd richest man, on paper, and he dropped outof Harvard. Ah, who needs em, right. I am a firm believer in the age old saying, "it isn't what you know, it is who you know." That said, Corprate america is about kissing ass and playing the politics of the workplace. it is what it is. I am glad I am not involved.

I thought iran didn't like us because we helped iraq in that war. we also sent in troops wth helo's and got caught.
cuba doesn't like us, hmm, who was that guy who invaded cuba? are there any dems with balls left? It was a dire shame that Kennedy Jr died, he would have been a great president.
N Korea, we went to war with them a long time ago. the 38th has been one of the most dangerous places on earth since that war.

I like they idea of ceo's pay tied to te avegare worker, but get your senator/congressperson to bite the hand that feeds them. some will become ceo's or were ceo's.

Ford is and has recieved help from the govt. you say companies who were built from the ground up? what if said company(ford) had an IPO and sold stock to stockholders to finance that building process, what then? it is a publicly traded company, one that ws doing bad before this economic slump hit. what if company kills hundreds of people while covering up the fact that they didn't do proper real world tire test? please don't give me the "i built this company from the ground up" senario when the company sold stock for money. your argument holds no water. as far as mars, i don't know, but i really like snickers bars. they don't seem to be doing bad, but i don't know. with all te obese and fat people in this country, i see stock in a candy company as gold. oh, they were fixing candy prices. i couldn't find them being traded. is it private?

why not just tar ad feather them like they did in the good ol days?

and this is america, people makes as much as they can get away with.

there are companieswho have done very well at the hands of a great ceo and they do deserve lts of money, especially if they bring their own capital to the business.
 
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