The Cellar - Purpose of any Company is Profits

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Quote:

Originally Posted by LJ (Post 558799)

my point was simply that they DO in FACT make millions of dollars. well...they GET millions of dollars. one way or another.....

Also, I though it naive of you to differentiate between them and corporate execs based on that criteria in the first place.

let's just go back to being strangers.

Having a salary that pays you millions of dollars, and getting a golden parachute that is worth millions of dollars is not the same thing as raising millions of dollars that will be spent on a campaign. People in Congress do not MAKE anywhere NEAR what most CEOs make. Money that people in Congress may make outside of their salary (like speaking gigs) has nothing to do with what they are paid while in Congress. Yes, they capitalize on their position, but they still don't make as much a CEOs do.

I think in some cases they make more. They have much better benefits and they get all those goodies on the side from people like redux, or what he used to do/does/did...

Quote:

Originally Posted by sugarpop (Post 558838)

Having a salary that pays you millions of dollars, and getting a golden parachute that is worth millions of dollars

Good God do your realize how small a percentage of people you are talking about in a very limited range of situations?

Quote:

Originally Posted by classicman (Post 558895)

I think in some cases they make more. Th4ey have much better benefits and they get all those goodies on the side from people like redux, or what he used to do/does/did...

People like me?

Damn...what did I do now?

You paid all the elected officials off.. we now have wiretaps to prove it too!

Quote:

Originally Posted by Bullitt (Post 558534)

I know what his job entails and he is a key part of determining the direction of the company, directing people and resources, making decisions that greatly affect the future of the company, not some goofball salesman in a plaid suit pitching ideas to a board. That's the way this company is structured, he manages a number of salespeople, market research folks, product prototype developers, etc., and uses these resources in collusion with other "executives" or whatever you want to call them, to make decisions about how the company should be run and where it is going. The point is, he is an example of a white-collar worker whose salary, purely due to it's size, is something of a target by people with an obsession to demonize anyone associated with those at or near the top of a large company.

Which is why CEOs once earned a massive 17 times more than the average employee.

How did companies (ie Ford) get productive? 1981 Ford was taught by Deming that the executive's job is "attitude and knowledge". Not decision making. That means providing direction - the strategic objective - then spending time verifying that employees are properly managing the accounts and properly trained to do so.

How was pre-1981 Ford fixed? Ford went from 48 levels of management (all who worked very hard) to 5 levels. Suddenly employees were empowered to do their job - and therefore did work better. Suddenly bosses no longer made so many decisions. Suddenly bosses provided attitude and knowledge by working for the employees. Suddenly Ford went from record losses to record profits in nine years. Why? Executives were no longer so important. The "too many white collar" problem was diminished. What did change? Decisions were made at lower levels where decisions are best made by the little people.

Again - Apollo 13 - the hero was never the big executive. If top executives are making heroic decisions, then communism exists. The hero was the little guy who did not even have a name. Executives do not make success. Executives only make success possible. As a result, the CEO deserves a massive 17 times more money - and no more.

Quote:

Originally Posted by TheMercenary (Post 558918)

Good God do your realize how small a percentage of people you are talking about in a very limited range of situations?

yes, I do. I say it over and over, the top 2 %. But people here still seem to think I am talking about them. :rolleyes:

Quote:

Originally Posted by classicman (Post 558895)

I think in some cases they make more. They have much better benefits and they get all those goodies on the side from people like redux, or what he used to do/does/did...

Please. Where are they hiding it then?

You cannot be serious.

Show me a congressperson who takes home 20 or even 10 million dollars a year.

Sugar - after being proved wrong by LJ you are now starting with me and changing your claim to salary. Have fun with that on your own.
If you want to see what they at least claim they are worth, just look it up yourself. On average, they are filthy rich.
OH fuck it - here...
http://www.opensecrets.org/pfds/wealth_summary_img.php

That better? That's what WE are talking about.

How exactly did LJ prove me wrong?

And does that chart show where the wealth came from? a lot of people in Congress (Dianne Feinstein for example, or John Kerry or John McCain) have spouses who earn obscene amounts of money.

Can you please provide a link?

Also, I am not "starting" anything with anyone. I am responding to things people said to me.

http://www.opensecrets.org

Oh and the number of execs making 10 or 20 million is not as large as you appear to think.

A lot of people in politics come from families with money. It's the same the world over. It costs a lot of money to get elected, and it's pretty tough the first time when no one knows you, so that precludes a lot of poor or average people from entering the arena.

OK. From the website you posted, the highest net worth of someone in Congress is Jane Harmon at:
Rank Name Min Net Worth Average Max Net Worth
1 Jane Harman (D-Calif) $236,280,153 $397,412,077 $558,544,002

She is rich because she is married to Dr. Sidney Harmon, who founded Harmon Kardon Inc., the big electronics company. They have all kinds of stocks.

Most of the people in Congress have all kinds of stocks, and many of them have spouses who have very lucrative jobs. But, it would seem you are right, and a lot more people in Congress have a lot more money than I thought they did. The point I was making though, is that they don't make a lot of money because they are in Congress.

However, I concede. You and LJ were right, and I was wrong. So yea, let's get them as well.