The Cellar
Page 8 of 13 1234567 8 910111213
Show 60 post(s) from this thread on one page

The Cellar (http://cellar.org/index.php)
-   Current Events (http://cellar.org/forumdisplay.php?f=4)
-   -   Purpose of any Company is Profits - screw the workers (http://cellar.org/showthread.php?t=20119)

Spexxvet 04-24-2009 12:25 PM
Quote:
Originally Posted by sugarpop (Post 559621)
... I would reward people by paying them fairly and allowing them to share in the profits that they helped create...
UT tried that when he owned his own business. The business failed.

Undertoad 04-24-2009 01:17 PM
Expensive people are expensive.

lookout123 04-24-2009 01:44 PM
You pay good people enough so that they'll stay with you. You don't pay them more than that just so they'll love you. Their choice to stay or go for a specific dollar amount is entirely on them.

classicman 04-24-2009 03:00 PM
Quote:
Originally Posted by lumberjim (Post 559615)
suppose for a moment that you start a company that sells widgets.

from the ground. you build this company up to the point that it goes public, and you sell 49% ownership in stocks and there is a board of directors and you are the CEO. The company makes $20 Billion profit every year.

Who decides how much of it you get to keep?
Sugar - You avoided this question - artfully so, but I am interested in hearing your opinion of who would have this responsibility.

classicman 04-24-2009 03:02 PM
Quote:
Originally Posted by xoxoxoBruce (Post 559720)
lay off 17 people to make up $1.2 million of their budget shortfall. The CEO, who gets $740 k this year
1,200,000/17 = $70,588yr - Thats a pretty damn good wage!

Undertoad 04-24-2009 03:26 PM
Rule of thumb: actual employee costs (including ssi, benefits, etc) are salary plus a third.

sugarpop 04-24-2009 05:11 PM
Quote:
Originally Posted by lookout123 (Post 559845)
You pay good people enough so that they'll stay with you. You don't pay them more than that just so they'll love you. Their choice to stay or go for a specific dollar amount is entirely on them.
Well why the hell can't we have that same kind of attitude about CEOs and execs then?

sugarpop 04-24-2009 05:12 PM
Quote:
Originally Posted by classicman (Post 559866)
Sugar - You avoided this question - artfully so, but I am interested in hearing your opinion of who would have this responsibility.
I honestly don't know classic. I wouldn't have a problem with there being a cap on my salary to make sure my employees were failry paid.

sugarpop 04-24-2009 05:14 PM
Quote:
Originally Posted by Spexxvet (Post 559834)
UT tried that when he owned his own business. The business failed.
If that is true then I'm sorry to hear it failed UT. But can you blame it all on how much your were paying your employees, or was it something else? Probably a combination of things?

TheMercenary 04-24-2009 05:42 PM
Quote:
Originally Posted by sugarpop (Post 559890)
I honestly don't know classic. I wouldn't have a problem with there being a cap on my salary to make sure my employees were failry paid.
You might think differently if you worked hard all your life to make the company what it is from the ground up.

xoxoxoBruce 04-25-2009 01:40 AM
Yes, but that's pretty rare in the stratospheric salaries we've been talking about. Mostly hired into a cushy job, with perks up the ying yang, by an established corporation.

TheMercenary 04-25-2009 02:44 AM
But you also have to agree there are very few jobs with stratospheric salaries.

Spexxvet 04-25-2009 07:56 AM
Quote:
Originally Posted by TheMercenary (Post 559902)
You might think differently if you worked hard all your life to make the company what it is from the ground up.
Does that mean it's right to live an exhorbitantly lavish lifestyle while your employees struggle to feed their families? You certainly are *entitled* to do it, but is it right?

Spexxvet 04-25-2009 07:56 AM
Quote:
Originally Posted by Undertoad (Post 559842)
Expensive people are expensive.
And it was the right thing to do.

xoxoxoBruce 04-25-2009 11:13 AM
Quote:
Originally Posted by TheMercenary (Post 559993)
But you also have to agree there are very few jobs with stratospheric salaries.
Yes, only a few thousand, but they affect so many people they are the target of much deserved derision.


All times are GMT -5. The time now is 01:05 AM.
Page 8 of 13 1234567 8 910111213
Show 60 post(s) from this thread on one page

Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.