Purpose of any Company is Profits - screw the workers

[sugarpop]

Originally Posted by LJ

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.

[TheMercenary]

Originally Posted by sugarpop

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?

[sugarpop]

Originally Posted by TheMercenary

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.

[TheMercenary]

Originally Posted by sugarpop

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

People in the top 2% earn above 200k. That is not uber rich. It is not people who make millions. It is barely upper middle class in many parts of the US.


http://en.wikipedia.org/wiki/Househo..._United_States

According to this link the top 5% make $153,542 and above, the top !% make $388,806.

http://www.taxfoundation.org/news/show/250.html

[sugarpop]

The New York Times reported Thursday on an analysis of income tax data carried out by Prof. Emmanuel Saez of University of California-Berkeley and Prof. Thomas Piketty of the Paris School of Economics, well known for their work on income inequality.

Their research indicates that in 2005 the top 1 percent of all Americans, some 3 million people, received their largest share of the national income since 1928: 21.8 percent, up from 19.8 percent only the year before—a 10 increase percent in one year. The incomes of this group, those making more than $348,000 a year, rose to an average of more than $1.1 million each, an increase of over $139,000, or about 14 percent.

The top 10 percent of the population carried away some 48.5 percent of all reported income in the US in 2005—also the highest percentage since 1928, on the eve of the Depression—an increase of 2 percent from 2004, and up from 33 percent of the reported total in the late 1970s.

The top tenth of 1 percent (300,000 people) and top one-hundredth of 1 percent (30,000 people) enjoyed the greatest increases of all. “The top tenth of a percent reported an average income of $5.6 million, up $908,000, while the top one-hundredth of a percent had an average income of $25.7 million, up nearly $4.4 million in one year,” according to David Cay Johnston’s article.

The top one-tenth of 1 percent of the US population had nearly as much income in 2005 as the bottom 150 million Americans. Each of those 300,000 individuals received 440 times as much income as the average person on the bottom half of the economic ladder, “nearly doubling the gap from 1980.”

While total reported income rose almost 9 percent in the US during the course of 2005, average incomes for the bottom 90 percent of the population actually dropped, by $172 compared with the year before, or 0.6 percent.
http://www.wsws.org/articles/2007/ma...inco-m30.shtml

[sugarpop]

A chief executive officer of a Standard & Poor's 500 company was paid, on average, $10.4 million in total compensation in 2008, according to preliminary data from The Corporate Library.

Excessive executive compensation has taken center stage since the government bailout of banks that began in September 2008. Americans have expressed outrage as CEOs and other executives responsible for the financial crisis have pocketed millions of dollars from bonuses and golden parachutes. CEO perks alone grew in 2008 to an average of $336,248—or nine times the median salary of a full-time worker. Meanwhile, the economy tanked for working people while many companies were bailed out with more than $700 billion in taxpayer money, as well as low-interest loans and guarantees.
http://www.aflcio.org/corporatewatch/paywatch/


In 1970, CEO salary and bonus packages were typically about $700,000 - 25 times the average production worker salary; by 2000, CEO salaries had jumped to almost $2.2 million on average, 90 times the average salary of a worker, according to a 2004 study on CEO pay by Kevin J. Murphy and Jan Zabojnik. Toss in stock options and other benefits, and the salary of a CEO is nearly 500 times the average worker salary, the study says.
http://blogs.payscale.com/content/20...laries--1.html