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I was commenting on your chart. But, the latest quarter is showing lower profit, lower revenue, and downward forecasts in upcoming quarters.
Yeah, everyone is afraid to hire with Obama as President, so productivity soars and profits with it.
I was commenting on your chart. But, the latest quarter is showing lower profit, lower revenue, and downward forecasts in upcoming quarters.
Yeah, everyone is afraid to hire with Obama as President, so productivity soars and profits with it.
The "latest quarter"? That's not an indicator. That's a quarter.
So why were corporate profits going up so quickly during his first term? Were they unaware Obama was in office for 4 straight years?
The corporations should be glad it isn't REAGAN....OR NIXON! Or Bush I or Bush II or even EISENHOWER!
I can see why they fear Obama so very, very much!
EEEEEEEE!
Let's see how Obama did on GDP.
You mean the implosion of the US housing bubble that sparked the global financial crisis, right?Bush put Obama in position where there was nowhere to go but up.
So, how are you gonna stop businesses from moving to places where they don't have to deal with unions as Boeing did. They closed up shops in Washington and moved south of the Mason-Dixon line.
Whine all you want about how unfair it is, but unless you are going to pass laws forbidding companies from moving your are gonna have to get over it.
If you are OK with that, then 'fair' would dictate that employees can't leave the state either.
Education does not provide jobs.
Unions do not provide jobs either.
Companies do, based on their NEED for employees. No need, no job.
China isn't booming because they have more educated workers. They are booming because labor costs are much less than the US. Any idea how much labor goes into a new Iphone?
$8
Companies need educated workers.Only if there is work for them to do.
I don't care how much someone else makes. I am glad they are making money. Everyone hopes to do that.
If my employers are keeping an inordinate amount of the money made via the sweat of my brow - and wanting me to accept the crumbs - I'm going to care how much they're making.
Are you suggesting we emulate China?
The Hostess liquidation offers us a great opportunity to see liberal ideology work. One of our liberal friends or a consortium thereof should buy of the hostess brands and facilities, pay themselves what they believe is proper for management and owners, pay the workers "the value of their work" and show us how successful their ideology can be. But we won't be holding our collective breaths
During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking. In 1991, CEOs earned 140 times the average worker's pay. A 1993 attempt to cap compensation merely shifted more pay into options. By 2007 the median S&P 500 CEO earned in three hours what a minimum-wage worker pulled down in a year. And Great Recession or no, 2009 looks like more of the same. (SOURCE)
The Hostess liquidation offers us a great opportunity to see liberal ideology work. One of our liberal friends or a consortium thereof should buy of the hostess brands and facilities, pay themselves what they believe is proper for management and owners, pay the workers "the value of their work" and show us how successful their ideology can be. But we won't be holding our collective breaths
What I'm doing is offering a challenge to our liberal friends to prove that their ideology can work. I'm not expecting any takers though, for the obvious reasonsAgain, let history be your guide.
Up until the 1980's CEO pay wasn't grotesquely outpacing worker pay.
In 1960 the average CEO earned 40 times what the average worker earned (SOURCE)
One doesn't have to be "liberal" to see that something is askew here. And one doesn't need to be a "liberal" to run a company without piling money at the top.
(I honestly am fascinated at how our Conservative friends on these boards can justify this level of greed and excess. The mindset is absolutely fascinating! It's almost like there aren't any "blue collar Conservatives" on this board! Huh!)
During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking. In 1991, CEOs earned 140 times the average worker's pay. A 1993 attempt to cap compensation merely shifted more pay into options. By 2007 the median S&P 500 CEO earned in three hours what a minimum-wage worker pulled down in a year. And Great Recession or no, 2009 looks like more of the same.
Read more: Brief History: Executive Pay - TIME
During the postwar boom, pay for U.S. CEOs remained fairly steady in real dollars until the 1970s. But under new tax policies, the 1980s saw the rise of stock options. Intended to tie executive pay to performance, they offered the potential for huge riches with little downside, encouraging risk-taking. In 1991, CEOs earned 140 times the average worker's pay. A 1993 attempt to cap compensation merely shifted more pay into options. By 2007 the median S&P 500 CEO earned in three hours what a minimum-wage worker pulled down in a year. And Great Recession or no, 2009 looks like more of the same.
Read more: Brief History: Executive Pay - TIME
What I'm doing is offering a challenge to our liberal friends to prove that their ideology can work. I'm not expecting any takers though, for the obvious reasons
It's amazing seeing how the revolution occurred when the lower - class weren't being treated fairly while it was deemed "fair" for the oligarchs and others on the very top to hoard so much and say it was meant to be that way.....and that's something folks need to be aware of as being inherently unstable.That's what we are seeing in industry: an abrogation of the American ideal of "fairness".
Let's take the example of the CEO of Caterpillar. At a time when Cat was making big profits and paying their CEO $17 million after a nearly 60% pay raise for him the company decides that the workers should have a multi-year pay freeze.
This is simply sick.
This isn't America. This is pre-Revolution France.
America is a country dedicated to a sense of fairness and upward mobility.
.
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