You also gave us your "idea" of how why this happens. No one is saying that CEOs don't get payed more than rank and file workers or that their pay goes up more. So what. When times get tough, those decisions at the top get a whole lot tougher and the job gets harder. Again, boohoohoo since you aren't getting the raises.
This is not an isolated event, and this trend has been continuing for quite awhile now in both good times and bad. Clearly the cause of this is something other than CEO expertise being in greater demand in tough times.
Try again!
:'''''''''(
Where's my fair share! Waaaaaaaaaaaaaaaaaaa.
So if I was a CEO this is bad. I am not so it is good. Doesn't make sense when you want to cherry pick who gets to succeed and who doesn't.
If CEO salary didn't go up 28% then neither would the people who work for those CEOs. You can't ask for workers salaries to go up more than CEOs salaries. Does not compute.
Hahaha, you just got owned yet again.
Seems quite clear that its another bash the rich and shit on the guys making all the money thread. They have all the power since they have all the money booohoohooness.
Could the bankers have paid their CEOs those huge sums if the Federal Government and the Federal Reserve it created weren't there to bail them out? If the supply of credit were tight as it would be without governmental aid to banks, bankers would have to find a new profession if they hoped to make 1/3 of what they do with help from the government.When economic disparity is at an all time high isn't this even remotely disturbing to anyone in here? Check out the Forb's list you will find the Bankers on Wall Street who almost brought the US Economy to it's knees being rewarded handily. You will also see Oil Barons on the list whose companies get HUGE tax payer subsidization. I also noticed the heads of Big Insurance on there too it's enough to really piss off anyone who realizes how much our Government is bought and Paid for
I am not anti-Corporation. But can anyone out there explain to me how this can be healthy for our country when these people have the economic power to tip the scales in the favor by greasing the palms of our Congressmen/woman who supposedly represent us??
http://www.msnbc.msn.com/id/44893005/ns/business-forbes_com/#.TphVFNJVe-o
http://www.forbes.com/pictures/mef45eghm/john-hammergren#content
Economic disparity in the US.
http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States
While I don't agree with, nor ever will, any type of legislation limiting what a person can make or be paid, his point is that these CEO's and companies can and do purchase legislators and therefore legislation in order to give themselves unfair advantages. Are you in favor of CEO pay increasing due to profits gained because they purchased legislation that favors them or are you just a "free market legislation" supporter in which legislation gets sold to the highest bidder regardless of the result?
That isn't the way the "free market" is supposed to work.
And your point is rather silly since one of the OPs main targets was the banksters, most of them have been or have announced fairly large layoffs.
If your solution to this is price controls, you're wrong.
Yep, you continue to own me with your crybaby attitude.
:'''''''''(
Waaaaaaaaaaaaaaaaaaa.
Of course not. I think the solution to this is greater shareholder control of executive compensation and far more public disclosure. In most cases the people owning most of the stock have no say in how big the bucket of cash the CEO is having thrown at him is other than simply choosing to sell the stock, which is not a very good solution.
How is what CEO's do with their money any different than what private citizens do with there money when they donate to a campaign or pay for a lobbyist group to help push their agenda? The private citizen can benefit from this just the same as a CEO can.
Edit: This is disregarding direct bribes, which are of course illegal in either situation.
A private citizen doesn't have the same level of influence that a CEO does.
Yep, you continue to own me with your crybaby attitude.
Of course not. I think the solution to this is greater shareholder control of executive compensation and far more public disclosure. In most cases the people owning most of the stock have no say in how big the bucket of cash the CEO is having thrown at him is other than simply choosing to sell the stock, which is not a very good solution.
Our crybaby Forefathers managed to break away from England.
It is a common feature among assholes to claim that folk who seek justice against inequities are crybabies. This is because, feeling worthless themselves, they substitute their financial success as the only indication of personal success. In shout, egotistical blowhards always despise folk less well of then themselves to pretend that they themselves, are more intelligent, harder working, more dedicated, have better work ethic and morals, in short, anything but the fact that they are well off only by accident. They turn what should be gratitude into contempt. But then that's the classic definition of 'asshole'.
You own yourself.