Wealth Inequality

[Master Blaster]

see what the resident yahoo that started this thread is promoting? Wholesale income distribution....nothing less than that.

You mean wholesale income distribution of other peoples money dont you.  Notice these folks only want to spread your money around, not theirs.  They will never lead by example, and do fine as long as other peoples money is involved.  Problem is that other peoples money just doesnt last forever.

[Xtracho]

I had jobs as a bag boy/stocker.....janitor......garden worker...groundskeeper at a golf course.....always trying to work my way up....investing in my own education....getting all the certifications in my industry so I'd be as knowledgeable as possible.....to say I was driven would be an understatement.....Daddy always told me I could have anything I worked for....parents never bought me a car....never paid my insurance or gas/maintenance for it.....I was on my own, but they gave me a roof over my head and fed me as long as I was under their roof....and they gave me my work ethic.....that is probably the best thing they could have done.....I've earned anything nice I've ever gotten.....I'm probably never going to be rich, but I don't envy those who are............sure, I respect the ones who've earned it......the ones handed it, no......I don't care what kind of work a person does, but they should be the best they can at it....that is worthy of respect.......

Very well said and very true as well. I'll never be rich either....but I have reached the apex in my chosen career as a Captain. I clawed my way back into the industry after open heart surgery in 2011. Returning to work just 90 days post-op after passing rigorous medical testing required by the Coast Guard. Since January I've spent a total of about 6 weeks home with my girls. Being offshore here in Brazil and, when in the states, away from home taking classes to reach my goal. There is no better feeling in the world than to accomplish what you set out to do, be cognizant of the sacrifice and hard work required to do it, and earning the respect of your peers. Those are things that no socialist, liberal agenda can take away from you.

[Robert]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

[G-Man]

[quote .....at least I have their respect and it was earned.....

And that, my friends is priceless.

Does it matter what that CEO makes? Does it matter what anyone else makes?

Why, in a land of Free People do we think we need to confiscate the earnings of others because we think they are doing too well?

I applaud them.

Earn the respect of your peers. Invest in your personal integrity.

I'll applaud you as well.  

I had jobs as a bag boy/stocker.....janitor......garden worker...groundskeeper at a golf course.....always trying to work my way up....investing in my own education....getting all the certifications in my industry so I'd be as knowledgeable as possible.....to say I was driven would be an understatement.....Daddy always told me I could have anything I worked for....parents never bought me a car....never paid my insurance or gas/maintenance for it.....I was on my own, but they gave me a roof over my head and fed me as long as I was under their roof....and they gave me my work ethic.....that is probably the best thing they could have done.....I've earned anything nice I've ever gotten.....I'm probably never going to be rich, but I don't envy those who are............sure, I respect the ones who've earned it......the ones handed it, no......I don't care what kind of work a person does, but they should be the best they can at it....that is worthy of respect.......
[/quote]

And while you are proud of yourself, and your significant other is proud of you and you're a good example to kids and those around you,...... the Left thinks you're a sucker.   

[Stanley Steamer]

And while you are proud of yourself, and your significant other is proud of you and you're a good example to kids and those around you,...... the Left thinks you're a sucker.    

I have had a half dozen or more of my crew, especially the state inmates, tell me they'd never seen someone work so hard......and "do you ever sit still?".....I guess they haven't had many role models to look at??...... .......I had a few growing up......I'm really, REALLY worried about the majority of the kids these days......Wife's nephew is 21-22?.....no car, no job.....not really even wanting to do anything but play games......his great Grandma gives his daddy more $$ each week than I make working a full time job......I despise my BIL......hasn't had a job in about 5 years....he said he "deserves" his inheritance while he's young and can enjoy it..... .......his Grandma has done him a VERY great disservice in the end.......


P.S........I'm beginning to think that myself.....that maybe I'M the chump/sucker??!!.......naw....I can't not work......I'm probably going to be too broken down to work at this pace for too many more years......

[G-Man]

[quote .....at least I have their respect and it was earned.....

And that, my friends is priceless.

Does it matter what that CEO makes? Does it matter what anyone else makes?

Why, in a land of Free People do we think we need to confiscate the earnings of others because we think they are doing too well?

I applaud them.

Earn the respect of your peers. Invest in your personal integrity.

I'll applaud you as well.  

"Were does it say we have to hurt the guy, he just put a billion dollars in the pot"

Dr. Benjamin Carson Berates Obama at the 2013 National Prayer Breakfast

And BTW, Dr. Carson was NEVER audited by the IRS, until after this speech.  The IRS told him they "needed" to look at something specific, when nothing was found, they THEN said they needed to look at something else, and when that turned up nothing, they needed to look at something else.  Our gov't is now turning against the people who actually DO KNOW BETTER.

But this is still not enough to shake the savior's believers.  I wonder just what it would take?

[Moonshot_1]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

You take a bunch of statistics presented by groups with a vested interest in those statistics, assume they are accurate, highlight a handful of opulent examples and indite an entire class of people, the vast majority of whom worked hard, made sacrifices, and struggled over the years to get to where they are today.

And even if the statistics are accurate and representative of reality, what does it matter what any CEO makes? That's between the CEO and the cursed fool company paying him or her.

Is it fair? Why does it have to be? Never has been. Get over it.

No one's life will be changed one iota sticking to these guys except the for guys you are sticking to.

This makes our lives better how?

[..]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

Don't like what the CEO gets paid don't buy their product/service etc. Otherwise what the heck business is it of yours???

I do hope that any pension/IRA etc etc that you contribute to doesn't include companies with filthy overpaid CEO's. If they do YOU had better divest yourself in the morning otherwise you are a hypocrite.

[old2soon]

As Dr. Benjamin Carson is speaking pay attention to the obuminaters face.  What he isn't saying says a lot.  I would have to guess he is a piss poor poker player.    RIDE SAFE.

[rocketray]

the top 80,000 people in the world own 80% of the worlds assets   try you tube   "ethos"  the 1:10 movie minute version narrated by woody harrelson

[Robert]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

Don't like what the CEO gets paid don't buy their product/service etc. Otherwise what the heck business is it of yours???

I do hope that any pension/IRA etc etc that you contribute to doesn't include companies with filthy overpaid CEO's. If they do YOU had better divest yourself in the morning otherwise you are a hypocrite.

Whats the problem Britman? I have not shared my opinion or thoughts about those who make this much money, I picked a couple of examples of the amount of money so it can be understood fully for the discussions sake.
As for Moonshot the numbers are real and there are more with much more,  picked a couple of easy examples. 

[..]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

Don't like what the CEO gets paid don't buy their product/service etc. Otherwise what the heck business is it of yours???

I do hope that any pension/IRA etc etc that you contribute to doesn't include companies with filthy overpaid CEO's. If they do YOU had better divest yourself in the morning otherwise you are a hypocrite.

Whats the problem Britman? I have not shared my opinion or thoughts about those who make this much money, I picked a couple of examples of the amount of money so it can be understood fully for the discussions sake.

Then you should make it clear that you are simply posting some information you have found. Otherwise it appears that the words are thought of by you and then posted. 

[musclehead]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

Don't like what the CEO gets paid don't buy their product/service etc. Otherwise what the heck business is it of yours???

I do hope that any pension/IRA etc etc that you contribute to doesn't include companies with filthy overpaid CEO's. If they do YOU had better divest yourself in the morning otherwise you are a hypocrite.

Whats the problem Britman? I have not shared my opinion or thoughts about those who make this much money, I picked a couple of examples of the amount of money so it can be understood fully for the discussions sake.
As for Moonshot the numbers are real and there are more with much more,  picked a couple of easy examples. 

I guess the real question is how does this take money out of my pocket, it doesn't. there must be a mechanism beyond my understanding to take money out of my bank account by these CEO's.

most of the time I believe this class envy is just a distraction to keep eyes off of the entity that really screws us over the government.

[Robert]

I can give you one example the housing crisis which was actually created by Wall Street and lax gov regulation. Wall Street ties bonuses to the amount of money you bring in, on Wall Street they actually tell the gov what to do not the other way around. The other ways this influences us is taxes, the write off's  and other things available to them. Most in this category do pay a lower percentage of taxes. Some companies pay nothing or almost nothing in taxes. Same with exec's and the company structures all of it to get the individual the lowest taxes possible. Men like George Soros is example of corp ransacking gone bad. You see its not the money they earn alone but also its what they do with it once they have it. Some like George touch your life everyday in the form of Obama. Soros was the largest corp contributor and floated O for alot of years. I could go into a few other names to show how this impacts you or us. Do you remember the bailout, it happened we wound up paying billions in bonuses of failing or bankrupt companies. Don't you remember? While I do not begrudge anyone in what they make and if you can get it then why not. How about the gas prices we are all paying now? Do you think they are realistic and fair? Its not the money awarded to these people that is the only problem it is those looking for it that will do anything to get it and a gov not doing its job in the regulation of what can and cant be done. Its not a one sided problem it seems the social conscience of some who make it big is forgotten. If you do not pay corp taxes then there is plenty of money to pay execs.

Verizon Communications
Profits: $19.8 billion    Effective tax rate: -3.8%

General Electric
Profits: $19.6 billion    Effective tax rate: -18.9%

Boeing
Profits: $14.8 billion    Effective tax rate: -5.5%

NextEra Energy: North America's largest solar and wind power operator, based in Florida
Profits: $8.8 billion    Effective tax rate: -2%

American Electric Power: Electric utility based in Columbus, Ohio
Profits: $8.2 billion    Effective tax rate: -6.4%

Pacific Gas & Electric: California electrical utility
Profits: $6 billion    Effective tax rate: -8.4%

Apache: Houston-based oil and gas company
Profits: $6 billion    Effective tax rate: -0.3%

Consolidated Edison: New York energy company
Profits: $5.9 billion    Effective tax rate: -1.3%

El Paso: Houston-based energy company that operates the country's largest natural gas pipeline
Profits: $4.6 billion    Effective tax rate: -0.9%

CenterPoint Energy: Electric and gas utility company based in Houston
Profits: $3.1 billion    Effective tax rate: -11.3%

[FLAVALK]

I notice daddie-o ran away from his own link.  it's tough when you post something that should make your point and it does nothing but shoot you in the foot

he''lbe back.. prolly watchin Joy Bayhoe..or Chris Matthews to get his fill of liberal

Daddie-o is a pot-stirrer. I can't believe folks here continue to feed the trolls 

[Daddie O]

I got busy yesterday, I'm not running away from a thread.  Some people have other things to do than sit at the computer all day  

You never saw me suggest someone reach into a richer person's bank account and take money to hand it out to others.  Don't be ridiculous.  As I stated earlier, economic policies shifted which gave the top 1% an advantage when it comes to accumulating wealth.  This unfair advantage causes wealth to be redistributed to the top, which is what has occurred. I would like to see the economic policies shifted back to engender a more fair distribution of wealth.  Since pretty much none of you here are in the top 1%, I don't see why you would be opposed to a more protectionist tax code when it comes to the American worker.  Are you that bamboozled by big business that you can't see what is happening?  You vote and speak against your own interests.  Here is the reality:  Most large businesses are making record profits, as in more profits than they have ever made by a wide margin.  The CEO's are making tens of millions of dollars.  You think what needs to happen is more tax breaks and corporate welfare, so that they can rake in even more?  Their record profits certainly aren't being translated into more jobs or higher pay.  They are just stacking the cash.  

How about no tax breaks for companies that ship jobs overseas?  How about higher tariffs on foreign made products?  How about no more government subsidies for big business?.  I hear many of you suggest we shouldn't invest in green energy, but I have yet to hear any of you suggest no more subsidies for the oil companies?  Why is that?  How about you make it illegal for them to hide profits in banks in the Bahamas, and Cayman Islands, etc so that they dodge paying their taxes?  How about the wealthiest pay the same percentage of their income in taxes as the middle class?

Please stop being shills for corporate greed.  I am not anti big business, I am anti-unfair business practices.  I am anti-corporate lobbyist that has the ear and vote of too many of our politicians.  Business nowadays is only about making profit, with no regard for it's workers or their communities.  I would like the tax code to make it so that it is cheaper to pay an American to build a product or provide a service than it is to pay the Chinese, or Indians.  If the taxes make it too high for the companies to outsource, then they will pay Americans a fair wage or not be able to sell their product.  If it is cheaper to pay an American (because of taxes), then they will hire Americans.  More Americans at work equals more people with money to spend, equals more demand for products and services, equals more workers needed.

[MP]

You say you want more American jobs.  You say you want taxes so that it is cheaper to hire American, than buy from overseas.

How does that jibe with your desire to have HIGHER tax rates on corps in the US?  Overseas has MUCH lower tax rates than we do. So, how does having HIGHER taxes in US, translate to LOWER cost to employ Americans?

[musclehead]

I got busy yesterday, I'm not running away from a thread.  Some people have other things to do than sit at the computer all day  

You never saw me suggest someone reach into a richer person's bank account and take money to hand it out to others.  Don't be ridiculous.  As I stated earlier, economic policies shifted which gave the top 1% an advantage when it comes to accumulating wealth.  This unfair advantage causes wealth to be redistributed to the top, which is what has occurred. I would like to see the economic policies shifted back to engender a more fair distribution of wealth.  Since pretty much none of you here are in the top 1%, I don't see why you would be opposed to a more protectionist tax code when it comes to the American worker.  Are you that bamboozled by big business that you can't see what is happening?  You vote and speak against your own interests.  Here is the reality:  Most large businesses are making record profits, as in more profits than they have ever made by a wide margin.  The CEO's are making tens of millions of dollars.  You think what needs to happen is more tax breaks and corporate welfare, so that they can rake in even more?  Their record profits certainly aren't being translated into more jobs or higher pay.  They are just stacking the cash.  

How about no tax breaks for companies that ship jobs overseas?  How about higher tariffs on foreign made products?  How about no more government subsidies for big business?.  I hear many of you suggest we shouldn't invest in green energy, but I have yet to hear any of you suggest no more subsidies for the oil companies?  Why is that?  How about you make it illegal for them to hide profits in banks in the Bahamas, and Cayman Islands, etc so that they dodge paying their taxes?  How about the wealthiest pay the same percentage of their income in taxes as the middle class?

Please stop being shills for corporate greed.  I am not anti big business, I am anti-unfair business practices.  I am anti-corporate lobbyist that has the ear and vote of too many of our politicians.  Business nowadays is only about making profit, with no regard for it's workers or their communities.  I would like the tax code to make it so that it is cheaper to pay an American to build a product or provide a service than it is to pay the Chinese, or Indians.  If the taxes make it too high for the companies to outsource, then they will pay Americans a fair wage or not be able to sell their product.  If it is cheaper to pay an American (because of taxes), then they will hire Americans.  More Americans at work equals more people with money to spend, equals more demand for products and services, equals more workers needed.

I'll stop being a shill for corporate greed if you stop being a leftist class envist(is that a word?)

what EXACTLY is a subsidy for big oil? would it be a tax break that all manufacturing companies recieve?

I notice you didn't comment about what your own link said about 'the top 350', go back and take a look.

fair tax is the way to make growth achievable in the country again.

green energy isn't an investment it's a con game.how many wind turbines would you have top put up to generate the same amount of energy as a G.E. big  hydro turbine that produces 777GW? spoiler alert, a wind turbine generates 1.5 MW.

this gets poo-pooed all the time and there's no year on it either, BUT its from the IRS so that makes it offshul

[jimmytee]

We should have a flat tax, fixed Daddie O. I'm all in favor of fair taxation. The fact is, regardless how you want to put it ,companies are also moving to lower tax burdens in other countries.

What you speak of, is to take from some to redistribute to others. No matter how you frame it or spin it, that's what it comes down to. You claim it's not fair and wonder why people like me aren't in favor of the redistribution type agendas. You say people like me ,who are against this line of thought, are speaking and voting against our own interests. Well people like me think it's against our own interest go down this slippery slope of deciding who has too much money.You come from a school  of thought that we have a fixed pie from which the slices are divided. I come from a school of thought that our constitution was thoroughly vested by the founding fathers to limit the power of the government and it's effect on our lives. That our constitution was designed to give people the freedom to exercise their God given inalienable rights in the PURSUIT of happiness. Not the guarantee of happiness. I come from a school of thought that we should mentor, encourage and support our fellow man to achieve what is possible. I come from a school of thought that this country has great potential. However, the more we continue down the pathway of trying to legislate fairness , the more we stifle our country's growth.

As far as government subsidies, sure get rid of them, all of them. Stop giving money to anyone. Tax dollars only for vested Government programs, military etc.... Put a stop to the agenda of the EPA using "junk" science to create regulations that harm America's economic growth. Create a fair taxation system in the process ,eliminating loop holes and such by just simplifying the tax code. I'm all for that. We're taxed enough already.
Oh, and Robert, while you're quick to blame "Wall Street" let's look at the policies that were at the heart of the Housing crash. It was our government's attempt to legislate fairness in housing loans that started us down that slippery slope.

[Skinhead]

While we're at it, end foreign aid, get rid of the Dept. of energy (what have they done for you lately) and with the flat/fair tax, we should be able to eliminate or reduce the IRS.  Also, EVERYBODY pays taxes, no free ride based on income level, that way the poor have a stake in tax increases.

[billyboy]

Equality of opportunity, not equality of outcome. Stop taxing the money makers so they can expand the businesses they created/inherited and offer the rest of us decent jobs. Stop being so jealous of what others have worked hard to get. You're not entitled to what others have worked for; you are responsible for your own outcome. Government handouts are not the answer, we are running out of other people's money. People used to come to this country for the opportunities, now it seems they are coming for the handouts. Wealth inequality? Go live in Europe, that seems to be working out well economically.

Well said!!!!!!   

[Odin1]

 The housing market collapse was caused by The Fair Housing Act of 2006, with government intervention requiring lending institutions to give anybody with a pulse a mortgage, familys with an annual income of 50k buying 300k dollars houses with  ARM loans, now I'm just dumb 10th grade dropout, but even I knew that was a screwing, when the mortgages  starting defaulting the banks started to screw the other banks by selling them mortgages they knew were not going to be paid, if Bush would have vetoed that bill like he said he would, there would be no housing market crash which caused the latest recession, which should of been over long ago, we have a recession every 8-12 years, we were in recession when Bush took office, it's all you handle it, same with Reagan, it's all you handle it.

[Patrick]

The fair housing act was part of the civil right act of 1968 under LBJ. Congress made many changes in the late 80s or early 90s. Then when Barney Frank and Chris Dodd got their way the NINA [NINJA] loans of the 90s started. I think the housing crash is squarely on the backs of Frank and Dodd.

[jimmytee]

The fair housing act was part of the civil right act of 1968 under LBJ. Congress made many changes in the late 80s or early 90s. Then when Barney Frank and Chris Dodd got their way the NINA [NINJA] loans of the 90s started. I think the housing crash is squarely on the backs of Frank and Dodd.

[Odin1]

 You are right, I'm sorry, it was The American Dream Downpayment Act of 2006, told you I'm just a 10th grade dropout.

[Robert]

Max keiser is great to listen to if you want to really understand what happens in the markets. It this episode he is talking about corp execs pay and what they do to gaurentee themselves big pay. Its pretty eye opening. Also talks about the housing bubble.

http://www.youtube.com/watch?v=pfPA9IDwYMQ#t=1527

[Patrick]

You are right, I'm sorry, it was The American Dream Downpayment Act of 2006, told you I'm just a 10th grade dropout.

Odin, I didn't mean to mean anything with that post. I was ' just saying '. I just blame Frank and Dodd for that mess.

[.]

Frydman and Saks report that since the 1970s CEO pay has risen by 686 percent. Not coincidentally, contemporary CEO pay practices date to the late 1970s and early 1980s. Back when companies gave CEOs cash raises based on annual performance reviews, just like the rest of us, CEO pay grew modestly every year, just like pay for the rest of us, if at all.

The average S&P 500 CEO now makes over $10 million a year, according to the annual Executive Excess report from the Institute for Policy Studies. The AFL-CIO reckons that the ratio of chief executive pay to median worker pay rose from 42-1 in 1980 to 343-1 in 2010.
- See more at: http://inequality.org/corporate-governance-pay-performance-greeds-good/#sthash.GPifdHBc.dpuf

HP disclosed Apotheker former president had a severance package that paid him more than $12 million in cash and allowed him to keep most of the stock awards that he got while he was CEO. Including the salary and perks that Apotheker received while he was still HP's CEO, his 2011 compensation package was valued at $26.7 million. That figure excludes a $3.7 million stock incentive that HP canceled as part of Apotheker's severance agreement.

Don't like what the CEO gets paid don't buy their product/service etc. Otherwise what the heck business is it of yours???

I do hope that any pension/IRA etc etc that you contribute to doesn't include companies with filthy overpaid CEO's. If they do YOU had better divest yourself in the morning otherwise you are a hypocrite.

Whats the problem Britman? I have not shared my opinion or thoughts about those who make this much money, I picked a couple of examples of the amount of money so it can be understood fully for the discussions sake.

Then you should make it clear that you are simply posting some information you have found. Otherwise it appears that the words are thought of by you and then posted. 

Actually, he did make it clear, at least to my understanding. Information was posted without commentary which allows anyone perusing the information to draw their own conclusions.