Hi, DU. Let's hear some pros and cons of limiting CEO pay.

[Freeper]

Leftist Agitator (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 07:40 PM
Original message
Hi, DU. Let's hear some pros and cons of limiting CEO pay.
   
I can think of a million reasons why CEO pay should be limited, but I'm having a hard time coming up with reasons why it should not be, aside from the obvious "If you don't pay a CEO enough, they'll leave the firm!"

So anyway, let's hear some points for and against limiting CEO compensation...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1421305

KittyWampus Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 07:43 PM
Response to Original message
1. How exactly to you limit their pay? Constitutionally. Just asking.

Darn that Constitution ruins all their fun.

bbinacan Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 08:29 PM
Response to Reply #6
22. I'll elaborate
   
Why stop at capping a CEO's salary? Let's cap yours. How much do YOU make. If I think you make too much, I/WE should be able to cap it. Government mandates such as this are just plain stupid. If you don't feel comfortable listing your salary here, though I don't know why you would, PM me. I'll check the cost of living in your area and will "help" you determine what you should be paid. This is, of course, what MY perception is of your needs. I might think that an extra bathroom in your house or an extra car in your garage (do you really need that garage? hmm) are worth paying you for.......

Ouch

handmade34 Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 07:46 PM
Response to Original message
4. the only way to do it...
   
start a movement, educate consumers and collectively boycott the company they represent

Has any of their little boycotts worked yet?

hunter Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 08:23 PM
Response to Original message
20. A steeply progressive income tax rate will do it.
   
Something like 90% when they hit the top 0.1% of income.

90% of their 10 million dollar corporate theft, um, "bonus" would go straight to the public welfare.

If the uber-wealthy leave the country, ****'m and good riddance. Take away their citizenship and lock them out.

Then who is going to pay all those 90% tax rates that you dream of?

maxrandb Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 08:39 PM
Response to Original message
25. I say; "pay 'em whatever the hell you want, BUT
   
tax them at 90% for everything that's not re-invested in their company.

 

JHB Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 08:40 PM
Response to Original message
26. High income tax rates on high incomes.
   
Edited on Tue Jul-05-11 09:21 PM by JHB
If executives can only stuff so much in their pockets before it gets taxed to kingdom come, they will make different decisions about how to allocate those resources.

The real effect of highly progressive tax rates is not to "soak the rich", it's to change the decisions they make with their money and and put a break on how fast they can get rich-er. Make it less worth their while to squeeze for every last cent they can get.

Rather than micromanaging everything, you just impose a broad condition on the playing field and let the market take its course (don't you love the irony?).

Best of all, it's already been tried and tested, and it worked. Here in the USA, in the 40s 50's and 60s. It's one of the things that helped build up the middle class back then.

 

The DUmmies economic plan:
1 Tax the piss out of the rich.
2 ??????
3 teh Winnah!!!!!!1111111

[Delmar]

Dark (1000+ posts)             Tue Jul-05-11 07:57 PM
Response to Reply #5
9. If you're going to do that, you'd have to do "median employee compensation," not average.  Averages can be skewed. Medians can't. (I've given it a lot of thought, but personally believe sky high taxes on ridiculously wealthy would be better).
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Sounds like DUmmie Dark has thought this through and has all the angles covered--probably an economics professor at Columbia.

[GOBUCKS]

I don't think they realize that in the '40s, '50s, and '60s, losers like them were still losers.
And they didn't live nearly as well as losers do today.

[BEG]

bbinacan Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 08:29 PM
Response to Reply #6
22. I'll elaborate
   
Why stop at capping a CEO's salary? Let's cap yours. How much do YOU make. If I think you make too much, I/WE should be able to cap it. Government mandates such as this are just plain stupid. If you don't feel comfortable listing your salary here, though I don't know why you would, PM me. I'll check the cost of living in your area and will "help" you determine what you should be paid. This is, of course, what MY perception is of your needs. I might think that an extra bathroom in your house or an extra car in your garage (do you really need that garage? hmm) are worth paying you for.......

But Obama says $200k and over is rich for an individual, no matter where you live. So why would it matter where they OP lives DUmmie?

[DumbAss Tanker]

How about "When you don't reward excellence, you don't get excellence."  What's the incentive for a CEO to push an organization on to newer and bigger things if they are just working to a limit?

[GOBUCKS]

How about "When you don't reward excellence, you don't get excellence."  What's the incentive for a CEO to push an organization on to newer and bigger things if they are just working to a limit?

I think you've just discovered why communism is such a smashing success in creating prosperity.

[SSG Snuggle Bunny]

handmade34 Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jul-05-11 07:46 PM
Response to Original message
4. the only way to do it...
   
start a movement, educate consumers and collectively boycott the company they represent

What about the workers of those companies who will be laid-off when productivity slows?

And would you boycott something like--say--an HIV vaccine manufacturer or a pot dispensary?

[formerlurker]

I don't think they realize that in the '40s, '50s, and '60s, losers like them were still losers.
And they didn't live nearly as well as losers do today.

H5.

[formerlurker]

CEOs live their job.  They work 60-80 hours a week.  They are never home.   That work schedule/load didn't start when they became a CEO, they busted their asses for years (if not decades) to obtain the title.   

This misfits should be thankful for the CEOs of their company -- the reason they have a job and paycheck is because of their leadership and brutally hard work.

[Ralph Wiggum]

hunter Donating Member (1000+ posts)
Tue Jul-05-11 08:23 PM
Response to Original message
20. A steeply progressive income tax rate will do it.
   
Something like 90% when they hit the top 0.1% of income.

90% of their 10 million dollar corporate theft, um, "bonus" would go straight to the public welfare.

If the uber-wealthy leave the country, ****'m and good riddance. Take away their citizenship and lock them out.

I wonder if you've thought of the unintended consequences of this action, like you'll really be able to do it.

CEO's will have their salaries reduced and be "paid" in stock options.  There's plenty of ways around your little plan, DUmmies.

[Karin]

Then who is going to pay all those 90% tax rates that you dream of?

 Hunter with the rainbow flag avatar didn't really think that through, did he?   They never stop to consider how easy it is to just pick up and move, when you have those kinds of resources.  They can fly to the sunny Cayman Islands within the hour if they wanted to.  

It's a ridiculous thread with the commie White Wolf joining in, of course.  One nameless DUmmie said she was in favor of outlawing CEOs and CFOs.  

[Ralph Wiggum]

It's a ridiculous thread with the commie White Wolf joining in, of course.  One nameless DUmmie said she was in favor of outlawing CEOs and CFOs.  

And how exactly do you do that?

I guess DUmmies think that companies will just run themselves.

[SSG Snuggle Bunny]

And how exactly do you do that?

I guess DUmmies think that companies will just run themselves.

Once the bourgeouis has been abolished and their artificial antagonisms designed to divide the people against each other are buried with them the once oppressed proliteriat will stand together as selfless brothers and sisters in perfect equality where all decisions are reached by consensus for the collective good.

No, really. Totally true story. I read it in a book.

[Karin]

That's what White Wolf keeps saying.  All these companies should be turned over to the "workers" to run.  So, if a guy hired for his strong back and weak mind can't make head nor tail out of a balance sheet, well, then that's.....something.  I guess.  Not sure how that's supposed to work.  What would really happen is everyone would clock out and hit the bars.  Company's dead in a week. 

[GOBUCKS]

RoadRage  (1000+ posts)        Wed Jul-06-11 10:17 AM
Response to Original message
71. Shipping our best & brightest Over-Sea's...

Anyone stupid enough to type "Over-Sea's" should be shipped somewhere.

[Karin]

   Yeah, that's pretty impressive right there.  He had to actually work to create that mess. 

[sybilll]

Is every single DUer a community organizer, teacher, union member, or what?  Don't any of them work, for say FedEx, International Paper, MedTronics, or any other corporation that is renowned for superior wages and benefits?  My old boss started with nothing and built a billion dollar international company.  The CEO is wildly rich.  So?  He paid me handsomely for good, hard, dedicated work.  I never once begrudged his wealth. 

[SSG Snuggle Bunny]

...My old boss started with nothing and built a billion dollar international company.  The CEO is wildly rich.  So?  He paid me handsomely for good, hard, dedicated work.  I never once begrudged his wealth. 

hater