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View Diary: New rule -- the maximum wage (72 comments)

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  •  Should the president of a university (2+ / 0-)
    Recommended by:
    hnichols, RandomNonviolence

    be more handsomely compensated than the President of the United States?  Hmmm . . .

    Not everything that can be counted counts. Not everything that counts can be counted. Albert Einstein

    by annie em on Tue Feb 26, 2013 at 10:46:54 AM PST

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    •  annie - I think that senior executive compensation (3+ / 0-)
      Recommended by:
      nextstep, gfv6800, Words In Action

      for universities will become a real issue particularly with the financial challenges of higher education and rapidly rising tuition costs.  The discussion will initially focus on public colleges and universities but the author raises the issue of federal compensation guidelines for any entity receiving research grants, which could certainly include private universities.

      "let's talk about that"

      by VClib on Tue Feb 26, 2013 at 12:13:34 PM PST

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    •  Compensation to Pres far more than just salary (1+ / 0-)
      Recommended by:
      VClib

      To match living in a mansion similar to the White House in a high value real estate market plus staff is worth several million per year on an after tax basis.  There is also the retirement pay and payments for an office after one leaves office.

      Lastly, because he was President, after Pres Obama leaves office he will be able to speak at conferences for $200,000 per lunch or dinner.

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Tue Feb 26, 2013 at 01:17:12 PM PST

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      •  Still, even with all those extras, (1+ / 0-)
        Recommended by:
        achronon

        we subsidize corporations that pay their CEOs much more than what we pay the President.  What bothers me most about the responses to this blog is that people are mostly concerned that people making a lot of money won't make enough. It seems to  me the concern should be that if we spent our tax dollars wisely, we could employ many more people, and lift others out of poverty.

        Not everything that can be counted counts. Not everything that counts can be counted. Albert Einstein

        by annie em on Tue Feb 26, 2013 at 01:58:39 PM PST

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        •  Most Americans are ok with people making lots (1+ / 0-)
          Recommended by:
          VClib

          of money honestly as long as it is made in the private sector and not due to a government created monopoly (other than patents and copyrights), or from government contracts. They also don't believe government should have laws limiting how much money they can make.

          Note I describe how most Americans feel not all.

          The most important way to protect the environment is not to have more than one child.

          by nextstep on Tue Feb 26, 2013 at 02:54:02 PM PST

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          •  If people in the private sector are (0+ / 0-)

            being paid with my tax dollars I mind very much how much they make as I think most American would if they would take a second to think about it.

            Not everything that can be counted counts. Not everything that counts can be counted. Albert Einstein

            by annie em on Tue Feb 26, 2013 at 04:52:51 PM PST

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          •  I would favor a pay cap, cast in terms which--some (0+ / 0-)

            day when the regulators get off their duffs--will be reportable to shareholders:  what is the multiple of the lowest paid worker to reach the CEO pay?  Set it at a generous figure--100 times?--but then enforce it by making everything over that figure taxable at  100%.

        •  annie - I have no issues with CEOs making more (0+ / 0-)

          than the President as long as it is in the private sector. The pay of corporate executives should be determined by the board of directors or shareholders. The appropriate public policy response to excessive executive compensation is higher marginal rates, but not based on a multiple of average workers pay. All high income earners, athletes, entertainers, physician, lawyers, and fund managers should be subject to the same tax rates as corporate executives.

          "let's talk about that"

          by VClib on Tue Feb 26, 2013 at 05:43:22 PM PST

          [ Parent ]

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