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View Diary: The 23 Percent Pay Hike! America Is Back! (54 comments)

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  •  Quite honestly, who are these shareholders (6+ / 0-)

    who approve of being ripped off by their own executives?

    Wouldn't they actually prefer getting larger dividends? Wouldn't it be better if some of that money made it into R&D or capital improvements, or even God forbid into the employees pockets in order to grow the economy overall?

    Why do they all sit back and watch the execs convert corporate assets and profits into their own outsize compensation?  If you get  a .68 a share dividend, wouldn't .86 be nicer?

    The CEOS and their enablers, the BODS have installed fun house mirrors in the boardrooms where engorged and monstrous pay packages are approved as "normal". The head honcho at ACME Perpetual Motion gets 5 million so the CEO at the competing APEX Whirligigs demands even more.

    What should be happening is that the APEX BOD should look at the CEO making the demands and say, "Yes, well, we're not as stupid as they are at ACME and our job is to represent the shareholders. Our offer is 3 million, take it or leave it."

    It's all the more disgusting when these Captains of Industry are at the helm of companies that begrudge every dollar of pay, benefits and retirement going to the people doing the actual work.

    The only people who can stop this madness are the shareholders. There are large pension plans out there who hold huge blocks of stock. There are large blocks of employee owned stock in 401Ks.  These groups have to unite and start firing BODs and self serving execs who are raiding the cookie jar at everyone elses expense.

    This is a very small cabal that just needs the larger body of shareholders to stand up for their own dividends and to demand some societal responsibility to share the wealth with the employees.

    •  in the netherlands (3+ / 0-)
      Recommended by:
      Tasini, Uberbah, greenearth

      the dutch central bank forced a pension fund to divest itself of its allocation in precious metals because they weren't 'sufficiently diversified' and went to court to force it.. the court forced it.

      It just so happens precious metals have been in a bull market for 10 years straight and the best performing asset, bar none, around the world.  The central banks have been net buyers of gold for a couple years now which they claim is a worthless, non-interest paying, non-dividend paying assset

      "Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild, 1790

      by FreeTradeIsYourEpitaph on Sun Jul 03, 2011 at 10:45:24 AM PDT

      [ Parent ]

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