patrick.net

Robber Baron Elite Scum says

Yes it is. Why else are companies outsourcing, hiring cheaper labor and cutting costs as much as possible?

Because then the top execs can earn $10MM instead of $5MM. It has absolutely NOTHING to do with a lack of capital.

How do draw any connection between a perceived lack of capital and outsourcing??

Robber Baron Elite Scum says

Which is exactly what I said.

I was agreeing with you.

tatupu70 says

the top execs can earn $10MM instead of $5MM.

Because companies need them. Without someone being a able to run a company properly which includes managing, directing and giving orders...

The company can fail. CEO is the leader for the company. They can either make or break the company.

You just can't get this through your head...

A phone rep in India can be just as good as a phone rep in the US. It will not make much of a difference for the company and they can hire the indian worker much much cheaper.

So it has everything to do with CAPITAL... They don't want to waste it and I don't have a single problem with that.

I would do the same as well.

hanera says

I was agreeing with you.

Ohh, I thought you were disagreeing.

Robber Baron Elite Scum says

Because companies need them. Without someone being a able to run a company properly which includes managing, directing and giving orders...
The company can fail. CEO is the leader for the company. They can either make or break the company.

And companies could find someone to do just as well for 1/100th of the salary they are paying their current CEO. But instead of cutting costs at the executive level, they choose to cut them at the lowest levels instead.

tatupu70 says

And companies could find someone to do just as well for 1/100th of the salary they are paying their current CEO.

Again...

The CEO is the leader of the whole entire company. Everything is his fault. If the company messes up, he messes up.

This position carries a lot of responsibility, work, stress, pressure and very very good leadership abilities.

Hardly anybody is going to accept 1/100th of current salaries.

CEOs must be compensated properly.

Why pay the low levels more money? They are the bottom feeders of the pyramid. That's how every corporation works. It's a pyramid structure.

By the way, you are the one assuming every company pays their CEO that much.

I wouldn't want to be a CEO, even with the pay and perks.

Too much stress. I'd probably spend most of my money on Psychiatrists and meds.

Mr. R B E Scum-- The largest and most powerful corporations are BANKS-- All CEO suck up to banks--the largest banks-- Being a good CEO has little to do with "running" the company and everything to do with "capitalization".If a CEO won't play the banks game he/she is replaced by one who will. In the current business decade its called "crony capitalism". In previous decades it was called corruption. Corruption is a tax on wealth generation. By some guesses as high as 10% of the GNP.

Inflation of the fiat is a tax. Since 1913 it has eroded by some guesses 80% or more of the wealth of the nation.

Access to government and the establishment of monopolies and favorable business laws for those with that access by the "representatives of the people" are another "tax" on the wealth of the nation by corporations. Some guess as high as 40% of lost incentive
for small business.

I know you don't believe me and will use antidotes to "prove" me wrong how ever it is very hard to hide the fact that this country has almost no savings compared to other countries of the world. Could it be that we are paying so much hidden tax that there is nothing left to save? Or is it just bad upbringing that makes us stupid spenders?

I think its time to put hard penalties on CEO malpractice and malfeasance. All CEO are protected by corporate law and that must be changed. Vote the bastards out--get the laws changed.