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DesideriScuri -> RE: A few Labor Leader, cost 18,500 their jobs (11/25/2012 7:05:47 AM)
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quote:
ORIGINAL: freedomdwarf1
I get the same problem trying to understand when big business goes down the pan over here too.
Who the fuck can honestly justify more than half-a-million a year??
As a direct comparison, that makes the boss on 10x the salary (or more) of his workers.
Anything more than that is just obcene.
And by the time those bosses bury more than 80% of their salary in "expenses" or other tax-dodging stuff, a lot of them pay a shit-load less tax than their workers.
Workers often have to pay for their medical insurance and pensions, their cars, meals out etc. Most of the fat cats don't pay a red cent - it's a "perk" of their postion. What they actually get paid is pure beer money, almost all the rest is buried in "expenses". Us mere mortals don't have that luxury.
Many of those at the top of the tree earn more in one year than many at the bottom will ever see in their lifetime.
That, to me, is just unacceptable and nothing more than sheer greed.
If a company is losing money, everyone should take a pay-cut as a percentage of their total gross income, including shares and dividends. But do tha fat cats ever do that?? Hardly ever.
Until the fat cats are on a level playing field with the rest of us, there will never be equal justice.
So Hostess is going down... Those fats cats have paid themselves more than enough to retire on, the poor workers will now have to struggle.
Wouldn't that provide incentive for more of the "poor workers" to get into Management to be a "fat cat?" Do college kids attempt to get into the NFL simply to be able to earn a comfy living playing a game? Fuck no! They want the high pay and glamour that goes along with it. Is the Heisman Trophy winner and/or First round draft pick going to accept the minimum payment negotiated under the current CBA? At around $350k (rookie minimum), won't that be enough? Dwight Freeney will make $19M this year to play in 16 games. I'd be willing to sit in for him for a game. Hell, I might even be able to retire on that. What does Tom Cruise make per movie?
Why is it CEO's are blamed for getting paid too much when you have a whole lot of other people that make a whole lot more? Isn't the point of low-pay low-skill jobs to gain experience and learn to merit being considered for higher skill and higher pay jobs? Is it the CEO's fault that a line worker doesn't have the needed skills for jobs that require more than line worker skills?
Do I think CEO's are overpaid? I don't know. Are line workers underpaid? I don't know. According to the Market, the answer is no. Plus, it's not my place to say, anyway. Should Hostess bakers have taken a pay cut? Again, that's not my place to say. I will say, however, that people should be paid according to the value they provide the company.
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