Limit executive Incomes

[luvtoride]

I think the people running a company, should only get paid if the company succeeds. They should make money if the company does.

No cap. If your company makes enough money so you can be paid more than 500k a year, so be it. But if it doesn't, and your salary hurts your own company, isn't there a little moral responsibility there? Shouldn't you cut your own pay a bit so your company can succeed if that's what it takes?

Greed is a problem in this country, but socialism ISN'T the answer. Responsibility lies in the bosses, who need to wake up and realize their company is nose diving in time to correct it. You can't tell me NO ONE saw this collapse coming, and yet these guys kept shoveling money in to their pockets regardless.

Oh well, I can't do anything about it, so I figure a good internet rant is the best I can do.

 

[swampwater]

UHHH I think you will find if you read all of ollies posts that " No Bailouts' is his position, lets keep it apples to apples. Swampy

??????????????????
If you think thats how the system should be, your part of the problem.

People don't deserve to get paid for putting up with BS, They need to get paid for what they produce.

Nobody cared what they got paid, until they wanted me and everybody else to pay there wages.

I don't want the government telling me or anybody else what we can make or pay employees. But their's to many people with your mind set that ,I'll scre** every thing up, and then have the government bail me out.

 

[skidoorulz]

So do you think that it is ok for the government to step into a private business and tell the president what his compensation should be?

If they act irresponsibly and if they ask for the government to bail them out, hell yeah. And yeah I am sick of the all mighty business owner telling employees that he can't do more for them because he just isn't making it. All the while his kids are driving brand new cars and want for nothing. I know a business owner that just as soon as he gets back from his 3 week vacation with his wife and kids in Hawaii he is going to have to lay 11 of his 95 employees off and it sure is killing him. Ah did you think about not taking that vacation if times are so tuff? Also know a business owner who does not have a health insurance plan that could even be paid for by the employee or part him and part employee, and doesn't give any paid vacation time for his employees. Because afterall noone gives him a paid vacation or pays any part of his insurance, why should he pay for his employees. I looked at him and said boy your boss sure must be a prick. That is the mentality of all to many people in this country. It is all about me me me. I think it is time that these people wake up and realize how they got what they have. Yeah it was about hard work on their part but it was becuase of hard work on a lot of other peoples parts also.

 

[revpilot]

If they act irresponsibly and if they ask for the government to bail them out, hell yeah. And yeah I am sick of the all mighty business owner telling employees that he can't do more for them because he just isn't making it. All the while his kids are driving brand new cars and want for nothing. I know a business owner that just as soon as he gets back from his 3 week vacation with his wife and kids in Hawaii he is going to have to lay 11 of his 95 employees off and it sure is killing him. Ah did you think about not taking that vacation if times are so tuff? Also know a business owner who does not have a health insurance plan that could even be paid for by the employee or part him and part employee, and doesn't give any paid vacation time for his employees. Because afterall noone gives him a paid vacation or pays any part of his insurance, why should he pay for his employees. I looked at him and said boy your boss sure must be a prick. That is the mentality of all to many people in this country. It is all about me me me. I think it is time that these people wake up and realize how they got what they have. Yeah it was about hard work on their part but it was becuase of hard work on a lot of other peoples parts also.

Businesses like you just described left to their own devices will eventually fail. Their employees will go to work for their competitors and drive them out of the marketplace, unless.... the gov steps in and screws up the natural order of things. I hear your frustrations but it's not all rosy on the other side either, I've got it pretty good and I've taken the expensive Hawaii vacations too but: I've known some lean times and I've put all my chips on the table getting to where I'm at. It could have gone badly and I'd have lost it all while my employees would have been inconvenienced by having to find another job. Today if I provide a job for one of the 30 million people looking for one, the gov fines me 15% of whatever I pay them, makes me their nanny for healthcare and kids problems, forces me to try to stay informed of a million labor laws they make up and then they made it a law that you have to pay overtime for over 40 hours work but guess how many hours they get? 40! even though I would be glad to let them work all the hours they wanted and they would like to work extra hours- can't, it's illegal. I like people and try to hold on to good help but the regulations are forcing me to replace employees with machines every chance I get. I quit a good job to start my business and I don't have a lot of sympathy for those that want to complain about not getting a big enough share of the pie but aren't willing to go out on their own and take the pie for themselves.

 

[Wade]

If anyone's has the impression that socialism doesn't suffer from greed, your one ignorant person. You should talk to people from socialist countries. Everyone's equal, except for the party leaders, the guy that stamps your visa, or handles your light bill, or hands out the government bread, or decides whether you get the cheap drugs or the good drugs. Socialism is rampant with greed, and it drives the entire nation into the ground. Greed is everywhere, and isn't a manifestation of capitalism, capitalism has it's own type of greed.

Heck just look at the greed associated with the 3 gorges dam project. They'll never account for all the world bank money.

I don't think the government should set salary cap limits. I think it should strive to defeat the cronyism, that supports ridiculously large salaries in the first place. The guy running the company doesn't deserve 400 times more pay than the hardest worker, something's broken with the system.

Like revpilot says, you put your jewels up on the table and roll the dice, you deserve it. But, some idiot CEO that gets hired to run an established company, with a golden parachute, and no liability in the downfall of the company, doesn't deserve that kind of pay. Specially considering, they don't really don't seem to have any special abilities.

 

[Ollie]

??????????????????
If you think thats how the system should be, your part of the problem.

People don't deserve to get paid for putting up with BS, They need to get paid for what they produce.

Nobody cared what they got paid, until they wanted me and everybody else to pay there wages.

I don't want the government telling me or anybody else what we can make or pay employees. But their's to many people with your mind set that ,I'll scre** every thing up, and then have the government bail me out.

Yep, how dare I think you should be responcible for yourself. I don't need daddy government holding my hand. I have quit jobs over disputes about wages and hours. The difference between us is I don't whine about it. I either demand more from my bosses or I quit. Simple.

News flash. If you work, you put up with BS. So you are getting paid to put up with BS. The more you make, the more BS you put up with.

I would answer the last part, but to be honest. I have absolutely no clue what you are trying to say. What did I say that would indicate anything about bailouts??

A company stands or falls on how it is run and the employees in that company. If the bosses take too much, the company fails, if the employees demand too much the company fails. If you have both cituations, you are GM and that company should be in bankrupcy right now.

If my boss makes millions and I think I should be getting more, I will tell my boss. If he agrees, he pays me more. If he doesn't agree, I have the choice to either suck it up, or quit. When the company can't keep employees because the good ones refuse to work for what they pay, they will raise pay.

Bottom line.
It is NOT the governments job to set how much anybody in a private company makes. I don't care how upset people get about the money they make. If you don't like it, too bad. They were hired and a contract signed. The company is obligated to fulfill the contract. If an employee meets the standards of the contract, too bad. Pay up.

 

[Ollie]

You can't tell me NO ONE saw this collapse coming, and yet these guys kept shoveling money in to their pockets regardless.

Geeze, we were talking about the housing bubble, the oil bubble, the credit card crash that was coming. If we were talking about it 3 years ago, you can't tell me the big wigs didn't know.

The difference is, they saw it coming and tried to cash in BEFORE the crash hit. Some made it, some didn't.

We all paid the price.

 

[Super B]

If they act irresponsibly and if they ask for the government to bail them out, hell yeah. And yeah I am sick of the all mighty business owner telling employees that he can't do more for them because he just isn't making it. All the while his kids are driving brand new cars and want for nothing. I know a business owner that just as soon as he gets back from his 3 week vacation with his wife and kids in Hawaii he is going to have to lay 11 of his 95 employees off and it sure is killing him. Ah did you think about not taking that vacation if times are so tuff? Also know a business owner who does not have a health insurance plan that could even be paid for by the employee or part him and part employee, and doesn't give any paid vacation time for his employees. Because afterall noone gives him a paid vacation or pays any part of his insurance, why should he pay for his employees. I looked at him and said boy your boss sure must be a prick. That is the mentality of all to many people in this country. It is all about me me me. I think it is time that these people wake up and realize how they got what they have. Yeah it was about hard work on their part but it was becuase of hard work on a lot of other peoples parts also.

Like others said, I am sure this guy will run his company into the ground.

But if the government came into my company and put limits on my compensation, what would be my incentive to grow the company and create more jobs? IMO, if there is limitations on private business owners compensation, it will be the death of capitalism as we know it.

 

[PCDOC]

Yep, how dare I think you should be responcible for yourself. I don't need daddy government holding my hand. I have quit jobs over disputes about wages and hours. The difference between us is I don't whine about it. I either demand more from my bosses or I quit. Simple.

News flash. If you work, you put up with BS. So you are getting paid to put up with BS. The more you make, the more BS you put up with.

I would answer the last part, but to be honest. I have absolutely no clue what you are trying to say. What did I say that would indicate anything about bailouts??

A company stands or falls on how it is run and the employees in that company. If the bosses take too much, the company fails, if the employees demand too much the company fails. If you have both cituations, you are GM and that company should be in bankrupcy right now.

If my boss makes millions and I think I should be getting more, I will tell my boss. If he agrees, he pays me more. If he doesn't agree, I have the choice to either suck it up, or quit. When the company can't keep employees because the good ones refuse to work for what they pay, they will raise pay.

Bottom line.
It is NOT the governments job to set how much anybody in a private company makes. I don't care how upset people get about the money they make. If you don't like it, too bad. They were hired and a contract signed. The company is obligated to fulfill the contract. If an employee meets the standards of the contract, too bad. Pay up.

I agree 100%!!!!!!!!!!!!! You nailed it. Guessing the guys going against you on this aren't business owners or have a clear concept of what makes a business run. I have my own business and what you said is completely true.

Oh and Ollie, you use "c" too much.....cource (courSe) responcible (responSible) cituations (Situations)