How to clamp down on executive pay

The cost of living is what you earn plus 5%. No matter who you are or what you earn.

In our little socialist way, we want the uneducated who strike and destroy the economy to earn the same as the ''executives'' who generally build business...... and the ANC have said this so many times its now become fact .... with exception of the ANC execs of course.
 
Just what the country needs - more state control, regulation and interference.

Shareholders already have all the rights they need. It's called "ownership", a concept legislation of this sort actually seeks to limit. It transfers powers from owners to employees/workers and further accelerates our slither into backwardness aka socialism.
 
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Retard by using Whitey Basson as an example. He took nothing and made it the biggest retailer in Africa which employs 10000s. He also created wealth for this shareholders. He himself is the biggest shareholder. This 'pay gap' will never narrow no matter what you do. It is simple mathematics.
 
Love this....
 

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As a shareholder, I care about one thing, and one thing only - Return On Investment. I will vote to approve any executive pay that reliably gives me my ROI. Stop attacking the top 1% (who aren't even that rich) and start looking at the real problem - the bottom 40%, who have no skills, no accountability, and a bad attitude. Actually, you can't even look at the bottom 20%, since they will never find gainful employment, you know, with their room temperature IQ and ANC indoctrinated entitlement attitude.
 
Drunkard #1 said:
As a shareholder, I care about one thing, and one thing only - Return On Investment. I will vote to approve any executive pay that reliably gives me my ROI. Stop attacking the top 1% (who aren't even that rich) and start looking at the real problem - the bottom 40%, who have no skills, no accountability, and a bad attitude. Actually, you can't even look at the bottom 20%, since they will never find gainful employment, you know, with their room temperature IQ and ANC indoctrinated entitlement attitude.
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this

be happy at least you have a job. Chance comes i'm replacing you with code.
 
VJB 449 said:
Retard by using Whitey Basson as an example. He took nothing and made it the biggest retailer in Africa which employs 10000s. He also created wealth for this shareholders. He himself is the biggest shareholder. This 'pay gap' will never narrow no matter what you do. It is simple mathematics.
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There are ways of narrowing the pay gap. France did so quite effectively in the 1980s through legislation. It's understandable that executive pay should be rewarded many multiples above standard pay, if they perform; but the kinds of disparities we're currently seeing are staggering. Is it really acceptable for an executive to earn R20mil a year while their factory workers earn R36000?

You can say it's appropriate for higher value employees to be paid far more than lower value ones, but it's also beyond question that doing so perpetuates a cycle of financial elitism that becomes increasingly difficult to escape from.
 
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What about the Zuma cadres? Don't work, don't care, steal and lie and get paid millions.
 
cerebus said:
There are ways of narrowing the pay gap. France did so quite effectively in the 1980s through legislation. It's understandable that executive pay should be rewarded many multiples above standard pay, if they perform; but the kinds of disparities we're currently seeing are staggering. Is it really acceptable for an executive to earn R20mil a year while their factory workers earn R36000?

You can say it's appropriate for higher value employees to be paid far more than lower value ones, but it's also beyond question that doing so perpetuates a cycle of financial elitism that becomes increasingly difficult to escape from.
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Yes, it is acceptable for an executive to earn R 20 mil. He needs it to live the sort of lifestyle he deserves. You know, the modern, western lifestyle, gained through genetic luck and a culture which promotes advancement and excellence by rewarding people who contribute to society, while still supporting the ungrateful bottom 40% who contribute nothing.

The poverty cycle is a myth - those at the top are there because they contribute to advancement and excellence. Those at the bottom are there because they rely entirely on others to provide them with employment. They would be replaced by robots, if they stopped breeding like rats.
 
cerebus said:
You can say it's appropriate for higher value employees to be paid far more than lower value ones, but it's also beyond question that doing so perpetuates a cycle of financial elitism that becomes increasingly difficult to escape from.
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Socialism has been tried, it does not work. Why reward those in society that does not want to contribute?
 
Drunkard #1 said:
Yes, it is acceptable for an executive to earn R 20 mil. He needs it to live the sort of lifestyle he deserves. You know, the modern, western lifestyle, gained through genetic luck and a culture which promotes advancement and excellence by rewarding people who contribute to society, while still supporting the ungrateful bottom 40% who contribute nothing.
The poverty cycle is a myth - those at the top are there because they contribute to advancement and excellence. Those at the bottom are there because they rely entirely on others to provide them with employment. They would be replaced by robots, if they stopped breeding like rats.
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So firstly skipping over the latent racism in the bottom part of that post, it's provably untrue. Those at the top are there largely through scoring big on the genetic slot machines (inherited wealth, parentally financed business degrees, natural intelligence and yes hard work). Those at the bottom, towards whom you evidence pure disgust, are in other first-world countries called blue collar workers, and have rights and privileges which we wouldn't think of bestowing on them here.
 
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VJB 449 said:
Socialism has been tried, it does not work. Why reward those in society that does not want to contribute?
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Who said anything about socialism? And if ever there was a pervasive myth, it's the idea that the people at the bottom don't want to work.
 
cerebus said:
So firstly skipping over the latent racism in the bottom part of that post, it's provably untrue. Those at the top are there largely through scoring big on the genetic slot machines (inherited wealth, parentally financed business degrees, natural intelligence and yes hard work). Those at the bottom, towards whom you evidence pure disgust, are in other first-world countries called blue collar workers, and have rights and privileges which we wouldn't think of bestowing on them here.
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Oh, I'm patently racist. I don't believe in living with my head in the sand, pretending that everybody's equal to suit some left liberal ideology. But that post wasn't about race.

And we aren't talking about blue collar workers. The bottom 40% (especially in this country) aren't even employed. They truly contribute nothing. Even here, tradesmen are paid a living wage, and most of the ambitious ones are in the top 1%. If a qualified electrician is poor, it's his own damned fault - booze or gambling, most commonly.

As for what determines wealth, anecdotes mean ****. I want proper worldwide stats from unbiased researchers showing what percentage of the top 1% are there because of anything other than IQ, ambition and a culture that encourages and rewards success.
 
Drunkard #1 said:
Oh, I'm patently racist. I don't believe in living with my head in the sand, pretending that everybody's equal to suit some left liberal ideology.
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:sick:

And we aren't talking about blue collar workers. The bottom 40% (especially in this country) aren't even employed. They truly contribute nothing. Even here, tradesmen are paid a living wage, and most of the ambitious ones are in the top 1%. If a qualified electrician is poor, it's his own damned fault - booze or gambling, most commonly.
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Then why are you arguing about wage disparities for the unemployed/unemployable? That's a whole other conversation.
As for what determines wealth, anecdotes mean ****. I want proper worldwide stats from unbiased researchers showing what percentage of the top 1% are there because of anything other than IQ, ambition and a culture that encourages and rewards success.
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If you want worldwide stats read Thomas Pikkety. It's not my job to educate you. Frankly I doubt anybody could do that job.
 
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