How to clamp down on executive pay

[AlphaBravo]

Love this....

Indeed!

 

[AlphaBravo]

I'm so tired to hear about clamping down on the remuneration of the people that actually make the business what it is, take responsibility to shareholders and can be held liable in court for the safety, corporate governance, environmental and a myriad other issues. why should these guys not get paid what they get? I want to know that if I am willing and able to take on that kind of responsibility that I would be well compensated, otherwise what is the friggin point? for love and charity? Get real people.

The gap lies in education, not in income...income gap is a symptom of education/ambition gap...

 

[Drunkard #1]

Tough ****.

Then why are you arguing about wage disparities for the unemployed/unemployable? That's a whole other conversation.

Because they cause inequality, not the top 1%. Remove them from the stats and then re-examine.

If you want worldwide stats read Thomas Pikkety. It's not my job to educate you. Frankly I doubt anybody could do that job.

"Thomas Piketty (French: [tɔma pikɛti]; born May 7, 1971) is a French economist who works on wealth and income inequality. He is professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS) and professor at the Paris School of Economics.[1] He is the author of the best selling book Capital in the Twenty-First Century (2013),[2] which emphasizes the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. To address this problem, he proposes redistribution through a global tax on wealth.[3][4]"

Yeah, real unbiased.

 

[cerebus]

Because they cause inequality, not the top 1%. Remove them from the stats and then re-examine.

"Thomas Piketty (French: [tɔma pikɛti]; born May 7, 1971) is a French economist who works on wealth and income inequality. He is professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS) and professor at the Paris School of Economics.[1] He is the author of the best selling book Capital in the Twenty-First Century (2013),[2] which emphasizes the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. To address this problem, he proposes redistribution through a global tax on wealth.[3][4]"
Yeah, real unbiased.

Oh so what you mean by unbiased is someone who agrees with your worldview.

 

[Vrotappel]

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.

Really, I see them at my work very day, no initiative; need spoon feeding all the time. When it's bonus time they are upset. There is this entitlement culture that eats at the fabric of society. Capping pay so that the bottom feeders can catch up is nothing but socialism.

I definitely have the opinion that executive pay is a problem; however this is something that shareholders must sort out as it is their money that is paying this pay.

Government can set the example by capping all state owned entities CEO salaries at 20 times that of the lowest paid worker.

 

[hellfire]

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.

I love that line.