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Now, 10% own 80% of the nation's property -- and 13,000 of its richest families have net worth equal to the 20 million poorest families.
The richest 1% of Americans own 37% of the wealth -- more than the poorest 90%.
The richest 1% paid a third of the nation's taxes but had 19% of the taxable income (in 1999).
Now, the nation's 10 highest paid CEOs make $154 million a year as opposed to the $3.5 million made by the top 10 in 1981.
The average CEO of a major corporation makes $13.1 million a year in compensation (about $36,000 a day).
In 1974, the average CEO made 34 times as much as a production or non-supervisor worker.
In 1980, the average CEO made 45 times the pay.
In 1990, it was 96 times as much.
In 2000, it was 458 times as much.
Originally posted by Seekerof
The "slaves" aren't going to do squat...sorry to say.....what enomus describes, without the numbers, is what has been happening since man began to become civilized and live in villages, towns, and cities, thus creating society and civilization.
Babylonians had religious and private caste systems.
Egypt had a religious caste systems.
India had caste systems.
Greeks, even with Democracy, had systems embodied the "have" and "have nots".
Romans called it and termed it the "Patron/Client Relationship".....aka: Patricians and Plebians....the "have" and "have nots."
This is a simple "fact" and the theory of Communism could not fix it, even in implemented form: Socialism.
More than likely, it will never change, except in "face value", but in truth, will always exist.....
So basically, "we" deal with it.
regards
seekerof
[Edited on 17-1-2004 by Seekerof]
Originally posted by Springer
As the CEO YOUR ass is on the line when it comes time to see if EVERYONE performed as they were exepcted to...
As CEO, it is YOUR ability or lack of that will ultimately "win the day" or, LOSE the day, the investors and ALL the money...
[Edited on 1-17-2004 by Springer]
Originally posted by Springer
The TYPICAL CEO in America started his/her company out of not much more than a vision of what it "COULD BE" and everything he/she owned at RISK to see if it could become that.
[Edited on 1-17-2004 by Springer]
Originally posted by groingrinder
Yeah I am sure there are alot of good ceo's like there were alot of good NAZI'S. However it torques my head gasket to see tens of thousands of folks lose their retirement plans and get laid off while a CEO gets paid a bonus of 10 million dollars for doing it.
Originally posted by superpower
Originally posted by groingrinder
Yeah I am sure there are alot of good ceo's like there were alot of good NAZI'S. However it torques my head gasket to see tens of thousands of folks lose their retirement plans and get laid off while a CEO gets paid a bonus of 10 million dollars for doing it.
Generally if they were making money for the company, being productive and are considered valuable then they will not get layed off and it's unlikely they are poor--unless the company completely flames-out which is quite rare still. Most people will get severance and probably have an idea well in advance that their job is in danger. If they lost their entire retirement plan -- they were stupid not to be diversified. Most people now have 401ks that can be diversified. I feel sorry for those people who screwed up, but that's life. I'd rather have a few stupid people disappointed and temporarily on welfare or getting a student loan if necessary than live in a communist state.
On the other hand there are a ton of people making $50-60,000 (+10s of thousands in other benefits) who don't do jack for the company. Talk about hundreds of people like that and you can very easily be in the $millions of waste.
It's the CEO's job to cut this riffraff loose. Any decent CEO will tell you that layoffs and firings are normal and to be expected. Some people just don't cut it, and since this is not socialism their employment is "kaput". Other times simply the company changes direction. If a CEO saves a company $50m, keeps it in business and keeps all the rest of employees, safegurads shareholder investment--then how much is that worth?
The Rich have the luxury of saving their money, or they spend it on luxury/designer items, that just cycles the money amoungst the rich.
there is a positive to everything, you just have to find it...
maybe if you're stuck in this sad mindset that not having a lot of money makes you a have not then maybe you deserve the misery you live in.
yes, in these days of multi-billion dollar corporations and CEOs that make 36,000 a day...you are a have not. i'm not saying you need a million dollars to be happy, but if you're not making that million dollars then you're not the one this society is set up to cater to...it's supposed to be 'for the people', but it's not...you seem completely content to live your life while the 1% keep getting control of more and more of the power in this country, i'm not.
i'm a have not? says who? society? pish posh! you? dont think so. i'm a have as i have what i want and need. you and anyone else can call me a have not but i am who i am, not who you think i am according to someone elses standards. i apply my standards to me and to me i am a have as i have what i want and need in this world. i have no use or want for money i'll never use. i have no want or desire for a huge house or expenseive cars. i just dont buy into the hype society wants to sell me. i dont "get it" and to be honest i dont want it.