| |
| Writings Discussion Authors Help Search Home |
Gods 401k Plan By: John Anhalt on 4/7/2004; 12:22 AM As the starving slaves tend away at their cubicle farms, multi-national companies get fat on consumer desires. Investors fortify their crops for the season ahead garnering internal nutrients from CEOs to assure their successful growth. Wait a minute, who is really benefiting from this? Only about five percent of the world population is according to recent studies[1]. The rest of us are left fighting for scraps from the new harvest each year. Look Kobe, those silly earthlings are fighting again over those shiny yellow rocks and green paper, the extra-terrestrial Jessie Jack said observing the earth from his flying saucer. I think they really like those gold chains, Kobe responded. Seems silly, but somehow as a society, weve accepted that people will kill and be killed for those shiny rocks. Of course they dont kill just for the rock, but what the rock represents, power. Like any good basketball player asking for the ball will tell you, Will you give up the rock already? The framers of the U.S. constitution realized while creating our federal government, too much power by any one person or faction, leads to the misery of the many. This lesson learned under the British rule, required several years of wars, and many lives to be lost. How many times must we forget our history? The model hasnt changed. Why do we continue to forget our past mistakes? Well its simple, yet complex of course. We desire change, but we know it comes at a great cost. Our current course is creating an unbelievable consolidation of wealth on this planet. Corporations continue to increase the size of their pie with merger after merger, while workers are left asking, Wheres our piece? The average salary of a CEO in America since the 1980s has increased by nearly 1900%, while the average worker salary has increased only 74%[2]. How can we allow this to continue? Corporations are continuing to increase profits, even during times of recession, yet there are less jobs because companies are squeezing more productivity out of their employees, thus they have no need to hire more people. Now we have a political party who is pushing to take away social security. Excuse my sarcasm, but Im fairly certain this isnt going to benefit the working class. We cannot, as a society, allow this to happen. This will only continue to increase an already widening gap between social classes in America. If we could only sit these power mongering, money hording, nice individuals down and ask them, Youve spent your whole life acquiring green paper with little or no respect for your fellow brother and world. What the heck are you going to do with all this money youve been amassing all your life once you die? I have a strong feeling theyre hoping God has a good 401k plan. 1 http://www.osjspm.org/101_taxes.htm 2 According to recent numbers by the AFLCIO. http://www.aflcio.org/corporateamerica/paywatch/ceou/
RE: Gods 401k Plan By: Brian Carnell on 4/5/2004; 10:29 AM John wrote: "The average salary of a CEO in America since the 1980s has increased by nearly 1900%, while the average worker salary has increased only 74%." *Only* 74% in the last quarter century? Do you have any idea just how amazing that figure is -- for the average salary for workers in a country the size of the United States to increase 74% in just 25 years? (BTW, do you have a source for that, as it seems way too high unless it is not inflation-adjusted).
RE: Gods 401k Plan By: Brian Carnell on 4/5/2004; 11:35 AM According to this inflation-adjusted table from the Census Bureau, per capita income in the United States only increased 45 percent from 1980 to 2000. Median household income, however, actually only increased by 14 percent during the same period. BTW, I was curious where the 74 percent increase came from so I did some creative Googling. What is likely being referred to is the fact that total monies spent on wages and salaries from 1988 to 1998 increased by 74 percent in the United States before adjusting for inflation. After adjusting for inflation that represents a 41 percent increase in 10 years, but that isn't a 74 percent increase in average salaries and wages since the U.S. population grew significantly during those 10 years. That money, btw, would include wages and salaries paid to CEO's and other executives. According to CNN the median salary for a CEO in 2002 was $1.5 million/year.
RE: Gods 401k Plan By: Seth Dillingham on 4/5/2004; 12:10 PM On 4/5/04, Brian Carnell said: >According to CNN the median salary for a CEO in 2002 was $1.5 >million/year. Oh man, Macrobyte needs to incorporate! ;-)
RE: Gods 401k Plan By: Mark Morgan on 4/5/2004; 12:13 PM No kidding! Clearly so does Yanisar.
RE: Gods 401k Plan By: Brian Carnell on 4/5/2004; 12:16 PM Finally, the claim that "the average salary of a CEO in America since the 1980s has increased by nearly 1900%" -- according to http://hbswk.hbs.edu/pubitem.jhtml?id=2917&t=organizations">this Harvard Business School article that offers a proposal to lower CEO compensation, average total CEO compensation only increased 400 percent from 1965 to 1995. It is much more difficult to get a handle on average total CEO compensation because studies of this beast end up sampling only a small number of firms since so much of a CEO's compensation is not in the form of wages or salaries (and, hence, more difficult to calculate). The interesting thing about CEO compensation is that there has generally been a move over the last couple decades to tie CEO pay to the performance of a company's stock and other indicators of a company's health, and it is in large measure that reform that has produced some of the extraordinarily large CEO payouts, like the $140+ million that Citibank's CEO received a few years ago.
RE: Gods 401k Plan By: Brian Carnell on 4/5/2004; 12:19 PM Seth wrote: "Oh man, Macrobyte needs to incorporate!" And become Fortune 500 -- median annual compensation for CEOs there is $33.5 million according to USA Today.
RE: Gods 401k Plan By: Seth Dillingham on 4/5/2004; 12:38 PM On 4/5/04, Brian Carnell said: >"Oh man, Macrobyte needs to incorporate!" > >And become Fortune 500 -- median annual compensation for CEOs there is >$33.5 million according to USA Today. Don't need $33.5 million, I'm not greedy.
RE: Gods 401k Plan By: Brian Carnell on 4/5/2004; 12:57 PM Seth wrote:
Yeah, when you have to pay $6,000 for a shower curtain like that Tyco executive did, $33.5 million really doesn't go that far.
RE: Gods 401k Plan By: John Anhalt on 4/7/2004; 12:14 AM Brian, Thanks for the reply. Like you are finding out there are a range of reports on average CEO salaries. I've looked at numbers from 500% increase with a 5% decrease in average worker salary, to 2000% increase with a 50% worker increase. From this page you can track a companies proxy statements to find CEO salaries within the US : http://www.aflcio.org/corporateamerica/paywatch/ceou/database.cfm For some reason my footnotes were not posted. I'll post them here and if you find more data, it's always appreciated. Thanks for your time. 1 http://www.osjspm.org/101_taxes.htm 2 According to recent numbers by the AFLCIO. http://www.aflcio.org/corporateamerica/paywatch/ceou/
RE: Gods 401k Plan By: T on 3/15/2006; 9:28 PM John, Did you used to live in Huntington Beach? Thanks!
|
|
||||||||||||||||||||||||||||||||||
| Copyright Notice | Privacy Policy | Contact | |
 |
|