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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (106640)6/5/2001 1:45:17 PM
From: benwood   of 436258
 
Just wondering what CEO's and other higher executives' compensations have gained during the last 25 years or so. I'm guessing 20% per year, compounded annually (much like Major League Baseball babies), far outstripping everybody else. When I owned stock in Disney, the CEO (Eisner? it was about 1994) pulled down 20% of the entire corporation's profit (he harvested over $200 million, the "rest of us" got about $850 million that year). So... just wondering if the THAT current self-serving, gluttonous, greedy trend is better or worse that inching up the minimum wage. Paying the ex-CEO of Mattel, what, $60 million, to get rid of her for being a total failure? Anybody ever wonder if it's the top-heaviness of our corporations that makes us non-competitive? And how that drive to widen the salary gap inspires those in control to shutdown American factories and open up new ones overseas?

The repeated demonstration of how those power will exploit will always inspire me to support a reasonable minimum wage. Even the stepwise increment that is lamented by some gets no sympathy from me -- the chance to increment it gradually was spurned by inaction.

Skeets, I liked you trickle-up commentary. It's rare that somebody gets "air time" with a non-power establishment view.

I do agree that small increments to the minimum wage are much better than a jolt; however, those that oppose any minimum wage will all but assure that the only way to get a raise after years of vehement opposition is to jolt it. Oh well... bummer!
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