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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST

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To: Jerome who wrote (2812)8/6/2015 1:59:21 PM
From: Kirk ©2 Recommendations

Recommended By
3bar
robert b furman

   of 26721
 
Two items we discussed at length....

High taxes in NY and lower cost of living in NJ .... similar to Tesla locating its battery factory in Nevada rather than Taxifornia where it has its HQ in Palo Alto (drove by it yesterday) and current manufacturing plant in Fremont.

More moving out of the Big Apple? JPMorgan ( JPM) is relocating 2,150 jobs from Manhattan to Jersey City to benefit from an incentive program offered by the state of New Jersey. The bank, which was looking at options to expand its regional technology and operations hub, will get $19M in subsidies to make the move across the Hudson.
I agree with you that CEO pay is excessive.



The SEC has approved a rule requiring companies to reveal the pay ratio between their chief executive officer and their typical worker - beginning in 2017. According to the Economic Policy Institute, average CEO pay at the 350 largest U.S. companies by revenue surged 997% from 1978 to 2014, while compensation of non-supervisory employees rose 10.9%. CEOs also earned about 30x what the typical employee did in 1978, although that figure jumped to more than 300x their employees' compensation as of 2014.
Everyone should join me in voting NO on ALL pay proposals when shareholders are given option to vote. It is pissing in the wind, but at least we have our thoughts known.
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