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Non-Tech : Kirk's Market Thoughts
COHR 201.49+4.1%Jan 21 3:59 PM EST
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To: Kirk © who wrote (2521)1/5/2015 8:12:37 AM
From: Jerome  Read Replies (2) of 27117
 
Soak it to the wealthy.......Justification..................Target Corp,

finance.yahoo.com

Things (compensation) are getting out of hand at the executive level.

Is any Chief executive worth 1044 times pay vs the average worker?????

This relates to the rising tax problem for all of the wealthiest. If a state needs more revenue to finance infrastructure are they going to target those who get very little in compensation or those that pig out at compensation table?

After retirement I spent a few years working at Home Depot. (a good place to work). But the compensation paid to Nardelli was so high ($200 million plus bonus) that the employee bonus pool was reduced to peanuts from previous levels. The employees at Chrysler did not fare any better with Nardelli in charge. All those engineers he laid off had to be rehired when he left. He all but killed new model development.

I sympathize with Kirk and others who complain about California's high taxes. But if new wealth is going to go to the top 2 or 3% of the population then thats where the tax increases will be concentrated.

But some would say...these are the job creators.....B___ S___ I say. Do the lavish salaries of CEO's of Target, McDonald, WalMart, Bank of America, MS and others justify the the miserly compensation and work conditions of their employees? Is it good for the country when 1/3 of Bank of America employees qualify for public assistance?

Sometimes postings on this board are on the bland side...so with the New Year and all that goes with it.....time to stir things up.
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