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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (8120)	1/15/2003 2:16:13 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

>>I heard one of the interviews with a striker on the picket line and her reasoning was that Jack Welch could pay the difference with one or two years of his ridiculous pension, that and she was afraid if they gave on this point (which seems reasonable in light of the rising healthcare costs) that management would really put the screws to them later this summer. << indeed a mental disconnect. that worker should have a long conversation with the airline pilots and workers who have had to renegotiate their contracts in the hope of preserving their jobs this is not to say that i agree with obscene executive compensation, but that is a function of the board of directors and shareholders. anyone who has had to meet a payroll (as you have and i do) knows full well that existence of that employee's job depends upon the profitability of the company. we are not in business with the associated risks involved to "trade dollars" and if one of my employees does not approve of my compensation (hypothetical here since we are not a public corporation)... they are free to look for employment elsewhere.

To: GraceZ who wrote (8120)	1/15/2003 8:35:27 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

The worst part about a speculative excess like we've seen is that it does make people resentful of the very visible disconnect between the performance of the company and high executive pay. On NPR fresh air today they had the chief financial editor of NYT talking about the Bush tax plan. What he said was that democrats in the last election underestimated the power of voting your aspirations, meaning, playing the "get those corporate fatcats" doesn't seem to be working in the last few decades although I agree that sentiment has picked up a little after all this fraud was exposed. Still, I'll bet in a few years the resentment towards CEOs dies down when people start going back to work. Basically, I think people still associate CEO-bashing with unions and other unpleasantries and would rather align themselves with business than organized labor, etc.