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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (6150)	1/25/2004 6:35:12 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

how long will the people in the US put up with this kind of thievery ? Chief executives may be exercising great restraint when it comes to adding to their domestic workforces, but they are not exhibiting similar caution in regard to their own compensation. According to Business Week's annual CEO compensation study, CEO pay packages were 200 times as great as that of the average worker in 2002. And the CEOs who cut the most jobs are often the most richly rewarded. U.S. corporations' desire to drive the bottom line at the expense of U.S. jobs comes with a hefty price tag. William Hawkins, senior fellow at the U.S. Business and Industry Council, says, "If you're substituting foreign employees for American workers to satisfy the American market, then the repercussions are fewer good job opportunities for Americans [and] lower income for Americans.