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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (50152)	2/7/2009 4:00:57 PM
From: Gary Mohilner	Read Replies (1) \| Respond to of 149317

Koan, While I can agree that greed has pushed all sorts of executive compensation to ridiculous levels, I also think we need to recognize that current CEO's, etc have often inherited the messes that prior CEO's etc created over perhaps as much as the last half century. To me, it's during that period that the greed of our executive has increased dramatically with each succeeding decade. While the income labor earns was held to roughly cost of living, executive compensation was permitted to grow exponentially creating multiple billionaires, and probably too many with hundreds of millions to count. Sadly most of the money was made exporting product manufacture to other places and reducing the labor force of most of the companies that built most of their fortune here. Gary

To: koan who wrote (50152)	2/7/2009 4:43:22 PM
From: geode00	Read Replies (1) \| Respond to of 149317

Right, the promise of capitalism is free choice, perfect information, costless-frictionless transactions leading to the best products and services at the best prices. Obviously capitalism is not what we have in the US of A as we get crummy product (management) at exorbitant prices (433 times the wage of an average worker). Therefore, we need to get rid of the anti-capitalist Republikans (crony socialists) and replace them with true capitalists. That would give us nationalized health care (most efficient overhead with risk spread out over the maximum number of people and overall widespread benefits to society) and a management payscale reflective of performance. This would mean the CEOs of the big three would be paying their companies several millions instead of getting paid. The head of Lehman would get more than a punch to the head by an irate employee in the company gym, he would be an indentured servant to the shareholders for the rest of his life. I don't know what would happen to the idiots at AIG. They and their families would probably be in hock for about 10 generations.