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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (700073)2/20/2013 1:57:13 PM
From: steve harris1 Recommendation  Respond to of 1578836
 
Embezzlement of public funds is against the law.

The local stories are no different than what DC is doing today. Plenty of public employees in Arkansas are in jail for using their position in govt to build a new back porch, a new driveway to their house, buy a new car, or blow it every weekend at a casino.

Politicians buying votes by funneling money to their bundlers after the election is no difference.



To: Tenchusatsu who wrote (700073)2/20/2013 1:57:55 PM
From: i-node2 Recommendations  Read Replies (3) | Respond to of 1578836
 
The entire CEO pay issue can be clarified with a simple example:

Tim Cook is currently the highest paid CEO in America, at something like $400 Million.

If a person with verifiably the precise skills Steve Jobs had appeared in Cupertino and said, "I'll take the job for $800 Million", should Apple pay that?

The answer, of course, is in a heartbeat. If they could have Steve Jobs back for $800 Million who on Earth would deny that it would be an excellent deal for the company, shareholders, and consumers?

I'd bet you can point to other examples -- probably some at Intel, [arguably] Gates at Microsoft, and for that matter, the small microwave engineering firm I worked for back in the 70s.

The value of a CEO to a business is no different from the value of David Gilmour to Pink Floyd or a major quaraterback to Superbowl winning team. Yet, no one is arguing we should limit the amount of money Gilmour could be compensated should he decide a reunion is in order.

You just can't put a price on some of these things. And that's where the Z's of the world go totally wrong.



To: Tenchusatsu who wrote (700073)2/20/2013 5:33:25 PM
From: SilentZ  Read Replies (4) | Respond to of 1578836
 
>A liberal would argue that government officials are in it for the benefit of their constituents, while CEOs are only in it for the benefit of the shareholders.

Huh? Who said that? I wouldn't say the former is entirely true, but the latter HAS to be true.

-Z