Purpose of any Company is Profits - screw the workers - Page 7

Undertoad · 04-23-2009, 05:36 PM

How can you even say that with a straight face?

Because I studied economics in an accredited MBA program at a major university, and I remember the very lesson when the nature of this was explained. Thanks, Dr. Prendergast.

lumberjim · 04-23-2009, 05:55 PM

Quote:

Originally Posted by sugarpop

The bust has not solved it. The bust hurt many middle class and upper middle class people very bad, much more so than the people at the top. Many people lost their entire savings and retirement funds. The bust has also hit the middle class by job losses. How can you even say that with a straight face?

Now as a result of the bust, we might actually have some caps put in place that will make the playing field more even, but I'm not holding my breath.

Are you suggesting a salary cap in the private sector?

like.....no corporate employee can make over 500k per year, or something like that?

TheMercenary · 04-23-2009, 05:56 PM

That is correct.

classicman · 04-23-2009, 05:57 PM

sugarpop · 04-23-2009, 06:10 PM

Quote:

Originally Posted by classicman

Please do it may solve a whole host of other issues.

Was that really called for?

sugarpop · 04-23-2009, 06:13 PM

Quote:

Originally Posted by lumberjim

Are you suggesting a salary cap in the private sector?

like.....no corporate employee can make over 500k per year, or something like that?

Not really. I would prefer something where the top dog can't make over a certain % of the average dogs. In addition, any bonuses should be tied to the health of the company in the form of stocks, to be paid out at a later date. That way, if the company does well, everyone does well, and the top dog wouldn't be making decisions that would be based on greed for himself, but rather what is in the best interests of the company as a whole.

sugarpop · 04-23-2009, 06:15 PM

Quote:

Originally Posted by classicman

You know classic, I thought you understood my reasoning. At least you did. What happened?

sugarpop · 04-23-2009, 06:16 PM

Quote:

Originally Posted by Undertoad

How can you even say that with a straight face?

Because I studied economics in an accredited MBA program at a major university, and I remember the very lesson when the nature of this was explained. Thanks, Dr. Prendergast.

Then you should know the bust has solved nothing.

lumberjim · 04-23-2009, 06:19 PM

Quote:

Originally Posted by sugarpop

Not really. I would prefer something where the top dog can't make over a certain % of the average dogs. In addition, any bonuses should be tied to the health of the company in the form of stocks, to be paid out at a later date. That way, if the company does well, everyone does well, and the top dog wouldn't be making decisions that would be based on greed for himself, but rather what is in the best interests of the company as a whole.

suppose for a moment that you start a company that sells widgets.

from the ground. you build this company up to the point that it goes public, and you sell 49% ownership in stocks and there is a board of directors and you are the CEO. The company makes $20 Billion profit every year.

Who decides how much of it you get to keep?

sugarpop · 04-23-2009, 06:31 PM

First of all, if I had a successful company, I wouldn't sell it off. Second of all, I would reward people by paying them fairly and allowing them to share in the profits that they helped create. The rest of the profits would go back into the company or to some form of charity, probably ones for animals or for creating sustainable ways of living.

Look, I understand that most people don't agree with my way of thining. I accept that. That doesn't mean that I am going to roll over and keep my mouth shut when I think something is unfair. hell no. I am going to bitch about it and write letters to Congress about it and do whatever I can to help change it. OK?

lumberjim · 04-23-2009, 06:37 PM

I see. thanks.

classicman · 04-23-2009, 07:16 PM

Quote:

Originally Posted by sugarpop

Was that really called for?

Probably not, but as a classist, I felt that it was my obligation.

Quote:

Originally Posted by sugarpop

You know classic, I thought you understood my reasoning. At least you did. What happened?

Oh, I get your reasoning, I just disagree with it.

Quote:

Originally Posted by sugarpop

Look, I understand that most people don't agree with my way of thin(k)ing.

ok, then you understand how some others feel, right?

xoxoxoBruce · 04-24-2009, 12:35 AM

WHYY, the PBS TV station in Philly, announces they would lay off 17 people to make up $1.2 million of their budget shortfall. The CEO, who gets $740 k this year, was asked if cutting executive salaries was considered to save some of the 17 jobs. He said no, it was not considered.

Not even considered? Fuck you very much, you'll never see another dime of my money.

Undertoad · 04-24-2009, 09:03 AM

You don't understand B, it takes someone paid $740k to decide to continue syndicating Nova, Frontline and Antiques Roadshow. That's a very difficult decision and only top people can make it.

Also, it takes pristine offices on the most expensive block of Center City to record that daily hour of Fresh Air. You need to make sure that your best employees can walk to the office from Society Hill without going through any bad neighborhoods. And they must have the very best $1000 mics and room-in-a-room isolated sound studios, so that you can hear the elegant silence between sentences.

fuuuuuuuuuhhhhh -----

I ran the radio station when I was in college. We had maybe $4k of equipment in the studio and a $4k transmitter. I installed most of it myself. It's still running 25 years later.

sugarpop · 04-24-2009, 11:46 AM

Quote:

Originally Posted by classicman

Probably not, but as a classist, I felt that it was my obligation.

Oh, I get your reasoning, I just disagree with it.

ok, then you understand how some others feel, right?

Yes, but just like you will express your opinion, I will also express mine.

04-23-2009, 05:56 PM	#93
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	That is correct. __________________ Anyone but the this most fuked up President in History in 2012!

04-23-2009, 05:57 PM	#94
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	__________________ "like strapping a pillow on a bull in a china shop" Bullitt

04-23-2009, 06:37 PM	#101
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	I see. thanks. __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

04-24-2009, 12:35 AM	#103
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	WHYY, the PBS TV station in Philly, announces they would lay off 17 people to make up $1.2 million of their budget shortfall. The CEO, who gets $740 k this year, was asked if cutting executive salaries was considered to save some of the 17 jobs. He said no, it was not considered. Not even considered? Fuck you very much, you'll never see another dime of my money. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

04-23-2009, 05:36 PM	#91
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	How can you even say that with a straight face? Because I studied economics in an accredited MBA program at a major university, and I remember the very lesson when the nature of this was explained. Thanks, Dr. Prendergast.

04-23-2009, 06:31 PM	#100
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	First of all, if I had a successful company, I wouldn't sell it off. Second of all, I would reward people by paying them fairly and allowing them to share in the profits that they helped create. The rest of the profits would go back into the company or to some form of charity, probably ones for animals or for creating sustainable ways of living. Look, I understand that most people don't agree with my way of thining. I accept that. That doesn't mean that I am going to roll over and keep my mouth shut when I think something is unfair. hell no. I am going to bitch about it and write letters to Congress about it and do whatever I can to help change it. OK?

04-24-2009, 09:03 AM	#104
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	You don't understand B, it takes someone paid $740k to decide to continue syndicating Nova, Frontline and Antiques Roadshow. That's a very difficult decision and only top people can make it. Also, it takes pristine offices on the most expensive block of Center City to record that daily hour of Fresh Air. You need to make sure that your best employees can walk to the office from Society Hill without going through any bad neighborhoods. And they must have the very best $1000 mics and room-in-a-room isolated sound studios, so that you can hear the elegant silence between sentences. fuuuuuuuuuhhhhh ----- I ran the radio station when I was in college. We had maybe $4k of equipment in the studio and a $4k transmitter. I installed most of it myself. It's still running 25 years later.

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