Purpose of any Company is Profits - screw the workers

[classicman]

Originally Posted by lumberjim

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?

Sugar - You avoided this question - artfully so, but I am interested in hearing your opinion of who would have this responsibility.

[sugarpop]

Originally Posted by classicman

Sugar - You avoided this question - artfully so, but I am interested in hearing your opinion of who would have this responsibility.

I honestly don't know classic. I wouldn't have a problem with there being a cap on my salary to make sure my employees were failry paid.

[TheMercenary]

Originally Posted by sugarpop

I honestly don't know classic. I wouldn't have a problem with there being a cap on my salary to make sure my employees were failry paid.

You might think differently if you worked hard all your life to make the company what it is from the ground up.

[xoxoxoBruce]

Yes, but that's pretty rare in the stratospheric salaries we've been talking about. Mostly hired into a cushy job, with perks up the ying yang, by an established corporation.

[classicman]

Originally Posted by xoxoxoBruce

Mostly hired into a cushy job, with perks up the ying yang, by an established corporation.

Wait, we're talking about congress now???

[xoxoxoBruce]

No congress(wo)men got their jobs the old fashioned way, they bought them.

[Spexxvet]

Originally Posted by TheMercenary

You might think differently if you worked hard all your life to make the company what it is from the ground up.

Does that mean it's right to live an exhorbitantly lavish lifestyle while your employees struggle to feed their families? You certainly are *entitled* to do it, but is it right?