Purpose of any Company is Profits - screw the workers

[Spexxvet]

Originally Posted by sugarpop

... I would reward people by paying them fairly and allowing them to share in the profits that they helped create...

UT tried that when he owned his own business. The business failed.

[Undertoad]

Expensive people are expensive.

[lookout123]

You pay good people enough so that they'll stay with you. You don't pay them more than that just so they'll love you. Their choice to stay or go for a specific dollar amount is entirely on them.

[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.

[classicman]

Originally Posted by xoxoxoBruce

lay off 17 people to make up $1.2 million of their budget shortfall. The CEO, who gets $740 k this year

1,200,000/17 = $70,588yr - Thats a pretty damn good wage!

[Undertoad]

Rule of thumb: actual employee costs (including ssi, benefits, etc) are salary plus a third.

[sugarpop]

Originally Posted by lookout123

You pay good people enough so that they'll stay with you. You don't pay them more than that just so they'll love you. Their choice to stay or go for a specific dollar amount is entirely on them.

Well why the hell can't we have that same kind of attitude about CEOs and execs then?

[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.

[sugarpop]

Originally Posted by Spexxvet

UT tried that when he owned his own business. The business failed.

If that is true then I'm sorry to hear it failed UT. But can you blame it all on how much your were paying your employees, or was it something else? Probably a combination of things?

[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.

[TheMercenary]

But you also have to agree there are very few jobs with stratospheric salaries.

[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?

[Spexxvet]

Originally Posted by Undertoad

Expensive people are expensive.

And it was the right thing to do.

[xoxoxoBruce]

Originally Posted by TheMercenary

But you also have to agree there are very few jobs with stratospheric salaries.

Yes, only a few thousand, but they affect so many people they are the target of much deserved derision.