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Many CEOs today are thugs raiding their companies pensions, etc.

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mac2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 03:51 PM
Original message
Many CEOs today are thugs raiding their companies pensions, etc.
Today, corporation CEOs bring us to war for oil, gas, etc. all around
the world. Who profits? The CEOs of these huge international companies are the only winners. They alone profit the most even though their shareholders and employees contribute the money and do the work.

Huge trade organizations, such as WTO, FTAA, GATS, etc. made up of secret, behind the door trade ministers and bankers are even trying to restructure our democracy, legal systems, worker's rights. They have become government.

Huge American companies (now gone international with
off-shore corporate charters, banking, etc.) ignore generations of investors,workers, managers, etc. have contributed to it's success and growth.

A present day CEO is only a manager who comes in to help run the
company. He does not deserve to take everything from the company for
himself/herself such as pensions, huge profits, or bonuses destroying
it. It is fraud and thievery that goes unchecked.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 04:08 PM
Response to Original message
1. And it's all legal because they bought the laws.
No CEO should make more than 100 times the salary of the lowest paid CONTRACT WORKER who has been contracted to do work for the corporation or its subsidiaries.
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scottxyz Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 04:11 PM
Response to Original message
2. I like this phrasing "CEO Thugs"
Has a nice ring to it. Better than the old-fashioned "robber barons". Kinda echoes off of "welfare queen" (often depicted as a minority woman) and the new counter-phrase "corporate welfare".

Bling-bling indeed.
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Ruby Romaine Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 04:23 PM
Response to Original message
3. Smith & Wesson CEO former convict
http://www.azcentral.com/news/articles/0212minder12.html

Smith & Wesson chief did time for '50s armed heists


Board still backs chairman, 74

Jonathan J. Higuera
The Arizona Republic
Feb. 12, 2004 12:01 AM


At 74, James Joseph Minder has had a professional career many would envy.

He is board chairman of Smith & Wesson Holding Corp., parent company of the famous gunmaker. He also ran a successful non-profit agency serving delinquent and disabled Michigan youths for 20 years before retiring to Scottsdale in 1997.

But he also is a former convict who spent 15 years in prison in the 1950s and 1960s for a string of armed robberies and an attempted prison escape. News articles in the Detroit News said he was known for carrying a 16-gauge, sawed-off shotgun
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Ruby Romaine Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-26-04 02:43 PM
Response to Reply #3
5. just saw -he resigned today from smith & wesson
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ComerPerro Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 04:27 PM
Response to Original message
4. Anyone catch the episode of Chapelle's show
Where they treat the CEO like a crack dealer, and the crack dealer like a CEO?

It was hilarious.
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terryg11 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-26-04 02:50 PM
Response to Original message
6. when companies/board of directors hire these CEO's
they can dictate the pay and terms of the CEOs position. they just choose not to.
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