CEOs vow to cut their own pay!

[Uben]

In your dreams! With all this talk about busting unions and trying to get workers to give up wages, benefits, and bargaining rights, we haven't heard what concessions the CEOS are making. That's because they aren't giving up shit! In fact, they want more!
CEO pay is astronomical, but these bastards want more, and more, and more, while asking the workers of their respective companies to give up what they fought hard and long to get.

When will it stop? It won't, until these guys can't get their yards mowed, their meals prepared, and their beds made for them.
All CEO pay should be based solely on performance....nothing else.

[snappyturtle]

1. How about 'merit-pay' for the CEOs? Surely they can measure up to

standards set for lowly teachers. I am NOT demeaning teachers, just sayin'...........

[Lasher]

3. That's already being done via bonuses.

You see, when a CEO's performance is good, they get enormous bonuses. But when their performance is bad, they get enormous bonuses. It's called, 'pay for performance'

[snappyturtle]

5. OH, sorry, I forgot THAT! nt

[Jackpine Radical]

2. "All CEO pay should be based solely on performance....nothing else. " Nuts.

Consider that "performance" in a CEO just involves maximizing profits, no matter who they screw in the process. Wanna reward people for sending jobs overseas & busting unions at home? Be my guest.

[Uben]

4. I should clarify....

...that I do not consider performance as just being "maximizing profits", but as a review of actions, policy set, leadership, and profits. You would be correct that basing their pay solely on maximizing profits would be nuts, and it sure seems that is what the boards of directors of these corporations are doing now when they give these bastards astronomical salaries.

[du_da]

6. What we are running into

for the workers is a disconnect between market value of the labor vs the time and effort that went into getting what the market defines as generous compensation. End result, the market always wins out in the end for that contest.

The question becomes, how do drive connect CEO compensation to a market defined value and let them feel what it is like to be beat down by the invisible hand.

[ladjf]

7. Good post! Any ideas about how the "great heist" could be

stopped or at least slowed down are most welcome. The transfer of wealth from the lower incomes to the super rich is the most dangerous problem facing life on Earth. Keep up your opposition to it.

[dotymed]

8. Taxation for the wealthy.

My God, In America, until 30 years ago, the more you made..the more you paid.
That is fair.
We have to join the class war, like the workers in WI....or perish.