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Thread: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

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    Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    The final figures show that the median pay for top executives at 200 big companies last year was $10.8 million. That works out to a 23 percent gain from 2009. The earlier study had put the median pay at a none-too-shabby $9.6 million, up 12 percent.

    Total C.E.O. pay hasn’t quite returned to its heady, prerecession levels — but it certainly seems headed there. Despite the soft economy, weak home prices and persistently high unemployment, some top executives are already making more than they were before the economy soured.

    And it’s not as if most workers are getting fat raises. The average American worker was taking home $752 a week in late 2010, up a mere 0.5 percent from a year earlier. After inflation, workers were actually making less.

    http://www.nytimes.com/2011/07/03/bu.../03pay.html?hp

    This is the road to revolution...

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    The U.S. ranks way behind the European Union and the United Kingdom in terms of inequality of pay, figures show.

    In fact, the situation is so extreme the land of the free falls behind countries such as Cameroon, the Ivory Coast and revolutionary Egypt, Tunisia and Yemen - and only just in front of Uganda and Jamaica.

    According to the CIA's World Fact Book, which ranks countries in terms of how 'equally' wealth is distributed, the U.S. is the 42nd most unequal country in the world.

    In contrast, Tunisia is the 62nd most unequal country, Yemen is 76th and Egypt, which has been ravaged by civil war, comes in at 90th place.

    Read more: http://www.dailymail.co.uk/news/arti...#ixzz1R4T2IJmD


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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    Any of them abolish poverty? Famine? Disease? Oooops there goes that Utopian Society.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    My salary went down.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    Want a 23% increase? Go be a CEO.

    Nothing stopping you.
    my junk is ugly

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    Quote Originally Posted by Captain Obvious View Post
    Want a 23% increase? Go be a CEO.

    Nothing stopping you.
    actually...that is not a possibility for most of us.

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    That is true CL.....one could go thru all the motions and be qualified to be a CEO. In the End with that deal. I think thats why there are Corporations with more than One Vice President and One President.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    I think the biggest reason for the trouble our working class finds them in is the outsourcing of jobs. There just aren't jobs like there used to be in this country. I was just reading in the paper about how BMW took a low interest 3 Billion Dollar loan from the federal government when the feds were trying to jump start the economy. Now they are moving their jobs overseas.

    A lot of money was loaned without any strings. I guess my question to Captain and others is if you think it is ok for companies to do this sort of thing. Not if it's legal, I know it is -- but I would also say whoever can afford the best lawyers usually wins, legality is not always clear cut -- but from a moral and ethical standpoint. Perhaps you all have no problem with this sort of behavior. I would say that if I loaned a friend money and he used it to f me over, I'd be upset.

    So what to do with the unemployed? There are people who worked at that BMW factory for 30 years, they aren't lazy, or stupid. They have skills, but no where to work. Should they just be left to wither and die, or should there be some sort of safety net to catch them? Don't hold back...

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    What sort of safety net and by whom?
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Re: Top Executives Average 23% Raise Over Last Year, Average Salary of 10.2 Million

    Quote Originally Posted by Midwest Media Critic View Post
    What sort of safety net and by whom?
    Well, that's the question I'm asking. Are you in favor of one?

    I am not sure how I feel about unemployment...for a short term bridge, I guess it's fine. However, if there aren't going to be any jobs to move on to, then it seems like just throwing money away. If that money were used for or supplemented by new skill training or public projects that would lead to job creation, that seems like a better long term investment. Sort of like the give a man a fish versus teach a man to fish...

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