Cadillac plans?

A thing of the past.

Pretty soon only the rich will be able to afford healthcare. Going to a doctor will be a luxury.

This nation needs to solve health care costs. It has to figure this out. What good will it do to have health insurance if you can't afford to go to a doctor? And we need to make sure there are enough doctors. Anyone willing to go into medicine should get financial breaks that allow them to pursue that career.

it was not a real and permanent solution at all. And, we have many presidential candidates running around screaming like 7th grade schoolyard bullies than offering up thoughtful solutions to the large number of problems this country faces now and in the future.

G F Babcoke Senior VP $2,744,906.00

M. Loghi CEO/Pres $13,211,513.00

D. R. Matthews Senior VP $2,560,328.00

D.B. Burritt Exec VP $4,911,368.00

S.R. Folsom General Counsel $3,559,221.00

there was no listing for the capos or the crews.

I'm quite certain the folks above have their needs taken care of totally by U.S. Steel.

The glut of cheap steel is just going to get worse under the TPP so more benefits will go bye-bye.

And I agree that the TPP type pacts that cost more and more jobs and lead to bigger trade deficits need to be tossed out. They do nothing for the working man--and everything for the 1 percenters.

The wealthy don't have to worry about healthcare.

for a CEO? Really? Why isn't 2-4 million enough? How much money does one family need to support themselves? I have nothing against people succeeding but WTF? There is no reason to pay someone that much money for any type of work, much less a CEO that has all of the luxuries in the world at his disposal. And I would venture to bet all of those initials are men. Greedy powerful men that can't see the forest for the trees.
This is what is wrong with America and capitalism.

We have to convince the people that these corporations need to lower executive pay so that they can use that excess to pay for the health care for their employees, pay for their retirement benefits that they freaking earned and stop this excess waste toward one individual. Yeah, I'm a socialist. Proud of it.

So many of you who just HATE CEOS and think they are spoiled evil fuckers out to rob the working man of their hard earned fruits, cannot seem to manage some simple mathematics.

So let's go:

Since you think that lowering the pay of the executive team will somehow make all the problems for US Steel workers go away, let's cap the pay of each executive at $1,000,000.00

Based on the numbers posted by onethatcares, reducing those evil executive salaries down to a level more in line with what YOU think they should be will free up $21,987,336.00. That's a lot of money right? I'm sure that will make a difference in a lot of US Steel employee's lives. Right?

Well, here is where math becomes your mortal enemy.

There are 42,000 US Steel employees. So by reducing the executive pay down to a level you are happy about, each one of them gets an additional $523.51 each year. Or, looked at as an hourly wage increase, they get $.26 per hour.

Of course, this does not take into account whether this CEO, or any CEO would do that job for $1 million. It doesn't take into account whether shareholders would continue to be shareholders in a company that chose to do this. But you would be happy because that evil CEO doesn't make so much God Damn money!

The progressives have poisoned the minds of so many around here into being unable to work simple logic and figure out simple math. But hey, it makes you feel better, right?

That may not seem like anything to you. I disagree.

It's also a fairness issue and the fact that those CEO numbers keep going up. Do you never address that at all?

What's your solution?

Status quo?

That's no solution at all.

Or do you just assume it's not really a problem and doesn't need fixing?

US Steel says "health care costs are going up exponentially, and our profits are down - we need concessions from unions."

Rather than focus on the three critical issues of our time, contained in that one sentence, the immediate issue to so many people on this board is "those damn CEOs!"

We have health care costs spiraling out of control.
We have businesses that are struggling to make money.
We have Unions forced to negotiate concessions because of the first two issues.

But for so many on this forum, these aren't the issues, it's that executive pay is too high. But math shows that in almost every case, what a CEO makes doesn't make any difference in the lives and incomes of workers.

Fairness? Who ever told you life was going to be fair? CEO's make more money because their work is considered more valuable by the free market. When businesses were 25 people making widgets, a CEO didn't make more than a few times more than the laborers that worked for them.

When a business has 42,000 employees, the CEO is going to make more - they have 1,680 times more responsibilities than that other CEO had.

I have no idea why this is so hard to understand....

and he doesn't have to give up anything while the workers have to give up almost $10,000 a year. Yes, we can do the math and we also can see the inequity. Can you?

of anyone.

What has happened is that people stick up for the other worker getting the shaft as long as they don't because those CEOs work so gauddammmm hard everyday picking up telephones, shuffling some papers and having ms moneytree bring them coffee while they make heads roll in staff meetings.

Let's try some simple math for you; $11,000,000.00 divided by 12(months in the year) = $916,666.66 a month which = $30,555.55 per day. Ok, I can see where they might actually need that much, my apologies for bashing them. Have you seen what a new Lear costs lately?

For some reason here on DU, they think everyone in every company has equal skills and equal productivity.

I would much rather have a $20,000,000 CEO that raises revenues by 10% every year and creates hundreds of new jobs every year, than a $1,000,000 CEO who is just keeping the status quo and keeps revenues constant and has to do layoffs due to their poor business decisions.

So am I. I disagree and I don't hate CEOs at all. I think they are overpaid and we little people continue to get the shaft. read the rest of the thread and see where your sarcasm really doesn't help the point of overpaid CEOs.

It's not that bu cutting their salaries they could pay everybody a lot more or avoid cuts. But it DOES stink of "one rule for me, and another for thee."

It's hard to take the "everybody has to make sacrifices" thing seriously when these top executives are living in ridiculous luxury.

field". And the 1% won't give a shit until no one can buy anything.

and a glut of cheap imports undercut steel prices.

trade acts /"deals" destroy the middle class------------------the same gambit used ever since Richard Nixon went to China and demanded "fast track authority".
And ever since, we the citizens of this country have lost---------------and have not won one iota of anything.
Wages and benefits have been stagnant at 2% / 4% ever since, while CEO's have over 300% earning power.

And the same CEO's and wall street criminals are always blaming the worker always

It is now time for Universal health care or expand the Medicare to when you are born--------------then the corporations and oligarchies will have no excuse---------none-------because the overhead costs are less under Medicare 5% when compared to---a for-profit private insurance 17/25% either employer funded or not--------------this system is failing and will continue to do so because of trade policies and the merger of insurance companies to satisfy the bankers, hedge funds and the criminal enterprise on wall street, to become to big to fail with there Health Savings Account scheme or none at all

Honk--------------for a political revolution Bernie 2016

This may be a trend. I don't think this ruling will prevent it:

http://www.nytimes.com/2014/05/26/us/irs-bars-employers-from-dumping-workers-into-health-exchanges.html?_r=0

Company looses 100 or millions and the top exec. still haul down golden salaries that are in the millions. What happened to the good old days when companies and stockholders would demand that they be fired and replaced? Then again, maybe they want out of the grind and get their golden parachutes and leave all the mess behind.

are all on each others boards do you really think they'll stop?

This is simply a high deductible HSA and the article leaves out a lot of the details.

#1) What constitutes a "family plan". $180/mo seems reasonable, especially if a "family plan" constitutes 5 dependents.
#2) HSA usually have an employer contribution of 50% of the deductible. No mention of that here. It's probably included but the article left it out to make this plan seem really bad
#3) After the deductible is met, then the worker is only responsible for 20% of each bill up to a yearly limit of up to $9,000. The difference of the yearly limit of 9,000 and the deductible of 4,000 ($5,000), would require bills in excess of $100,000. This would be extremely rare occurance. This is typical for HSAs.
#4) No mention that if the Health Saving is not used, then it rolls over to the next year.

In general, HSAs are advantageous for most workers. It's highly unlikely that the individual would even use up more than the employer contribution of the HSA, while being able to roll over their own contributions year over year.

The idea of attaching helath insurance to your job is silly.

We need to move away from that, and establish a public option on the exchanges.