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GoLeft TV

(3,910 posts) Thu Jun 25, 2015, 11:12 AM Jun 2015

Selfish CEOs Are Overpaid and Underskilled

The ratio of CEO to worker pay has hit a record high in America, creating the worst income gap in modern history. Republicans argue that this gap is necessary because CEOs possess skills that ordinary workers just don’t have. A new study tells us that this isn’t the case.

Ring of Fire's Mike Papantonio and attorney Michael Burg discuss that study.

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Selfish CEOs Are Overpaid and Underskilled (Original Post) GoLeft TV Jun 2015 OP

Sickening article. Sickening in the stats it tells, that is. CrispyQ Jun 2015 #1

And CEOs and BODs possess magic wands and invisible hands.... Dont call me Shirley Jun 2015 #2

And going to the same schools, country clubs, etc. erronis Jun 2015 #6

And why Madoff went to jail but not the banksters. CrispyQ Jun 2015 #9

sociopaths swilton Jun 2015 #3

Used to be you could go to their house and the VCR was blinking 12:00. Spitfire of ATJ Jun 2015 #4

Big shot CEOs are highly skilled at sitting on their asses all day, farting in Italian silk suits aint_no_life_nowhere Jun 2015 #5

And texting their lackeys to increase profits through any means necessary. Dont call me Shirley Jun 2015 #7

And being born to the right parents so they can do all that. nt valerief Jun 2015 #8

What sets CEOs apart and why corporations pay them big bucks is that they're good sociopaths. SunSeeker Jun 2015 #10

CrispyQ

(36,518 posts)

1. Sickening article. Sickening in the stats it tells, that is.

Reply to GoLeft TV (Original post)

Thu Jun 25, 2015, 11:32 AM

Jun 2015

Thanks for posting.

The chief executive officers of America’s largest firms earn three times more than they did 20 years ago and at least 10 times more than 30 years ago, big gains even relative to other very-high-wage earners. These extraordinary pay increases have had spillover effects in pulling up the pay of other executives and managers, who constitute a larger group of workers than is commonly recognized.1

Even as the company my husband used to work for outsources decent paying IT jobs to Asia, they continue to hire Directors & VPs with huge salaries. Why aren't these upper management positions ever up for outsourcing?

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Good video. The whole "CEOs are special" is a scam. Like Mike says, worker productivity has never been higher but the CEO gets all the credit & the payoff. And then uses it to buy lobbying to further the interests of the rich. It's disgusting.

Nice mention of Bernie Sanders at the end!

Dont call me Shirley

(10,998 posts)

2. And CEOs and BODs possess magic wands and invisible hands....

Reply to GoLeft TV (Original post)

Thu Jun 25, 2015, 11:33 AM

Jun 2015

These pampered little powder puffs don't have any skills other than conniving and thievery.

erronis

(15,331 posts)

6. And going to the same schools, country clubs, etc.

Reply to Dont call me Shirley (Reply #2)

Thu Jun 25, 2015, 01:43 PM

Jun 2015

We weren't invited.

It's never been a meritocracy, just a society of who-knows-who (or who-diditto-who.) That's why blackmail (or kidnapping) is considered such a heinous crime - it can be used against the elites.

CrispyQ

(36,518 posts)

9. And why Madoff went to jail but not the banksters.

Reply to erronis (Reply #6)

Thu Jun 25, 2015, 04:11 PM

Jun 2015

You don't cheat the 1%.

swilton

(5,069 posts)

3. sociopaths

Reply to GoLeft TV (Original post)

Thu Jun 25, 2015, 12:54 PM

Jun 2015

Spitfire of ATJ

(32,723 posts)

4. Used to be you could go to their house and the VCR was blinking 12:00.

Reply to GoLeft TV (Original post)

Thu Jun 25, 2015, 12:58 PM

Jun 2015

aint_no_life_nowhere

(21,925 posts)

5. Big shot CEOs are highly skilled at sitting on their asses all day, farting in Italian silk suits

Reply to GoLeft TV (Original post)

Thu Jun 25, 2015, 01:23 PM

Jun 2015

doing lunch, attending congratulatory banquets, struggling to improve their golf game, going on expensive trips and holidays in private jets, moving to ever more high-paying jobs whether their company made a profit or not, and parachuting in their golden parachutes.

Dont call me Shirley

(10,998 posts)

7. And texting their lackeys to increase profits through any means necessary.

Reply to aint_no_life_nowhere (Reply #5)

Thu Jun 25, 2015, 02:53 PM

Jun 2015

valerief

(53,235 posts)

8. And being born to the right parents so they can do all that. nt

Reply to aint_no_life_nowhere (Reply #5)

Thu Jun 25, 2015, 04:09 PM

Jun 2015

SunSeeker

(51,703 posts)

10. What sets CEOs apart and why corporations pay them big bucks is that they're good sociopaths.

Reply to GoLeft TV (Original post)

Thu Jun 25, 2015, 07:51 PM

Jun 2015

Yup. That's their skill. Being sociopaths: being able to fire productive workers, forcing the rest to work 80 hour weeks, never giving them a raise and doing all that with a smile. All you workers with a conscience need not apply.

But it's tough to find a good sociopath that is not drooling, is eloquent and knows how to look good in a suit. Those folks are snapped up and earn top dollar.

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