View Single Post
Old 05-28-2007, 12:13 PM   #12
Godfather
Living Legend
Supporter
 

Join Date: Aug 2005
Posts: 3,140
Member Number: 547
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Economy robust, middle class income dropping?

Quote:
Originally Posted by GBMelBlount View Post
'76, I am pretty much rank and file. One of my fraternity brothers works for a local bank and makes $10,000,000 plus per year. Do I think he earns it, yes, he is brilliant!!! Could I ever do his job, no. Point being, anyone (like me) can do appropriate data entry out of 40 applicants. The CEO's, CFO's, Presidents, are like the rudder on a huge corporate ship, directing them to failure or success. Even at apparent "high" rates, brilliant people, like my frat bro, are often worth their pay. That is why they are paid the bucks. Capitalism. God Bless America!!!!
Not so sure...as others have already pointed out, CEOs get rich even when they do a horrible job. That's not capitalism.

And there are executives in other countries who could and would do the job for far less money. If we really had capitalism, CEO jobs would be outsourced in a heartbeat. Unfortunately we have cronyism on too many corporate boards--basically big companies are run by politicians who are generous with other people's money.
Godfather is offline   Reply With Quote