Time to face the truth

[one-eyed-fatman]

Originally Posted by mgeoffriau

Tell me this: if these CEO's are so easily replaceable, then why don't the boards of these public companies just fire them and hire someone else for less money? What one man can do, so can another, right? Why would the board members willingly pay "way more" money to a CEO if someone else could do the job just as well?

You are worth what someone will pay you. The average Wal-Mart worker does not have the requisite skills to run a large company.

The board of directors for any company consist of top management from other company's. Many of them serve on each others boards. Their main goal is to make money off of each other. These are usually very well to do people and not one of them would ever save a company money by giving less money to a CEO. After all one day they might become a CEO. Their not about to cut their own throats even to save a company from going under. Enron is a good example. When top management figured out the company was going down they stole every dime they could get their hands on. These people are the kind of people who will risk jail time to make money. Let me ask you this, if you made 10 to 20 million dollars knowing very well you might spend two years in jail and have to pay back say 500,000.00 would you? If your answer is no then you don't belong in the world of CEO. These people are very accustomed to having their own way all the time. From their lips have never come the words "daddy can I have this". It's more like "daddy I want this and I want it now". Any cuts to save a company money always happen at the bottom of the ladder as there is no way the CEO or the board of directors are ever going to pay for their own mistakes.

[mgeoffriau]

Sounds like class envy.

[bd]

Originally Posted by mgeoffriau

Sounds like class envy.

Are you in favor of having a society in which there are different classes?

bd

[mgeoffriau]

The only "classes" are the ones to which we apply convenient labels. Rich, poor, middle class, what-not. What's great about America is that hard work can take you from the lowest economic group to the highest. Why should I envy the rich? I'd rather join them.

[NewXD40fun]

Originally Posted by mgeoffriau

The only "classes" are the ones to which we apply convenient labels. Rich, poor, middle class, what-not. What's great about America is that hard work can take you from the lowest economic group to the highest. Why should I envy the rich? I'd rather join them.

Right on!

The Liberals have been inventing social classes for decades now. They are following the Marxist plan of dividing society into classes and appealing to the greed and envy of the invented 'poor' class to revolt against the invented 'rich' class. You can see this being enacted out in this very XDForum.


Tom

[bd]

Originally Posted by mgeoffriau

The only "classes" are the ones to which we apply convenient labels. Rich, poor, middle class, what-not. What's great about America is that hard work can take you from the lowest economic group to the highest. Why should I envy the rich? I'd rather join them.

Can you give examples of people from the lowest economic groups who have worked hard enough to make it to the highest in the last 10 years?

I keep hearing that as a defense but no one ever actually names any names.

Who are these mythical people that have come from sheer poverty to become self-made billionaires?

What percentage of the population does this on a regular basis?

Bill Gates is the last one that comes to mind but he was certainly not from the lowest "class" of people in this country.

Unless you can prove me wrong I'm going to say that 99% of the ultra rich in this country inherited their wealth. I know it's not their fault, but working from the bottom up ---- please give me a break.




bd

[mgeoffriau]

Originally Posted by bd

Can you give examples of people from the lowest economic groups who have worked hard enough to make it to the highest in the last 10 years?

I'm about to leave for work, so I don't have time to collect names, but off hand the first large group that comes to mind is the hip-hop industry. Most of the rap artists and moguls came from poor ghettos, and yet now sell platinum records and direct mulit-million dollar companies and labels.

[one-eyed-fatman]

Originally Posted by mgeoffriau

Sounds like class envy.

No just sounds like the truth. I didn't think you would get it. You probably won't get this either, it takes a lot more brains and balls to start your own company than it does to run a big business. Most CEO types are not bright enough or smart enough to start their own company's. They have to work for someone else. Except for the pay they aren't any different or smarter than Walmart employee's.

[one-eyed-fatman]

Originally Posted by mgeoffriau

The only "classes" are the ones to which we apply convenient labels. Rich, poor, middle class, what-not. What's great about America is that hard work can take you from the lowest economic group to the highest. Why should I envy the rich? I'd rather join them.

That's not likely to happen. I met the CEO of Compaq computers back in it's hey day. He took billions of the company's money and made some things happen for a while. Then when things started going sour (bad decisions made by him) he kept his mouth shut, sold all his stock and quit. No big deal that's how wimps work. When things no longer go their way they steal what they can and quit. Ever listen to one of his speeches? Guy talked dumber than dog poop. Guy was so lazy he would not stand at a podium to give a speech. He always sat on a chair to give speeches. Something a lazy person would do. In the end it's always the same, they rip off the company and leave. If you want to be like them then you haven't set your standards very high.

[NewXD40fun]

Originally Posted by bd

Can you give examples of people from the lowest economic groups who have worked hard enough to make it to the highest in the last 10 years?

I keep hearing that as a defense but no one ever actually names any names.

Who are these mythical people that have come from sheer poverty to become self-made billionaires?

What percentage of the population does this on a regular basis?

Bill Gates is the last one that comes to mind but he was certainly not from the lowest "class" of people in this country.

Unless you can prove me wrong I'm going to say that 99% of the ultra rich in this country inherited their wealth. I know it's not their fault, but working from the bottom up ---- please give me a break.

bd

Wow this is right out the Liberal Extremist play book bd.

Originally Posted by bd

Unless you can prove me wrong I'm going to say that 99% of the ultra rich in this country inherited their wealth. I know it's not their fault, but working from the bottom up ---- please give me a break.

The Liberal play book says that the rich don’t earn their money and it’s unfair that rich people have all the money. The Liberals say no one can get rich from the bottom up like bd says. The Liberals like bd want you to believe that only Liberals can make you rich and Liberals do it by taking other people’s earned money (from the rich) and giving to you for free.

Liberals like bd, and cynics like fatboy, want you to feel that your are entitled to other peoples money because that is the ‘fair’ thing to do and that only then will there be world peace....





Tom