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posted to rec.boats
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
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Today's laugh...
HK wrote:
BAR wrote:
HK wrote:
wrote:
On Wed, 04 Feb 2009 19:42:18 -0500, BAR wrote:
HK wrote:
....courtesy of some corporate puke being interviewed on CNN about
the president's proposal to limit executive pay in companies that
received bail-out funds to no more than $500,000.
"We're not going to get the best and brightest to work in
corporations anymore."
A. As if they did, and,
B. If they were the best and brightest, how come the companies
they work for collapsed?
Why don't do an analysis of all of the people who are going to lose
their jobs because that CEO had his pay cut back to that level.
That will have some ripple effect assuming they can't find another
gig. I imagine the real heavy hitters will get a job for megabucks in
a non-TARP company but $500k cuts pretty deep into the executive suite
so a lot of upper middle management will be taking a hit. The guy who
probably gets hurt the most is the $750k guy. Not enough pull to get
another $750k job but enough bills to take a serious hit from a 33%
salary cut.
My heart goes out to them. Maybe the $500,000 a year guy will have to
apply for food stamps.
The guy who gets hurt the most is from this are the guys making
$50,000 and less. Obama and the rest of the Democrats on Capital Hill
can't seem to follow the money as it trickles down from the the CEO's
paycheck to the gardeners paycheck, the mechanic a the Mercedes shop,
the clerk who works at Nordstrom's. The waiters and busboys at the
restaruant near the CEO's weekend house will suffer too.
The only thing that trickles down is pee.
Your grasp of economics is amazingly simplistic. Maybe you can go to
Russia and bring back some Soviet era Economists with their PhD's in
Communist Economics. They'd most likely work for minimum wage.
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