"BAR" wrote in message
. ..

That's correct: many if not most things are no longer made in the USA,
but if you are going to buy foreign-made goods, and we all do, you can
still try to avoid goods made in countries like the People's Republic of
China.

Over-priced union labor moved most manufacturing offshore.

Don't forget overpriced management.

12M year CEO pays for a lot of workers a producing.

Canuck57 wrote:
"BAR" wrote in message
. ..

That's correct: many if not most things are no longer made in the USA,
but if you are going to buy foreign-made goods, and we all do, you can
still try to avoid goods made in countries like the People's Republic of
China.
Over-priced union labor moved most manufacturing offshore.

Don't forget overpriced management.

12M year CEO pays for a lot of workers a producing.



A guy who is the CEO of a company that has 20,000 employees and his
leadership increases profits by 20% what is a fair wage for that type of
performance?

"BAR" wrote in message
. ..
Canuck57 wrote:
"BAR" wrote in message
. ..

That's correct: many if not most things are no longer made in the USA,
but if you are going to buy foreign-made goods, and we all do, you can
still try to avoid goods made in countries like the People's Republic
of China.
Over-priced union labor moved most manufacturing offshore.

Don't forget overpriced management.

12M year CEO pays for a lot of workers a producing.



A guy who is the CEO of a company that has 20,000 employees and his
leadership increases profits by 20% what is a fair wage for that type of
performance?

I don't hear the CEOs of Ford or GM having their wages garnished because of
the domestic auto tailspin.

On Sat, 24 Nov 2007 18:13:12 -0500, BAR wrote:

Canuck57 wrote:
"BAR" wrote in message
. ..

That's correct: many if not most things are no longer made in the USA,
but if you are going to buy foreign-made goods, and we all do, you can
still try to avoid goods made in countries like the People's Republic of
China.
Over-priced union labor moved most manufacturing offshore.

Don't forget overpriced management.

12M year CEO pays for a lot of workers a producing.

A guy who is the CEO of a company that has 20,000 employees and his
leadership increases profits by 20% what is a fair wage for that type of
performance?

That's an interesting subject - just what is "fair" compensation.

Take Dick Grasso for example. A lot of economists, including
Greenspan, give him total credit for saving the economy almost single
handed through sheer force of personality and hard work after 9/11 in
getting the merchantile and stock exchanges to work in concert on
reopening.

He was paid 160 million when he was retired and you'd think he raped
everybody's mother.

Personally, if he had been paid one billion it wouldn't have been
enough for that performance.

On the other hand, how much is what's his face at Exxon worth who
happened to stumble onto a bubble in oil trading and, basically did
nothing for his upty ump million dollar "bonus"?

It's a tricky question.

"Short Wave Sportfishing" wrote in message
...


On the other hand, how much is what's his face at Exxon worth who
happened to stumble onto a bubble in oil trading and, basically did
nothing for his upty ump million dollar "bonus"?

It's a tricky question.


It is. I was thinking about it and asked myself this:

If you drive to Foxwoods, sit down at a one-armed bandit, throw in a 25 cent
token and hit the jackpot for a few million, did you earn it? If not,
should you be able to keep it?

Eisboch

On Sat, 24 Nov 2007 20:07:21 -0500, "Eisboch"
wrote:


"Short Wave Sportfishing" wrote in message
.. .


On the other hand, how much is what's his face at Exxon worth who
happened to stumble onto a bubble in oil trading and, basically did
nothing for his upty ump million dollar "bonus"?

It's a tricky question.

It is. I was thinking about it and asked myself this:

If you drive to Foxwoods, sit down at a one-armed bandit, throw in a 25 cent
token and hit the jackpot for a few million, did you earn it? If not,
should you be able to keep it?

Interesting question.

If you earned the .25¢ and used it to take the gamble to win a million
dollars, then I'd say yes.

In the case of what's his face, his bonus was based solely on forces
quite beyond his control. He benefited from activities not directly
under his control.

Now, if he was paid his agreed upon amount for good performance as CEO
and the windfall amount spread amoung the shareholders as a dividend,
then I wouldn't have a problem.

"Short Wave Sportfishing" wrote in message
...


If you earned the .25¢ and used it to take the gamble to win a million
dollars, then I'd say yes.

In the case of what's his face, his bonus was based solely on forces
quite beyond his control. He benefited from activities not directly
under his control.

Now, if he was paid his agreed upon amount for good performance as CEO
and the windfall amount spread amoung the shareholders as a dividend,
then I wouldn't have a problem.



Let's say you found the 25 cent token on the floor. What say you then?

I am not familiar with this Exxon dude or his story, but I am sure he was
hired with a contract.
I'd agree, an unearned windfall is not morally his, but contractually it
probably is.

Eisboch

On Sat, 24 Nov 2007 20:33:20 -0500, "Eisboch"
wrote:


"Short Wave Sportfishing" wrote in message
.. .


If you earned the .25¢ and used it to take the gamble to win a million
dollars, then I'd say yes.

In the case of what's his face, his bonus was based solely on forces
quite beyond his control. He benefited from activities not directly
under his control.

Now, if he was paid his agreed upon amount for good performance as CEO
and the windfall amount spread amoung the shareholders as a dividend,
then I wouldn't have a problem.

Let's say you found the 25 cent token on the floor. What say you then?

Good point.

"Finder's keepers, loser's weepers"? :)

I am not familiar with this Exxon dude or his story, but I am sure he was
hired with a contract.
I'd agree, an unearned windfall is not morally his, but contractually it
probably is.

Also good points.

It's a pretty complex issue.