Originally Posted by Radar Chief
So I take it you have your paycheck signed for and handed to you by a poor person?
If corporations get blame for the recession do they also get credit for the massive, record setting expansion that preceded it?
Somewhere along the line, executives lost themselves. They no longer serve their shareholders or act in the best interest of the corporation they work for. They are more interested in serving their own self-interest. The former expansion has a lot to do with opening up global markets (political decision), significant de-regulation which inspired wildly unethical practices that contributed to the massive economic collapse, and a massive tech boom as the world became more digital. No, not all corporations were bad during this time, but the bad ones massively contributed to the economic downturn.
Guys, this isn't rocket science. Corporations are laying off workers and our economy is in a massive recession, yet executive paychecks are going up.
I love the private sector and corporations. But good god, you can support corporations and not be blind to how wildly out of control executive compensation has become.