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Old 05-17-2018, 08:33 AM  
BucEyedPea BucEyedPea is offline
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Dem Rep Ellison: ‘Very Good Idea’ for Government to Regulate CEO Pay

But they're not commies or even fascists! Riiiiight!
Wednesday on Bloomberg, Rep. Keith Ellison (D-MN) said the government should “start talking about” regulating pay disparities between CEOs and the average worker....

Ellison said, “As you know, under the Dodd-Frank Financial Reform Act, it became required that the publicly traded companies would have to report the ratio between CEO pay and the median worker. It took about five years or more for the Securities Exchange Commission to create a rule. They finally did so now we have a data set of about 225 public the traded companies. We find that CEOs are paid an exorbitant amount of money’s compared workers. How bad and extreme it was really was shocking to me.”...

When asked if he is advocating government regulation, Ellison said,”I think it is a very good idea. We should start talking about it.”

Video in link with more info
http://www.breitbart.com/video/2018/...ulate-ceo-pay/

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Old 05-18-2018, 07:51 AM   #46
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Originally Posted by BucEyedPea View Post
Warren Buffet is a Carpetbagger.
He is also an ultra successful investor with a ton of experience both as an executive and on prominent boards dealing with executive comp.
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Old 05-18-2018, 07:58 AM   #47
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The only people that complain about shit like this are worthless turds who cant support themselves and blame everyone else for their issues.

Not one single CEO is keeping anyone from living the life that they have the desire to live.
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Old 05-18-2018, 08:21 AM   #48
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The only people that complain about shit like this are worthless turds who cant support themselves and blame everyone else for their issues.

Not one single CEO is keeping anyone from living the life that they have the desire to live.
More to the point, a great CEO can bring great shareholder values and provide solid returns for stockholders. If the CEO and top management team are building companies and making excellent returns and profits they deserve to be rewarded. Employee compensation in the form of stock options are a great tool to make sure the business has a long term focus on planned and solid growth. Many companies use options or long term compensation rewards for front line management and above...not just CEO's.
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Old 05-18-2018, 08:24 AM   #49
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The only people that complain about shit like this are worthless turds who cant support themselves and blame everyone else for their issues.

Not one single CEO is keeping anyone from living the life that they have the desire to live.
I would say the same about "worthless turds" who make enough money to support welfare yet bitch about it. If you bitch about welfare, then you should also be bitching about corporate welfare. And vice versa. I can support myself and then some. But I don't want executive incompetence to negatively impact my retirement funds or screw up the job market. And if you claim that the ceo does nothing to impact your life, then you have no right to bitch about the economy. Because executives play a critical role in its success or failure.

I care about the issue because I want an economy where corporations and the private sector invest back into the economy. That is the market I want to be in, that I want to invest in, and that I want for my children. That has nothing to do with griping about "fairness" and there are plenty of successful people who have a huge issue with this.
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Old 05-18-2018, 08:34 AM   #50
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Originally Posted by HonestChieffan View Post
More to the point, a great CEO can bring great shareholder values and provide solid returns for stockholders. If the CEO and top management team are building companies and making excellent returns and profits they deserve to be rewarded. Employee compensation in the form of stock options are a great tool to make sure the business has a long term focus on planned and solid growth. Many companies use options or long term compensation rewards for front line management and above...not just CEO's.
Not exactly. Stock options & performance incentives have led to short-term risky behaviors. It's setting ridiculous goals that drives Wells Fargo to sell fake bank accounts to hit a cross-sell target. It's this kind of behavior that leads to rushing product launches or sales blitzes that destroy long-term value. A McKinsey study with C-suite executives showed that most executives believe these performance incentives pressure snap decisions at the expense of long-term value. Stock options have a lot of flaws, and lack of long-term orientation is definitely one of them.
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Old 05-18-2018, 08:45 AM   #51
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Originally Posted by chiefzilla1501 View Post
Not exactly. Stock options & performance incentives have led to short-term risky behaviors. It's setting ridiculous goals that drives Wells Fargo to sell fake bank accounts to hit a cross-sell target. It's this kind of behavior that leads to rushing product launches or sales blitzes that destroy long-term value. A McKinsey study with C-suite executives showed that most executives believe these performance incentives pressure snap decisions at the expense of long-term value. Stock options have a lot of flaws, and lack of long-term orientation is definitely one of them.

You dont understand stock options. That is abundantly clear.

Incentive programs can be a great reward vehicle if structured properly.

No doubt some badly structured reward the wrong behaviors and outcomes. But you show a terrific lack of understanding of compensation and rewards.

Many companies use long term incentives that are based on EPS increases, sales targets, share of markets and are not a short term package.
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Old 05-18-2018, 09:11 AM   #52
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Originally Posted by HonestChieffan View Post
You dont understand stock options. That is abundantly clear.

Incentive programs can be a great reward vehicle if structured properly.

No doubt some badly structured reward the wrong behaviors and outcomes. But you show a terrific lack of understanding of compensation and rewards.

Many companies use long term incentives that are based on EPS increases, sales targets, share of markets and are not a short term package.
And what do executives do to hit those targets. EPS - emergency spending cuts and slashing across the board. Pay attention to what executives do when their options vest. Predictably they slash spending prior to the earnings report.

Sales target / share of markets - sales blitz --> set impossible goals for your sales force. Cut prices on everything, discount/discount/discount to meet goal. Meanwhile slashing all your R&D and innovation expenses, slash all your marketing, slashing employee programs, and focus on spending cuts/sales blitzes with under-priced, brand diluted product to create value for your company. That is exactly the short-term behavior critics of executive comp are pushing back against. And that's considering that these executives usually have the buffer of extremely lucrative golden parachutes that compensate you handsomely even if you **** up. All of this basically creates a system where executives cash in big time if they win, cash in big time if they lose.
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Old 05-18-2018, 11:36 AM   #53
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Board of Directors are not impartial. They are too often yes-men for executives which especially includes incentive packages that are aligned to the executives, misaligned with the company's best interest.

I agree, an IMPARTIAL Board of Directors SHOULD be the solution to the problem. But only if they operate the way that they're supposed to. And today, they are not. So fix that problem. Don't ask government to fix compensation, which is basically a recipe for govt corruptly picking winners and choosers.


I served on a Board of Directors for two years. We treated the CEO like he was an employee. Nothing more, nothing less.

If he wasn't LEADING the company - he would have been fired. And when I say :EADING - I mean turning a profit for the shareholders.
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Old 05-18-2018, 11:37 AM   #54
Randallflagg Randallflagg is offline
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You are full of shit.
Indeed, he is - he is most likely a recent graduate of a University where they teach that hogwash.

Once in the "real" world - things NEVER work out the way some asshole "Professor" claimed they would.
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Old 05-18-2018, 11:38 AM   #55
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If he wasn't LEADING the company - he would have been fired. And when I say :EADING - I mean turning a profit for the shareholders.
Well the point of leading a company is to make sure its employees' needs are met, not returning any sort of capital to its owners. Duh.
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Old 05-18-2018, 11:39 AM   #56
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And what do executives do to hit those targets. EPS - emergency spending cuts and slashing across the board. Pay attention to what executives do when their options vest. Predictably they slash spending prior to the earnings report.

Sales target / share of markets - sales blitz --> set impossible goals for your sales force. Cut prices on everything, discount/discount/discount to meet goal. Meanwhile slashing all your R&D and innovation expenses, slash all your marketing, slashing employee programs, and focus on spending cuts/sales blitzes with under-priced, brand diluted product to create value for your company. That is exactly the short-term behavior critics of executive comp are pushing back against. And that's considering that these executives usually have the buffer of extremely lucrative golden parachutes that compensate you handsomely even if you **** up. All of this basically creates a system where executives cash in big time if they win, cash in big time if they lose.

Sonny - I see that you are hell bent on "defending" your position, so go ahead. "executives" are there to lead the rank and file. The CEO is there to insure that they do just that. Next, a CEO is there to insure that the shareholders are happy.

If the shareholders are not happy - he will NOT be a CEO very long. Guaranteed.
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Old 05-18-2018, 11:40 AM   #57
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Well the point of leading a company is to make sure its employees' needs are met, not returning any sort of capital to its owners. Duh.

Bullshit. A CEO is there to insure that the shareholders are getting a return on their investments. People like you and me are expendable.

Go to your boss tomorrow and tell him that you don't like the way you are "treated". He'll tell you "Tough shit - get back to work"

Quit living in a unicorn world....
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Old 05-18-2018, 11:41 AM   #58
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Bullshit. A CEO is there to insure that the shareholders are getting a return on their investments. People like you and me are expendable.

Go to your boss tomorrow and tell him that you don't like the way you are "treated". He'll tell you "Tough shit - get back to work"

Quit living in a unicorn world....
Erm..
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Old 05-18-2018, 11:55 AM   #59
BucEyedPea BucEyedPea is offline
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Well the point of leading a company is to make sure its employees' needs are met, not returning any sort of capital to its owners. Duh.


Since when do you take such a communistic view? Is this sarcasm?

The point of leading a company is to ensure profit or it doesn't survive and those same employees are out-of-work.
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Old 05-18-2018, 12:28 PM   #60
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Is this sarcasm?
.
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