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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, 12:30 PM   #61
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Originally Posted by Discuss Thrower View Post
.
What does a period mean here?
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Old 05-18-2018, 12:58 PM   #62
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Originally Posted by Randallflagg View Post
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.
The shareholders they are trying to satisfy are by and large short-term horizon. So the same problem still applies. If your CEO is constantly trying to hit short-term target after short-term target, that usually means cost-cutting and sales incentives. And it means de-emphasizing R&D, innovation, and long-term transformational investments. Those are value destructive behaviors. Case in point... Tim Cook. How's that innovation pipeline going for him since he de-emphasized R&D?

That is the problem with the average CEO, and those are just the CEOs and boards that mean well. That's not getting into the many boards out there that are cronies to the CEO. That's assuming all Boards are any good at setting comp or do they allow the executives to hand-pick an "impartial" comp consultant. Ratchet-ratchet-bingo.
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Old 05-18-2018, 01:01 PM   #63
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I checked the Constitution. Nothing in there grants the government the right to regulate CEO's pay.
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Old 05-18-2018, 01:07 PM   #64
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Originally Posted by chiefzilla1501 View Post
The shareholders they are trying to satisfy are by and large short-term horizon. So the same problem still applies. If your CEO is constantly trying to hit short-term target after short-term target, that usually means cost-cutting and sales incentives. And it means de-emphasizing R&D, innovation, and long-term transformational investments. Those are value destructive behaviors. Case in point... Tim Cook. How's that innovation pipeline going for him since he de-emphasized R&D?

That is the problem with the average CEO, and those are just the CEOs and boards that mean well. That's not getting into the many boards out there that are cronies to the CEO. That's assuming all Boards are any good at setting comp or do they allow the executives to hand-pick an "impartial" comp consultant. Ratchet-ratchet-bingo.
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Old 05-18-2018, 01:41 PM   #65
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Originally Posted by Randallflagg View Post
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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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.
Come on, people. I know we have some crazy things said in this forum, but sometimes when it sounds ridiculous, it's just sarcasm.
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Old 05-18-2018, 01:43 PM   #66
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Originally Posted by Carr4MVP View Post
I checked the Constitution. Nothing in there grants the government the right to regulate CEO's pay.
I don't think CEO pay should be regulated, but you really should read the Constitution if you're going to comment on it.

https://www.law.cornell.edu/constitu...iclei#section8

https://www.law.cornell.edu/wex/nece..._proper_clause
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Old 05-18-2018, 01:50 PM   #67
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Originally Posted by patteeu View Post
Come on, people. I know we have some crazy things said in this forum, but sometimes when it sounds ridiculous, it's just sarcasm.
No, not when that's essentially and effectively what our resident lefties are doing. Ya' never know around here. I at least asked if it was sarcasm so at least I suspected it could be.
I call this one borderline.
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Old 05-18-2018, 01:58 PM   #68
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Originally Posted by BucEyedPea View Post
No, not when that's essentially and effectively what our resident lefties are doing. Ya' never know around here. I at least asked if it was sarcasm so at least I suspected it could be.
I call this one borderline.
Yes, you at least asked. I award you partial credit.
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Old 05-18-2018, 02:25 PM   #69
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Originally Posted by chiefzilla1501 View Post
The shareholders they are trying to satisfy are by and large short-term horizon.
Incorrect. Further, securities are not a zero sum game even if you were correct on the buy and holding habits of individual investors preferring short time horizons.

Quote:
Originally Posted by chiefzilla1501 View Post
So the same problem still applies. If your CEO is constantly trying to hit short-term target after short-term target, that usually means cost-cutting and sales incentives. And it means de-emphasizing R&D, innovation, and long-term transformational investments. Those are value destructive behaviors. Case in point... Tim Cook. How's that innovation pipeline going for him since he de-emphasized R&D?
Apple still has insane profit margins and they've been been the bad guy using buybacks to return value to shareholders.. which statistically are people who are shareholders in a fund.. and fund shareholders aren't typically invested on shorter time horizons...

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Originally Posted by chiefzilla1501 View Post
That is the problem with the average CEO, and those are just the CEOs and boards that mean well. That's not getting into the many boards out there that are cronies to the CEO. That's assuming all Boards are any good at setting comp or do they allow the executives to hand-pick an "impartial" comp consultant. Ratchet-ratchet-bingo.
Have you asked yourself what are the differences between an "average" CEO and an "average" rank-and-file employee? Like it or not and until a board has the bold idea to go looking for a proverbial diamond in the rough below the C level of their company to take the chief executive title, CEOs are going to keep coming from the same relative strata of professionals who have been seen as qualified for such a role.

Dovetailing back to Tim Cook, he got a paycut a year ago for missing revenue goals. Whether or not this is good or bad is irrelevant, but to imply that the vast majority of CEOs in the country are the stereotypical type to succeed by failing upward until they find their biggest golden parachute to retire on ignores the fact that there's a 2 to 1 or higher ratio of CEOs who are never going to be in a position to receive a multimillion severance for failing at their job because they helm companies that may not make millions in revenue.
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Old 05-18-2018, 02:38 PM   #70
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Originally Posted by Carr4MVP View Post
I checked the Constitution. Nothing in there grants the government the right to regulate CEO's pay.


Don't tell the left that......they are CERTAIN that government controls EVERYTHING..
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Old 05-18-2018, 02:39 PM   #71
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Originally Posted by manchambo View Post
I don't think CEO pay should be regulated, but you really should read the Constitution if you're going to comment on it.

https://www.law.cornell.edu/constitu...iclei#section8

https://www.law.cornell.edu/wex/nece..._proper_clause

OK...WHERE does it say that the Government has a right to regulate pay? (thumb tapping on the bar and whistling....waiting.....)
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Old 05-18-2018, 02:41 PM   #72
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OK...WHERE does it say that the Government has a right to regulate pay? (thumb tapping on the bar and whistling....waiting.....)
So I understand you--if the word "CEO" isn't in there, you don't believe Congress has the power to regulate one?
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Old 05-18-2018, 02:42 PM   #73
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Originally Posted by chiefzilla1501 View Post
The shareholders they are trying to satisfy are by and large short-term horizon. So the same problem still applies. If your CEO is constantly trying to hit short-term target after short-term target, that usually means cost-cutting and sales incentives. And it means de-emphasizing R&D, innovation, and long-term transformational investments. Those are value destructive behaviors. Case in point... Tim Cook. How's that innovation pipeline going for him since he de-emphasized R&D?

That is the problem with the average CEO, and those are just the CEOs and boards that mean well. That's not getting into the many boards out there that are cronies to the CEO. That's assuming all Boards are any good at setting comp or do they allow the executives to hand-pick an "impartial" comp consultant. Ratchet-ratchet-bingo.

Oh good Lord.....I give up.... you are well beyond redemption.
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Old 05-18-2018, 02:43 PM   #74
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Originally Posted by manchambo View Post
So I understand you--if the word "CEO" isn't in there, you don't believe Congress has the power to regulate one?

Still waiting for you to show me in the Constitution OR the Bill of Rights where Congress has the power to regulate pay for a private corporation, whether it be a CEO, a President of a corporation, its employees or it's board of directors....
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Old 05-18-2018, 02:48 PM   #75
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Originally Posted by Randallflagg View Post
Still waiting for you to show me in the Constitution OR the Bill of Rights where Congress has the power to regulate pay for a private corporation, whether it be a CEO, a President of a corporation, its employees or it's board of directors....
After putting it that way, it sounds like Ellison want to regulate pay for Trump. Ellison wants to undermine Trump and try to bankrupt him-personally.
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