Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 05-23-2013, 10:14 AM  
gblowfish gblowfish is offline
Be Kind To Your Pets
 
gblowfish's Avatar
 
Join Date: Jun 2002
Location: Glorious Independence, MO
Casino cash: $3180331
Let Them Eat Cake!

http://tinyurl.com/nqshn74

NEW YORK (AP) -- Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000.

Former IBM CEO Samuel Palmisano was guaranteed an administrative assistant and furnished office for life as a retirement gift — plus a $1 million office renovation.

Chipmaker Advanced Micro Devices bought the house CEO Rory Read struggled to sell for $790,000 — and gave him another $180,000 to cover his underwater mortgage.

These are not uncommon extravagances in the exclusive world of CEO perks, replete with bodyguards, chauffeurs and private jets. Last year, the median value of perks received by CEOs of big public companies was nearly $162,000, an increase of more than 9 percent, according to executive pay research firm Equilar. Perks declined in 2009, but have risen for three straight years.

Perks are just a small part of CEO compensation — the median pay for CEOs of S&P 500 companies last year was $9.7 million. And some companies are cutting back on perks, or at least getting rid of the ones that shareholders find most offensive. Still, they're a reminder of how CEOs' lifestyles are far removed from those of their shareholders, customers and employees.

Last year, companies paid for their CEOs' country club memberships, let them use corporate planes for personal travel and gave them health care plans better than their employees, among other perks.

Some corporate governance experts say giving perks to executives already making millions just exacerbates the public perception — fair or not — that they're more interested in lining their pockets than helping the company.
"They might do without a plane," says Brandon Rees, acting director at the investment office of the AFL-CIO union group, referring to CEOs' use of company planes for personal travel. "And instead invest it in (research and development)."

Companies tend to defend perks as legitimate business expenses that ultimately benefit shareholders: Flying on private planes keeps the executives safe. Country club memberships help them network. An attractive package helps a company lure the best talent.

"It is in the company's best interest if that person doesn't have to think about daily things as much as you or I might need to," says Jay Meschke, president of CBIZ Human Capital Services, a compensation and human resources consultant outside Kansas City, Mo. "You want to make sure that 100 percent of this person's efforts are devoted to the company's success."

Wynn Resorts calls CEO Wynn its "creative and organizational force," and says having him "in residence" at the Wynn Las Vegas "is a tremendous benefit to our guests and shareholders." The company says Wynn spends most of his time at the resort, and doesn't own a home in Las Vegas.

IBM says that giving the retiring CEO an office and administrative support is consistent with past practice, but declined to comment further. Advanced Micro Devices says that buying Read's old home helped speed up his transition to AMD from Lenovo, where he was chief operating officer.

Here are some other notable perks from 2012, spotted with help from GMI Ratings, which ranks companies on corporate governance metrics, and Footnoted.com, which scans SEC filings for institutional investors:

— AN EXCLUSIVE CLUB: Diebold, an ATM security company, got rid of country club benefits for all its executives except CEO Thomas Swidarski, who Equilar calculated would earn $6.1 million for 2012. The company said that "he, more so than our other executives, would benefit from the business development and networking opportunities." The company spent $72,280 on memberships for Swidarski, who stepped down in January under pressure from a board unhappy with the company's financial results.

— A PLACE TO CALL HOME: Insurer Axis Capital Holdings gave Albert Benchimol a housing allowance of $25,000 when he became CEO last year. That was included as part of a pay package, mostly in stock awards, that could be worth $22.7 million. Axis says it gives housing allowances to certain executives to help them pay for second homes in Bermuda, where the company is based, so that "talented executives" won't be deterred from joining the company. Shareholders earlier this month voted against the pay packages for Benchimol and other executives. The company didn't comment at the time.

— HOME, SAFE HOME: Las Vegas Sands spent $2.8 million to provide security for CEO Sheldon Adelson and his family. The company said it was acting on the advice of an independent security consultant for Adelson, a major donor to the Republican Party whose total pay for 2012 was about $10.7 million. That blew away the $1.6 million spent on a home security system by Amazon for Jeff Bezos, who is No. 2 in that category so far, according to GMI Ratings.

— A DRINK WITH YOUR BENEFITS?: Constellation Brands, maker of Svedka vodka and Black Velvet whiskey, gave its CEO a $10,000 "product allowance," so he could enhance his "knowledge and appreciation of our products." CEO Robert Sands, who made $7.7 million in fiscal 2012, used up $5,532 last year.
Posts: 26,401
gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 08:12 AM   #61
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by patteeu View Post
Yeah, that probably wasn't the best way to describe what I'm talking about. Government "services" were pretty limited back in the Franklin era. The government was small and the burden on taxpayers was small.

So as soon as we return to that scope of government, I'll accept your Franklin quote as a meaningful call to duty.
Are you aware the then scope means no veteran services? No family payment for soldiers? The government didn't notify the family that a soldiers died? No industrial revolution yet.

Also, his quote means a lot more now than then. Then it was easier to live in the fringe away from civilization. Now, most everything you use in a day is a result of society and civilization. If you don't want to pay the price for it, then go live with the savages.
Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 05-25-2013, 08:15 AM   #62
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by patteeu View Post
Payroll taxes are capped because those programs are designed to help lower and middle class taxpayers, not the wealthy. Liberals want to eliminate the caps so that the wealthy will be called to bear the lion's share of the burden, just like they already do with the income tax. Be honest for a change.

Whether those living off of SS and Medicare are living the high life or not is irrelevant.
If you understood context, you would understand the point the author was making.

IF you want to talk about being unfairly taxed, then the payroll tax is an example opposite of those Conservatives who say the Federal tax is unfair for rich people.

And increased the cap could help keep S.S. viable for years.

"to bear the lion's share of the burden, just like they already do with the income tax"
-- wow, you mean people who earn more money pay more in income tax!!!! Lions share, ,
Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 05-25-2013, 08:24 AM   #63
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by listopencil View Post
That actually defines the problem in a nutshell. It's their money. What your talking about is jealousy. It's just being wrapped in terminology that makes it easier for some people to justify confiscation by the government.
"A half century ago America’s largest private-sector employer was General Motors, whose full-time workers earned an average hourly wage of around $50, in today’s dollars, including health and pension benefits.

Today, America’s largest employer is Walmart, whose average employee earns $8.81 an hour. A third of Walmart’s employees work less than 28 hours per week and don’t qualify for benefits. "

http://robertreich.org/post/36219730368


Yea, I am going to believe a CEO's attempt to justify their multi million dollar salaries while the average american is earning less money than fifty years ago. Corporations are taking the workers money for themselves.
Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 05-25-2013, 10:10 AM   #64
RNR RNR is offline
Ok which door do I leave from
 
RNR's Avatar
 

Join Date: Sep 2001
Location: Close to the big pond~
Casino cash: $34863
Quote:
Originally Posted by Loneiguana View Post
"A half century ago America’s largest private-sector employer was General Motors, whose full-time workers earned an average hourly wage of around $50, in today’s dollars, including health and pension benefits.

Today, America’s largest employer is Walmart, whose average employee earns $8.81 an hour. A third of Walmart’s employees work less than 28 hours per week and don’t qualify for benefits. "

http://robertreich.org/post/36219730368


Yea, I am going to believe a CEO's attempt to justify their multi million dollar salaries while the average american is earning less money than fifty years ago. Corporations are taking the workers money for themselves.
I get your point but look at what happened to GM. Unfortunately it is a world market now. We are now competing with third world labor. It is much more complicated than CEO's keeping us down~
__________________

"If it’s true that our species is alone in the universe, then I’d have to say that the universe aimed rather low and settled for very little"
George Carlin~
Posts: 23,891
RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.RNR is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 10:20 AM   #65
SNR SNR is offline
Simply Red's backup vocalist
 
SNR's Avatar
 

Join Date: Apr 2002
Location: Where the hell is SNR
Casino cash: $4578178
That's not fair. Casinos always put their money towards such great causes!

Little Lymphoma Lyle isn't going to get his meds this Christmas because of this!
Posts: 54,583
SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.SNR is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 04:04 PM   #66
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $473425
Quote:
Originally Posted by Loneiguana View Post
Are you aware the then scope means no veteran services? No family payment for soldiers? The government didn't notify the family that a soldiers died? No industrial revolution yet.

Also, his quote means a lot more now than then. Then it was easier to live in the fringe away from civilization. Now, most everything you use in a day is a result of society and civilization. If you don't want to pay the price for it, then go live with the savages.
Duh. You don't say.

Don't use Ben Franklin quotes that aren't relevant.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.

Last edited by patteeu; 05-25-2013 at 04:09 PM..
Posts: 75,743
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 04:09 PM   #67
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $473425
Quote:
Originally Posted by Loneiguana View Post
If you understood context, you would understand the point the author was making.

IF you want to talk about being unfairly taxed, then the payroll tax is an example opposite of those Conservatives who say the Federal tax is unfair for rich people.

And increased the cap could help keep S.S. viable for years.

"to bear the lion's share of the burden, just like they already do with the income tax"
-- wow, you mean people who earn more money pay more in income tax!!!! Lions share, ,
I'm not failing to understand any context here.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,743
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 05:20 PM   #68
listopencil listopencil is online now
sic semper tyrannis
 
listopencil's Avatar
 

Join Date: Oct 2002
Location: In Partibus Infidelium
Casino cash: $1129506
Quote:
Originally Posted by Loneiguana View Post
"A half century ago America’s largest private-sector employer was General Motors, whose full-time workers earned an average hourly wage of around $50, in today’s dollars, including health and pension benefits.

Today, America’s largest employer is Walmart, whose average employee earns $8.81 an hour. A third of Walmart’s employees work less than 28 hours per week and don’t qualify for benefits. "

http://robertreich.org/post/36219730368


Yea, I am going to believe a CEO's attempt to justify their multi million dollar salaries while the average American is earning less money than fifty years ago. Corporations are taking the workers money for themselves.


Yeah, lets hold up the auto industry as a bright shiny beacon for all companies. We can always just keep bailing them out. Meanwhile Wal Mart is evil because they turn a profit and don't pay cashiers fifty bucks an hour. You want to make more money? Put in the work and get the education to make yourself worth more money. Otherwise be happy that more successful people than you are running a company well enough to provide that paycheck you live off of. Like I said: Jealousy.
__________________
"As I walked out the door toward the gate that would lead to my freedom, I knew if I didn't leave my bitterness and hatred behind I'd still be in prison."


Posts: 27,864
listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.listopencil is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 06:06 PM   #69
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $473425
Quote:
Originally Posted by listopencil View Post
Yeah, lets hold up the auto industry as a bright shiny beacon for all companies. We can always just keep bailing them out. Meanwhile Wal Mart is evil because they turn a profit and don't pay cashiers fifty bucks an hour. You want to make more money? Put in the work and get the education to make yourself worth more money. Otherwise be happy that more successful people than you are running a company well enough to provide that paycheck you live off of. Like I said: Jealousy.
Hear, hear.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,743
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 05-25-2013, 09:28 PM   #70
Frazod Frazod is offline
Banned
 
Frazod's Avatar
 

Join Date: Aug 2000
Location: my own personal pig hell
Casino cash: $1001187
It should also be mentioned that 50 years ago the auto industry wasn't getting crushed by paying the pensions and healthcare benefits of generations of retired workers, either. Retired workers who are living longer and longer, but at greater and greater cost.

I mean, I'm no fan of ****tarded corporate greed, but no comparison from then to now should overlook this.
Posts: 91,125
Frazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < CasselFrazod < Cassel
  Reply With Quote
Old 05-26-2013, 06:28 AM   #71
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by RNR View Post
I get your point but look at what happened to GM. Unfortunately it is a world market now. We are now competing with third world labor. It is much more complicated than CEO's keeping us down~

If we are going to blame third world countries for lowering pay, then we need to start out sourcing CEO labor, because that is were the country is pissing money down the drain.

We can find quality leadership at half the price in another country, then re-invest that money into the overall company.

Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 05-26-2013, 06:29 AM   #72
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by patteeu View Post
Duh. You don't say.

Don't use Ben Franklin quotes that aren't relevant.
It is relevant. I think you misunderstood what I typed.

/I am use to that from you
Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 05-26-2013, 06:31 AM   #73
mlyonsd mlyonsd is offline
Supporter
 

Join Date: Aug 2000
Location: Spink, SD
Casino cash: $53799
Quote:
Originally Posted by Loneiguana View Post
If we are going to blame third world countries for lowering pay, then we need to start out sourcing CEO labor, because that is were the country is pissing money down the drain.

We can find quality leadership at half the price in another country, then re-invest that money into the overall company.

Wow. There's some brilliant analysis.
Posts: 24,851
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 05-26-2013, 06:35 AM   #74
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by listopencil View Post
Yeah, lets hold up the auto industry as a bright shiny beacon for all companies. We can always just keep bailing them out. Meanwhile Wal Mart is evil because they turn a profit and don't pay cashiers fifty bucks an hour. You want to make more money? Put in the work and get the education to make yourself worth more money. Otherwise be happy that more successful people than you are running a company well enough to provide that paycheck you live off of. Like I said: Jealousy.
I wasn't aware that the auto industry failed in the Fifties.

Do you have an excuse that isn't retarded?

The American Worker works harder, gets more done, and is paid LESS than thirty plus years ago. It is not jealousy to protest earning less money.

The average American is not enjoying the growth of the American economy.




Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 05-26-2013, 06:38 AM   #75
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 

Join Date: Nov 2012
Location: Springfield
Casino cash: $32976
Quote:
Originally Posted by mlyonsd View Post
Wow. There's some brilliant analysis.
Which part?

If the low pay of workers in other countries is needed to keep cost down and is the reason for outsourcing, than why not hold that same logic to CEO labor? America has the most expensive CEO labor in the World. We can obviously get the talent for less.

/do I think that will actually happen, no. But if you want to blame the "high pay" of the average american worker, than it is only fair to turn the tables
Posts: 3,603
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 09:23 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.