US CEO pay declines for second year in a row

7 posts / 0 new

Thu, 2010-04-01 18:49

Doug

Won't somebody PLEASE think of the executives?

The Hay Group management consultancy examined the salaries, bonuses, stock and long-term incentives of the chief executives of 200 major U.S. companies. The firm found that the median value fell by 0.9 percent last year to $6.95 million, the Wall Street Journal reported. In 2008, pay fell by 3.4 percent.

Issues Pages:

Economy

Thu, 2010-04-01 19:08

Boom Boom

I just watched a report on CNN that said "hedge fund managers are back to raking in billions of dollars again".

ETA Link:

Hedge fund manager paycheck: $4 billion

http://money.cnn.com/2010/04/01/markets/hedge_fund_manager_pay/index.htm

Mon, 2010-04-05 16:12

Doug

Mon, 2010-04-05 17:44

No Yards

Right, and with the new US health Care Reform law the Insurance companies are moving costs that used to go under expenses to the "health care delivery" column .. this is so that they can show the same ratio of heath care spending to revenue while still making more and higher profits (without actually spending more real money on heathcare delivery.)

Don't forget that Corporations have economists on salary as well as the government... when a government economist comes up with rules and formula to determine how they will figure out how much money an insurance company is spending on delivery of heathcare, or how much a corporate CEO is reimbursed, the corporate economist is right there making sure that the rules and formula are abused to the fullest extent of human dishonesty achieviable with a modern "business" school higher education.

Any decrease in any CEO's reimbursement must be viewed with the utmost scepticism as there is no reason to believe that those in control of the numbers are doing anything but "slight of hand" when they suddenly claim to be losing wages just as they come under fire for abusive wage manipulation.

Tue, 2010-04-06 01:07

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

Doug wrote:

Won't somebody PLEASE think of the executives?

The Hay Group management consultancy examined the salaries, bonuses, stock and long-term incentives of the chief executives of 200 major U.S. companies. The firm found that the median value fell by 0.9 percent last year to $6.95 million, the Wall Street Journal reported. In 2008, pay fell by 3.4 percent.

Wow. At that rate, they'll lose all the gains of the last two decades within the next century.

Poor bastards.

Sun, 2010-06-13 03:21

NDPP

Short Bursts on a long road to nowhere: Welcome to Walmart

http://www.chris-floyd.com/articles/1-latest-news/1977-short-bursts-on-a...

"Of course, the truth of the matter is that our elites really do think like this. They really believe their value to the world is immeasurably greater than any member of the common rabble--or indeed, the common rabble as a whole.."

Sat, 2010-06-26 11:22

Doug

I like it when someone comes up with a simple way of explaining things like this:

I’m a carrot too. So are you. We need our lacy finery, our crocheted flowers. We need to set seed and droop into a shabby graceful old age. We need our feeder roots. And our taproot is not there for some shopper to chomp – it’s there to nourish the plant while it engenders seed, and dower those seeds with enough stored food to get their own proper start.

Business only exists because we exist, yet like other critters it tries its best to get all the candy and none of the wrappers. It isn’t intelligent enough, overall, to realize that if it slices out the taproot and starves the rest of the plant, carrots will disappear, immediately followed by the businesses who depend on them.