CEO Bonuses

chuq · Joined: 04 Dec 2007 Posts: 135 Location: Gulf South

I heard y/day that the CEO of Goldman/Sachs will get a bonus worth $68 million.....is anyone worth that kind of money?

Kizzume · Posted: Mon Dec 24, 2007 1:21 am Post subject:

No. That's ridiculous. A BONUS?! Now there's a company who must pay their lower employees really well Roll Eyes

redstaterebel · Joined: 05 Dec 2007 Posts: 128

It's the market at work.

The 68 million guy is receiving what the market will bear.

Sachs could find someone who would work for much less - but they find $68 million of value in having this guy run the
show.

Sure, it is an obscene amount of money - but its not our money. Its the shareholders money.

Kizzume · Posted: Mon Dec 31, 2007 5:22 am Post subject:

Are you saying it's not money that could have been split between lower employees, or even went into savings for customers, or that it couldn't have went into health care?

Gordon Shumway · Joined: 29 Dec 2007 Posts: 7

Kizzume · Posted: Tue Jan 01, 2008 1:33 am Post subject:

Gordon Shumway · Joined: 29 Dec 2007 Posts: 7

Kizzume · Posted: Tue Jan 01, 2008 7:50 am Post subject:

It's more of an issue of--do I want to support this company that uses its money in that way? I wish boycotts were useful anymore, but companies have gotten so big that boycotts are not useful anymore. It's not an issue of me thinking the government should do something about it--it's wishing that the people had ANY sort of recourse for when they seen companies like this--but boycotts are about the only thing, and we can see how fruitful boycotts are when you look at how well Walmart boycotts have went....

I will definitely complain about the way companies spend their money. I'm not about to tell them they can't--however, I AM going to complain about it.

jq · Joined: 02 Dec 2007 Posts: 1124

This is why I favor a maximum wage law. It does a lot more than a minimum wage law. Fights inflation, and increases the middle class. Money should be more evenly dispersed.

I'm not saying a CEO shouldn't be able to make a huge amount. But what if this guy got paid $20 million instead, and the other $48 million was divided among other employees. The people working the smaller but still important jobs would see bonuses maybe as high as $50,0000, and his bonus would stay prestigious. At the same time there would be over 1000 other employees receiving that $50,000 bonus and that chunk of change could help a lot of people and would end up going back into the economy.

Instead he will stick at least $50 million in the bank and it will never get spent-- everyone else underneath him is bitter-- and the economy is not better off.

Kizzume · Posted: Sat Jan 05, 2008 2:03 am Post subject: