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HUFFPOST SUPER USER
kvh
kvh
09:42 PM on 05/08/2012
YEA! At last--let's hope that happens in the U;S; I hope they get to vote on his leaving package.
Those are way out of line to.
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HUFFPOST SUPER USER
Durt Bagg
I know dirt.
09:26 PM on 05/08/2012
50 years ago the CEO to Average worker pay was 30 to 1.... Today it's 400 to 1.

Report: Firms spent more on CEO pay than taxes
Twenty-five of the 100 largest U.S. corporations paid their chief executives more than they paid the government in federal income taxes last year, according to a report released Wednesday.

The nonprofit Institute for Policy Studies says the 25 CEOs averaged $16.7 million in salary and other 2010 compensation. Most of the companies they ran, meanwhile, came out ahead at tax time, collecting tax refunds that averaged $304 million, according to its review of public filings.
http://www.spokesman.com/stories/2011/sep/01/report-firms-spent-more-on-ceo-pay-than-taxes/

The GOP’s Intellectual Dishonesty Regarding Bush Tax Cuts For The Rich
Republicans say that tax cuts for the wealthy must be extended to protect the economy and small businesses, even though neither would be affected by their lapse.
http://tinyurl.com/2cgltuc
GreatGrand mama
We must make our choices with care
12:22 AM on 05/09/2012
I would okay it if these hogwash corporations would hire some people who are waiting in the wings ... needing a job.. When I retired.. I thought I would go back to college, and get a business degree, with every intention to do so..but when th economy tanked, I decided against it.. I don't have the $$$$$$$$ for a business degree..
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HUFFPOST SUPER USER
Annie Snyder
Not Going to Sit Down and Shut Up
09:20 PM on 05/08/2012
If more companies would axe the overpaid dbags at the top and pay only a reasonable salary, they could use the ridiculous millions they've been giving these sociopaths to hire more people to get things done, stop burning out the people who do the actual work of a company, and reduce unemployment.
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HUFFPOST SUPER USER
dragonladywaltham
politicians are SUPPOSED to serve Americans
09:11 PM on 05/08/2012
It's about time share holders revolted about unreasonable compensation and especially when business performance does not warrant it.
08:53 PM on 05/08/2012
It's about time for CEO's to pay the price- not just those at the bottom of the corporate ladders.
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arc23con
why would I?
08:40 PM on 05/08/2012
This needs to happen here in the US. CEO's are way over paid, and it's time the shareholders take over the companies they own.
GreatGrand mama
We must make our choices with care
12:24 AM on 05/09/2012
all it takes is holding one share in a company. and someone like me.. with a big mouth who would get up and tell them why.. and prior to that.. Dig up all you can find on the clown who is blowing the share holders dollars..
08:27 PM on 05/08/2012
Oh, why couldn't this have been Jeffy Sleezak, CEO of United Airlines!!!!!!!!!
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HUFFPOST SUPER USER
PlacidLife
08:10 PM on 05/08/2012
No doubt, this CEO and all CEOs have a big FAT compensation plan set up regardless of their performance upon their exit. So this is no big deal for them.
08:06 PM on 05/08/2012
This pay should be based on results, not just position and power. Shareholders are finally realizing that allowing this excessive pay to continue without results is just a message that they can do anything including drive the company into the ground and not pay for it. We have one of the worst group of business leaders in a long long time.
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HUFFPOST SUPER USER
tomofsnj
10:07 PM on 05/08/2012
The problem with results is they get to write the rules on how to measure success. The worse management policies could get big bonus checks. Deferred maintenance killed railroads. Once they could not defer it anymore the tracks could not hold the trains. The exec moved on to other corporations to ruin. The government stepped in and created amtrack and conrail.
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HUFFPOST SUPER USER
Boatnmaniac
I'm just sayin'
10:27 PM on 05/08/2012
In public corporations the board of directors sets the criteria for measuring success, not the CEO. The CEO has influence in this matter, especially when the CEO is on the board, but the CEO does not have the final say in the matter.

Too many people point the finger of blame for outrageous compensation packages at the CEOs when it should be pointed at the board of directors.
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tennisguy
Adapt or perish ... H.G. Wells
08:01 PM on 05/08/2012
This is great news. The compensation packages for top execs are ridiculous in both the USA and the UK.

I hope the public rises up and dumps those pigs in charge. We have out of control plutocracies in both countries.
07:43 PM on 05/08/2012
See what happens when these corporations aren't allowed to pay top dollar for top talent? The talent leaves. Who else has the talent to lose 33% of the company's stock value?
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HUFFPOST SUPER USER
Mad Hatter 1
07:36 PM on 05/08/2012
Many more should be shown the door.
HUFFPOST SUPER USER
hg wells
07:36 PM on 05/08/2012
theives, all of them.
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wlewan60
Chart your own course
07:12 PM on 05/08/2012
They should all quit. If this practice happened in the open market to the rest of us we'd be aquised of gouging and fired immediatly. Almost all of these corporate crooks take apsolutly no personal risk inn their business, the risk is borne by the shareholders who are being screwed. In almost all of these cases, if the business failed and took a drastic loss, causing the company to layoff thousands of employees, these CEO's will still get their millions in salary and perks plus a bonus.
Think back to the recent bailouts when the walls were comming down on the American worker. Those extra millions could have saved many of the jobs lost, keeping the ecconomy afloat.
HUFFPOST SUPER USER
lowrodiay65
07:02 PM on 05/08/2012
$28 million pay for one year and the company did badly? Never amazes me, person is paid to do a job and when they do it the board gives them a huge bonus for doing the job they were paid to do in the first place.
HUFFPOST SUPER USER
Marcin A Mazurek
You live and learn. At any rate, you live. - D.A
07:36 PM on 05/08/2012
its called "incentive" apparently.
Hell, I'd be happy with a yearly 600,000. after tax.