Seth

Alas, you speak the t***h.

son of witless

permafrost Loc: Minnesota

hello Jean, glad to see your post again..



Before we look at the details, a heartfelt plea from the Save the CEO’s Charitable Trust:

There’s so much suffering in the world. It can all get pretty overwhelming sometimes. Consider, for a moment the sorrow in the eyes of a CEO who’s just found out that his end-of-year bonus is only going to be a paltry $2.3 million.

“It felt like a slap in the face. Imagine what it would feel like just before Christmas to find out that you’re going to be forced to scrape by on your standard $8.4 million compensation package alone. Imagine what is was like to have to look into my daughter’s face and tell her that I couldn’t afford to both buy her a dollar sign shaped island and hire someone to chew her food from now on, too. To put her in that situation of having to choose… She’s only a child for God’s sake.”

It doesn’t have to be this way. Thanks to federal subsidies from taxpayers like you, CEO’s like G. Allen Andreas of Archer Daniels Midland was able to take home almost $14 million in executive compensation last year. But he’s one of the lucky ones. There are still corporations out there that actually have to provide goods and services to their consumers in order to survive. They need your help.

For just $93 billion a year the federal government is able to provide a better life for these CEO’s and their families. That’s less than the cost of 240 million cups of coffee a day. Won’t you help a needy corporation today?

son of witless

What is your problem ? No I mean what is your problem ? Why do you care what Archer Daniels Midland does ? WHY ????? What business is it of yours' how much the stock holders pay their chief employee ?

Now if you were a stock holder in the company and you were unhappy with your return on equity, then I would be right there with you, " K**l the Evil Capitalist Pig Dog " might be my mantra. I am guessing that you are not a stock holder, or as I like to say, you are not an owner of the company.

Well neither am I, that I know of. I may own some of it in my IRA mutual Funds, but I do not know. As far as I can research ADM is a good investment. That is a big FREAKING DEAL, because that ain't easy. If I was a stock holder in ADM I would consider that I got off cheap paying the CEO only $ 14 Million, because he made me money. Like if I owned a baseball team, paid up millions for a pitcher, he won 30 games, and we won the World Series, I'd love the guy. If the same guy lost 30 games and we finished last in our division, I would h**e him.

https://seekingalpha.com/article/4249768-archer-daniels-midland-offers-low-risk-10-percent-annual-return-long-term

Now lets us look at another CEO. A friend of Obama. Jeffrey Immelt, who used to run GE. If I was a stock holder in GE, while Obama's buddy ran it, I would be angry, very angry at what ever salary he was paid because GE did not do very super good during those years.

permafrost Loc: Minnesota

It seems you are confusing govt subsidies, which come out of our pockets with no return to us and purchasing stock in some company.. we expect return on our own investment of stock..

Yes, I do still own some stock, but not in ADM..

GE i will add was and is a champion of offshore production and an early user of the policy. 1979 I think..

I have not posted anything to asses the investor. My posts have been directed to the labor and the taxpayer. Both very victimized by the practice of offshoring..

It is not only the out of line compensation of CEOs but the total price of subsidies given that are borne by the taxpayer..

Far more than traditional welfare costs..

truthiness

....
Where the current deficits originated:
https://www.budget.senate.gov/imo/media/doc/GOP%20Policies%20Caused%20the%20Deficit%20REPORT%2010-15-18.pdf

jeff smith

as much of a knucklehead I think you are at times . you have a good idea .

son of witless

You like many of your compadres mingle things together that should not be mingled. The thrust of your previous post was CEO compensation. If you wish to discuss government subsidies, separate from your usual class warfare rants, I am your guy. As a broad principal I am against government subsidies. As a practical sense I am not naive to think they can be totally eliminated. They have their place in a very limited way. Politicians decide something is desirable and they sprinkle incentives to make private companies do that something.

The farm industry is rife with government goodies. Small family farms aren't practical very much in America and are replaced by mega farms who still get the family farm subsidies. As a corporate player in the agricultural industry it is natural that ADM would benefit from subsidies.

You are against subsidies that benefit large corporations. Fair enough. I am against Green subsidies that benefit all things green like Solyndra and ethanol.

Unfortunately for both of our viewpoints, the farm and the green lobbies are very powerful.

permafrost Loc: Minnesota

Well, I looked back at my post, and OK it is a bit out of context.. but meant to show extreme reimbursement at the top level of corps.

the rest of what you post is not far removed from my opinions, except the green stuff..

so we both move right along..

son of witless

I do not care how much CEOs make. If they make money for their investors and follow the law, I don't care how much they make. As far as subsidies, we are in some agreement, though I believe we each might have our blind spots. But you see this plays in with my Libertarian streak. The bigger the government gets, the more money it controls.

Corporations, Lobbyists, lawyers, government unions, and politicians are far more brilliant than I and you are in finding ways to harvest some of that money. If we find ways to shrink government, there will be less sharks circling because there will be less money.

Jean Deaux

Thanks Perm. I took a tumble and wound up in a rehabilitation hospital for a while but I'm good as new now, even if a bit older.
I know, times is hard! But if many of these corporations with great holiday gifts for upper management/exorbitant salaries/bonuses, lost those managers, would their corporations remain as profitable? If it is management guidance that has allowed these corporations to succeed and prosper, I suspect their pay is well worth it. Genuine talent/genius/ability to lead higher and higher is worth the salaries these CEOs/managers command, or at least their boards of directors think so.

Jean Deaux

Think that one through, Kevin. Britain has a Value Added Tax (VAT) that is the bane of their existence. Every level of production, t***sportation, warehousing, sales, advertising, etc. adds their tax and necessary profit to the price of the product. The result is one of incredibly high prices on a wide variety of products. Coal, for instance, is taxed for the value added by the miners, for the t***sportation, for storage, and then you get a sales tax levied in addition (not counting the expenses/profit that each level must add if they are to remain in business). The same holds for virtually all products.

A whale of a deal for their government but not so sweet for the consumer. I've had it with governments that tax, tax, tax, the better to lavish their ill gotten gains on some nonsensical cause or product. Far too many governments no longer realize the value of personal enterprise and the wages/profit a citizen should be able to expect for his exertions. I frankly do not need the services of some bureaucrat with his heels up on his desk making decisions on my behalf! I'm a big boy now and prefer not to have bureaucrats influence on government making decisions on how to spend my taxes.

Michael Rich Loc: Lapine Oregon

permafrost Loc: Minnesota

Glad to hear it..

I think that if you have a group that went to the same focus schools, have the same goals, given the same situation, will tend to make the same decisions..
So why go nuts paying the one who is give the top position..

And of course your point about guidance is good, but I hold that most cases others would do the same things.

but, the boards make the rules, a uninvolved observer does not..

So the trend will not stop..

Jean Deaux

Lets look at magnitude. Obama created the biggest national debt in world history at approximately $21 Trillion; Trump has created somewhere in the neighborhood of $2 Trillion and much of that can be laid at the feet of obama who decimated our military when he reduced the Army to 1940s strength levels and the Navy to the number of ships we had afloat in 1912. But then obama never was pro-American. And the nonsense that obama contributed anything to the unemployment rates or profits earned by the country is sheer nonsense. Our "community organizer" knew nothing of business and he surrounded himself with a cabinet and a group of czars that were equally handicapped; know nothings all! Other than creating a massive national debt the only thing he distinguished himself with was spending on vacations; 8 years and he squandered $1.3 Billion on vacations/safaris for himself and his family. Pretty good for a poor Kenyan know nothing!