money.cnn.com— Google CEO Eric Schmidt and co-founders Larry Page and Sergey Brin will receive a $1 annual salary for 2007, the company disclosed in a regulatory filing Monday.
Mar 5, 2007View in Crawl 4
"The average CEO gets paid 430 times the average non-management salary. In 1980 the average was only 40 times! CEOs today sure as f**k aren't making 10x as much money for the shareholders, and employees sure as f**k aren't 1/10th as productive as they used to be."The main problem is CEO's (some of them) aren't being paid according to their performance.However, increasing shareholder's value isn't the reason why CEO's make more. CEO's have a lot more legal responsibilities than they did in the 80's. You're comparing numbers and years without taking into account all the laws that were passed governing corporate roles. It's a common mistake for those who don't know any better.
You were in the military? Sorry, but only pacifist metrosexuals (i.e., MacBook owners) are allowed to post here. Go back to your cave! $1? You got more than you deserved! Unless by military, you mean Hugo Chavez's military. In that case, we salute you!
They don't go around the legal system either, they are still required to pay tax on dividends and any money they get from selling stocks. The only thing they don't have to pay for is income tax on their annual salary since it's only $1. It's symbolic mostly, and they are still contributing toward the same fund, just in a different manner.
I guess restaraunts/small businesses could do away with hourly pay and pay people by salary...then they wouldn't have to worry about minimum wage. What an ingenous idea!
5-10%? Thats an arbitrary number. I believe in a tax system, but I also believe in accountability on both ends. We are held accountable by threat of bad credit, liens, wage garnishes (mmm, garnish) and jail time if we cheat on our taxes. If the government cheats on spending them, who is held accountable? If the myopic views of a few old crusty shallow white men of great means are the views that dictate how that money is spent, I think the system is broken but should be fixed. The sad reality is that our government is set up on a system of checks and balances, and we take that to actually mean something. Let me tell you, it doesn't. Our check on government is so infrequently polled to keep things going the way the public would like to see them going that congressmen, supreme court judges and executive appointed positions know that our anger can be curbed since we can only exercise it during election years. Poor performance is never disciplined and most offenders don't even get a slightly humiliating slap on the wrist. Watch the proceedings on "Scooter" now that he's been convicted. I bet there is a pardon in there somewhere. Who pulled the trigger on that anyway?At the end of the day, we give these jokers our money to spend. They use it against us.
Most people that do this earn so much money anyway that they end up contributing lots of money to charities anyway - a lot more than what would be taken out by Income Tax. So I applaud them for sticking it to our greedy, wastful, crooked government.
tubatechnoMar 6, 2007
"The average CEO gets paid 430 times the average non-management salary. In 1980 the average was only 40 times! CEOs today sure as f**k aren't making 10x as much money for the shareholders, and employees sure as f**k aren't 1/10th as productive as they used to be."The main problem is CEO's (some of them) aren't being paid according to their performance.However, increasing shareholder's value isn't the reason why CEO's make more. CEO's have a lot more legal responsibilities than they did in the 80's. You're comparing numbers and years without taking into account all the laws that were passed governing corporate roles. It's a common mistake for those who don't know any better.
Closed AccountMar 6, 2007
You were in the military? Sorry, but only pacifist metrosexuals (i.e., MacBook owners) are allowed to post here. Go back to your cave! $1? You got more than you deserved! Unless by military, you mean Hugo Chavez's military. In that case, we salute you!
moocatMar 6, 2007
They don't go around the legal system either, they are still required to pay tax on dividends and any money they get from selling stocks. The only thing they don't have to pay for is income tax on their annual salary since it's only $1. It's symbolic mostly, and they are still contributing toward the same fund, just in a different manner.
unstablemindMar 6, 2007
I guess restaraunts/small businesses could do away with hourly pay and pay people by salary...then they wouldn't have to worry about minimum wage. What an ingenous idea!
nadiankaMar 6, 2007
Maybe Gates should do this too?
dafragstaMar 6, 2007
5-10%? Thats an arbitrary number. I believe in a tax system, but I also believe in accountability on both ends. We are held accountable by threat of bad credit, liens, wage garnishes (mmm, garnish) and jail time if we cheat on our taxes. If the government cheats on spending them, who is held accountable? If the myopic views of a few old crusty shallow white men of great means are the views that dictate how that money is spent, I think the system is broken but should be fixed. The sad reality is that our government is set up on a system of checks and balances, and we take that to actually mean something. Let me tell you, it doesn't. Our check on government is so infrequently polled to keep things going the way the public would like to see them going that congressmen, supreme court judges and executive appointed positions know that our anger can be curbed since we can only exercise it during election years. Poor performance is never disciplined and most offenders don't even get a slightly humiliating slap on the wrist. Watch the proceedings on "Scooter" now that he's been convicted. I bet there is a pardon in there somewhere. Who pulled the trigger on that anyway?At the end of the day, we give these jokers our money to spend. They use it against us.
d17182_Mar 6, 2007
If we had the FairTax instead of the income tax, rich business owners wouldn't be able to get around of the system this way.
abortedfetusMar 6, 2007
Most people that do this earn so much money anyway that they end up contributing lots of money to charities anyway - a lot more than what would be taken out by Income Tax. So I applaud them for sticking it to our greedy, wastful, crooked government.
mhmdkhamisOct 20, 2007
<a class="user" href="http://www.paramegsoft.com/forum/forum93.html">http://www.paramegsoft.com/forum/forum93.html</a><a class="user" href="http://game.paramegsoft.com/">http://game.paramegsoft.com/</a>great