Thread: Minumum wage
View Single Post
Old 06-25-2006, 01:29 AM   #55 (permalink)
Cynthetiq
Tilted Cat Head
 
Cynthetiq's Avatar
 
Administrator
Location: Manhattan, NY
Quote:
Originally Posted by host
The CEO is no more than a criminal, parasite who carves out obscene profits by exploiting the labor of workers who he pays the lowest possible wage...then he pulls up stakes, leaving them to live unemployed, in a local environment polluted with industrial wastes generated by his corporation. The CEO is off to the next obscure corner of the world where he can operate unfettered by environmental or labor protection regulation....where he can pay wages of 60 cents per hour, or less....

Cynthetiq, in the face of a recent history of CEOs such as GE's Jack Welch, who was regarded in the business community, as "America's most admired CEO", after he took every penny of U.S. taxpayer money he could con from the U.S. government, layed off nearly half of GE's U.S. manufacturing workforce, required all GE suppliers to move their manufacturing from the U.S. to Mexico, resisted all demands to conduct operations anywhere in an environmentally responsible and accountable manner, and authored the "factory on a barge", concept of harvesting the cheapest labor in the world with the least environmental and worker welfare regulation, I see no justification for your comments.

The CEOs of the worlds largest companies have left nothing but poverty, pollution, unemployed workers and ripped-off taxpayers in every locale that they have since abandoned in pursuit of still lower labor cost and less regulated manufacturing "opportunities".

You seem to advocate kissing their asses in the hope that they will provide some of us a few fleeting "crumbs", even as they loot our national treasury, lobby against the interests of the rest of us, and pollute the few prisitine places that their factories have not already contaminated. Can't an equally persuasive case be made for reacting to them the way Italian partisans did to Mussolini and his mistress?
I'm sorry but CEOs don't make decisions in a vacuum. They bring their ideas to the Board of Directors and the shareholders. The BoD votes before things that affect the stock price happen, such as moving operations overseas, launching huge new initiatives like a new product like iPod or minivan.

Keep in mind that shareholders demand profits. They demand to get better returns than last year. Like a baseball manager that doesn't keep winning the world series, BoDs like to oust their CEOs when profits plateau or worse fall.

Yes, the top dogs of CEOs have left the fields of the world ravaged, Bill Gates, Paul Allen, Ted Turner, Sumner Redstone...
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
Cynthetiq is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360