1.28.2006

My Vet's Vette

What Econo-Girl and Liesure Lad were probably paying for is the 24 hour pet hospital with full staff. And it's good to know that it is there, but the local guy is cheaper. Fewer hours, though.

This debate stirs up the issue of executive compensation for Econo-Girl. You have to ask, are these CEO's worth it? And why are they worth it a lot more these days than in the past? Since "trickle down economics" has been disproven, is there any way to share the income from a corporation more equitably?

Econo-Girl has worked in the corporate world for a long time. The CEOs are NOT WORTH what they are paid relative to the workers. I know that makes me sound like a communist. I am unafraid.

3 comments:

The Lazy Iguana said...

What CEOs do borders on criminal. In many cases, it IS criminal.

Take United Airlines. Employees were duped into accepting pay cuts for toilet paper. Did I say toilet paper? I meant to say stock in the company. Same thing.

Everyone takes pay cuts, except for top management. They get bonuses AND toilet paper. Can they fly aircraft? No. Can they push the drink cart on a full flight? No. Can they load and unload bags? No. Yet they are the ones worth all the money.

Anyway, UAL goes into bankrupcy. The stock is worth less than toilet paper. Pension plans are abandoned by the company - and dumped on the government. Pilots loose up to 2/3 of their retirement benefits. Jobs are cut.

And now management wants more money. They asked the court for 15% of the new stock offering - for free. The court gave them 8%. What a crock of crap.

I am GLAD I do not work in the private sector. Not that I am totally safe from budget cuts, but at least the Mayor does not look at my job and think "if I can cut this guy, I can make MORE for myself".

Econo-Girl said...

Lewis, glad you're paid a lot. Sounds like tough stuff to do. And glad that a personal experience on the Mayor's part let's him know that.

Econo-Girl said...

Iggy, you are reflecting my sentiments exactly. All the lying and cheating just doesn't sit with me well. I know, as with any solution, that you wind up trading one bag of bullshit for another most times, but you got to admit, some shit is easier to take.