On Tue, 03 Jun 2008 21:07:39 -0500, Dan C
<youmustbejoking@lan.invalid> wrote:

>On Wed, 04 Jun 2008 01:48:17 +0000, Don't Taze Me, Bro! wrote:
>
>>>> and shareholders suffer while GM pays GM Chief a crap load of money....
>
>>> Ahhh. You're a socialist/Lib/Dimocrat, eh?
>
>> Umm, for thinking the shareholders should not suffer losing money while the
>> GM Chief is paid an insane amount of money?
>
>It's a fact of life, Junior. Sometimes shareholders lose money. That's
>the way the stock market and the free enterprise system works. As for the
>CEO making an "insane" amount of money... well, it's certainly more than
>other GM employees make, but that's (also) how things work. Those in
>charge get paid more. Simple fact of life. Perhaps if you had more
>education, you could make some money, yourself!

Here is a fact for you. Rick Wagoner, CEO of GM got total
compensation last year of over $14 million. That is more than the
compensation of the CEO and the 36 board members of Honda Motor
Company combined. Honda had record sales last month. How is GM
doing? Oh, that's right, the death spiral thing - never mind.

Anyway, US executives are paid obscene amounts of money not just in
comparison to "other employees," but compared to their foreign
counterparts. Hard to see the value here. The truth is that American
companies are - more and more - being run for the benefit of the
executives rather than the stockholders or, god forbid, the mainstream
workers.