Coming San Diego Govt Layoffs

[kewp]

[quote=meadandale]Here you go kewp…Here’s your example of underpaid, efficient and honest government workers in your neck of the woods:

http://www.signonsandiego.com/uniontrib/20081212/news_lz1ed12top.html%5B/quote%5D

Again, those are all senior executives. Fire them all. Please.

Executive pay should be capped at 5X the lowest employee wage regardless of industry.

You really should compare apples to apples and their compensation packages to Wall Street, Detroit and Oil company execs. It’s not even close by many orders of magnitude.

And for the record, the entire UC endowment is less than 1% of the current Fed bailout of the supposedly ‘efficient’ free market!

[meadandale]

[quote=kewp]
You really should compare apples to apples and their compensation packages to Wall Street, Detroit and Oil company execs. It’s not even close by many orders of magnitude.[/quote]

The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.

In the public sector, there is no natural limit on pay because pay is in no way tied to profit.

Do I think it is ridiculous that an oil company executive gets a $400 million retirement package? Absolutely…OTOH that executive ran a company that made trillions of dollars for the shareholders.

[meadandale]

[quote=kewp]
You really should compare apples to apples and their compensation packages to Wall Street, Detroit and Oil company execs. It’s not even close by many orders of magnitude.[/quote]

The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.

In the public sector, there is no natural limit on pay because pay is in no way tied to profit.

Do I think it is ridiculous that an oil company executive gets a $400 million retirement package? Absolutely…OTOH that executive ran a company that made trillions of dollars for the shareholders.

[meadandale]

[quote=kewp]
You really should compare apples to apples and their compensation packages to Wall Street, Detroit and Oil company execs. It’s not even close by many orders of magnitude.[/quote]

The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.

In the public sector, there is no natural limit on pay because pay is in no way tied to profit.

Do I think it is ridiculous that an oil company executive gets a $400 million retirement package? Absolutely…OTOH that executive ran a company that made trillions of dollars for the shareholders.

[meadandale]

[quote=kewp]
You really should compare apples to apples and their compensation packages to Wall Street, Detroit and Oil company execs. It’s not even close by many orders of magnitude.[/quote]

The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.

In the public sector, there is no natural limit on pay because pay is in no way tied to profit.

Do I think it is ridiculous that an oil company executive gets a $400 million retirement package? Absolutely…OTOH that executive ran a company that made trillions of dollars for the shareholders.

[meadandale]

[quote=kewp]
You really should compare apples to apples and their compensation packages to Wall Street, Detroit and Oil company execs. It’s not even close by many orders of magnitude.[/quote]

The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.

In the public sector, there is no natural limit on pay because pay is in no way tied to profit.

Do I think it is ridiculous that an oil company executive gets a $400 million retirement package? Absolutely…OTOH that executive ran a company that made trillions of dollars for the shareholders.

[kewp]

[quote=meadandale]
The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.
[/quote]

Uh, except these companies aren’t turning a profit. They are losing hundreds of billions of dollars. And the executives are still raking in multi-million dollar salaries courtesy of tax-payer funded bailouts.

Privatize profits and socialize risk. Republican socialism at its finest!

[kewp]

[quote=meadandale]
The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.
[/quote]

Uh, except these companies aren’t turning a profit. They are losing hundreds of billions of dollars. And the executives are still raking in multi-million dollar salaries courtesy of tax-payer funded bailouts.

Privatize profits and socialize risk. Republican socialism at its finest!

[kewp]

[quote=meadandale]
The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.
[/quote]

Uh, except these companies aren’t turning a profit. They are losing hundreds of billions of dollars. And the executives are still raking in multi-million dollar salaries courtesy of tax-payer funded bailouts.

Privatize profits and socialize risk. Republican socialism at its finest!

[kewp]

[quote=meadandale]
The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.
[/quote]

Uh, except these companies aren’t turning a profit. They are losing hundreds of billions of dollars. And the executives are still raking in multi-million dollar salaries courtesy of tax-payer funded bailouts.

Privatize profits and socialize risk. Republican socialism at its finest!

[kewp]

[quote=meadandale]
The difference that continues to elude you is that the money to pay those executives comes from the profit of actually making/selling a product in the private sector.
[/quote]

Uh, except these companies aren’t turning a profit. They are losing hundreds of billions of dollars. And the executives are still raking in multi-million dollar salaries courtesy of tax-payer funded bailouts.

Privatize profits and socialize risk. Republican socialism at its finest!

[meadandale]

[quote=kewp]Privatize profits and socialize risk. Republican socialism at its finest![/quote]

I never said that I was FOR the bailouts in the financial sector. In fact, quite the contrary; I’m not for ANY bailouts for anyone, including homeowners, bankers, auto workers and government employees.

[meadandale]

[quote=kewp]Privatize profits and socialize risk. Republican socialism at its finest![/quote]

I never said that I was FOR the bailouts in the financial sector. In fact, quite the contrary; I’m not for ANY bailouts for anyone, including homeowners, bankers, auto workers and government employees.

[meadandale]

[quote=kewp]Privatize profits and socialize risk. Republican socialism at its finest![/quote]

I never said that I was FOR the bailouts in the financial sector. In fact, quite the contrary; I’m not for ANY bailouts for anyone, including homeowners, bankers, auto workers and government employees.

[meadandale]

[quote=kewp]Privatize profits and socialize risk. Republican socialism at its finest![/quote]

I never said that I was FOR the bailouts in the financial sector. In fact, quite the contrary; I’m not for ANY bailouts for anyone, including homeowners, bankers, auto workers and government employees.

[Author]

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