Home › Forums › Financial Markets/Economics › Coming San Diego Govt Layoffs
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Arraya.
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December 12, 2008 at 12:55 PM #315320December 12, 2008 at 1:37 PM #314862
meadandale
Participant[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.
December 12, 2008 at 1:37 PM #315218Participant[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.
December 12, 2008 at 1:37 PM #315252Participant[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.
December 12, 2008 at 1:37 PM #315274Participant[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.
December 12, 2008 at 1:37 PM #315345Participant[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.
December 12, 2008 at 1:48 PM #314867kewp
Participant[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!
December 12, 2008 at 1:48 PM #315223Participant[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!
December 12, 2008 at 1:48 PM #315257Participant[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!
December 12, 2008 at 1:48 PM #315279Participant[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!
December 12, 2008 at 1:48 PM #315350Participant[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!
December 12, 2008 at 2:08 PM #314882Participant[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.
December 12, 2008 at 2:08 PM #315238Participant[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.
December 12, 2008 at 2:08 PM #315272Participant[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.
December 12, 2008 at 2:08 PM #315294Participant[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.
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