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Author Topic:   Executive Pay - Good Capitalism Bad Capitalism?
Rrhain
Member
Posts: 6351
From: San Diego, CA, USA
Joined: 05-03-2003


Message 63 of 135 (824664)
12-01-2017 9:53 PM
Reply to: Message 62 by Tangle
12-01-2017 6:44 PM


Re: What someone gets vs what they earn vs what they are worth
Tangle writes:
quote:
Profit is shared with the owners of the company
Profile is shared with those people the bylaws of the company say it should be shared with.
Surely you aren't saying that an employee profit-sharing structure isn't "capitalist," are you?
After all, we used to have regulations on companies that incentivized using those profits to increase employee salaries, provide better benefits, etc. But then the Reagan revolution came along and the regulations instead incentivized using those profits to pay dividends to shareholders. That, in turn, led to companies paying their board members and CEOs not through salaries but through stock...which then incentivized the board and CEO to make business decisions that are primarily geared toward improving the stock price rather than improving the company.
Exactly how would adjusting our fiscal policy to redirect the use of those profits to be back into the company rather than the shareholders be against "capitalism"?

Rrhain

Thank you for your submission to Science. Your paper was reviewed by a jury of seventh graders so that they could look for balance and to allow them to make up their own minds. We are sorry to say that they found your paper "bogus," specifically describing the section on the laboratory work "boring." We regret that we will be unable to publish your work at this time.

Minds are like parachutes. Just because you've lost yours doesn't mean you can use mine.

This message is a reply to:
 Message 62 by Tangle, posted 12-01-2017 6:44 PM Tangle has replied

Replies to this message:
 Message 65 by Tangle, posted 12-02-2017 3:10 AM Rrhain has not replied

  
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