I ran into this image
on the site http://thepeoplegroupllc.com/tag/executive-suite/
Seeing the sinking ship (us, the workers) while the executive and his money float away disturbs me. I m struggling to get a job and keep my house. My house that is all I want –not fancy clothing, not dinners out, not being able to go to a movie, just feeding my cats and keeping my house. I am willing to work any hours and as many hours a week I can. Soon, next week maybe, I am going to apply for anything minimum wage jobs — this will only extend my unemployment compensation because I can make more on unemployment than minimum wage. Maybe I won’t work at minimum wage and just live off the dole.
Back to executive compensation. I could live, well off, on a fourth of one percent of one of these executive’s compensation. Maybe I should see if one would adopt me as their charity cause.
And the media.
I don’t get it.
Why is there is a problem with Obama putting a cap on executive’s compensation?
What is the worry of executives leaving their jobs for other jobs? Are these people not expendable? Even the President is expendable. We replace the president every 4-8 years.
There are millions of people unemployed and would be happy to take the lower executive compensation package even, most likely, one sixteenth of these packages. And I am sure even some candidates are equally qualified for the positions.
We, including you the media, need to quit thinking that these people are magicians, the only ones who can do these job, and they are not expendable.
As a shareholder in the bailed out companies, I strongly vote to put caps on executive compensation, including the getting shares of the company, they should buy them like everyone else. And if they don’t buy shares, are they confident of in their commitment to their company.
My opinion about caps on executive compensation is that they should be limited to a percentage of the companies’ lowest wage earner. Such as 300% of the minimum wage worker on the production floor. This would have the effect of more executive consideration to the common worker and wish to raise their compensation so they can get a raise.
Why are we taking it — and how can we change. I feel so helpless.