Study shows U.S. bank CEO pay dwarfs rest of world

[lrm21]

Quote from pitz:

Surely, you mean 'incompetent'.

Seriously, there's no magic skill involved in being a CEO. All those people have extensive armies of risk management people, VP's, etc., around them.

And the President of the USA only makes, what, $500k/year?? And he runs an organization that is several orders of magnitude more complex than any Fortune 500 company. And it hasn't quite blown up yet either..

You're suggesting that engineers who can put things and people into space, who make less than $200k/year, working for Boeing or NASA, aren't smart enough to run a Fortune 500 company? Lol. That's a good one.

I think its take quite a bit of skill to openly divert trillions of dollars of national wealth to cover up the mismanagement of your industry.

Avoid any criminal, or even personal retribution all the while maintaining your wealth as the citizens are bankrupted.

Clearly your statement is better applied to Americans in general.

 

[truehawk]

These bankers are but the culmination of the campaign to repudiate any idea of a social contract for the common good between countryman to grow the pie so that all can prosper.

It has taken 40 years for the Bushs and Mellons and Scafies among other FDR haters, the sponsers of Glen Beck and Rush Limbaugh to bring this about.

They starved manufacturing of capitol. And drove capitol intensive manufacturing
to places like France and the Netherlands where GE manufacturs jet engines (from basically a USAF design) because their cost of capitol is about 3%.


They hated unions so badly that they lobbies against any kind of an industrial policy that would create manufacturing jobs, for no other reason than they love to hate unions. Even when union memebers are the source of the funds that they "managed" (skimmed management fees from) and their best customers.

Anne Ryan was a Russian and her antisocial meme is turning out to be the real weapon of mass destruction that has wrecked the American economy and brought the rest of the West to it's knees.
Their "enlightened self interest" was to loot and leave before before the collapse, but now they have persuaded the government that the government does not belong in banking and thus they should stay on.

Well, I have news for them. They do not belong in banking either. They have throughly failed in fostering sustainable economic activity.
It is time for the Federal Govt to loan directly to business as they did during WW II, which resulted in the US finally pulling out of the depression.