SOLIDARITY RATIO- learn it, live it ,love it.
If I don't hear Randi say these words today, I'll scream. This is the name of the "you can't make more than x times as much as the lowest paid employee" system she's refering to and it should be a condition of every bailout package the Federal Government endorses including wall street, Detroit and the Airlines, etc.
You want to borrow money from me, fine, no one may earn more than 100 times more than any other employee, including bonuses, incentives, perq's, stocks, or defered payment.
In short, there should be no loophole that allows a CEO to get a paycheck that conforms but deferred compensation that does not.
SOLIDARITY RATIO!!!!!
Full Version: SOLIDARITY RATIO!!!
CEO are making 400 times what their employees make, so I agree.
QUOTE (arlouper @ Sep 22 2008, 01:57 PM) 
SOLIDARITY RATIO- learn it, live it ,love it.
If I don't hear Randi say these words today, I'll scream. This is the name of the "you can't make more than x times as much as the lowest paid employee" system she's refering to and it should be a condition of every bailout package the Federal Government endorses including wall street, Detroit and the Airlines, etc.
You want to borrow money from me, fine, no one may earn more than 100 times more than any other employee, including bonuses, incentives, perq's, stocks, or defered payment.
In short, there should be no loophole that allows a CEO to get a paycheck that conforms but deferred compensation that does not.
SOLIDARITY RATIO!!!!!
If I don't hear Randi say these words today, I'll scream. This is the name of the "you can't make more than x times as much as the lowest paid employee" system she's refering to and it should be a condition of every bailout package the Federal Government endorses including wall street, Detroit and the Airlines, etc.
You want to borrow money from me, fine, no one may earn more than 100 times more than any other employee, including bonuses, incentives, perq's, stocks, or defered payment.
In short, there should be no loophole that allows a CEO to get a paycheck that conforms but deferred compensation that does not.
SOLIDARITY RATIO!!!!!
100 is a big multiplier. In more SOCIALIST countries, like Spain, the Mondragon Cooperatives get by with a lower multiplier (see footnote 11):
QUOTE
The policy governing pay differentials was for many years based on a ratio of 3:1; no member was allowed to earn more than three times the salary of the lowest paid member.� This ratio changed as time passed to 4.5:1 in the 1970s, 6:1 in the 1980s and currently, can be even higher, as senior managers are permitted to be paid within 30% of the market rate.� Even though a neutral, technical committee determines what the market rate for the salary is, and the cooperative's General Assembly must approve any pay raise of this kind, the new pay policy has been a contentious issue in the co-ops in recent years.
Ben & Jerry's made that famous, ultimately they caved also I believe.
Wont happen, the financial world has bought and paid for all of our politicians, well maybe not Bernie Sanders...
Wont happen, the financial world has bought and paid for all of our politicians, well maybe not Bernie Sanders...
QUOTE (Randys @ Sep 22 2008, 04:07 PM)
Ben & Jerry's made that famous, ultimately they caved also I believe.
Wont happen, the financial world has bought and paid for all of our politicians, well maybe not Bernie Sanders...
Wont happen, the financial world has bought and paid for all of our politicians, well maybe not Bernie Sanders...
Your are correct. Ben and Jerry's did make it famous in the US and did cave. The best example of this from recent years was the Daimler/Chrystler merger. position by position comparisons (i.e. the EVP of marketing for Daimler vs. the EVP of marketing for Chrystler) the Chrystler execs made 17 times more than their Daimler colleagues.
Oh, you're also correct that it won't happen. Bernie for president.
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