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While you pay into your 401k, CEOs collect $250k in monthly pension payments

71 pointsby qsymmachusover 7 years ago

3 comments

mywittynameover 7 years ago
&gt; Why such a sweet deal? Obviously it’s no easy task running a major corporation, so a commensurately meaty paycheck is to be expected.<p>Statements like this really grate on me. Corporations large enough to afford seven-figure annual salaries already have dozens, if not hundreds of great, capable employees that could do at least as good a job as these guys for 100th of the cost.<p>The obscene salaries are purely the result of collusion.
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scrumperover 7 years ago
CEO? Why bother with the MBA? You can pull that kind of scratch (and more) down being a librarian in New York City, or an educator upstate, or a firefighter.<p><a href="http:&#x2F;&#x2F;seethroughny.net&#x2F;pensions&#x2F;" rel="nofollow">http:&#x2F;&#x2F;seethroughny.net&#x2F;pensions&#x2F;</a><p>Or if you fancy over half a million a year, just be a retired history professor.<p>EDIT: I&#x27;m an order of magnitude out. $250k&#x2F;_month_ in TFA. I misread that.
Top19over 7 years ago
Such a shame reading news like this. I’d like to point out that this isn’t really even a conservative vs liberal view anymore, regarding corporate greed, corporate malpractice, etc. Even Steve Bannon has said this.<p>While we definitely will always have culture battles to fight between both parties, the reality is the Republican Party was essentially “captured” by the Koch Brothers starting in the 1980’s, and it made it drastically shift to the right on corporate issues. The Tea Party, which in the end is a force for good (really shocked me to write that), was able to internally destroy the Republican Party and thus undo most of it’s absurd corporate agenda, but by that time Citizen’s United has passed and perhaps half of the corporate shills or so fled to the Democratic Party, which is now also captured.<p>In conclusion, it will be the extreme wings of both parties, Tea Party on the right and Socialists on the left, that will save the economic system, but this solution wasn’t ideal and there could have been a better way.
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