Ford

Discussion in 'Consumer Advocacy' started by gardener, Apr 6, 2007.

  1. gardener

    gardener Realistic Humanist

    Corporate bosses receive multimillion dollar compensation packages while the company posts losses. They aren't the only companies that do this, but they were on the news this morning.

    Please, explain? 28 million for losing money...shit and an employee can be laid off for taking a shit off break. Any wonder all these fat cats are smiling for the camera.

    http://money.cnn.com/2007/04/05/news/companies/ford_execpay/?postversion=2007040518

    Someone please explain this quote to me:

    For the little man give him 666,000 amount deduct 25% for taxes off the top it it doesn't multiply up to $2 million. Do the rich guys do different math than the rest of us?

    Or do they operate under a different system than we do?
     
  2. stinkfoot

    stinkfoot truth

    Corporate greed in America.... nothing new. In this case it happens to be visible. Perhaps Fraud Motor Company is calculating that the general public is so numbed by the overload of information related to corporate greed that to real reaction will be forthcoming. Clearly if only fringe elements like us are sufficiently outraged to say or do something then the fat cats will get away with more and more brazen fleecing of the American worker. It's certainly not against the law and the most government will do about it is to speechify the issue at election time if they think they can make political hay.

    The problem isn't just the greed at Fraud Motors. By our inaction we have collectively licensed big business to pay substandard wages and pocket huge bonuses. Congress can enact laws until the cows come home but without enforcement- either by legal means or by way of boycott (just don't buy their product or service) nothing is going to change. People need to start feeling a real threat- and as long as they are mesmerized by their teevees and as long as they allow others to tell them how to think they will be numb to the threat to their way of life.
     
  3. Joaquin

    Joaquin Member

    I have to say you calling them Fraud instead of Ford has definately convinced me to never buy one of their evil killing machines.
     
  4. spooner

    spooner is done.

    They pay executives incentives.

    It's about overcoming the principal-agent problem.
     

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