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World Wide recession!!!!

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billyfridge:
I think it's down to having to house, and feed too many immigrants Quantum.


oooooops.......incoming!!..........







 :D

xSyn:
What bothers me and my family the most is.. Even if we bail them out... Or.. Not.. They get to keep their jobs, but their the people that f--ked our country. I think they should be fired... I mean they are the reason that big companies are in such a disaster.

fuzzytomcat:

--- Quote from: Quantum on October 13, 2008, 12:55:05 pm ---
--- Quote from: fuzzytomcat on October 13, 2008, 11:41:21 am ---When any corporate CEO's make more money than the President or Prime Minister of a entire "COUNTRY" there is something fundamentally wrong, and needs to be corrected.

Cheers,
Fuzzy

--- End quote ---

It's not in the benefit of a country if the person running its motivation is money. Where as it is often useful for a company just looking for profits.

Executive positions in government are paid very little for their responsibilities on purpose..

--- End quote ---

I hope you kinda get my meaning the "Executive" branch makes the policies that effect the company profit the CEO can possibly make, and the CEO has no bearing on nothing other than the money they can make.

What does these people do that effect the world that makes them worth so much ? I assumed the company workers making a product that the consumers want is what makes the company, not realy the CEO ?

1 Lawrence J Ellison              Oracle                       192.92  "MILLION DOLLARS" a year
2 Frederic M Poses                Trane                       127.10
3 Aubrey K McClendon          Chesapeake Energy     116.89
4 Angelo R Mozilo                 Countrywide Financial   102.84
5 Howard D Schultz              Starbucks                     98.60
6 Nabeel Gareeb                  MEMC Electronic Mats     79.56
7 Daniel P Amos                   Aflac                            75.16
8 Lloyd C Blankfein                Goldman Sachs Group    73.72
9 Richard D Fairbank             Capital One Financial       73.17
10 Bob R Simpson                XTO Energy                  72.27
11 Richard S Fuld Jr              Lehman Bros Holdings     71.90
12 Steven Roth                   Vornado Realty              71.85
13 Marijn E Dekkers              Thermo Fisher               69.00
14 Steven A Burd                 Safeway                      67.17
15 Gregg L Engles                 Dean Foods                 66.08
16 Nicholas D Chabraja           General Dynamics          60.26
17 Leslie H Wexner                Limited Brands             56.06
18 David C Novak                  Yum Brands                 54.91
19 John T Chambers              Cisco Systems              54.77
20 William R Berkley               WR Berkley                  54.60

The President of the United States is payed $460,000 (Thousand Dollars) a year ..................... I guess at this rate, you get what you pay for

Cheers,
Fuzzy
 

texasboy:
 ;D The very banks here in UK that are being funded by tax payers money.
Sir Fred Goodwin(50) cheif executive of Royal Bank of Scotland must be laughing all the way to the bank. Annual salary of £4 million which if my calculations are correct is £11,908.00 per day. Plus huge pensions and pay offs on retirement. Our present Labour government seems to be determined  to bale these fat cats out in the pretence that we need them to keep the economy stable. Boll*icks!! The banks are a business,just like any other company.  They have screwed us all for many years,and mis-management should not be rewarded.
Here are a few links for reading.

http://www.mirror.co.uk/news/top-stories/2008/10/13/credit-crunch-gordon-brown-in-blitz-on-fatcat-excess-as-banks-look-for-45bn-to-stay-afloat-115875-20798339/

http://www.independent.co.uk/news/business/news/revealed-how-gordon-brown-has-cost-you-163100000-443730.html
cheers

Quantum:

--- Quote from: fuzzytomcat on October 14, 2008, 05:09:00 am ---The President of the United States is payed $460,000 (Thousand Dollars) a year ..................... I guess at this rate, you get what you pay for

Cheers,
Fuzzy
 
--- End quote ---

Do you honestly think that if a person running the country was payed $50 million a year we'd get better people? If the position were filled with people who were just in it for the money. Politics isn't like businesses, and it shouldn't be either.


--- Quote from: texasboy on October 14, 2008, 06:13:28 am ---Our present Labour government seems to be determined  to bale these fat cats out in the pretence that we need them to keep the economy stable. Boll*icks!! The banks are a business,just like any other company.  They have screwed us all for many years,and mis-management should not be rewarded.
Here are a few links for reading.

--- End quote ---

Well the banks spending isn't "fatcat spending", it's things like giving people a mortgage. So you can try and depersonalise the issues all you want and blame people who are earning a lot of money but it's a systemic failure across lending institutes that had been broadly backed by people and governments. Anyway government policy is to highly curb the excessive bonuses for bank bosses in the future.

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