Ceo pay

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    • Op-Ed Columnist - Need a Job? $17,000 an Hour. No Success Required

      Posted by Jeff from New York Times

      "Compare the massive destruction of wealth for shareholders to what he gets at the end of the day," said Lucian Bebchuk, the director of the corporate governance program at Harvard Law School. A central flaw of governance is that boards of directors frequently are ornamental and provide negligible oversight. As Warren Buffett has said, "in judging whether corporate America is serious about reforming itself, C.E.O. pay remains the acid test." It's a test that corporate America is failing.

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      Freddie Mac CEO gets $19.8 million in '07

      Posted by Jeff from MSNBC

      Corporate CEO pay is a scandal no one wants to touch...here another example: If Syron stays at the helm of Freddie Mac through the end of next year, he will receive nearly $20 million in stock awards if the board says he has met certain goals. This year, he is guaranteed to get $8.8 million in stock grants regardless of performance.

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    • Americans see rich-poor gap worsening

      Posted by Jeff from Seattle Post-Intelligencer

      CEO pay is a scam too: Nearly three-quarters of Americans believe inequality is a major issue, versus 24 percent who don't think so, according to a new Bloomberg/Los Angeles Times poll. Most of the concern is among Democrats and independent voters, though a majority of Republicans -- 55 percent -- also called the situation serious.

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    Damianmann comments on:

    Americans see rich-poor gap worsening

    It’s that simple, huh?

    Reply »

    1:44 pm 12/15/06
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    ccfromsc comments on:

    Americans see rich-poor gap worsening

    Why is there a gap? That is never answered. Please spare me the class warfare lines and the class envy lines.

    The answerer is opportunity.

    Reply »

    10:04 am 12/15/06
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    Jeff

    Member since Dec 2008

    Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.

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