Ted,<br> <br> Why do you see need for a change? I think it is good that these people that make the world go round get compensated for their work, at least somebody is. <br> <br> If these people were not worth what they are getting paid they will soon lose their jobs. <br> <br> Best,<br> <br> _DJA<br> <br><br><b><i>Ted Moffett <email@example.com></i></b> wrote:<blockquote class="replbq" style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;"> <div>All:</div> <div> </div> <div>Many will not read the article from Fortune at the web link I gave, but some of the quotes from that article are so incredible, given who they come from, I thought I'd forward them in a separate post.</div> <div>No, these are not anti-business leftists or collectivists talking... Can we skip the over simplifying stereotypes and derogatory labels to discuss reality for a change? The statements after the web link are from the Fortune
article: </div> <div> </div> <div><a href="http://money.cnn.com/magazines/fortune/fortune_archive/2006/07/10/8380799/index.htm">http://money.cnn.com/magazines/fortune/fortune_archive/2006/07/10/8380799/index.htm</a></div> <div> </div> <div>How bad are things? Here's one wise man's assessment: "About half of American industry has grossly unfair compensation systems where the top executives are paid too much," says Charlie Munger, Warren Buffett's partner at Berkshire Hathaway. </div> <div> <div>Florida governor Jeb Bush - a pro-market conservative - is even more blunt. Out-of-control compensation, he believes, is "a threat to capitalism." </div> <div>Says Bush: "Large rewards for great results can still be attacked, but they're very defensible. But if the rewards for CEOs and their teams become extraordinarily high with no link to performance - and shareholders are left holding the bag - then it undermines people's confidence in capitalism
itself." </div> <div>"In the time of the French Revolution," wrote conservative Bill O'Reilly of Fox News about the golden goodbye <a href="http://money.cnn.com/quote/quote.html?symb=XOM"><font color="#003399">Exxon</font></a> ( <a href="http://money.cnn.com/quote/chart/chart.html?symb=XOM"><font color="#003399">Charts</font></a>) handed its outgoing leader, "Lee Raymond and his $400 million pension would be running one step ahead of the guillotine." (Actually, Bill, only $98 million of that princely sum was the pension, but we take your point.) </div> <div>-------</div> <div>Ted Moffett</div></div> <div> </div> <div> </div> </blockquote><br><p>
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