CEO SALARY SHOULD BE BASED ON 4 ELEMENTS
1. SIZE OF INDUSTRY
2. PERFORMANCE OF THE COMPANY COMPARED TO IT’S INDUSTRY OF THE PERIOD UNDER REVIEW
3. COMPARISON OF THE NUMBER OF AMERICAN JOBS- END OF PERIOD COMPARED TO BEGINNING OF PERIOD
4. TOTAL PAYROLL EXCLUSIVE OF EXECUTIVE TIER AT END OF PERIOD COMPARED TO BEGINNING OF PERIOD
IT HAS BEEN PROPOSED THAT A CHIEF EXECUTIVE OFFICERS SALARY COULD BE LIMITED BY THE GOVERNMENT WHEN THE COMPANY ACCEPTS BAIL OUT FUNDS FROM THE GOVERNMENT.
EVERY COMPANY BENEFITS FROM THE INFRASTRUCTURE (FINANCIAL, GEOGRAPHICAL, TRANSPORTATION, COMMUNICATION, LEGAL) FOR WHICH THERE IS NO SPECIFIC CHARGE.
PEOPLE THEREFORE HAVE A STAKE IN THE OPERATION OF ALL COMPANIES WHICH THEREFORE JUSTIFIES AN AMENDMENT TO FREE ENTERPRISE TO DEVELOP THE MOST GOOD FOR THE MOST PEOPLE.
THE DETERMINATION OF THE BASE SALARY REQUIRES CAREFUL DETERMINATION. THE DEFINITION OF THE INDUSTRIES TO WHICH THE COMPANY IS COMPARED, WOULD HAVE TO BE DETERMINED LIKEWISE THE EXECUTIVE TIER WOULD HAVE TO BE DEFINED.
THE COMBINED SALARIES OF THE EXECUTIVE TIER WOULD BE TOTALED AND CONSIDERED THE SALARY OF THE CEO.
Friday, February 6, 2009
Tuesday, October 21, 2008
Whom is Kidding Who?
Whom is kidding who?
{If logic in economics no longer applies perhaps it also does not apply to grammar.}
For experts to imply that a curb on predatory lending and closer oversight on regulation of regulation-exempt devices would prevent future credit crunches is beyond naiveté--it suggest the wolves are in charge of the hen house.
The cause of the collapse of capitalism was the infinitely leveraged speculation on housing and crude oil. When the wolves bet right they became billionaires. When they bet wrong they left their institutions in unsustainable debt and open to bankrupsy or carrion asset to be picked over at vulture’s prices.
Regulation--exempt instruments such as
hedge funds, Derivatives, and CFS’s (credit failure swaps) provide infinite leverage under the cloak of incomprehensible complexity.
The 2nd Court of Appeals in June 2006 confirmed that since hedge funds were open only to the super rich and such institutions the general public was excluded and had no interest to be protected.
Only capitalism itself is at stake.
Infinite leverage with two day settlement results-in wild price–swings and tulip like bubbles. The only obligations of sufficient size to threaten a major financial institution with bankruptcy are leveraged lost bets.
CEO’s who cashed in personally while wrecking their companies are guilty of fiduciary malfeasance Restitution reclamation of their plunder is justified and required.
As Sen. Dawkin almost recommended in the hearing ban all unregulated leverage devices from American markets.
{If logic in economics no longer applies perhaps it also does not apply to grammar.}
For experts to imply that a curb on predatory lending and closer oversight on regulation of regulation-exempt devices would prevent future credit crunches is beyond naiveté--it suggest the wolves are in charge of the hen house.
The cause of the collapse of capitalism was the infinitely leveraged speculation on housing and crude oil. When the wolves bet right they became billionaires. When they bet wrong they left their institutions in unsustainable debt and open to bankrupsy or carrion asset to be picked over at vulture’s prices.
Regulation--exempt instruments such as
hedge funds, Derivatives, and CFS’s (credit failure swaps) provide infinite leverage under the cloak of incomprehensible complexity.
The 2nd Court of Appeals in June 2006 confirmed that since hedge funds were open only to the super rich and such institutions the general public was excluded and had no interest to be protected.
Only capitalism itself is at stake.
Infinite leverage with two day settlement results-in wild price–swings and tulip like bubbles. The only obligations of sufficient size to threaten a major financial institution with bankruptcy are leveraged lost bets.
CEO’s who cashed in personally while wrecking their companies are guilty of fiduciary malfeasance Restitution reclamation of their plunder is justified and required.
As Sen. Dawkin almost recommended in the hearing ban all unregulated leverage devices from American markets.
Monday, September 8, 2008
McCain's Goof
I see McCain as a doddering old fool.
I am 91, use a walker and had hopes for America.
I too am a old doddering fool. It takes one to know one.
To have put on the ticket an unvetted unknown as vice presidential candidate was a sign of senile Dementia.
The Wisdom Fund http://www.twf.org/ reveals the candidate, in creed, methods and attitudes.
I have coined a term for this brand of politics: Neo-Neanderthal.
I am 91, use a walker and had hopes for America.
I too am a old doddering fool. It takes one to know one.
To have put on the ticket an unvetted unknown as vice presidential candidate was a sign of senile Dementia.
The Wisdom Fund http://www.twf.org/ reveals the candidate, in creed, methods and attitudes.
I have coined a term for this brand of politics: Neo-Neanderthal.
Thursday, August 21, 2008
Proposal for solving the world's greatest problem
PROPOSAL FOR SOLVING THE WORLD’S GREATEST PROBLEM
The war in Iraq against a part of the populace is creating terrorists faster than it is killing them.
Evacuate now as fast as possible. There can be no peace until we are gone.
The Koran overrides self-interest.
Iraqis welcomed the fall of Saddam Hussein but not the forces that made it possible.
The Soviet Union and the US staved off nuclear war by mutual self-interest. The existence of Islam itself is the only Islamic self-interest.
Let it be known that the first Islamic nuclear attack anywhere will release a barrage of nuclear bombs on Mecca by the United States.
We will hold Mecca as hostage to nuclear peace.
The spread of weapons of mass destruction may be impossible to stop but their use can be prevented.
The war in Iraq against a part of the populace is creating terrorists faster than it is killing them.
Evacuate now as fast as possible. There can be no peace until we are gone.
The Koran overrides self-interest.
Iraqis welcomed the fall of Saddam Hussein but not the forces that made it possible.
The Soviet Union and the US staved off nuclear war by mutual self-interest. The existence of Islam itself is the only Islamic self-interest.
Let it be known that the first Islamic nuclear attack anywhere will release a barrage of nuclear bombs on Mecca by the United States.
We will hold Mecca as hostage to nuclear peace.
The spread of weapons of mass destruction may be impossible to stop but their use can be prevented.
Wednesday, August 6, 2008
God does not drive
God does not drive.
May Exxon Mobil bless America.
Share its profits at the gas pump.
May Exxon Mobil bless America.
Share its profits at the gas pump.
Wednesday, June 25, 2008
Eugenics
Eugenics
Studies of the Human brain show those portions used tend to replace those not used. Thus regions registering visual perceptions of a blind person will be smaller than those for touch; for hearing and for smell. Use it or lose it.
Eugenics and Mendel expect traits and capabilities to be passed from generation to generation. A mating of cat with six toes is likely to produce six- toed cats.
Slaves with a long history of little education do not become equal in science and mathematics on decree. Equal under the law and in the eyes of God, yes.
The inability of Islam in seven centuries to end a religious war of succession may be attributed to 700 years of a breeding stock 50% uneducated- the mothers. Brain mass affects brain function.
Muslims do not think as infidels think.
It’s in their genes.
Studies of the Human brain show those portions used tend to replace those not used. Thus regions registering visual perceptions of a blind person will be smaller than those for touch; for hearing and for smell. Use it or lose it.
Eugenics and Mendel expect traits and capabilities to be passed from generation to generation. A mating of cat with six toes is likely to produce six- toed cats.
Slaves with a long history of little education do not become equal in science and mathematics on decree. Equal under the law and in the eyes of God, yes.
The inability of Islam in seven centuries to end a religious war of succession may be attributed to 700 years of a breeding stock 50% uneducated- the mothers. Brain mass affects brain function.
Muslims do not think as infidels think.
It’s in their genes.
Counterfeit Koran
Counterfeit
The prophet Mohammad who could neither read nor write spouted such beautiful prose that it was recorded as the Koran. The contrast between the compassionate parts the Koran and “its death to infidels” urgings suggest the addition of the ideas of others to the text, a counterfeiting of the Holy Book. Only speakers of Arabic could determine if there is a difference in cadence and poetry of the additions, but in any case a purging of the Holy Book of its virulent passages is imperative if civilization is to survive.
Any opposing this purging however peaceful should be seen as sleeper cells.
The prophet Mohammad who could neither read nor write spouted such beautiful prose that it was recorded as the Koran. The contrast between the compassionate parts the Koran and “its death to infidels” urgings suggest the addition of the ideas of others to the text, a counterfeiting of the Holy Book. Only speakers of Arabic could determine if there is a difference in cadence and poetry of the additions, but in any case a purging of the Holy Book of its virulent passages is imperative if civilization is to survive.
Any opposing this purging however peaceful should be seen as sleeper cells.
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