Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 decade ago

Was and is this the America you and your ancestors fought/fight for ?

August 30, 2005: 12:24 PM EDT

By Jeanne Sahadi, CNN/Money senior writer

NEW YORK (CNN/Money) – If sky-high executive pay at publicly traded companies gives you vertigo, you might want to read this sitting down.

In 2004, the ratio of average CEO pay to the average pay of a production (i.e., non-management) worker was 431-to-1, up from 301-to-1 in 2003, according to "Executive Excess," an annual report released Tuesday by the liberal research groups United for a Fair Economy and the Institute for Policy Studies.

That's not the highest ever. In 2001, the ratio of CEO-to-worker pay hit a peak of 525-to-1.

Still, it's quite a leap year over year, and it ranks on the high end historically. In 1990, for instance, CEOs made about 107 times more than the average worker, while in 1982, the average CEO made only 42 times more.

The cumulative pay of the top 10 highest paid CEOs in the past 15 years totaled $11.7 billion.

And though the specific individuals in each of those annual top 10 lists changed year to year, many bosses did pretty well throughout the entire period. Citigroup's Sandy Weill, for example, has made $1.1 billion since 1990.

"Pay" in this instance refers to total compensation – including salary, bonuses, restricted stock awards, payouts on long-term incentives and the value of options exercised during the year.

The report also compares the growth in average CEO pay – which was $11.8 million in 2004 – to the growth in the minimum wage. Had the minimum wage risen as fast as CEO compensation since 1990, the researchers calculated, it would now be $23.03 an hour instead of just $5.15. And the average production worker would be making $110,126 a year instead of $27,460

http://money.cnn.com/2005/08/26/news/economy/ceo_p...

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Most people will have read the recent reports of how Microsoft Chairman Bill Gates has had his personal net worth soar over 100 billion dollars and then drop down to 55 billion. He certainly knows how to make (and lose) money.

(Note: This article was written in 1998, Bill's Fortunes have dropped a touch since then.)

Consider that he made this money in the 25 years or so since Microsoft was founded in 1975. If you presume that he has worked 14 hours a day on every business day of the year since then, that means he's been making money at a staggering million dollars per hour, around $300 per second.

http://www.templetons.com/brad/billg.html

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About one-third of the adult homeless population have served their country in the Armed Services. Current population estimates suggest that about 154,000 veterans (male and female) are homeless on any given night and perhaps twice as many experience homelessness at some point during the course of a year. Many other veterans are considered near homeless or at risk because of their poverty, lack of support from family and friends, and dismal living conditions in cheap hotels or in overcrowded or substandard housing.

http://www1.va.gov/homeless/page.cfm?pg=1

1. What is The Carlyle Group?

The Carlyle Group is a global private equity firm with $91.5 billion of assets under management committed to 66 funds as of September 30, 2008. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $52.7 billion of equity in 866 transactions for a total purchase price of approximately $225 billion. The Carlyle Group employs more than 1000 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $109 billion in revenue and employ more than 415,000 people around the world.

http://www.carlyle.com/Company/item1678.html

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By Bob Willis

Jan. 15 (Bloomberg) -- First-time claims for U.S. unemployment benefits last week rose more than forecast, signaling companies stepped up the pace of firings at the start of the year.

Initial jobless claims jumped by 54,000 to 524,000 in the week that ended Jan. 10, from a revised 470,000 the prior week, the Labor Department said today in Washington. The total number of people collecting benefits decreased from a 26-year high.

http://www.bloomberg.com/apps/news?pid=20601103&si...

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The estimated population of the United States is 305,466,894

so each citizen's share of this debt is $34,768.32.

http://www.brillig.com/debt_clock/

It is believed President-elect Obama's inauguration will be the costliest in history — around $50 million — despite the recession. President Bush has declared a state of emergency to free up federal funds to help the district cop

9 Answers

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  • 1 decade ago
    Favorite Answer

    Wow. Just wow.

  • Emma
    Lv 6
    1 decade ago

    No.

    Anyone who ever believed that it would be was a fool. Try to realize how much times have changed since then. Time changes everything. New ideals and values become more evident, new people are chosen to lead, new problems present themselves and new hardships are always coming. If reality means anything, then America was never destined to be what my ancestors fought for it to be. That's just not how it works in the end.

  • Anonymous
    1 decade ago

    oh come on now............surely you can see the sence in ruining the economy by starting a war to chase a boogieman in the wrong country so the carlyle group and haliburton could make billions rebuilding iraq

    surely you can see the sence in bailing out poorly run companies so they can be bailed out again later

    Source(s): its a disgrace, wake up america and smell the coffee.............
  • Anna P
    Lv 7
    1 decade ago

    Did you realize that "the pursuit of happiness" refers to the ability to accumulate wealth and not much else? Yes, the CEO pay is ridiculous, and it's gotten worse in the last few decades.

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  • Anonymous
    1 decade ago

    No, not any more. To fight for America at least under Bush was to defend imperialism, racism and exploitation. Perhaps now with Obama we will have a new beginning, or at the worst a stop to Bush's pillaging and exploitation. Let's see.

  • Anonymous
    1 decade ago

    America was destroyed 30 years ago, you live in Amerika the offspring of Nazi Germany and the Prescott Bush vision of totalitarianism.

    Those who aren't outraged aren't paying attention.

  • 1 decade ago

    I wonder if they got money. Do you think they know it? If they do they should take it out their pockets, show it, maybe throw it. Like WOW! This a way, and then BLAOW! That a way

  • Anonymous
    1 decade ago

    No offense, but I'm going to wait for the movie about your question.

  • Anonymous
    1 decade ago

    Obviously not.. No country is what it was when our ancestors were alive.

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