What few people appreciate is the extent to which the tax code and related laws are written by lobbyists working for the rich. Books have been written about all the corporation specific loopholes that were written into the tax code under the Reagan administration.
Executive pay has nothing to do with their actual performance. Golden para…
What few people appreciate is the extent to which the tax code and related laws are written by lobbyists working for the rich. Books have been written about all the corporation specific loopholes that were written into the tax code under the Reagan administration.
Executive pay has nothing to do with their actual performance. Golden parachuts are written into their contracts before the assume their duties. Someone like Carley Fiorina can reduce the value of a company like Hewlett Packard by 75% and still exit with a $27 million dollar payout.
Very few CEO's add any value to the companies they head. For every Steve Jobs or Larry Ellison there is a Steve Balmer or a Lou Gerstner or a Tim Cook. Their compensation is not tied to the performance of the company but rather the stock price so profits are used not for rewarding the people who actually do the work or for new research and development but instead to buy back stock and artificially increase its price and generate false profits for shareholders and nice bonuses for executives.
What few people appreciate is the extent to which the tax code and related laws are written by lobbyists working for the rich. Books have been written about all the corporation specific loopholes that were written into the tax code under the Reagan administration.
Executive pay has nothing to do with their actual performance. Golden parachuts are written into their contracts before the assume their duties. Someone like Carley Fiorina can reduce the value of a company like Hewlett Packard by 75% and still exit with a $27 million dollar payout.
Very few CEO's add any value to the companies they head. For every Steve Jobs or Larry Ellison there is a Steve Balmer or a Lou Gerstner or a Tim Cook. Their compensation is not tied to the performance of the company but rather the stock price so profits are used not for rewarding the people who actually do the work or for new research and development but instead to buy back stock and artificially increase its price and generate false profits for shareholders and nice bonuses for executives.