10 CEOs Who Got Rich By Squeezing Workers

[xUT]

So have you joined the Ron Paul Revolution? sounds like you should.

I'm leaning... B)

 

[777 fixer]

I don't play cards. I deal in facts.

Fact - Hoffa was tried and convicted on the pension plan misappropriation, Union members lost 1.7 million

Fact - Enron bilked thousands of investors and employees of Hundreds of Millions of Dollars

Fact - The number of CEO's getting the perp walk far out numbers the union shenanigans that go on especially in dollar terms. A criminal is a criminal, is a criminal. Just because they are Union Leaders doesn't make them bigger or smaller criminals. Same for Corporate America.

Union IMO do make themselves easy targets of ridicule far to often, for myriad reasons. In some way they are there own worst enemy.

We are where we are because of Globalist/Corporatist's, not from the activities of less than 12% of the workforce. Eisenhower was right.

It's funny how some people scream class warfare or tries to deflect away from the issues of CEO's turning people's live upside down and getting huge salaries for doing it by talking about union leaders. I wonder if the irony is lost on them that the same thing could happen to them or a family member. One day the CEO of their company could decide that he wants to make the company look better to Wall Street and eliminate that person’s job or cut their pay/benefits. Then get rewarded with a nice fat bonus for doing something that is much easier then coming up with original ideas to make the company successful.

Here's the simple fact about unions. If every company treated its people fairly and with respect there would be no unions. A company with a union on property usually did something to deserve it.

 

[SparrowHawk]

It's funny how some people scream class warfare or tries to deflect away from the issues of CEO's turning people's live upside down and getting huge salaries for doing it by talking about union leaders. I wonder if the irony is lost on them that the same thing could happen to them or a family member. One day the CEO of their company could decide that he wants to make the company look better to Wall Street and eliminate that person’s job or cut their pay/benefits. Then get rewarded with a nice fat bonus for doing something that is much easier then coming up with original ideas to make the company successful.

Here's the simple fact about unions. If every company treated its people fairly and with respect there would be no unions. A company with a union on property usually did something to deserve it.

You're correct but sadly it goes way way beyond the scope of your post. Unions rage against outsourcing, yet I've NEVER heard a union leader mention OPIC, The Overseas Private Investment Corporation. This is one of the vehicles that makes it easier for your job to be outsourced/offshored. Who created this agency? The government at the urging of private corporations.

Just suppose that you and I start a shoe company from Beaverton OR and we make mostly athletic shoes. We grow and employ some 3000 people making our products. Our slogan "Just Do It" becomes an international catch phrase. Since we are successful we find we need to expand production. Our accountants tell us "It's very expensive to make shoes here". So being good businessmen we look for a cheaper source of labor. We find Indonesia a more than willing partner. Wages there are $.22/Hr to make sneakers with a $180.00 retail price tag. No Brainer right? Well Indonesia is not all that stable and we could lose our investment. Not to worry the Government has an Insurance program through some alphabet agency called OPIC. We contact them and find out we can buy insurance from the Federal Government to completely indemnify us from virtually anything that could possibly happen in Indonesia. So you and I do the deal. Get the plans up and producing and promptly close the OR Factory putting 2500 people on the street through no fault of their own.

You and I sit on the Veranda smoking the finest Cubans money can buy while sipping a very good 18 year old single malt, all courtesy of the US Government and the 2500 worker we #### canned last week.

This is why Libertarians pretty much hate government as it rigs the deck.

 

[dapoes]

I don't play cards. I deal in facts.

Fact - Hoffa was tried and convicted on the pension plan misappropriation, Union members lost 1.7 million

Fact - Enron bilked thousands of investors and employees of Hundreds of Millions of Dollars

Fact - The number of CEO's getting the perp walk far out numbers the union shenanigans that go on especially in dollar terms. A criminal is a criminal, is a criminal. Just because they are Union Leaders doesn't make them bigger or smaller criminals. Same for Corporate America.

Union IMO do make themselves easy targets of ridicule far to often, for myriad reasons. In some way they are there own worst enemy.

We are where we are because of Globalist/Corporatist's, not from the activities of less than 12% of the workforce. Eisenhower was right.

So you are playing the moral equivalency card (as noted in red)! So of you are going to get ripped off, its better to get ripped off by Unions then CEO's eh? That's not a convincing argument for unions.

BTW Hoffa's sentence was commuted by Nixon. Was that the case for Enron? Nope!
And to be statistically correct, if you are comparing dollar amounts from two different time periods you will have factor up the amount Hoffa bilked to the same time period as Enron or vice versa. But I think you know that already.

Boy you sure know how to leave a girl disappointed! Did friday the 13th get the best of you and your itchy trigger finger?

 

[dapoes]

It's funny how some people scream class warfare or tries to deflect away from the issues of CEO's turning people's live upside down and getting huge salaries for doing it by talking about union leaders. I wonder if the irony is lost on them that the same thing could happen to them or a family member. One day the CEO of their company could decide that he wants to make the company look better to Wall Street and eliminate that person’s job or cut their pay/benefits. Then get rewarded with a nice fat bonus for doing something that is much easier then coming up with original ideas to make the company successful.

No deflection necessary. Remember that old saying: He who lives in a glass house shouldn't throw stones

Here's the simple fact about unions. If every company treated its people fairly and with respect there would be no unions. A company with a union on property usually did something to deserve it.

Being treated fairly is a subjective term used by unions and their communist-socialist-welfare mentality. There's no greater threat to the middle class then unions themselves. They only perpetuate class warfare and "you are less then" mentality. Keep the people enslaved in suppressed attitudes and beliefs and they will always think they need the union to speak for them.

The reason why union membership has declined for decades is because smart people realize unions for what they are. Irrelevant.

 

[SparrowHawk]

So you are playing the moral equivalency card (as noted in red)! So of you are going to get ripped off, its better to get ripped off by Unions then CEO's eh? That's not a convincing argument for unions.

BTW Hoffa's sentence was commuted by Nixon. Was that the case for Enron? Nope!
And to be statistically correct, if you are comparing dollar amounts from two different time periods you will have factor up the amount Hoffa bilked to the same time period as Enron or vice versa. But I think you know that already.

Boy you sure know how to leave a girl disappointed! Did friday the 13th get the best of you and your itchy trigger finger?

I call a spade a spade! Inflation adjusted or otherwise the criminality on a hard dollar basis by unions pales in comparison to any corporate fraud or wrong doing. I don't want anyone to get ripped off by anyone, Hoffa and all the World Com, Enron, Rigas boys ended up where they belong, IN PRISON.

I couldn't help notice you ignored my post on OPIC. Have some fun some day call your Congress Critter and ask them to explain to you what OPIC is and does. See if they even know it exists? Doesn't matter Liberal, Conservative. I've tried it several times and have yet to have an aide of the Critter themselves tell you what it is and yet we fund it year in, year out and it destroys our manufacturing base by encouraging companies to relocate overseas.

That you're mute on. WHY? no talking points from the RNC? DNC? to regurgitate?

 

[dapoes]

That you're mute on. WHY? no talking points from the RNC? DNC? to regurgitate?

What? :unsure:

 

[SparrowHawk]

What? :unsure:

OPIC as in Overseas Private Investment Corporation. From their web site.

Political risk insurance is available to U.S. investors, contractors, exporters and financial institutions involved in international transactions. Political risk insurance can cover currency inconvertibility, expropriation and political violence, and is available for investments in new ventures, expansions of existing enterprises, privatizations and acquisitions with positive developmental benefits.
The Need for Political Risk Insurance:

To cover possible damage or loss
Tangible assets such as trucks, manufacturing or drilling equipment
Value of investment
Earnings or return of the investment
To obtain or attract financing in the face of risk
To deter long-term losses through OPIC’s advocacy


Benefits of OPIC Insurance

Unparalleled experience and access to information resources
Unmatched claims handling reputation
Can cover up to $250 million per project for up to 20 years
Offers co-insurance and re-insurance with private market carriers to increase capacity for large projects
Flexible programs targeted to small businesses
Backed by the full faith and credit of the United States Government


Like I've said the average Joe/Jane who draws a paycheck has had about all of the "HELP" from government we can stand. All government involvement in our economy does is pick the winners and losers and I'd rather have that in my hands

 

[dapoes]

OPIC as in Overseas Private Investment Corporation. From their web site.

Political risk insurance is available to U.S. investors, contractors, exporters and financial institutions involved in international transactions. Political risk insurance can cover currency inconvertibility, expropriation and political violence, and is available for investments in new ventures, expansions of existing enterprises, privatizations and acquisitions with positive developmental benefits.
The Need for Political Risk Insurance:

To cover possible damage or loss
Tangible assets such as trucks, manufacturing or drilling equipment
Value of investment
Earnings or return of the investment
To obtain or attract financing in the face of risk
To deter long-term losses through OPIC’s advocacy


Benefits of OPIC Insurance

Unparalleled experience and access to information resources
Unmatched claims handling reputation
Can cover up to $250 million per project for up to 20 years
Offers co-insurance and re-insurance with private market carriers to increase capacity for large projects
Flexible programs targeted to small businesses
Backed by the full faith and credit of the United States Government


Like I've said the average Joe/Jane who draws a paycheck has had about all of the "HELP" from government we can stand. All government involvement in our economy does is pick the winners and losers and I'd rather have that in my hands

Yeah I get that, and understand that. Just wondering what you are trying to say here:

That you're mute on. WHY? no talking points from the RNC? DNC? to regurgitate?

Or are you just feeling feisty?

 

[delldude]

Thanks Bob,

And all I have to say is prove dapoes that union leaders make millions and steal dues.

I dont see them in a cell next to Madoff, the Rigas', leaders of Enron, WorldCom, Tyco and others.

That's because they suck off the Obama teat.

Notice that the greatest Black President since Bill Clinton likes one of your top ten, GE's chief executive, Jeffrey Immelt, as the head of a Council on Jobs and Competitiveness.
Obama must see something in Immelt that you and Mother Jones missed.

 

[xUT]

That's because they suck off the Obama teat.

Notice that the greatest Black President since Bill Clinton likes one of your top ten, GE's chief executive, Jeffrey Immelt, as the head of a Council on Jobs and Competitiveness.
Obama must see something in Immelt that you and Mother Jones missed.

Jeffrey Immelt, the jobs czar from hell

According to the Associated Press, Immelt's compensation package doubled to $15.2 million last year, while this year GE is seeking major concessions from the unions that represent its shrinking American workforce. That makes Immelt the wrong guy for the job of jobs czar.

Or as former Democratic Sen. Russ Feingold wrote, "Someone like Immelt, who has helped his company evade taxes on its huge profits - and is now looking to workers to take major pay cuts after his compensation was doubled - should not lead the administration's effort to create jobs."

There are some things you can't outsource. For example, CEOs, pet members of Congress and Washington lobbyists.

 

[777 fixer]

That's because they suck off the Obama teat.

Notice that the greatest Black President since Bill Clinton likes one of your top ten, GE's chief executive, Jeffrey Immelt, as the head of a Council on Jobs and Competitiveness.
Obama must see something in Immelt that you and Mother Jones missed.

I'm curious as to what your thoughts are regarding the OP of this thread. I'm sure that when you worked for US Airways you showed up on time, did your job to the best of your abilities, and did not help yourself to the minis in first class.

I'm also rather sure that you saw you retirement take a hit as a result of US Air's two BK's along with hits in the benefit department. The question I have is did the executives who had a hand in the troubles at US Air take the same hit you did and if not how do you feel about it?

 

[700UW]

Dave Siegel walked away with $6 million in his pensions, Lakefield took no paycuts when US filed the 2nd time. Executives were rewarded for raping the employees using the chapter 11 process.

 

[SparrowHawk]

Dave Siegel walked away with $6 million in his pensions, Lakefield took no paycuts when US filed the 2nd time. Executives were rewarded for raping the employees using the chapter 11 process.

You could argue that Lakefield earned every dollar of his pay

 

[700UW]

Lets see, every employee at the drop of a judge's gavel took a 19% paycut. Lakefield was making more than Kelliher at WN and Neeleman at B6, both those airlines were very profitable and US was in chapter 11 for the second time in two years, you lead by example, and he did not. He wasnt even involved in negotiations, Glass and McKeen led those.

And the man the deserves the money and the credit would be John Lutz at Seabury and Associates, he put the merger together and the money.