creating huge amounts of wealth is good
 

Would those charities be better off if Musk never existed?

He didn’t steal anything. He created something. He’s just a visionary with the ability to act on his visions.

I don’t think his wealth is “fair”. But i know that his wealth is “good” for all of us collectively. We’re better off because his wealth exists.

https://www.foxbusiness.com/economy/...-tesla-charity

As you read today's inflation report, pay close attention to what the CEOs who set prices are saying. We got our hands on the latest batch of earnings reports, and it's a doozy. They're literally bragging about hiking prices while hiding behind "inflation." The receipts….
CEOs often speak more candidly on earnings calls (held when a new report comes out), in an effort to impress investors, by bragging about their ruthless profit-rigging schemes. It apparently doesn't occur to them that the public might find out about them! For instance..
The company 3M, which produces N95 masks (and other things) crowed on its earnings call that “the team has done a marvelous job in driving price. Price has gone up from 0.1% to 1.4% to 2.6%." The CFO told investors, "We see that to be a tailwind."
Tyson, one of the big 4 meat monopolies Biden is targeting for price-fixing saw profits nearly DOUBLE after price hikes of 32% on beef and 20% on chicken which the CEO attributed to the "continued resilience of our multi-protein portfolio."
In its 4th quarter report, Johnson & Johnson revealed it raised prices…despite raking in billions from COVID vaccine sales. Its CEO told investors that the need for medical care & to “address suffering and death” is part of J&J's “optimism” & “opportunity” for its future.
Kimberly Clark is a mega-corporation manufacturing everything from paper towels to diapers. On its recent earnings call, CEO Mike Hsu crowed to investors about “multiple rounds” of “significant pricing actions” & admitted he plans to continue doing it throughout the year.
If you want to understand the role of corporate greed in price hikes & inflation in America today, you don't have to take the word of watchdogs or critics of corporations. CEO's are admitting it themselves in plain daylight.

And they're betting they can get away with it.
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California is suing Elon Musk's Tesla, alleging it runs a "racially segregated" workplace and discriminates against Black employees.

Black workers report being concentrated in parts of its factory (one called "the plantation" by other workers) and hearing slurs up to 100x daily.
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America aren’t against people who make money they are against those who are making the money on the backs of poorly paid works with les and less benefits while the roll in huge profits crazy CEO pay and being all about the share holders , at employees expense.


Over the past 40 years, those at the top of the money food chain have seen their wealth grow at a rate far outpacing everyone else, according to a new analysis released by the Economic Policy Institute, a liberal research group.
In the early 1960s, the top 1 percent of households in terms of net worth held 125 times the median wealth in the United States. Today, that gap has grown to 190 times.




The top 20 percent of wealth-holding households, meanwhile, held 15 times the overall median wealth in the early 1960s. By 2004, that gap had grown to 23 times.
"In 21st century America, wealth begets wealth, and those without wealth find it farther out of reach," the report's authors write.
The
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I guess we know the next target of the leftists...

saw that coming a mile away...

Just like Mountain Brook High School where they won’t teach Critical Race Theory but think the juries still out on Master Race Theory
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how do you know what’s taught there and what’s not?
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What charities did he give the money to?

beats me, wasn’t listed in the article. I was curious too. .
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It's good if he gave to American Red Cross, etc. Not so good if he set up a museum on his property that is open to the public one day a year .

exactly.
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did someone do this?

Elon Musk doesn't care where you send your charitable donations...you shouldn't care where he sends his...

I know, they were just kidding

https://www.al.com/news/2022/02/jewi...complaint.html
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as always, you didn’t answer the question.
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I did, you just can’t read
Just normal flyover behavior

More antisemitic controversy at @mtnbrookhs as an 11th grade history teacher instructs students to perform Nazi salutes as they stand facing the American flag.

A few of the students refused to participate; the school's Principal and Vice Principal are aware.
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I'm afraid to click pete links....he spends a lot of time in whacko territory :rolleyes:

He just denied that Bidens primary campaign in 200 was struggling after the early states

He’s old, but not that old.
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he seems like a mummy.....

Tim Cook made much, much, much more than the average Apple worker in 2021. ... The median pay for Apple employees was $68,254 in 2021, according to Apple's annual proxy statement released Thursday. Cook received $3 million in annual base salary.Jan 10, 2022

Tim Cook earned 1,447 times what a typical Apple employee ...

Investors are being urged to vote against a $99m (£73m) pay package awarded to Apple boss Tim Cook last year. up from $14.8m the year before.



like I said this is what americans are against ...

hmmmm....I wonder why?

If you took Tim Cook's $99M pay package and instead gave it to the Apple Employees (154,000) it works out to be $.30 an hour......whatever will they do with that windfall :rolleyes:
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I agree it's not "fair". It's very unfair that there are billionaires, and babies starving to death. But that doesn't mean it's "bad" that Cook has that money. He'll pay some taxes, he'll spend some, he'll give some to charity, and he'll invest some. ALL of that is good for all of us. No one would be better off if he burned that money.

Let's say his annual compensation is $99M as you mentioned.

According to Wikipedia, Apple has 154,000 employees.

So if Cook worked for free and donated every cent of his $99M to the employees, each would get $642.

Big whoop.

I have worked for large corporations (Aetna, The Hartford, Citigroup). I'd HAPPILY fork over $54 a month to have a world-class CEO.

Liberals looovve to beat this drum. It's pointless. I mean, it's good to encourage those folks to help others, but false to imply Cooks salary is a big reason why Apples employees don't make more. It's an extravagant salary of course, but it's a rounding error on Apples balance sheet.

https://en.wikipedia.org/wiki/Apple_Inc.

Just did the same exact math. It destroys the argument that CEO pay leaves crumbs for the average employees. It's just not true, not at massive companies like Apple.

If you only look at the top executive that math seems to work
But if you compare upper management (not just one guy) to the others you’ll get a far different number
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Can you put a statistical number on talent, ability, motivation, competitiveness, initiative, knowledge? If getting an upper management that is superior in the qualities necessary to successfully compete and innovate requires top dollar salaries, would scaling down those salaries in order to create an illusion of fairness be the best thing for those below "upper management"?

Take the top guy and the next level down. It's still a rounding error on the balance sheet of a huge company.

Pete, everything loos stupid when you consider the cost and completely ignore the value.

If you work for a very large company, is it worth something to you, to have a world-class CEO? Isn't that a good thing for you?

No one has to work at Apple or buy an Apple product, plenty of choices.

It's all just B.S. woke virtue-signaling.

so when companies were struggling at the start of the pandemic, we gave them a $3 trillion bailout

now that they're enjoying record profits (by raising prices), we don't get a dime of it

there's always socialism for corporations, but never for the people paying the bill

CEO pay in past year: up 16% to $14.2 million
CFO pay in past year: up 16% to $4.9 million
Worker pay: down when adjusted for inflation

Funny how the people in charge of the money ensure their raises are comfortably above the inflation they helped create
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"there's always socialism for corporations, but never for the people paying the bill"

"the people" didn't get multiple stimulus checks? Including many many people who didn't miss a paycheck due to covid?

"Funny how the people in charge of the money ensure their raises are comfortably above the inflation they helped create"

Didn't you show recently, that those people are mostly democrats?

Simple solutions for simple minds

I know it crumbs... 2.4 dollars a day is 16.8 a week equal 837.00 a year


I am betting they could have still given everyone a 30 cent raise and still Pay Cook But they didn't

I bet you would welcome a 30 cent an hour raise .. I know most Americans would :btu:

Says the man that can’t do simple math :rolleyes:
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For the last month I've been clicking on every headline with the word "inflation" in it and scrolling through to see how many mention record corporate profits.

Or the trillions that the fed printed and gave to the banks to dump into the stock market.

Just about none of them do.

Seems like a piece of information that would be relevant, but what do I know
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average salary is almost $70k a year. It ain't a plantation.

If you want what Tim Cook has, do what he did. Or just stop being so unbelievably jealous.

If you ever worked in a private sector job in a very competitive industry, you'd want a top notch CEO.

Probably because you're in a public union (right?), and you take your money from customers whether they like it or not, you just might understand how the private sector works. There's competition. You have to make customers WANT to give you their money, and there are plenty of choices for the customer.

So its much better for every single Apple employee, if they have a talented CEO, than if they had an average CEO. If he wasn't adding that value, the board would find someone else.

It's an extraordinarily well-run company. Best of the best. You can bet that many of the employees also own stock, and the ones who buy stock in their 401k and stay there for years, have made out awesome.

"Simple solutions for simple minds "

It is simple. It's simple to show that his compensation isn't a big deal.

"I know it crumbs"

Funny you use that word, that's exactly how Nancy Pelosi described all the bonuses that companies were giving when Trump cut corporate tax cuts. She mocked the bonuses (usually $1,000 bonuses), calling it "crumbs".

You're focused on what it costs to have Tim Cook, without uttering one syllable about his value. Because (1) that doesn't serve your agenda, and (2) you probably don't understand it. There aren't 25 people in the world who can run Apple well.

From 1978 to 2020, CEO pay based on realized compensation grew by 1,322%, far outstripping S&P stock market growth (817%) and top 0.1% earnings growth (which was 341% between 1978 and 2019, the latest data available). In contrast, compensation of the typical worker grew by just 18.0% from 1978 to 2020.
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if you really want what the ceos have, do what they did and you’ll
have it. whiny and jealous.
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