creating huge amounts of wealth is good

[Jim in CT]

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

[Pete F.]

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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[Pete F.]

Originally Posted by Jim in CT

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

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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[scottw]

Originally Posted by Pete F.

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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I guess we know the next target of the leftists...

[Jim in CT]

Originally Posted by scottw

I guess we know the next target of the leftists...

saw that coming a mile away...

[wdmso]

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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[Pete F.]

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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[Jim in CT]

Originally Posted by Pete F.

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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[Pete F.]

Originally Posted by Jim in CT

how do you know what’s taught there and what’s not?
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I know, they were just kidding

https://www.al.com/news/2022/02/jewi...complaint.html
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[Jim in CT]

Originally Posted by Pete F.

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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[Pete F.]

Originally Posted by Jim in CT

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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[scottw]

Originally Posted by Jim in CT

as always, you didn’t answer the question.
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I'm afraid to click pete links....he spends a lot of time in whacko territory

[PaulS]

What charities did he give the money to?

[Jim in CT]

Originally Posted by PaulS

What charities did he give the money to?

beats me, wasn’t listed in the article. I was curious too. .
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[PaulS]

Originally Posted by Jim in CT

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 .

[Jim in CT]

Originally Posted by PaulS

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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[scottw]

Originally Posted by PaulS

Not so good if he set up a museum on his property that is open to the public one day a year .

did someone do this?

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

[wdmso]

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 ...

[scottw]

Originally Posted by wdmso

Tim Cook made much, much, much more than the average Apple worker in 2021. ...

.

hmmmm....I wonder why?

[Jim in CT]

Originally Posted by wdmso

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 ...

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.

[The Dad Fisherman]

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
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[Jim in CT]

Originally Posted by The Dad Fisherman

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
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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.

[wdmso]

Originally Posted by The Dad Fisherman

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
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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

[The Dad Fisherman]

Originally Posted by wdmso

Simple solutions for simple minds

Says the man that can’t do simple math
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[Jim in CT]

Originally Posted by wdmso

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

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.

[Jim in CT]

Originally Posted by wdmso

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

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.

[Jim in CT]

Originally Posted by wdmso

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

"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.

[wdmso]

Originally Posted by Jim in CT

"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".

.

Yes Jim That 1000 dollars pays once a 30 cent raise pays over time

why is that a hard concept for you to understand

[Jim in CT]

Originally Posted by wdmso

Yes Jim That 1000 dollars pays once a 30 cent raise pays over time

why is that a hard concept for you to understand

I understand the math, I explained it to you. What I don't understand, is that you're saying $1,000 to these employees is significant. But when Trumps tax cuts incentivized many companies to give employees $1,000 bonuses, NO ONE on the left said "boy that's great". They said it was "crumbs"

Here's what YOU don't understand. It's much better for the Apple employees to have an amazingly capable CEO, than it is for them to have an average CEO and $640 a year. If an average employee making $70k a year is putting money into their 401(k) and buying apple stock with it, their stock appreciates by the same exact percentage as each share of Tim Cooks stock.

Nobody has to work at Apple. People with tech skills are in huge demand. They can go elsewhere. But they don't, huge numbers of people want to work there.

It's the single largest company on the planet in terms of market cap, the company is valued at almost $3 trillion. Cook is doing an amazing, amazing job there. Every possible indication is that hes worth what they're paying him.

His compensation is nothing to that companys balance sheet, absolutely nothing.

[Pete F.]

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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