17 reasons America needs a recession

[jds6958]

http://www.marketwatch.com/news/story/seventeen-reasons-america-actually-needs/story.aspx?guid=%7B08D803FF%2D60CE%2D4868%2DBDB8%2 DD0CFFE9851B0%7D

"17 reasons America needs a recession
Think positive, this 'slow motion train wreck' is good for the U.S."

[Hootmon]

Interesting article

[HisAlways]

One reason......time to learn how to sacrifice. Something this younger generation doesn't understand.

[jds6958]

One reason......time to learn how to sacrifice. Something this younger generation doesn't understand. yes, I know, I live in that generation and it is going to be interesting for many...

[BondServant]

(never mind)

[Bernardd]

That's pretty good, though I don't like the mantra about CEO's making too much money.

[Whiplash]

That's pretty good, though I don't like the mantra about CEO's making too much money.

It doesn't take a socialist to see that when a company can be wrecked by incompetence, jobs can be lost, pensions can be dissolved, and investors get nothing in return.......Buuuuut, somehow, CEOs get every penny owed to them, there is something wrong with "the system".

[Bernardd]

Well, let's just say I am not qualified to determine how much money a man like Steve Ballmer (CEO Microsoft) should make. I realize he probably makes more per year than most people make in a lifetime, but he also operates a business (a financial empire) that employees perhaps millions of people world-wide. Furthermore, I use his products on a daily basis and would be in dire straits if he suddenly failed to do his job.

Then there's Michael Dell, Steve Jobs (Pixar), Orin Smith (Starbucks), Stephen Cooper (Krispy Kreme) and the list goes on and on and on.

Again, I don't know how much these people "should" make so I'll leave that up to you.

However, the companies that they operate employee a lot of people and provide a pretty decent product.

[Whiplash]

Well, let's just say I am not qualified to determine how much money a man like Steve Ballmer (CEO Microsoft) should make. I realize he probably makes more per year than most people make in a lifetime, but he also operates a business (a financial empire) that employees perhaps millions of people world-wide. Furthermore, I use his products on a daily basis and would be in dire straits if he suddenly failed to do his job.

Then there's Michael Dell, Steve Jobs (Pixar), Orin Smith (Starbucks), Stephen Cooper (Krispy Kreme) and the list goes on and on and on.

Again, I don't know how much these people "should" make so I'll leave that up to you.

However, the companies that they operate employee a lot of people and provide a pretty decent product.

You're citing successful companies where everyone is reaping a benefit. I'm all for it if it works out well.

I was commenting on examples of failed companies where a failed CEO gets all he/she was promised first, then whatever is left-over, if anything, goes to stock holders and employees.

We tend to favor CEOs, right now. Classically, it is a risk=reward situation. With a guaranteed compensation package, where is the risk?

[mustang]

There is no risk for CEO's hence the "Golden Parachute". Many CEO's in Europe run bigger companies and are paid less than American counterparts. I won't argue that the CEO should not be paid more for running a company then others because they should. One thing I noticed at the company I used to work at is that the board of directors was made up of CEO's from other companies so of course they want the CEO pay high because then they in turn will get high pay. In one day I watched our stock price go from 72 to 21. The CEO later quit amid some allegations but of course walked away with millions.