Swiss Referendum Backs Executive Pay Curbs, finally a country tries the right path.

[Vyxn]

You have already been shown to not understand US Politics, how Corporations work, or the Futures Market, all in the past 24 hours. Are you sure you want to step into this thread claiming that I'm subject to any kind of 'myth and stereotype' regarding how millionaires made their money? Especially since you are arguing against a strawman that you constructed?

you didn't prove me wrong on anything. you are the one with the problem of grasping the simple understanding of words like responsible and responsibility, you continue to play into the the "if you cant debate the post you personally attack the one one who made the post"

now if you want to continue to claim that millionaires are millionaires because they was born into money go right ahead but you would have to prove those facts i presented are wrong but you cant do that. so you result to personal attacks

And im really getting fed up with the personal attacks from you and your crew your bully tactics are making it very unpleasant for anyone who has an opposing views then your own. and i wish the moderators will start doing their job that i have continued to ask them to do

[obdigore]

you didn't prove me wrong on anything. you are the one with the problem of grasping the simple understanding of words like reasonable and responsibility, you continue to play into the the "if you cant debate the post you personally attack the one one who made the post"

now if you want to continue to claim that millionaires are millionaires because they was born into money go right ahead but you would have to prove those facts i presented are wrong but you cant do that. so you result to personal attacks

And im really getting fed up with the personal attacks from you and your crew your bully tactics are making it very unpleasant for anyone who has an opposing views then your own. and i wish the moderators will start doing their job that i have continued to ask them to do

I have yet to attack you personally. I also note that you strawman a 5 page thread and start arguing against what you want us to have been saying instead of what was actually being discussed. The moderators are doing their job. Responding to random complaints about being attacked when that isn't what is happening is good moderaton.

[Deleted]

ITT: 'muricans arguing that free market is better, because it rewards people who knows their shit and once they are successful they don't have to care about the little man.

Eurofags arguing that USA is bad because it doesn't give a shit about the little men, and doesn't want to do anything about this mentality.


We'll never get along on this one, because we disagree on a basic level of how "to be human"
We have had this argument in various forms so very many times, be it on gun control, social policy, military actions and market control.


I think the worst part is that both sides think they are 100% right, without realizing that the other side might have something they could learn. This goes for both sides that blindly follow their own ideals.

The fact of the matter is; Europeans will never be able to understand the seemingly callus disregard for general human well being and egotistical nature of the American. The American will never understand Europeans trust in government and other people.

Infracted.

[Deleted]

Its not always a good idea for the majority to vote on something that involves some one else rights or privileges because the majority will more then likely vote for their own self interest with out considering some one else rights

Republic vs. Democracy

"Democracies always self-destruct when the non-productive majority realizes that it can vote itself handouts from the productive minority by electing the candidate promising the most benefits from the public treasury. To maintain their power, these candidates must adopt an ever-increasing tax and spend policy to satisfy the ever-increasing desires of the majority. As taxes increase, incentive to produce decreases, causing many of the once productive to drop out and join the non-productive. When there are no longer enough producers to fund the legitimate functions of government and the socialist programs, the democracy will collapse, always to be followed by a Dictatorship."

http://www.c4cg.org/republic.htm

And somehow, that has rarely happened. In fact, for most failed democracies that were followed by a dictatorship, the military coup preceded the collapse of the economy. The only case where the chain of events happened as you quoted is Chile. And just barely: the coup had been in preparation since the Allende's victory, so the dictatorship would have happened independently of the economic collapse. Also, remember that before Allende, Chile's economy had been prette strong, so there wasn't a series of different candidates that had been ever increasing taxes to mollify voters.

[Orbitus]

What screwed up country is that? At least in USA all the rich people earned it.

Really? Are you high? The Walton children earned it after Bill Walton died? You know the kids that own WAL-MART? A multi-BILLION dollar company? Yet they pay their employees pennies? They earned it? Can I have what you are smoking?

[shimerra]

Well, let me ask you something, what are the risk for a CEO? He is not necessarily a shareholder so in a bad turn what is he about to loose? His job, yeah, but with his salary, which should reflect to the responsibility he has, even after being fired he can do quite well for some time. (So up till today in Switzerland this guys even got some golden parachute, this is now illegal and can be punished with up to 3yrs jail.)

Name me a CEO of a fortune 500 company that doesn't or hasn't owned stock at some point in their employment as CEO. As a matter of fact stock options are a huge way that CEOs are able to take greater compensation with a lower tax burden. The golden parachute is there but I mean really.

[Abysal]

The fact of the matter is; Europeans will never be able to understand the seemingly callus disregard for general human well being and egotistical nature of the American. The American will never understand Europeans trust in government and other people.

Resorting to a law to force people to change their ways is a sign that one lacks trust in other people, not that one has trust in other people.

[Zhangfei]

Resorting to a law to force people to change their ways is a sign that one lacks trust in other people, not that one has trust in other people.

I very much see it the other way around. Laws are often used for the public good. Ensuring proper behaviour through law has been built in since the dawn of time.

[Dezerte]

Good news, hopefully other countries will follow.

Just like it's against the law to pay workers below minimum wage, this change will also create greater equality.

[Ianus]

Resorting to a law to force people to change their ways is a sign that one lacks trust in other people, not that one has trust in other people.

i just was wandering in which country you are living? When you have so much trust in other ppl when its about money

[Elegiac]

Resorting to a law to force people to change their ways is a sign that one lacks trust in other people, not that one has trust in other people.

The very definition of law. You give up your absolute freedom in exchange for security.

[The Riddler]

The law of unintended consequences will be that Switzerland's corporations will be manned entirely by managers of low to no talent. The resulting effect will be that Swiss companies will be put on a road of mediocre to low performance, lowering profits and (as a result) lowering hiring and pay for workers. When you strangle the head, the entire body suffers. That is the 'macro' effect that this 'micromanagement' law will result in.

Anyone who thinks this is going to result in 'more fairness' is a certifiable idiot. Whatever money happens to be conserved by such a rule is not going to go to employees, or shareholders. Do I think CEOs and executives are overpaid? Of course they are. I'd love to see an "equal pay" rule that took the CEO's bonus and spread it out among all the employees. But how happy would I be next month when every executive in the company took off for a company without such a stupid rule - and the company founders and gets because the new executives don't give a crap? How happy will I be when I'm left jobless and crying in my cup over the stupid chunk of change I got in an effort to make myself feel good by screwing the executives out of their pay?

Infracted: Please refrain from calling people who disagree with you names.

[Deleted]

The law of unintended consequences will be that Switzerland's corporations will be manned entirely by managers of low to no talent. The resulting effect will be that Swiss companies will be put on a road of mediocre to low performance, lowering profits and (as a result) lowering hiring and pay for workers. When you strangle the head, the entire body suffers. That is the 'macro' effect that this 'micromanagement' law will result in.

Anyone who thinks this is going to result in 'more fairness' is a certifiable idiot. Whatever money happens to be conserved by such a rule is not going to go to employees, or shareholders. Do I think CEOs and executives are overpaid? Of course they are. I'd love to see an "equal pay" rule that took the CEO's bonus and spread it out among all the employees. But how happy would I be next month when every executive in the company took off for a company without such a stupid rule - and the company founders and gets because the new executives don't give a crap? How happy will I be when I'm left jobless and crying in my cup over the stupid chunk of change I got in an effort to make myself feel good by screwing the executives out of their pay?

You have the delusion that CEO's are irreplaceable. They are not screwing anybody, if the CEO makes the OWNERS happy , then the OWNERS will make the CEO happy.

[Dezerte]

The law of unintended consequences will be that Switzerland's corporations will be manned entirely by managers of low to no talent. The resulting effect will be that Swiss companies will be put on a road of mediocre to low performance, lowering profits and (as a result) lowering hiring and pay for workers. When you strangle the head, the entire body suffers. That is the 'macro' effect that this 'micromanagement' law will result in.

Anyone who thinks this is going to result in 'more fairness' is a certifiable idiot. Whatever money happens to be conserved by such a rule is not going to go to employees, or shareholders. Do I think CEOs and executives are overpaid? Of course they are. I'd love to see an "equal pay" rule that took the CEO's bonus and spread it out among all the employees. But how happy would I be next month when every executive in the company took off for a company without such a stupid rule - and the company founders and gets because the new executives don't give a crap? How happy will I be when I'm left jobless and crying in my cup over the stupid chunk of change I got in an effort to make myself feel good by screwing the executives out of their pay?

CEO's are replaceable, and it's possible to have a CEO that is both competent & altruistic. That kind of CEO strives to make the world better for everyone, while the former works for himself.

[yurano]

Well, let me ask you something, what are the risk for a CEO? He is not necessarily a shareholder so in a bad turn what is he about to loose?

Do you really risk anything when you head off to work everyday?

The difference between you and a CEO is that the board (which consists of representatives shareholders) considers the CEO's work to be valuable enough to pay the CEO big bucks.

The main problem, as I've stated before, is when the CEO is clearly doing a bad job yet the board buys into the CEO's BS (saying the company's fine when its not). The consequences of a bad CEO are shouldered by the shareholders as it should be. The problem here is that the crash of a big company ripples out and affects everyone, even those not affiliated with the company.