'Obscene and excessive' : Lou Dobbs on CEO Compensation vs. Minimum Wage
In the first two hours of their workday most CEOs will have made more than the average worker on minimum wage. CEOs like Ray Nordelli of Home Depot, get fired by their stockholders but with secret compensation packages only known to their cronies at executive boards all across the United States, incompetence is rewarded in the hundreds of millions. In Nordelli's case, lower stock prices and spiralling costs was compensated to the tune of $200,000,000+.
Meanwhile, the Securities Exchange Commission, which has the authority to inquire and deny such payouts if it hurts stockholders, does nothing.
I honestly don't understand why so many bloggers hate Lou Dobbs. When it comes to economics, he is right on the money --with all pun intended.
Check out the clip after the jump:
Bookmark/Search this post with:
| 
| 
| 
| 
| 
CEO Compensation Packages | Class Warfare | Golden Parachutes | AFL-CIO | Americans United | Barney Frank | Home Depot | Lou Dobbs | Ray Nordelli
it's the immigration
Submitted by sly civilian (not verified) on 30 January 2007 - 1:26pm.
honestly, i can't listen to him anymore after he has spent so much time stoking the fires of anti-immigrant sentiment. his visible interests seem entirely aligned with white middle class families...and that's just too narrow an interest for good policy.
Dobbs
Lou Dobbs has some pretty abhorant positions, but he is more reasonable and intelligent than the average right wing pundit...and far more consistent in his beliefs. I the cases of O'Reilly, Coulter and Novak, I think they are just overpaid windbags who probably should be in the unemployment line. Dobbs represents a view I disagree with but can see the reasoning behind it. Or, more to the point, it HAS a reasoning behind it rather than being nothing but lies, insults and BS like most right wing windbags.