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OT. pay packages

P

petetx

Member
I have read the posts below and some of the almost name calling when some one disagrees and said i would just read them and not say anything but this is from the sunday Houston Chronicle top 10 pay packages.

James Mulva chairman CEO &President Conoco Phillips $50,549,026
Eugene Isenberg chairman CEO &President Nabors Ind. $34,636,444
James Flores chairman CEO &President Plains Exploration & Production $26,093,584
Brenard Duroc Danner chairman CEO &President weatherford Int. $21,620,430
Charles Cazlot CEO &President Marathon Oil Corp.$19,470,725
Anthony Petrello chairman CEO &President of Nabors Industries $18,140,318
Anthony Gould CEO &President Schlumberger
$17,687,191
Dave Lesar CEO &President Haliburton Co.
$17,023,538
John Carrig Executive Vice President Chief Finncial Officer Conoco Phillipps
$16,416,379
William Berry Retired Executive Vice President Conoco Phillipps $15,529,181
I'm not saying that these men don't carry a lot of responsibility they do but at $4.oo gas and $5.00 diesel who,s actually paying these wages
 
That's top 10 in the oil business apparently. None of those are in the Forbes top 10, which is heavily weighted to financial, retail and high tech CEOs.

You also missed Ray Irani, CEO of Occidental Petroleum, who is actually in the Forbes top 10.
 
Asuming your remark was meant in good faith, and not to just engender a backlash...
Remember how we used to laugh about the stories of
King Farouk getting his weight in diamonds each year as a "tribute" from his subjects?? (Probably 95% of his loyal subjects, of course, lived in real poverty (not US poverty, but Egyptian poverty).
After decades of incomes of the bottom and top becoming closer, they now seem to be diverging again; do we really want to go back to 1850"s-1900"s robber baron capitalism, with a small extremely wealthy class, a slightly larger middle class and the vast majority of the rest of us living hand to mouth??
If you want to discuss this situation seriously email. Bud
 
I listened to Jim Webb on PBS last night. He hit on this discussion some. Seems when things are good all these big companies want the Gov. to stay out of their way. Then things take a downturn they look for a Gov. bailout. Mr. Webb is looking at capping CEO's pay if they want a Gov. bailout.
 
Seems a lot of these poor hand to mouth people are hauling big screen LCD TV's out of the box stores yet...... While talking on their personal cell phone......

Hum.

--->Paul
 
Thoughtless spenders (like the poor) seem destined to be always with us, but I don't follow as to how this bears on the accelerating concentration of wealth (wealth=power) in this country. Neither a Republic or a Democracy can exist if wealth and power is in a small group or class, with the mass of the population gradually reduced to little more than hewers of wood and drawers of water. Email me. Bud
 
Somewhere there is a board of directors, elected by the stockholders, that approved those packages, a large part of which is undoubtedly stock options, etc. It's not all cash. Where in the Constitution does it say the population can limit what a citizen is paid? For that matter where in the same document is a minimum wage mentioned?

Those of you who get driven crazy by stuff like this should remember that somewhere there is probably someone saying YOU make too much too. FDR's class warfare strategy seems to still be working just fine.
 
Webb...pfffssst! Another local politician looking to go national before he's done a damn thing for the state that elected him. My life has changed not one iota for the better since he came on political landscape.
Damn shame... I admit it, i voted for him
 
Well, now is probably as good a time as any to restate the facts:
The top 5% of the income earners pay 57% of all income tax- so it's probably a good thing we have 'em. If they took their earnings out of the country, it would be quite a tax hit.

but it is also true that the richest 1% of the country has pretty much doubled it individual income since 1980, while the poorest 25% have had a decline in income dollars. yet- the "middle class" has improved income in the same period by about 19%. So- the rich get richer, the poor get poorer...and we stay about the same.

The income disparity widens...
 
It"s [email protected] (nothing came thru, and nothing shunted into junk mail file here, but I get squibs every so often that MSN is "filtering junk", and I"ve never found any way to find out what MSN is filtering for me...
 
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