September 2019

Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30          

« The late-blooming activist | Main | Creative cash »

Jun 24, 2012

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Bill Yaner

Gary Trudeau's take on one executive's compensation: http://doonesbury.slate.com/strip/archive/2012/6/24

polifrog

Yeah, that's the problem -- the rich...

justcorbly

The problem with the rich is they have all the money and we don't.

And, oh, the Supreme Court thinks money is speech, which means rich people get to leverage a multiplier effect in politics as well as in economics.

Ed Cone

So much to unpack in that data (e.g., shareholder value, board supervision and exec compensation, changes and cycles in the state economy, etc.) seems a shame to reduce this to slogans about "the rich."

bubba

"And, oh, the Supreme Court thinks money is speech....."

No, corbs. The Supreme Court's thinks that having money doesn't disqualify its owners of their free speech rights.

justcorbly

And, I just came across this: America's rich are renouncing their citizenship in record numbers to protect their coffers from even the gentle touches of the U.S. tax code.

Good citizens, eh?

justcorbly

Siilly Bubba. He thinks the Koch Brothers are spending all that money so they can stand on a street corner and shout.

prell

"Siilly Bubba. He thinks the Koch Brothers are spending all that money so they can stand on a street corner and shout."

What don't you get, son? Reading comprehension isn't your strong suit is it, boy? Expected from Cone's Peanut Gallery, no? Am I hip?

Bill Yaner

Sheldon Adelson is spending $60 million so far to defeat - at any cost - the Executive presiding over the Justice Department which is investigating his highly profitable Macau casino operations for violating the Foreign Corrupt Practices Act.

Gee, do you think a Romney administration might just let that whole iinvestigation slide away? Sheldon sure does.

And in that snapshot, my friends, lies this whole Issue of unlimited contributions by the mega rich. It's not about freedom of speech but an unbridled and totally corrupting influence over governance.

justcorbly

Very, very unhip, Prell.

I have no problem at all with rich people speaking their mind. I have a very big problem with rich people like the Koch Brothers distorting the democratic process by buying up airtime for their propaganda.

What evidence was there that filthy rich people like the Koch Brothers were being denied their right to free speech?

The answer is: none.

The right-wing ideologues on the Supreme Court are in the process of destroying democracy in this country by giving a tiny minority of white rich people the ability to shout over and silence the rest of us. They don't believe in democracy anymore than the GOP's blathering filibustering minority in the Senate does when they deliberately block the majority's will to serve the interest of the rich elite.

Something very bad is happening in this country. People like you and Bubba and Frog and happy fools.

Bill Yaner

Amen to that JC. You're not JUST corbly. You're corbly.

Bill Bush

Corbs, you're in good company -- James Fallows:

http://www.theatlantic.com/politics/archive/2012/06/scotus-update-la-loi-cest-moi/258900/

Account Deleted

Interesting, Ed, that Raleigh does not have an entry, although Cree comes close.

Near the bottom of the list I see the Unifi CEO took a 41 percent pay cut.

Looking at those top line names reminds me that while our manufacturing base is much more narrow, those still working for the companies that remain do earn a good living from top to bottom.

polifrog

Ed:

... seems a shame to reduce this to slogans about "the rich."

Am I ever about slogans beyond the hook effect?

I am not prepared to blame companies and individuals who bring wealth into NC communities from outside the state for NC's economic difficulties. Neither am I prepared to lay blame for NC's economic ills on a minority group so that the disadvantaged have a human face to blame. Nor am I comfortable with removing that minority group's right to freely assemble and/or speak.

I'd rather blame the source of the problem, namely government sucking prosperity (investment in future growth) from the private sector, then expecting gratitude upon returning a small percentage euphemistically referred to as "public investment", meanwhile leaving the private sector and, hence, the whole of society less well off than it would have otherwise been had growth not been stolen from it.

But if one is into protecting just such a system I can see how wagging a finger a minority group could be useful. It has, after all, proven beneficial to others protecting similar interests throughout history. And I suppose we are fortunate in one sense --- our rich are not predominantly composed any one race, religion or ethnic group. Well, at least none that matter.

Ed Cone

Frog, I'm not at all sure what you're talking about, but I'm pretty sure it's not what I'm talking about.

Mark Sutter

We published our annual list of the 25 top paid Triad execs in our June 8 issue.

Here is the top 10: http://www.bizjournals.com/triad/news/2012/06/08/top-of-the-list-highest-paid-exec.html

sittinginthemiddle.

"The problem with the rich is they have all the money and we don't." JC


Yeah, if those evil rich would just hand over some of their money to the leeches and parasites everything would be just fine.

polifrog

Ed Cone from the post:

It's been a tough couple of decades for workers here in North Carolina's rust belt, but our once-proud local business sector can still compete with the rest of the state when it comes to executive compensation?

How can the statement above be read as anything but blame the guy with the money for your problems not the government that has siphoned off investment money and, hence, your prosperity.

You blame a minority for the inevitable decline that flows from the overly meddlesome and expensive governance you have a penchant for.

David Hoggard

How's about reading it thus, like I did, frog?...

'Although the ranks of N.C.'s rust belt line workers have been depleted due to cheap, off-shore labor, local executives still run those companies quite well and are paid well for their efforts. Matter of fact, they are among the most highly compensated in the state'

I read it as a positive thing. You took offense.

The comments to this entry are closed.