Re: Defense in depth?

Michael Benveniste <mhb@xxxxxxxxxxxxxx> wrote:
"Keith F. Lynch" <kfl@xxxxxxxxxxxxxx> wrote:
I was speaking of the management, the people who flipped the
coin, not of the stockholders or the employees.

Who were also substantial stock holders and who's pay was
tied to company performance.

So they were paid an enormous amount instead of a stupendous amount.

Second, when you run the sums those same execs also _lost_ money
overall than most of us will earn in a lifetime.

Yes, the difference between a stupendous amount and a merely enormous
amount is more than most of us will earn in a lifetime. As is the
difference between what their stock options could have been worth
and zero.

I made one choice between the frying pan and the fire; they made
the other. I think my choice was more ethical.

False dichotomy. People could also choose to live more simply,

Some could. Around here the lowest rents are approaching the median
after-tax income. There's not a lot of slack. You can't give up
food, clothing, or heat. If you're healthy you can give up medical
insurance. Re-sharpening disposable razor blades and reusing paper
towels won't save much money.

or choose to live in a different location.

Sure, if you don't mind never again seeing your friends or family,
and being in a location with even fewer job prospects.

People who look ahead had the choice between ever-rising rents with
no equity, or buying a house with a mortgage they couldn't be sure
wouldn't suddenly increase and leave them unable to pay it. I can't
really fault anyone for making either choice.

The Federal Government has had a policy of encouraging private home
ownership for longer than either of us has been alive, but "largely
paid by renters" is bogus.

If I meant "mostly" I would have said "mostly." They encourage home
ownership for some by penalizing renters who can't afford to buy a
home, making it less and less likely that they will ever be able to
own a home. Why not exempt renters from the portion of their taxes
that compensates for the tax not collected due to the mortgage
interest deduction?

Give me one of those golden parachutes that the failed CEOs got and
I'd be too busy attending SF cons every weekend for the rest of my
life to waste time standing in line at any unemployment office.

I see, it's all about you.

The failed multi-millionaire CEOs may not be attending SF cons, but
they're doing *something* they enjoy. They are most certainly not
standing in line at the unemployment office.

Your jealous of their compensation is not my problem.

I never said it was. Nor am I envious of success. If a firm uses
its own money to pay its CEO, I don't care how much he is paid. I'll
decide whether to buy from, invest in, or work for that company based
on other factors, such as how good and how affordable their products
are, how their stock has been doing, and how much they pay. What I
object to is paying failed CEOs with *my* tax money. Especially when
they're paid more than I'll earn in a lifetime.
--
Keith F. Lynch - http://keithlynch.net/
Please see http://keithlynch.net/email.html before emailing me.
.

Relevant Pages

  • Re: How unemployment hits the middle classes
    ... Paying 'enormous amounts of tax' is no measure of effort, ... My father probably didn't pay an enormous amount of tax in his ... paid very little tax, but then again he was paid 'very little' anyway - ... because up until yesterday Tesco were only refunding the ...
    (uk.politics.misc)
  • Re: Question about a function
    ... The way your table is currently set up does not really accomodate the fact that the Tidewater dues are paid in two instalments. ... Subtracting the result of this from SUM wouldn't give you the amount to be paid though as the payments include a year's overpayment (add on this $24 to give you the true dues still owing). ... WE have different categories of membership. ...
    (microsoft.public.mac.office.excel)
  • Re: Another Stupid Maccie Rumor Debunked [was Re: Readers write in about the M$ $150 million and Mac
    ... corporations don't have their lawyers ... negotiate settlements with superfluous financial clauses. ... They probably paid ... That leaves the door open to you proving that MS paid any amount, ...
    (comp.sys.mac.advocacy)
  • Re: Rent Discrepancy
    ... This amount is approx. ... even though I paid my ... I know there are 'Renter's Rights,' but I also know the legal system ... is not all fun & games and if possible would like to resolve things ...
    (misc.legal)
  • Re: Question about a function
    ... This was done purposefully as I wasn't aware that any 'overpayments' were to be classed as actually "dues" (with them being in fact paid prior to becoming due). ... I've also had to create another formula which uses the Column designated for Membership. ... This is the true amount Collected during this "half Year". ...
    (microsoft.public.mac.office.excel)