The Occupy Wall Street protests

Discussion in 'Free Speech Alley' started by Cajun Sensation, Oct 17, 2011.

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  1. LaSalleAve

    LaSalleAve when in doubt, mumble

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    I don't think many people want 4 more years of Obama, but if it comes down to voting for a moderate republican, or a right wing, gun wielding, church praising nut job, I'll take the sheep in wolves clothing.

    Obama may talk a big game about taxing the top 1% but he has continued along the path of helping the wealth gap increase.
     
    LaSalleAve, Nov 4, 2011
    #111
  2. red55

    red55 curmudgeon Staff Member

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    Fine when he makes money, but not so fine when he loses my money and still pays himself an exorbitant salary and a huge bonus.

    You are creating a straw man to argue against. :insane: I have never asked the government to do anything about it. I have asked for the boards to do the oversight that they are supposed to be doing. But the executives have stacked the boards with sychophants and disenfranchised the owners.

    No, you mind your own business, you don't have a dog in the fight. I own the right to approve or complain about how my companies are run.

    You might be surprised, my naive friend.

    You read a lot of books but don't get out into the real world much. You aren't as smart as you think you are.

    Just because you have no idea does not mean that others don't. The executives are making 20 times as much compensation as they earned in the 70's. The owners are NOT making 20 times as much profits.
     
    red55, Nov 4, 2011
    #112
  3. martin

    martin Banned Forever

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    again, i think there are reasons for their salaries being guaranteed that you dont quite understand.

    you are not the only man in america with stock. lets take this argument to our next meeting.

    You might be surprised, my naive friend.

    You read a lot of books but don't get out into the real world much. You aren't as smart as you think you are.

    baseball players make many times over what they did in 70s. is baseball many times more entertaining? of course not. a correlation betweeen exective pay raise and profit raising is your invention.

    if you want your companies to hire morons because all the good CEOS go where they can make big money, then i wish you the best.
     
    martin, Nov 4, 2011
    #113
  4. martin

    martin Banned Forever

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    again, i also think it is weird that you keep buying into and profiting from the practices of these companies that you think are run so poorly. i suspect you can find plenty companies to invest in that pay their CEOs crap. surely there are plenty of comapnies out there that understand your idea that ceos are not woth what they are bering paid, and that profits for owners could be raised by reducing their salaries.

    (of course their salaries are wildly insignificant in real terms of the company as a whole but i didnt say your theory was smart)
     
    martin, Nov 4, 2011
    #114
  5. red55

    red55 curmudgeon Staff Member

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    You don't quite understand anything about it, clearly.

    Indeed not. This has been a point of contention between large stockholders like pension funds for a very long time. They are the only owners with enough clout to do anything about the board stacking by the executives and some of them have had success.

    There is no direct correlation between high pay and high performance. None. There are plenty of executives out there, but the competition is not fair. Bloated salaries and golden parachutes are what they seek.
     
    red55, Nov 4, 2011
    #115
  6. red55

    red55 curmudgeon Staff Member

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    And I invest in such companies directly. The problem is the 2,543 companies I hold in mutual funds. I cannot influence those other than advocating that the system be improved. I have explained all this before. Your memory is poor and you like to keep rehashing old debates. I do not.
     
    red55, Nov 4, 2011
    #116
  7. martin

    martin Banned Forever

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    again, still not sure why you dont just invest in companies that are more profitable because they pay smarter ceo salaries.

    edit, i spoke too soon and you adressed this:

    who held the gun to your head and made you put money into these mutual funds that invest in such irrational companies?

    if you are the one investing in companies tha tare run poorly, then are not you to blame if they do not perform up to your expectations, even as you describe the reasons why they are not doing well?

    this issue belongs in free speech alley in the same sense that my gripes about my volleyball teammates poor setting ability belongs here. its an internal issue with zero political relevance.
     
    martin, Nov 4, 2011
    #117
  8. Sourdoughman

    Sourdoughman TigerFan of LSU and the Tigerman

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    These Occupants are starting to get violent, Obama's sheep.
    If they did their research they would realize Obama is the one who bailed out the banks and the corporations. He said he was between them and the people with the pitchforks.
    I hear they are going to try and disrupt banks soon, the pitchforks are coming out.
    A leader of Occupy Fort Collins just got arrested of Arson, 10 Million dollars worth of damage.
     
    Sourdoughman, Nov 4, 2011
    #118
  9. red55

    red55 curmudgeon Staff Member

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    Clearly not.
     
    red55, Nov 5, 2011
    #119
  10. SabanFan

    SabanFan The voice of reason

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    These people are looney toons. Even Colbert makes fun of them.

    [ame=http://www.colbertnation.com/the-colbert-report-videos/401092/october-31-2011/colbert-super-pac---occupy-wall-street-co-optportunity---stephen-on-location]Colbert Super PAC - Occupy Wall Street Co-Optportunity - Stephen On Location - The Colbert Report - 2011-31-10 - Video Clip | Comedy Central[/ame]
     
    SabanFan, Nov 8, 2011
    #120
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