[Rhodes22-list] John Shulick - I draw a distiction

Blanche DeFord bdford5 at yahoo.com
Thu Jan 29 14:00:50 EST 2009


Robert,

Thank you for the explanation about directors.

Why would they let these huge exec bonuses and salaries get out of hand like this?

Sincerely,
Blanche DeFord

--- On Tue, 1/27/09, RobertBovee50 at aol.com <RobertBovee50 at aol.com> wrote:
From: RobertBovee50 at aol.com <RobertBovee50 at aol.com>
Subject: Re: [Rhodes22-list] John Shulick - I draw a distiction
To: rhodes22-list at rhodes22.org
Date: Tuesday, January 27, 2009, 4:05 AM

The board of directors for most corporations are made up  of people outside 
of the business. People such as lawyers, bankers and  accountants are good 
board members. Their seats on the board change frequently  and they receive 
nominal reimbursement for their participation. Many times large  stock holders
are 
invited to sit on the board.
 
 
In a message dated 1/26/2009 5:49:02 P.M. Eastern Standard Time,  
sanderico1 at gmail.com writes:

Blanche,

I'm no expert on corporate governance, but I would  imagine that the 
board sets their own compensation, similar to the way the  congress sets 
theirs.

Rik

"There is no such thing as luck.  There is only adequate or inadequate 
preparation to cope with a statistical  universe." ... Robert Heinlein



Blanche DeFord wrote:
>  Rik,
>
> I am ignorant of these things.  Who sets the board  of directors pay?
>
> Sincerely,
> Blanche  DeFord
>
> --- On Sun, 1/25/09, Rik Sandberg  <sanderico1 at gmail.com> wrote:
> From: Rik Sandberg  <sanderico1 at gmail.com>
> Subject: Re: [Rhodes22-list] John Shulick  - I draw a distiction
> To: "The Rhodes 22 Email List" 
<rhodes22-list at rhodes22.org>
> Date: Sunday, January 25, 2009,  5:58 AM
>
> Wally,
>
> Agreed, corporate officer's  compensation is ridiculous. Especially 
> considering the amount of  personal responsibility they show. (Thain is 
> the latest perfect  example) BUT, every one of those corporations has a 
> board of  directors that agreed to pay that compensation. Was somebody 
> holding  a gun to their heads?? .... or are they just that stupid. We 
> can't  blame a man for taking the money that was offered to him.
>
>  Rik
>
> "There is no such thing as luck. There is only adequate or 
inadequate
> preparation to cope with a statistical universe." ...  Robert
Heinlein
>
>
>
> TN Rhodey  wrote:
>   
>> Herb, I agree with your comment about  domestic violence. I think John
was
>> pointing out a possible effect  of layoffs rather than the cause of
>>     
>  domestic
>   
>>  violence,
>>
>>  If shipping jobs overseas sustains the  long term growth of a company
that
>> is a good thing. I can't fault  a company for making decisions
that
>>     
>  help them
>   
>> stay in business. I do have a  problem with US companies taking
advantage
>>      
> of
>   
>> sweat shop type  labor.
>>
>> I also think share holders are waking up and  realizing  these  CEO
comp
>> packages are way out of  line.
>>
>> Fair Winds,
>>
>>  Wally
>>
>>
>>
>> On Sun, Jan 25, 2009 at  8:13 AM, Herb Parsons
>>     
>  <hparsons at parsonsys.com>wrote:
>    
>>   
>>     
>>> Why?  Why is it wrong for those who "glibly ship millions of
jobs
>>>  oversees". Those are THEIR jobs to ship where they  please.
>>>
>>> Anyone who commits "domestic violence"  because of a job
>>>       
> situation  IS the
>   
>>> SOB, not the person who shipped  the job overseas.
>>>
>>>
>>> John Shulick  wrote:
>>>     
>>>     
>>>> "I draw a distiction between those who cut  off a
reporters
>>>>         
>  head on a
>   
>>>>        
>>>>         
>>>  video,
>>>     
>>>     
>>>> attach a bomb with shrapnel then send that  person into a
crowd and
>>>>        
>>>>         
>>>  explode
>>>     
>>>     
>>>> the bomb, those who capture someone and wait  for a camera to
>>>>         
>  banyonet the
>   
>>>> prisoner, you get the  idea."
>>>>
>>>> And I see little difference  with those who glibly ship
millions of
>>>>       
> jobs
>   
>>>> oversees  to further stuff their already full pockets leaving
>>>>   
> behind
>    
>>>>       
>>>>   
>>> broken
>>>   
>>>       
>>>>  lives and shattered families. Have you ever contemplated the 
the
>>>>         
>  domestic
>   
>>>> violence these suited SOBs'  have caused?
>>>>
>>>> "I have no problem with  hanging the big horse theives. 
Try
>>>>     
> to get your
>    
>>>> representative in Washington to do  that.
>>>>
>>>> But I am willing to let civil  law handle those
transgressions,
>>>>       
> since that
>    
>>>>       
>>>>   
>>> is
>>>   
>>>       
>>>>  what it is for.  What penalty do you propose for those in 
Congress
>>>>         
>  who
>   
>>>> demanded and compelled banks to  loan to those who obviously
could
>>>>       
> not pay
>   
>>>> the  mortgage?"
>>>>
>>>> Everyone accused of a crime  has a right to a trial before
>>>>       
> judgement is
>   
>>>>  rendered and I don't believe the gitmo detainees have 
gotten
>>>>         
> that. If  I'm
>   
>>>> wrong could someone show me a  transcript of the trial. I
believe
>>>>       
> our
>   
>>>> discussion  was about summery execution and the dismissal of 
common
>>>>         
>  law.
>   
>>>>        
>>>>         
>>>  Can
>>>     
>>>     
>>>> you tell me which bill Congress passed to  made such a mandate
to
>>>>          
> the
>   
>>>> investment banks that  bought fannie mae and freddy macs'
>>>>       
> securities or
>    
>>>>       
>>>>   
>>> the
>>>   
>>>       
>>>>  bond ratings organizations who rated the stuff AAA? If such a
 bill
>>>>         
>  was
>   
>>>> passed why didn't doofus Bush act  like a leader and veto
it???
>>>>
>>>> "And if  you call me Comrade again, I will personally
begin  to
>>>>         
> attack  you.
>   
>>>>        
>>>>         
>>>  -
>>>     
>>>     
>>>> do you understand?  I guarentee that it  will be vitrolic and
get
>>>>          
> your
>   
>>>> attention.   Unfortunately, it will get everyone else's
>>>>     
> attention.  So
>    
>>>>       
>>>>   
>>> learn
>>>   
>>>       
>>>>  simple politeness."
>>>>
>>>> I will agree to  knock off the "comrade" stuff if
you
>>>>       
> will agree to stop
>    
>>>> calling myself and others on this list "marxists" 
when
>>>>         
> we  explore
>   
>>>>        
>>>>         
>>>  different
>>>     
>>>     
>>>> ideas and opinions. Politeness is a two way  street please
remember
>>>>          
> that.
>   
>>>>     
>>>>          
>>> How
>>>     
>>>   
>>>> did you get the nickname  Tootle?
>>>>
>>>> John  Shulick
>>>>
>>>>
>>>>
>>>>
>>>>   
>>>>          
>>> --
>>> Herb  Parsons
>>>
>>>
>>>  __________________________________________________
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>>>
>>>   
>>>       
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