True News 44 - Executive Pay Ripoffs?

[DowntownGoat]

Do you think that CEOs and Joe Worker should get paid 'around' the same even though their levels of responsibility are insanely different?

[70road]

If I have to hear how "talented" these guys are I am going to puke. There are plenty of talented people that would work for 1/3 of what these greedy bastards get. America is doomed to a lord-surf society.

[CabbageNappa]

1/3 of what they work for? many talented people would be grateful to have a job!

[70road]

well put

[spacab]

good video, thank you!

[jadam914]

GREAT STUFF!!!

[zerk54]

Thank you as always. Thank you for the very time consuming research that you do. There are many who benefit from this.

[siziam]

Hi Stephan, what a shame this video only has 1273 views, actually it's a crime. People would rather watch most of the drivel on youtube and have no idea of what is going on and those who are screwing us all bank on it! I commend you on your efforts.

[erdal0]

5:38

[nordbergsongs]

This guy always says it straight and correctly.

[RevolutionaryJam]

so the shareholders will get 444% more dividends instead of CEOs??? :-S will that make people any happier about the situation?

[RevolutionaryJam]

you support a completely free market and you're complaining about CEO pay increases, paradox much?

[JakeTheShake]

Did you watch the video?  He explained how CEO pay is the result of government intervention, not the result of the free market. He doesn't have a gripe per se with CEO pay. He has a gripe with the fact that government intervention in the free market resulted in the increase of CEO pay at the expense of stockholders and investors.

[RevolutionaryJam]

yeah my point wasn't well made. in a free market the CEOs can get paid what they want anyways, you can say they will be replaced with someone cheaper but to be hoenst it's jobs for the boys when you're that rich, the point of having a corporation is so you can get rich oftentimes if people own a lot of shares they can just put themselves and friends in managerial positions and give themselves big salaries

[JakeTheShake]

Actually you are functioning under mistaken assumptions. Corporations are government sponsored entities. Corporations in their current form couldn't exist in a free market as corporations are given special legal protection by the government allowing them to exist. Since CEO is a position created by this government enforced corporation, the CEO as you think of it would not exist in the free market either.

[newperve]

There are five characteristics of a corporation (wikipedia, please donate) 1) Legal personality, 2) Limited liability, 3) Transferable shares, 4) Centralized management under a board structure and 5) Shared ownership by contributors of capital. All but limited liability can be created on the free market. Even that could be created on the free market by a combination of tort insurance, informing the creditors and paying someone to guarantee your debts. Governments give it away for free.

[Baabaloux]

You sir, are a moron.

[RevolutionaryJam]

you're right, I've known it all along actually. what more would you expect from a moron?

[LeksServices]

This is what I like about him. :-) He often says things I don't agree with, but his explainations and his ideas are very well researched. This time, I initially disagreed, but he backed it up so much that yes, I can see exactly where he is going with this. It also explains why railroads are not the modern lepers in the corporate world: They require huge investments and it can take years to even recover the costs. In short, a railroad is a very long term investment.

[RogueSwordThesco]

Golden Showers, lol

[StopButtSearches]

When are u going to do a podcast on butt searches? That is one of the best sources for anti-state propaganda. Most butt searches could be replaced with laxatives, so why use the more brutal method? Most people would like to be treated as humane as possible when being inspected. And almost all butt searches are done to innocent people suspected from victimless crimes. When the moral justification is shown to be false, only rape remains. This is the strongest case against the state. So use it.

[caltrop69]

Wait a sec...Butt searches are more humane than laxatives?

I think it really depends on how many laxatives are used.

[MonkeyBusiness233]

Videos like this should be shown on TV at prime time!

[nanciqwerty]

A fine analysis, thanks :-)

[Individualism101]

Philosophy in Philadelphia 'eh?

[robzrob]

Re Philadelphia. Can't wait!

[CelticReject]

I can't watch anymore. I am just too freeking ANGRY!!!

[Khronofox]

Golden showers even! I fucking lol'd.

[alaw911]

the "oh OK I'll do that" voice made me laugh food out of my mouth....

[17Spartacus76]

The passage of Sarbanes-Oxley likely increased pay as well because SOX 302 and 906 forces the CEO and CFO to 'certify' the financial statements. If things go wrong they face fines up to $5 million and prison time up to 20 years.

[TheCapt4in]

BAHH ill see you in philly! and watch you dominate some debate FDR STYLE

[zezinho733]

i love it when u do the power points wit da vid it makes it btter but great like always Stephen :)

[migkillertwo]

"peace does not destroy the world"

THAT was simply EPIC.

[migkillertwo]

amazing how statism caused this explosion in executive pay.

amazingly informative video stefbot.

[TruthSurge]

I can't watch anything about pay that someone can't even count within their lifetime. You can't even count up to 1,000,000 yet people make countless millions. It's hard to really fathom when I am now making less than $20,000 / yr.

[tob1203]

FIRST!!!!!!!!!!!!!!!

[socratestheathenean]

wrong!

[tob1203]

RIGHT!!!!!!!!!!!!!!!!!!!!!!

[galikazoid]

nice!! news that is true!

[socratestheathenean]

awesome video as always!

~Anaphilo