True News 44 - Executive Pay Ripoffs?

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.

good video, thank you!

GREAT STUFF!!!

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

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.

5:38

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

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.

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.

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