As much as I dont' agree with full out communism, what if the maximum income that anyone in our country could make was like 5 million/year? I feel that as long as there is so much money being made by top CEO's at our major oil companies, the gas prices will never go down because they're getting away with it! See...as long as people can get away with taking advantage of us common people, things will never change, how can we stop it?
2006-08-02 07:46:43 · 7 answers · asked by A.Marie 5 in Politics & Government ➔ Law & Ethics
America has drifted too far to the left already, practically to the point of being neutered.
I agree with you concerning the oil CEOs... and a lot of other CEOs. Pure greed at the expense of others. As a stockholder, I vote against more bonuses and raises.... they make more money in one year than a person should need in a lifetime. My dividends could go up if their pay structure went down.... Perform or get the boot would still be an incentive to get the job done.
Same goes for pro sports, with a clause pertaining to injury.
2006-08-02 08:02:47 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The real money in gasoline is the 36 cents a gallon federal tax. While CEO's take the heat for their salaries - usually overseeing a billion dollar company deserves adequate compensation. The same problem these morons who complain about the amount of money the ceo's make, never stop to think they are trying to mandate a maximum wage. And, that is pure communism.
Won't fly here... sorry.
2006-08-02 08:07:47 · answer #2 · answered by trc_6111 3 · 0⤊ 0⤋
Evidently you haven't researched this or you would know that, with very few exceptions, compensation of the oil company executives is entirely in line with or below execs in non-oil companies. CEO Henry Silverman of Cendant (Coldwell Banker, Avis, etc.) for instance, is #3 top money maker in the country at about $140 million a year. Cendant is going down the porcelain facility. NO OIL. David Kozlowski STOLE $650 million from comglomerate Tyco Corp. NO OIL.
2006-08-02 08:03:18 · answer #3 · answered by senior citizen 5 · 0⤊ 0⤋
You need to look at the numbers before you make those kind of conclusions. Exxon operated at a 10% profit margin after taxes in 2005 with around 360 billion in sales, so 36 billion dollars income. The corporate bonuses the CEO's got from that were really just drops in the bucket compared to the bigger picture. I mean what was it? 200 million in bonuses? 200 million is paltry compared to 36 billion.
2006-08-02 07:51:40 · answer #4 · answered by piracyofficer 2 · 0⤊ 0⤋
The gas price is high, bcasue you pay for it.
the basics of supply and demand are pretty simple.
If they had a massive surplus, the price would drop so they could sell more. It is the same reason why Filenes has a sale every other month. They are try ing o reduce inventory.
2006-08-02 08:08:44 · answer #5 · answered by billyandgaby 7 · 0⤊ 0⤋
I doubt it, but I agree something should be done about obscene profits.
2006-08-02 08:03:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No it would not. The corruption would just move to fewer people.
2006-08-02 08:49:20 · answer #7 · answered by Anonymous · 0⤊ 0⤋