Do you feel that CEOs and investment company managers are ripping off the baby boomers retirement vehicles?

Question

CEOs seem to be getting high bonuses these days to run funds that the baby boomers put their entire savings into to provide for their retirement. If much of these bonuses were split up between the investors, wouldn't that be more fair? Do you think, like the elite, that without putting these monies in the hands of a few privilidged individuals in this country, that democracy would be in danger of elite cross cultural virtual overruling...as in money talks BS walks?

Answer 1

Yes I do think that CEOs and these managers (especially fund managers that charge outrageous fees) are ripping off the baby boomers.

Their bonus should be tied to generating specific returns for the CLIENT, not based on profits generated for the FIRM.

When your bonus is determined by creating profits for your company and not your customer, you will naturally focus your energies that way - customers come second.

Unfortunately not enough boomers are saying anything and the financial world isn't going to bring it up.

It took the Govt. to step in to get credit card companies to now start looking at some of the ridiculous fees they charge AND the arbitrary raising of interest rates to keep people in debt.

It will take the Govt to step in again and boomers NEED to press their representatives.

Answer 2

Baby boomer saving for retirement is a tremoundous source of capital. The investment companies are in charge of growing the retirement fund, And good people within these companies that find opportunities to make the funds grow, should be rewarded with good pay. You pay fees, or charges of some sort with any investment, and growth in sales of product in these companies, and growth in investments held, give the added funds to make the bonus payments.

if there is a down turn in the market, or if the employees don't make a good return for the inverstors, then the money isn't there to give bonuses.. I don't mind fees that ensure my investment going up.

I object to single company CEOs getting 10s of millions a year in salaries and stock options on top of that...That is what is outrageous

Answer 3

There are many CEOs working for you for $1.00 USD a year.

Apple, Sun and Google are three of them but I am sure you can find a lot more CEOs.