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Posted

Nope. Regardless, you don't care so much about inequality so long as the government gets it's cut. Kind of like the mafia.

With campaign finance and other necessary reforms, government is at least the one institution that everyone has an equal say in....while the corporations you worship run on the basis of one dollar/one vote...so the richest players with the most dollars are running the show. So, who's the mafia again?

And that's why they create this BS about government spoiling their fun and interfering with their ability to make more money! Truth is that most of the wealthiest corporations today are making the bulk of their money through guaranteed government contracts. And they are not shy about using evil big government for their interests: enforcing their patents, copyrights and contracts; providing public services for their homes and businesses; policing...which is primarily about protecting those with wealth from those who don't have it and want some of it - in cities like NYC for example, devote an inordinate amount of uniformed and plainclothes officers for the commerce district and wealthy upscale neighbourhoods. How about these wealthy self-made billionaires like David Koch..who in fact keeps a luxury condo in Manhattan for doing business on Wall Street....so how about if he provides his own security, like the billionaires in many third world nations have to do to avoid kidnapping etc. Something that may come to America's shores as wealth and income inequality increases.

Anybody who believers exponential growth can go on forever in a finite world is either a madman or an economist.

-- Kenneth Boulding,

1973

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Posted

The topic is money...deserved and undeserved. Why just pick on an ex-Target CEO ?

Okay, so why doesn't Maher Arar deserve his compensation? Or are you saying that we should torture the CEO of Target and send him packing with 10 million dollars?

Anybody who believers exponential growth can go on forever in a finite world is either a madman or an economist.

-- Kenneth Boulding,

1973

Posted

...Here in Canada...at least most of Canada, we didn't have the insane runup in real estate prices, so there isn't as far to fall, but a lot of people that used to have good paying jobs and now struggle to hold on to their homes and pay the bills with two or three crappy part time jobs sure as hell notice stories like this one about Target's CEO's compensation for failure!

Lots of inflated home prices in Canada...and lots more people coked out on easy credit. Target's CEO is the least of their problems.

Stop depending on foreign capital to succeed (or fail) in Canada for jobs.

Economics trumps Virtue. 

 

Posted

Okay, so why doesn't Maher Arar deserve his compensation? Or are you saying that we should torture the CEO of Target and send him packing with 10 million dollars?

Maher wasn't tortured...but Canadian taxpayers sure were !

Economics trumps Virtue. 

 

Posted

Truth is that most of the wealthiest corporations today are making the bulk of their money through guaranteed government contracts.

That's not truth at all. Just complete nonsense.

Posted (edited)

The good thing about modern so called "free enterprize" is that if you've got enough money or you are well enough connected with the upper echalons of corporate power, you only fail upwards when you screw up!

Screw up?

Looking back five years, Target's share price on the NYSE has never been higher.

Link

Target's ex-CEO was worth more than the employees at 130 failed Canadian locations. There are a lot more locations in the U.S. still making lots of money.

Precisely.

=====

If you feel that Target's CEO is overpaid, then sell short Target shares. (And please don't claim that the CEO only thinks about immediate short term profits. WIP, if you are right about Target's compensation package, then you stand to score a huge gain when - in the long term - Target crashes.)

Edited by August1991
Posted

Stop depending on foreign capital to succeed (or fail) in Canada for jobs.

Stop depending on Canadian talent like comics, musicians, screenwriters, film producers etc to provide high quality content to American audiences.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

Stop depending on Canadian talent like comics, musicians, screenwriters, film producers etc to provide high quality content to American audiences.

We don't....they keep crossing the border and beg for jobs.

Economics trumps Virtue. 

 

Posted

Screw up?

Looking back five years, Target's share price on the NYSE has never been higher.

Link

Thanks! Just more added proof that capitalism needs to be destroyed before it destroys us in the drive for greater and greater profits! Target's share value is just another artifact of modern disaster capitalism - arbitrage is very profitable for some...regardless of how much earnings are lost for employees of the new feudalism!

If you feel that Target's CEO is overpaid, then sell short Target shares. (And please don't claim that the CEO only thinks about immediate short term profits. WIP, if you are right about Target's compensation package, then you stand to score a huge gain when - in the long term - Target crashes.)

If you're not aware of the absurdities in that short paragraph: if the CEO of Target was concerned about the long term viability of the Company, he would have done what was necessary to avoid the disaster caused by incompetence....poor supply networks, costly overruns and delayed openings of stores. If the company was a success, then he should have received more compensation than for its failure....but I'm not a CEO or a member of a corporate board of directors...the realm where you win whether you earn or lose profits.

Anybody who believers exponential growth can go on forever in a finite world is either a madman or an economist.

-- Kenneth Boulding,

1973

Posted

We don't....they keep crossing the border and beg for jobs.

Sure they beg for jobs. We can all see that.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

I get to read the resumes....Canadians and other foreign nationals playing the H1B visa game. In...out....back...and forth...across...the...border.

You get to read the resumes? WOW, cool.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

Yes...their stories are so compelling. I wonder why they leave Canada...can't find any work there ?

Um, probably not. Your population is 10x ours. And yet, our Canadian talent rises above all others.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

Um, probably not. Your population is 10x ours. And yet, our Canadian talent rises above all others.

But we are humble.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

Stop depending on Canadian talent like comics, musicians, screenwriters, film producers etc to provide high quality content to American audiences.

Our economy has been U.S. owned ever since FTA - NAFTA abolished Canadian content provisions and similar protections for our industry. Seems a little pointless these days to be a Canadian nationalist in an age when our economy is completely foreign-owned.

Anybody who believers exponential growth can go on forever in a finite world is either a madman or an economist.

-- Kenneth Boulding,

1973

Posted

Um, probably not. Your population is 10x ours. And yet, our Canadian talent rises above all others.

That's so sad...so many talented people and no work. I bet some even had to work at Target !

Economics trumps Virtue. 

 

Posted

Our economy has been U.S. owned ever since FTA - NAFTA abolished Canadian content provisions and similar protections for our industry. Seems a little pointless these days to be a Canadian nationalist in an age when our economy is completely foreign-owned.

Nothing wrong with being a Canadian Nationalist.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

That's so sad...so many talented people and no work. I bet some even had to work at Target !

so sad....

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

....working and living large in the USA....like Neil Young !!

Hell yes! I'd live in a warmer climate too!

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

Posted

Nothing wrong with being a Canadian Nationalist.

I like your spirit, but under the trading regimes we are governed by today, we've lost the ability to set our own economic goals and run an independent foreign policy, rather than having a Prime Minister who just repeats everything U.S. officials say.

Anybody who believers exponential growth can go on forever in a finite world is either a madman or an economist.

-- Kenneth Boulding,

1973

Posted

I like your spirit, but under the trading regimes we are governed by today, we've lost the ability to set our own economic goals and run an independent foreign policy, rather than having a Prime Minister who just repeats everything U.S. officials say.

That has nothing to do with cheerleading our Canadian exports.

I love to see a young girl go out and grab the world by the lapels. Life's a bitch. You've got to go out and kick ass. - Maya Angelou

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