Where is a guy like RAymond Lowey or Doc Johnson
It would be interesting to compare the CEO salaries from
Toyota and Honda versus the ones from the Big 3.
Still, Japanese executives are paid far less than their American counterparts. On average, Japanese chief executives earn a salary of $300,000 to $500,000 a year, more in line with European chiefs, versus an average of $1.5 million for an American in the same position, according to East West Consulting, an executive search firm in Tokyo. Fixed salaries, on average, make up three-quarters of the pay of a typical Japanese company president, with the remainder in bonuses and stock options. In the United States, stock options make up three-quarters of a chief's pay.
Executives here earn about 12 times more than the average worker, a gap that has grown gradually since stock options were introduced in 1997. By contrast, American executives earn 180 times more than their employees, a gap that has more than quadrupled since 1980, according to East West Consulting.
Often missing is any real link between pay and performance. Although American corporations are losing ground to foreign rivals, their executives continue to be the most richly paid on earth. While the average Japanese chief executive earns $400,000 in annual pay and the typical head of a major German company makes about $800,000 a year, most heads of major U.S. companies make $1 million to $4 million a year. This disparity was embarrassingly highlighted earlier this year when the Big Three auto chiefs accompanied President Bush on an ill-fated trade mission to Japan. Although General Motors', Ford's and Chrysler's combined losses totaled $7.5 billion last year, their top executives were together paid $5.3 million. Their counterparts at Toyota, Nissan and Honda collectively made $1.8 million.
The American way is NOT bailouts...
The following is the subsidies by crop in 2004 in the United States.
Commodity US Dollars (in Millions) Percentage of Total
Feed Grains 2,841 - 35.4 %
Upland and ElS Cotton 1,420 - 17.7 %
Wheat 1,173 - 14.6 %
Rice 1,130 14.1
Soybeans and products 610 - 7.6 %
Dairy 295 - 3.7 %
Peanuts 259 - 3.2 %
Sugar 61 - 0.8 %
Minor Oilseeds 29 - 0.4 %
Tobacco 18 - 0.2 %
Wool and Mohair 12 - 0.1 %
Vegetable Oil products 11 - 0.1 %
Honey 3 - 0.0 %
Other Crops 160 - 2.0 %
Total 8,022 - 100 %
We should do the same thing with any corporation that is "too big" to fail. The fact that something is too big to allow the free market to decide it's future is a problem, and needs to be resolved.
Obviously youve had no experience with bankruptcy in industry.
Your pompous stements are a demo of the Lucy factor
"If you cant be right, be wrong at the top of your lungs"
Well- creditors do shaft themselves by extending credit to companies which are not sound. They are too eager to take orders. If they don't know they are taking a chance then they are hardly fit and proper companies.
Bankruptcy laws are necessary for capitalism.
Frankly I think that it companies with unions are the one getting the short end of this deal.
Real odd that an insurance company can get over four times what the whole auto industry is asking for and not one word concerning it from anyone.