Canadian CEO Blinks...Earns $38,000

If you make $38K a year and want to make more, I suggest you stop logging on to a blog during business hours and do something to improve your earnings potential rather than complain about some rich fat cat who makes more than you.

Perhaps some of us don't have jobs that are 8am - 5pm Monday to Friday. Canada does encompass many time zones too.

The point is, the people that work for this CEO's company have to work a whole year to earn what the CEO does in the first hour and a half of his work-year.

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"I think it's important to always carry enough technology to restart civilization, should it be necessary." Mark Tilden

"If you make $38K a year and want to make more, I suggest you stop logging on to a blog during business hours and do something to improve your earnings potential rather than complain about some rich fat cat who makes more than you."
I see.
That is what you suggest is it?

How droll! And how, as is is your custom, utterley useless.

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[juris ignorantia est cum jus nostrum ignoramus]

it is ignorance of the law when we do not know our own rights"

lex ferenda

I object to the use of the word "earned". Nobody can "earn" this kind of money.

These people don't "earn" these criminal amounts, they get "paid" by their corporations as their reward for stealing more and more from the public, the environment and their employees.

We'll be going shopping tomorrow and will find a whole slew of prices higher than last week. Because so called "economic competition" is now directed at weekly rising profits.

Vancouver has the highest gas prices in Canada. When oil company reps were asked why, when crude prices didn't go up, they replied that it was for "competitive reasons"

Ed Deak.

The key words are "private sector". The CEOs of these companies are responsible for that company to make profit. After all, profit is the sole reason for forming a company. They are paid substantially for meeting that goal. There are those who can and those who can't. None would be making lucrative wages if these companies were loosing money. We, the consumer enable the profit. We the consumer can also prevent it. It is hypocritical to complain of profits if it is we that create it. Don't complain of the price if you are willing to buy the product anyway.

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Expect little from life and get more from it.

Yeah, easy to say to just not buy the product, but I (like most of us) need a bank account to survive and they make billions of profit a year. I have no choice. I have to drive and buy fuel, which is also controlled by companies who make billions a year. I have no choice.

I have to drive and buy fuel,<<

I do for a living and you can bet I drive accordingly. Precious stuff has to be used sparingly. I must be the only one who is paying the exorbitant price because I see the majority treat it as if it is free. Few people drive (or park) to save fuel. Yes oil companies and governments benefit from the profits on OUR natural resource but we do nothing to cut back the profits. It would take a majority to stop those profits. Instead we witness people demanding more and cheaper. The Alternate source of fuel will noit be cheaper either because people only want "more".

Extreme profits have always been the norm in the oil business. Canada sold Petro-Canada in spite of it. Those profits never entered Canadian pockets anyway. None from the sale of fuel nor the sale of the Company. Just who complained?

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Expect little from life and get more from it.

And there are people in Africa that have to work a whole year for what you or I make in an hour. I guess they should be posting on blogs to lament our fat cat status (between the hours of 8:30 and 11:30 MST which is business hours across the whole country regardless of the timezone you are in).

Let's face it, most of the postings to this (or any other site) are made during business hours. That's not a criticism, just an observation... look at the time I generally post. But you won't catch many CEO's posting at that time of day unless it is on a company site for business reasons.

But, I am CEO of my own company! (And President, and Comptroller, and Janitor . . )

And I also put 20 - 30 hours overtime in a week, so don't feel guilty if I post here after I've doused the daily fires.

Everything is relative, but the poor starving African farmer doesn't have the tax burdens we do ethier. The CEO of the company I work for has the same tax burden (hahahahahaha) as I do. In theory, at least.

With the CEO of Home Despot quitting and getting a $200M golden parachute for the company profit and market share slipping - something is very wrong with that.

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"I think it's important to always carry enough technology to restart civilization, should it be necessary." Mark Tilden

To Michael Scott,
Your flawed logic reminds me of that commercial with the dog haning its ass out the window: One sick dog!
That there are people in Africa that have to work a whole year for what you or I make in an hour or that N.As make in a year only indicates the question of scale and how out of whack the disparity is.
It may be that * That's not a criticism, just an observation* it is also an un-Just observation.
Your argument uses red herring fallacy! As you quickly stand up for the CEO&#8217;s greed while going on ad homenim attacks towards the people who are raped by the CEO class.
Yup, One sick puppy on an argument!

I agree with Ed
there is no *earning* only theft!





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[juris ignorantia est cum jus nostrum ignoramus]

it is ignorance of the law when we do not know our own rights"

lex ferenda

Speaking as one who lived with the belief *I have no choice* I have some idea of what you mean and now that I KNOW I *DO* have choice, choice available through existing law, I exercise those choices.

It is this very concept *need a bank account* that banksters criminally created to enslaves.
Due to criminally created slavery is how fear is also created. Please think about that until indignation motivates enough to cause Just/Right action.


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[juris ignorantia est cum jus nostrum ignoramus]

it is ignorance of the law when we do not know our own rights"

lex ferenda

Oh, I'm with you on the golden parachute. And not just in America. I want Ontario Hydro (or whatever they call it now) to keep a CEO for more than a couple years and when they get turfed for questionable expenses totalling $6000 they shouldn't be getting millions in compensation. There is something very wrong with that. The original writing of these packages should be up to greater scrutiny.

"After all, profit is the sole reason for forming a company."

Actually, if a company is to be publicy traded (or is being publicly traded) then profits are no longer the main purpose of the company, instead an increase in share prices become the main goal.

There are other reasons for forming a company that have little to do with profits, such as for taxation reasons or for hiding or isolating interests.

For example, if you had a leaky condo in Vancouver, who are you gonna sue? The company that built your condo isolated itself by doing the work through a temporary company that was specifically created for the project and folded the day the last unit was sold.

The directors of that company are still personally liable regarless of the dissolution of the company. You could sue them. Their ability to limit their culpability has been marginallized by legislation that went through after the Enron/Tyco fiascos. Sarbanes/Oxley legislation in the US was matched here in Canada and this ensures that the directors maintain their personal responsibility for mistakes the company made even if they leave the company, or in this case, if the company folds.