Corporate greed is almost exceeding their profits in America today.
We Americans can no longer tolerate our major corporations and businesses exploiting all of us each and every day as they are currently doing. Look at the prices we pay for all products we consume. Then look at the record profits being reaped by the major companies in America. Next, look at the income levels of the lowest workers in comparison to the top executives in the companies. The disparity is so vast that we as a people need to regulate how the corporations pay the executives and make the picture more in the light of day.
The astounding part of this picture is that most of us rarely find out until the reports of one of these executives being given millions upon millions of dollars when they fail or are forced to leave the company or companies. Why they do this in such a way is beyond me especially when the person being forced to leave has done a lousy job. Greed is the biggest factor here because if you look at the structure of most corporations they tend to put these "golden parachutes" together in back rooms where the light of day rarely touches these documents.
If greed was not the biggest factor, our corporations could spread the pay across the entire pay scale instead of holding the majority at the top levels within the corporations and companies. More assets could be acquired as needed for expansion and more employees would have more stable work settings to enhance and enlighten their careers. Most of these corporations and companies have boards of directors and shareholders alike who could set policy to make the pay scale more open and managed closer at the top to make the disparity less than it currently is.
We Americans can do this if we all got involved and started writing to our elected officials in Washington, DC to build a set of rules that makes these large corporations and companies bring the executive pay scales within reasonable range from the bottom pay grades. Our elected officials in Washington, DC have the authority to design legislation that will do just this should they choose to.
Unless we all participate in this vital struggle, we all may see the greed so abundant that we will get into an inflationary spin that none of us would be prepared for. Times are rough enough now but if this happens we could find ourselves so steeped with inflationary prices that most of us would find it difficult to survive.
Today, we all spend much more than we should be paying to purchase food, gas, electricity and all other products we use every day. We need for the executives in these major corporations and companies to see how we feel about their less than stellar approach to income.
I challenge all CEOs and Executives and all of our congressional population to live for one full year on $15,000.00 and/or less.
Chuck S
