Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Tuesday, June 19, 2007
Bill Murchison :: Townhall.com Columnist
The Executive Pay Brouhaha
by Bill Murchison
Vote on It:
Average Vote:
[+] Text [-]
 
Poll
Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


No one has the least idea how much money a corporate chief executive deserves to earn -- is that the word, "earn"? -- but if you don't hear a campaign issue starting to crackle and sizzle, you just aren't listening.

Here's the operative point: Chief executive officers on average earn 179 times as much as their ordinary workers.

Here's another operative point: Voters can be persuaded by diligent political effort to dislike and despise not just the recipients of this largesse, but also, more to the point politically, those who enable it. Aha! Republicans. That's what Democratic strategists are thinking. Who encourages and benefits from these outrageous levels of pay? Those whom the plain folks' party, the Democrats, seek to oust from the White House.

I don't blame the Democrats, really, for looking with such interest at an issue that plays in Peoria and everywhere else, namely, The Unfairness of Wealth Distribution. No issue is older in human experience.

The divide between rich and, well, let's say, less rich is a given in the politics and culture of all nations and societies. It has scriptural associations: Dives and Lazarus, rich young rulers, God vs. Mammon. Dickens used Ralph Nickleby, Ebenezer Scrooge, the Marquis St. Evremonde to wonderful effect. We are bred to wonder at or resent the gap -- size undefined -- that exists between the rich and, yes, us, plain old ordinary us. No wonder politicians use the wealth gap as leverage. For one thing, there aren't nearly as many of the rich as there are of us.

Well, as I say get ready, Stock and stock options, at a time of rampant bull-ism on Wall Street, helped the chief executives of the Fortune 500 to average 38 percent increases in compensation last year, for an estimated total take of $7.5 billion.

I know. Seven point five billion!!! It isn't ... it isn't it just isn't fair . So Mrs. Clinton and her consultants, after she snags the presidential nomination, may be counted on to inform us next year, (notwithstanding that she and her husband, a long way removed from real estate deals in the Arkansas backcountry, may be worth a combined $25 million).

It isn't fair? Maybe not. What is fair? That's the question. What's fair, and especially, who gets to decide? Continued...

1 2
| Full Article & Comments | Next >
Share:
Vote on It:
Average Vote:
 
About The Author
Bill Murchison is a senior columns writer for The Dallas Morning News and author of There's More to Life Than Politics.
 
TOWNHALL DAILY: Be the first to read Bill Murchison's column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.
 
©Creators Syndicate ©Creators Syndicate
Identification With the Aggressor
Most of the posters to this thread are hotly defending the right of very well-compensated executives to be paid mega-bucks. I wonder how many of the posters fit into that category---let's say, an annual salary in excess of $20 million. If not, why are they defending this? It's like the peasants defending the aristocracy.

Politicians are criminals, can we send..
them to Iraq. We need to run them out of the capitol, run them out, they are criminals. They sell out our country for money. They pocket $100k, or a trip to Vegas, and now they are free to sell out my country. Saudi Arabia is sending/or sent $5 billion dollars to our country for PR purposes, so they say. What they means is dollars for the purpose of lining the silk pockets of our politicians we elected. They swore to uphold our precious constituiton, our way of life. They are the elite, they know what our country needs, it does not matter that we are begging and threatening to vote them out. Elite politicians bound for a hot hell, if they have souls.
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.