Gadawg73
Gold Member
- Feb 22, 2009
- 14,426
- 1,618
Still, the relative difference between a union executive's terminal benefit package and the kind of bonuses most CEO's receive is so vast it is pointless to attempt a comparison. Even if a union boss leaves with a 100% salary and benefit package in the hundreds of thousands of dollars, how does that compare with some CEOs walking away with multi-million dollar bonuses year after year?One thing left off here (same with CEO's) - is their salary is a small part of the total package.
Like CEO's it is not uncommon to receive full compensation for the rest of their lives after leaving office in as little as 10 years.
For the most part the salaries of union executives and the rank and file membership are in acceptable proportion, whereas the average CEO's compensation is vastly excessive in comparison to that of their workers.
Who determines what is excessive or not?
You or the shareholders?
Or government? God help us. Take a look at what they have done with union contracts.
Almost a trillion in unfunded government union pension benefits nationwide.
Union influence is a bad idea. de Toqueville was right. As soon as folks can vote themselves a paycheck and/or government contracts that are not in line with market conditions the country will bankrupt.
And please tell me where do the folks that are paying the tab, THE TAXPAYERS, have a say and a seat at the bargaining table?
CEOs negotiate their wages and benefits same as union folks do.
I hear only a socialist argument against the executives.
Class warfare at it's finest.