Billionaire Executives and Owners are a lot like Royalty...someday the idea will seem just as stupid

[Chan790]

33. Some rebuttals.

While $25k may not be subsistence in NYC...and I know, I'm from Brooklyn...it's already more than they're making...and obviously, it needs to factor in cost of living. Paying a burger flipper in rural Kansas what you pay one in NYC is equally unfair...the buying power of a dollar in the rural middle of the US is several times what it is in the urban metropolises of the Northeast.

I should hope both economics and corporate governance are strong points, I worked for 3 years in business banking specializing in NPOs. I was pretty fucking good at it until I decided to rat out my employer for fraudulent practices in another area of the bank (mortgages) during the economic meltdown. Combined with my efforts to organize the branch employees, they felt a need to find an excuse to fire me. I took them to court and won.

I just didn't realize that you needed a complete economic 350 page plan with charts and graphs. I presented a kernel of an idea that was not meant to be taken as a fleshed-out proposal.

The 100x metric is based in a belief in the necessity of restrained capitalism. I took the traditional figure of 20x used in several of the more-successful Asian Tiger economies and Japan...and multiplied it by 5 to get to a number that wasn't so small as to be rejected out of hand. So, yes...educated pull-it-out-of-your-ass metric. Further, I believe we need legal reforms to restrain the cronyism of corporate boards.

(Generally though, I think the bigger problem is that I feel that current iteration of capitalism needs to be castrated while Wall Street burns and you're seemingly committed to its preservation in large part.)