CEOs rewarded for outsourcing

[Cocoa]

http://money.cnn.com/2004/08/31/news/economy/outsourcing_pay/

NEW YORK (CNN/Money) - The CEOs of the top 50 U.S. companies that sent service jobs overseas pulled down far more pay than their counterparts at other large companies last year, according to a study released Tuesday.

The top executives at the firms that use outsourcing the most got a 46 percent pay increase. By contrast, the average CEO, including those at outsourcing companies, saw their pay rise 9 percent, according to a study by the Institute for Policy Studies and United for a Fair Economy, two left-leaning think tanks.

" are rewarded for decisions that may help the corporate bottom line, but at the same time are very costly for U.S. workers and communities," Sarah Anderson, director at the Institute for Policy Studies, told CNNfn Tuesday.

<snip>

Officials at the Labor Department and the U.S. Chamber of Commerce did not return calls for comment.

more...

[liberal N proud]

1. And this story is on a CNN web site? WOW

What a big step for CNN!

[saigon68]

2. The great unwashed are only interested in the Kobe trial.

They could care less about this.

[Hegemony Cricket]

5. Lou Dobbs hates outsourcing even more than Democrats...

...there's a great Bill Moyers Now interview with him about it.

http://www.pbs.org/now/politics/dobbs.html

[Catt03]

3. Take note of GE, who owns NBC, MSNBC; Time Warner who owns CNN

http://money.cnn.com/news/companies/research/research.html?pg=sn&symb=GE

AND

Times Warner...who owns CNN (Parson's personal income up 90%)

http://money.cnn.com/news/companies/research/research.html?pg=sn&symb=TWX

They report to us, bias the news and then rake in the bucks because this administration says go for it.

Are we going to continue to take this abuse?

[redqueen]

4. "...Labor Department ... U.S. Chamber of Commerce did not return calls"

Wow... I wonder why.

:grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr: :mad: :grr:
:nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke:

[sadiesworld]

6. I recently read in a business mag (don't recall which one)...

that we will see a huge wave of outsourcing after the election.:mad:

[Lithos]

7. Compassionate Conservatism model once again

This government runs things like the CEO's. Continue selling out the US for money.

[antigop]

8. Does Carlyle Group benefit from outsourcing?

http://www.carlylegroup.com/eng/fund/portfoliofundgroupl5-2241.html

>>>
Worldzen Holdings Limited
India

Carlyle Asia Venture Partners II
Acquired: February 2003
Status: Realized

Worldzen Holdings Limited is a Business Process Outsourcing (BPO) company focused on offering India-based back office solutions to the insurance and debt collection industries in the U.S. `
>>>