Forum Post: Why I support OWS? Only one reason.
Posted 12 years ago on Nov. 3, 2011, 1:17 p.m. EST by daverao
(124)
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I support OWS for making people aware of executive pays of traded companies.
I do not care owner of bob's garage on my street makes as it is private business and as long he not doing something illegal.
The CEO of a public traded company are getting greedy and makes millions thus short changing shareholders and employees. The money of these company is the money of the shareholders and they are small investors.
Some example Northrop Grumman CEO made 22.1 million in 2010. Capital One chairman made 14.9 million and list goes on and on.
Shareholders should have more powers to curb this greed. There are thousands of shareholders in the public traded companies with 401k investments and they are the losers.
The CEO of Home Depot was paid over 100 million to quit after running the company into the ground.