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CAPT WINKY
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Posted: Sat Oct 4th, 2008 04:50 pm |
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| I am the man that shuts off your electric, so shut your face and pay your damn bill or I'll be there and shut if off. Nothings free you bums.
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BUDWEISER
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| Joined: | Wed Dec 21st, 2005 |
| Location: | Maryland USA |
| Posts: | 87 |
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Posted: Sat Oct 4th, 2008 04:46 pm |
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Plainly: JUST BECAUSE THEY CAN> NO REASON NEEDED
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Lavitakus
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| Joined: | Sat Jan 14th, 2006 |
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| Posts: | 353 |
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Posted: Sun Sep 28th, 2008 06:27 am |
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Skjuda wrote: Fred, we do have something in place, it is called failure of the company. Oops well maybe not since the feds seem intent on bailing out the greedy bastrds on our dime.
So can we put it on their credit report and call them every day?
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Skjuda
Member
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Posted: Sat Sep 20th, 2008 11:07 pm |
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| Fred, we do have something in place, it is called failure of the company. Oops well maybe not since the feds seem intent on bailing out the greedy bastrds on our dime.
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Fred
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| Joined: | Mon Oct 10th, 2005 |
| Location: | Dover, Delaware USA |
| Posts: | 7173 |
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Posted: Fri Sep 19th, 2008 04:07 pm |
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CEO salaries are not the problem, but are indicative of a deeper problem.
The last time salaries between the top and the bottom workers were this far apart was right before the Great Depression. I don't begrudge anyone making a lot of money, but somewhere along the line the salaries for those at the top got way out of whack.
There is a figure that should justly reward those who are willing to work extra hard, take extra risks, or have extra skills that the rest of us don't have. I'll even make what I call the "Bill Gates Exception" where a person who builds his own company is exempt.
What we need is for shareholders and board of directors to start holding the line. If that fails to work, maybe we do need some sort of mechanism in place to force them to reel in these kind of salaries.
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Skjuda
Member
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Posted: Thu Sep 18th, 2008 09:07 am |
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Ha the reason the electricity is getting so high is because sometime back congress decided to allow the providers and suppliers to be different companies. Before they had to be a producer to supply to consumers. Then came the change and all the companies sold off the plants that produce electricity to "private" companies. "Private in this term is the board of directors. Now the producers are no longer regulated but the suppliers are still under some authoritive body who are making sure they are not gauging the public. And they are doing a bangup job too.
The problem is the producers are charging extremely high rates and making billions off the consumers. The suppliers are only passing on the increase to the consumers. The regulators can not do anything but accept the pass throughs since they are not allowed to regulate them anymore.
You think CEO's make tons of money you should see the salaries of some of the producers. One company CEO is making 98 million a year, kinda makes the current crop of financial losers seem less selfish huh.
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Lavitakus
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| Joined: | Sat Jan 14th, 2006 |
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Posted: Thu Sep 18th, 2008 06:40 am |
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| At this rate the economy in whole WILL come to a halt. Add this increase with that of food,gas, inflation, your little 3.4 % pay increase and there you go. So McCains ONLY point of discussion is from the perspective of businesses.I have not heard him address any of those things that I just mentioned. So there it is ,that's why your bill is so high. It's all about the CEO.
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Hartlyboy
Member
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Posted: Thu Sep 18th, 2008 03:30 am |
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| Just to be a swarmy accountant, the average corporate profit over the past 25 years was around 8%. A 15% rate is good as far as return on investment, but that doesn't equate to profit. Except for the financials and automotive industry, most corporations are still reporting profits, not losses and while the level of profits might be down in some cases , we are still making money out there.
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Playing the Game
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| Joined: | Wed Jan 30th, 2008 |
| Location: | Delaware USA |
| Posts: | 2671 |
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Posted: Thu Sep 18th, 2008 02:45 am |
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| Let's see, Fred said "15% profit is a good goal for a company". What are you smoking these days?
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Fred
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| Joined: | Mon Oct 10th, 2005 |
| Location: | Dover, Delaware USA |
| Posts: | 7173 |
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Posted: Thu Sep 18th, 2008 02:41 am |
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Not sure of your point, CR, if you have one.
Are you saying that 12% gain in a down year is bad? I don't know about you, but the average corporate profit this year is probably negative this year, which puts that 12% profit in a whole different light.
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Habanero
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| Joined: | Wed Sep 28th, 2005 |
| Location: | DelMarVA, USA |
| Posts: | 4056 |
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Posted: Thu Sep 18th, 2008 01:30 am |
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Playing the Game wrote: Cool, the Oil industry only made an average 12% this year, so I guess they are off the Liberal hook.
In you dreams, my friend, in your dreams.
But it is a very funny line !!!!
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Playing the Game
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| Joined: | Wed Jan 30th, 2008 |
| Location: | Delaware USA |
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Posted: Thu Sep 18th, 2008 01:01 am |
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Cool, the Oil industry only made an average 12% this year, so I guess they are off the Liberal hook.
Fred wrote:
If it was truly a public utility, Ben might have a point, but it is not...remember, parts of the company were deregulated, and those parts of the company should be treated like any other company....but 15% profit would still be a good goal for any company.
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Fred
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| Joined: | Mon Oct 10th, 2005 |
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Posted: Wed Sep 17th, 2008 08:14 pm |
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If it was truly a public utility, Ben might have a point, but it is not...remember, parts of the company were deregulated, and those parts of the company should be treated like any other company....but 15% profit would still be a good goal for any company.
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Idaho Observer
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| Joined: | Thu Dec 15th, 2005 |
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Posted: Wed Sep 17th, 2008 08:09 pm |
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Ben Franklin wrote: There needs to be a permanent moritorium limiting all public utilities to a 15% profit. So much for the "libertarian" who now approves of stifling the free market. I guess socialism is more appealing to you. And oh, maybe Israel is behind the rate increase.
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Two Cents
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| Joined: | Mon Oct 1st, 2007 |
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Posted: Wed Sep 17th, 2008 03:51 pm |
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| Ben Franklin --- Every investor-owned utility of which I am aware -- and this certainly applies to every one of them that operate in Delaware -- would love to have opportunity to even approach a 15% ROE.
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Ben Franklin
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| Joined: | Tue Dec 20th, 2005 |
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Posted: Wed Sep 17th, 2008 02:38 pm |
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| There needs to be a permanent moritorium limiting all public utilities to a 15% profit.
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Two Cents
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Posted: Wed Sep 17th, 2008 01:22 pm |
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| PTG -- Relative to 3 months ago, yes ---- relative to one year ago, not hardly.
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Playing the Game
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| Joined: | Wed Jan 30th, 2008 |
| Location: | Delaware USA |
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Posted: Wed Sep 17th, 2008 03:33 am |
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| Have energy costs tanked recently? Yes
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Fred
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| Joined: | Mon Oct 10th, 2005 |
| Location: | Dover, Delaware USA |
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Posted: Wed Sep 17th, 2008 03:06 am |
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The 57% raise was for the 6 years that the rates did not go up. The latest request is for the cost of producing energy.
Does your gas for your car cost more than 50% more than 6 years ago?
Thought so.
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aperson
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| Joined: | Mon Sep 15th, 2008 |
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| Posts: | 4 |
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Posted: Tue Sep 16th, 2008 01:15 am |
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| Have u noticed why ur electric bill is going up? There was a slight increase in July (didn't see that or hear about it) and they are trying to raise it another 14.50%. HELLO!! Like 57% wasn't enough! I asked why the increase, my pay hasn't increased 57%. It is CRAZY!!! When will it end?
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