1. Marx believed that profit = exploitation, b/c the people who took the profit didn't necessarily earn it. The workers never get a share of the profit (or rarely do like the Big 3's profit sharing checks), so Marx believed that the owners didn't deserve those profits.
- Do you agree with Marx? Why or why not?
A Swedish website explains profit = exploitation better than I did: http://hem.passagen.se/nicb/marx.htm
2. One of the qualifications for taking federal bailout funds is that CEOs' salaries are limited to $500,000 / year. Do you think that this limitation on CEOs' salaries is a good or bad idea? Why?
"Why CEOs Are Overpaid" article - http://management.about.com/cs/generalmanagement/a/CEOsOverpaid.htm
Top TARP handouts, top CEOs salaries, CNN - http://www.cnn.com/2009/US/02/11/banks.ceos/index.html
3. Some people look at the expenses that companies have spent and feel that certain people are extremely overpaid. Why do some CEOs get paid millions even while their company is failing? Forbes magazine ranks the best-performing CEOs and the most overpaid leaders of failing companies. Some people have been talking about limiting all salaries, regardless of industry. What do you think about that? Why?
New York Times' article, "You Try To Live on $500K in This Town."
4. Do you think the gap / disparity between salaries (for example, between entertainers or sports figures and doctors, lawyers, etc.) is justifiable, especially in today's economy?
Russell Bishop's article, "What Myth Are You Stuck In?" http://www.huffingtonpost.com/russell-bishop/todays-economy-what-myth_b_168959.html