Earlier quoted context omitted.
That's a pretty big claim. Any data to back it up?
You were aware that sitting politicians in the US are exempt from the laws against insider trading, weren't you?
I wasn't (but am not from USA); that's terrible.
How to throttle the FCC to dial up modem speeds
121–127 of 127 posts
Re: How to throttle the FCC to dial up modem speeds
#122Earlier quoted context omitted.
Lots of executives around the world make huge profits for their companies and employees, without collecting multimillion dollar salaries for themselves. Since being a millionaire is empirically not required for CEOs, their multimillion dollar salaries could be better used elsewhere.
If you see a company paying their executive too much, why not either: a) Offer to do their job for less. b) Start a competing company? With your lower costs you should have no trouble crushing them in the market.
Because people who're in a position to control company buying are falling over themselves to ensure justice in wages and make sure that people who're in a position to control company buying aren't being overpaid?
Re: How to throttle the FCC to dial up modem speeds
#123Earlier quoted context omitted.
If you see a company paying their executive too much, why not either: a) Offer to do their job for less. b) Start a competing company? With your lower costs you should have no trouble crushing them in the market.
Because people who're in a position to control company buying are falling over themselves to ensure justice in wages and make sure that people who're in a position to control company buying aren't being overpaid?
You're suggesting that most shareholders are more interested in perpetuating social injustice than they are in maximizing profits?
Re: How to throttle the FCC to dial up modem speeds
#124Earlier quoted context omitted.
Think bigger. What if Google implemented something like this to prove a point? This is a genius idea, it goes beyond your standard Internet activism which is usually words and no action.
Google would probably have a slightly more elegant solution than copypastaing an nginx config from Github.
Which is why I said, "implemented something like this" I didn't say implement this. I meant same idea, but done in a more Google way.
Re: How to throttle the FCC to dial up modem speeds
#125Earlier quoted context omitted.
>No, it means they would have to actually care about broadband competition in US and about abuses from the local monopolies, in order to get faster Internet No, it means they'll care even less because they'll be relegated to satellite only rural bullshit internet that has insanity latency, etc. They will not experience anything relating to Comcast/cable/DSL/telcos in any significant way because the truly out there ru…
Yep. My parents live a half hour outside Wilmington, NC, and they can't even get Hughes (satellite Internet). They currently pay $90/mo for 2gb of Verizon wireless data. Their only other choice is DirecTV's offering, which is priced similarly and also metered. On the other hand, my brother in Wilmington has Time Warner, and I can't even SSH out, at least with whatever default setup they hooked him up with.
My parents are in the same situation. I can ssh out but with 1500 mil latency a day at the console is pretty tough.
Re: How to throttle the FCC to dial up modem speeds
#126Earlier quoted context omitted.
Good luck attracting and retaining talent if you can't pay market prices for executives.
I doubt they should be so worried. Studies show no link between executive pay and executive performance: http://www.economist.com/blogs/graphicdetail/2012/02/focus-0
It doesn't matter, performance is not the only concern. Connections and domain knowledge are even more valuable. Let's say you're Amazon and you pay your CTO a respectable $250k/year. Along comes Microsoft or Google and offers him ten times as much. He's rational so he accepts and take with him all of Amazon's technical secrets to success. Even if there were national regulation capping executive pay in the US, other countries would hire away all of the top players with all their knowledge and connections. It would be a disaster. Is executive pay crazy? Yes, often. But the market supposedly is efficient and the pay is that high for rational reasons in many cases (not all!)
Re: How to throttle the FCC to dial up modem speeds
#127Earlier quoted context omitted.
>and corporate executives Sure why not, all they did is take money from willing people called customers. While we're at it let's add... Basketball, baseball, football, hockey, and soccer players, golfers, Hollywood stars, and successful book authors like Steven King. These people are so greedy because they make millions a year! All while their viewers/readers/hot dog venders/editors make so much less. It's not fair.…
The people who do/did the actual work to get those customers aren't the corporate executives, though: they're the engineers, janitors, sales team, etc. The executives in corporations are generally there because they have connections and/or a generational history of networking to serve as a very high ground from which to "bootstrap" or raise themselves. Not all; in fact some very wealthy owners and executives came fro…
A statistical model can't justify high salaries for executives, so it's not rational...so what?
The market has decided what an executive is worth and that's good enough for me. There is no better system. Markets can act irrational because it is the result of human behavior, which is often irrational.
Take all the irrationality out of humans and nothing of great achievement happens. No Eiffel Tower, Statue of Liberty, no Bugatti Veyron, no guys in squirrel suits flying down mountains....
Thanks, but I'll keep my free market with the penalty that some irrationality makes a few people here and there a little more wealthy than they deserve.