IN response to your last post, Wilmac, about CEO salaries, golden parachutes, etc.

This is just board of director idiocy.

What you fail to mention is how many of those bonuses, etc. are being paid out by unprofitable companies.

There's not much of a correlation there between those CEO packages and the profitiablity of these companies. Many of them are already hurting, but are stuck paying out contract provisions that the CEO's negotiated when they became CEOs.

Greater corporate profits translate into a healthier economy. Who owns public companies? That's right, PEOPLE own public companies. Profits that are not reinvested in the business, or used to cover future expenses are paid out to PEOPLE in dividends. Guess what else? All walks of life can own stocks. Tax the corporations more, reduce the dividents, and PEOPLE have less money in their pockets. Less money in pocket means less spending. Less spending equals a weaker economy. Heavy corporate taxation is a double whammy.