Reply to Where exactly does all the inflation money go?

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[quote=Anonymous]if you think its an army  of executives at cal maine raking it in, I'd direct you to page 26 of their most recent proxy. The 6 or so people in C suite at Cal Maine is making $400 - $1.2mm / yr. If the top 50 employees got paid $0, your eggs will not be any cheaper.

Or perhaps the most recent annual report where you will see that general and administrative expenses comprise 11% of egg sales, whereas the "cost of sales" (ie all the chickens/feed/etc) is equal to 81% of sales. If no one had to work at Cal Maine including all the laborers making little, maybe your eggs would be 10% cheaper.

one of the beautiful parts of American capitalism is that there's lots of publicly available information so we can test people's claims, including substance-less populists like Robert Reich who regularly spouts anti corporate one sided bullshit.

And we can even participate in "corporate greed" by buying little slices of companies.

https://www.bamsec.com/filing/114036122030205?cik=16160
https://www.bamsec.com/filing/156276222000297?cik=16160[/quote]

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