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"It's a waste of shareholder value to greatly overpay someone that much."
Oh really? So, you know better than the market?
Considering the revolving door in corporate leadership and the intermingled board setups, CEO is not market driven. The number of terrible CEOs that keep being CEO of something illustrates this.
Quote:
Originally Posted by mizzourah2006
CEO Salary has not risen by that much. CEO total compensation has, most of which is in the form of stock options.
Shareholders should be more upset about this than employees. Most are paid directly in stock options, which dilutes shareholder value. It has no impact on the business at all.
Average CEO Salary for the fortune 500 is 3.5 million.
Let's not even get started on the culture of shortsightedness this has bred. What's even more of a ripoff for shareholders than CEO compensation is the way it causes them to behave. Centuries have shown long term plans > short term, yet short term plans get the CEO better pay. Which road do they tend to prefer?
You're conveniently ignoring the fact that low oil prices make hard to get oil not profitable to even get out of the ground.
Low oil prices are caused by over, imprudent drilling. But the drillers and Bankers who underright this nonsense don't care. They get their $billions up front. Just like the housing bubble morphed into a new form. Of course at the end the shalers go bellyup and the workers loser their jobs once again.
Yep. the rank and file, in white collar America, who are not unionized, most of the time, have no leg to stand on, and no bargaining agreement to work through. This is what Amerika is. Mind you, I'm NOT TURNING THIS INTO A UNION vs. NON-UNION discussion. I am not. I am not. I repeat, NOT turning this into a pro-union discussion. I'm white collar, lower level, and non-union. But the point is that there is no other way for a non-union person to get their pay up, other than the usual mediocre cost of inflation adjustment, if you even get that.
Meanwhile, CEO's get huge bonuses even if the company doesn't perform. Often times, no more educated or qualified.
Yep. the rank and file, in white collar America, who are not unionized, most of the time, have no leg to stand on, and no bargaining agreement to work through. This is what Amerika is. Mind you, I'm NOT TURNING THIS INTO A UNION vs. NON-UNION discussion. I am not. I am not. I repeat, NOT turning this into a pro-union discussion. I'm white collar, lower level, and non-union. But the point is that there is no other way for a non-union person to get their pay up, other than the usual mediocre cost of inflation adjustment, if you even get that.
Meanwhile, CEO's get huge bonuses even if the company doesn't perform. Often times, no more educated or qualified.
Divide and conquer. Worked brilliantly for big business.
It's globalization that's killing millennials. In a global economy, everyone makes Bangladesh wages.
Political change to fix the situation won't happen until the Boomers start dying off. The Boomers grew up in an era when a high school diploma could get one a good middle class job. That's unthinkable today. Even a college degree is no guarantee.
It's globalization that's killing millennials. In a global economy, everyone makes Bangladesh wages.
Political change to fix the situation won't happen until the Boomers start dying off. The Boomers grew up in an era when a high school diploma could get one a good middle class job. That's unthinkable today. Even a college degree is no guarantee.
It is globalization made simple for the Oligarchs. The Central Banks have the Oligarchs unlimited free money to build new factories wherever they could find slave labor. In essence, workers were forced to finance the destruction of their v own jobs.
Bill Gates is giving away his stock. He's been retired for some time. He doesn't even own much of MSFT anymore, as he's been quietly selling it for years and shift those funds elsewhere.
As of Feb 5, 2016 (Last Friday) Bill Gates is the second largest holder of Microsoft stock with about 207 Million shares that is today valued at about $10.4 Billion, seems fairly significant to me. It also earns him about $74M per quarter in dividends, or $298M per year in dividends. The only person with more than him is Steve Ballmer with 333+ Million shares. In contrast, the current Microsoft CEO, Satya Nadella holds a relatively paltry 1.3M+ shares.
Fun fact, Bill Gates also holds more shares than 7 of the 10 largest institutional holders of Microsoft stock.
Last edited by t206; 02-12-2016 at 11:10 AM..
Reason: Math
It sounds like a case of jealously and envy. For any company I hold stock in, I want the best CEO money can buy.
The purpose of a corporation is to maximize my share value, nothing else. That is capitalism at its core.
For someone to get to the CEO level, they have generally worked harder, gotten more education, and sacrificed more than the average Joe. Many only get paid if their companies perform, so there is a huge risk on their part. This is a risk the average person will not take. Try telling your wife that you only get paid if your company and all its employees can increase the bottom line.
I think a discussion on equality of effort and risk is more appropriate than the inane income inequality drivel the socialist keep spouting.
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