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Old 06-28-2011, 07:32 PM
 
27,624 posts, read 21,125,541 times
Reputation: 11095

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Companies lobby to hide disparity in CEO, worker pay

WASHINGTON — One financial figure some big U.S. companies would rather keep secret is how much more their CEO makes than their typical worker.

A House committee Wednesday approved a bill that would repeal the disclosure requirement.

The vote was largely along partisan lines: Republicans supported repeal, angering Democrats.

http://community.seattletimes.nwsource.com/mobile/?type=story&id=2015420611& (broken link)


Gee, I wonder why Republicans are siding with the CEO's
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Old 06-28-2011, 07:36 PM
 
5,915 posts, read 4,813,075 times
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Quote:
Originally Posted by sickofnyc View Post
Gee, I wonder why Republicans are siding with the CEO's
Because they hire people when they expand their businesses.
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Old 06-28-2011, 07:37 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,389,283 times
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Quote:
Originally Posted by Kirdik View Post
Because they hire people when they expand their businesses.
In China
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Old 06-28-2011, 07:40 PM
 
27,624 posts, read 21,125,541 times
Reputation: 11095
Quote:
Originally Posted by Kirdik View Post
Because they hire people when they expand their businesses.
What would that have to do with disclosure??? Give me a break!

In 1970, average executive pay at the nation's top companies was 28 times average worker income, according to the Frydman-Molloy data and numbers provided by Emmanuel Saez at the University of California, Berkeley. By 2005, executive pay had jumped to 158 times that of the average worker.


Not beneficial to their image or reputation is it? This is exactly why the GOP is covering their puppetmaster's a$$es.
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Old 06-28-2011, 07:42 PM
 
5,915 posts, read 4,813,075 times
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Quote:
Originally Posted by burdell View Post
In China
Some do. So what? Let's make it less prohibitive to expand businesses here.
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Old 06-28-2011, 07:44 PM
 
6,137 posts, read 4,861,475 times
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Why is it anyone else's business what a private company pays their CEO...
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Old 06-28-2011, 07:45 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,389,283 times
Reputation: 40736
Quote:
Originally Posted by Kirdik View Post
Some do. So what? Let's make it less prohibitive to expand businesses here.
How? Eliminate minimum waqe so they can pay the $2200/year salary of an average Chinese worker?
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Old 06-28-2011, 07:47 PM
 
5,915 posts, read 4,813,075 times
Reputation: 1398
Quote:
Originally Posted by sickofnyc View Post
What would that have to do with disclosure??? Give me a break!

In 1970, average executive pay at the nation's top companies was 28 times average worker income, according to the Frydman-Molloy data and numbers provided by Emmanuel Saez at the University of California, Berkeley. By 2005, executive pay had jumped to 158 times that of the average worker.


Not beneficial to their image or reputation is it? This is exactly why the GOP is covering their puppetmaster's a$$es.
Why should you care? Why is class warfare so attractive to you?
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Old 06-28-2011, 07:48 PM
 
Location: Here
11,578 posts, read 13,948,459 times
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Oh look. Our daily"I hate the Wealthy" thread.
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Old 06-28-2011, 07:49 PM
 
5,915 posts, read 4,813,075 times
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Quote:
Originally Posted by burdell View Post
How? Eliminate minimum waqe so they can pay the $2200/year salary of an average Chinese worker?
Jobs that pay minimum wage don't go oversees.
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