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I made the distinction between a publicly owned, such as a utility, and a publicly traded, which is own by share holders. Of course that doesn't matter to you, because you are trying to deflect from the original discussion.
no you didnt make a real distinction between a publicly owned company, and a publicly traded company. you suggested that the government has a say in what a publicly traded company does, and that isnt true. the CEO has to answer to the shareholders of a publicly traded company, not the government. and as long as the shareholders are happy with what the CEO does, then what does it matter what the CEOs compensation package is?
It is no different than when a competitor recruits you by paying you more than your current employer to work for them for you KSAs. Just done on a large scale. CEO pay is at the discretion of the Board for each corporation.
For those who think the CEOs should not be paid that high, I highly suggest you try their life a little and see if that one his worthy it. Try this one first: fly across the globe, attend meetings and fly back. Do that every day for a year.
You can't do their job, can you?
So mind your own business and enrich your own life with your work.
America, home of the brave, land of the economically disparate...
"In 1980, CEOs at S&P 500 companies made 42 times as much as their employees did on average, today they 354 times as much. In fact, there are many CEOs that make more than 1000 times what the average employees in their companies make.
65 percent of all American workers make less than $40,000 a year before taxes, and 40 percent make less than $20,000 a year, one out of every four American workers has a job that pays $10 an hour or less.
The top 7 percent of all U.S. households own 63 percent of all the wealth in the country, while according to numbers that were just released this week, 49.7 million Americans are living in poverty, a new all-time record high.
In America the wealthiest one percent have a greater net worth than the bottom 90 percent combined.
The 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
1.2 million students that attend public schools in America are homeless, that number has risen by 72 percent since the start of the last recession.
Nearly half of all public students in the United States come from low income homes.
America has a higher percentage of workers doing low wage work than any other major industrialized nation does.
CEOs try to justify their pay in comparison to sports or entertainment figures, the problem is, CEOs get rewarded all the time even when they perform poorly - can't say the same for the other group.
Actually they do not get rewarded for performing poorly. Most of the pay comes in stock dividends and deferred payments.
A CEO is one bad decision from ruining the stock and losing future payments.
When you see these lists that says a CEO makes $25 million a year only a couple million is cash. The rest only comes if he/she makes wise decisions. Plus, they have to wait on the non-cash part of their salary. Often for years, even decades. That means they get more. It's the same as charging interest for a car compared to paying less with cash.
And how does Bill Gates having wealth negatively affect you? It doesn't.
People that cry about wealth "inequality" should enroll in a basic economics class. Very basic.
no you didnt make a real distinction between a publicly owned company, and a publicly traded company. you suggested that the government has a say in what a publicly traded company does, and that isnt true. the CEO has to answer to the shareholders of a publicly traded company, not the government. and as long as the shareholders are happy with what the CEO does, then what does it matter what the CEOs compensation package is?
Yes, I did. Then again reading my post and responding with a legitimate response wasn't your intention.
Again, you really don't understand what how a publicly traded company operates. No, the government does not have say over day to day operations or even what what business is pursued and how, but they definitely do setup guidelines as to how they operate at a macro level. If the US government wants to implements controls on CEO pay it is well within their right and it has been upheld by the courts. They have done it before with general employee pay, it is about time they reign in executives that are robbing companies blind. Despite your wishes for a Koch brothers paradise the real world does not function the way you desire.
Yes, I did. Then again reading my post and responding with a legitimate response wasn't your intention.
Again, you really don't understand what how a publicly traded company operates. No, the government does not have say over day to day operations or even what what business is pursued and how, but they definitely do setup guidelines as to how they operate at a macro level. If the US government wants to implements controls on CEO pay it is well within their right and it has been upheld by the courts. They have done it before with general employee pay, it is about time they reign in executives that are robbing companies blind. Despite your wishes for a Koch brothers paradise the real world does not function the way you desire.
BTW, ever hear of a the shift key?
wrong, what the courts upheld was not a limit on CEO pay, but rather the amount of a CEOs pay that can be expensed off. the clinton administration limited that to $1million per year, which is why stock options became the perk for CEOs, among other things. the government still cannot tell a company what they can pay a CEO.
Yes, I did. Then again reading my post and responding with a legitimate response wasn't your intention.
Again, you really don't understand what how a publicly traded company operates. No, the government does not have say over day to day operations or even what what business is pursued and how, but they definitely do setup guidelines as to how they operate at a macro level. If the US government wants to implements controls on CEO pay it is well within their right and it has been upheld by the courts. They have done it before with general employee pay, it is about time they reign in executives that are robbing companies blind. Despite your wishes for a Koch brothers paradise the real world does not function the way you desire.
BTW, ever hear of a the shift key?
No the government has no right to tell a private company how to compensate their employees. If you want that, move to Korea as it is the only part of the world that operates this way.
Do you really want the government to tell you how much you should make?
no you didnt make a real distinction between a publicly owned company, and a publicly traded company. you suggested that the government has a say in what a publicly traded company does, and that isnt true.the CEO has to answer to the shareholders of a publicly traded company, not the government. and as long as the shareholders are happy with what the CEO does, then what does it matter what the CEOs compensation package is?
Govt has a big say-so, especially when they are shareholders. Not only do they regulate, but they are also more importantly, controlling shareholder. They use proxy voting through corporate governance. Go look at who those "institutional" investors are. Govt investment funds are the largest on earth.
Yep, the CEOs and all rich people are doing great with Obama as president.
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