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Let me know when a CEO can successfully flip burgers at a drive through?
The fact is they both need each other, you can't have a successful business without talented management and without employees doing menial jobs.
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Originally Posted by shooting4life
I guess their CEO is 354 times more valuable.
Let me know when the burger flipper, who can hardly get the order correct, can run a multi billion dollar business with over 34k stores in 120+ countries.
True, but divvying up $9M among store-level employees would still be inconsequential. And that's the point.
Its a flawed point because The OP's argument isnt just to divvy up the CEO's pay. The argument is that if you can afford to pay your CEO that much, you can indeed afford to pay your employees more.
But to better put your point into scope, the CEO of McDonalds does not make 9 million dollars. He makes 9 million in base pay. He makes another 4 million in direct bonuses.
McDonalds also has a board of directors, each of which all pull in over a million dollars in base pay.
But to better put your point into scope, the CEO of McDonalds does not make 9 million dollars. He makes 9 million in base pay. He makes another 4 million in direct bonuses.
McDonalds also has a board of directors, each of which all pull in over a million dollars in base pay.
And we do want to do that...don't we? After all the American CEO is just sooooo much smarter than the average American dumb worker - which is why they outsourced millions of good paying American jobs, to justify their multi-million dollar salaries - they just had to do it!
'McDonald's gave a $9 million dollar raise recently to their new CEO.
McDonald's can't afford paying their workers enough to climb out of poverty but just happened to find $9 million lying around to give to their CEO.
Worker's wages stagnate but for some reason CEO salaries go through the roof. No one who works full time should be poor.
yet these CEO's then proceed to lecture us about being lazy and how they can't afford raises this year, maybe next year, and the stock markets rise and the CEO salaries rise but the rest of us will just have to wait.
But the CEO never has to wait. He always gets his raise. Always.'
Chief executives of the nation's largest companies earned an average of $12.3 million in total pay last year -- 354 times more than a typical American worker, according to the AFL-CIO.
Its a flawed point because The OP's argument isnt just to divvy up the CEO's pay. The argument is that if you can afford to pay your CEO that much, you can indeed afford to pay your employees more.
But to better put your point into scope, the CEO of McDonalds does not make 9 million dollars. He makes 9 million in base pay. He makes another 4 million in direct bonuses.
McDonalds also has a board of directors, each of which all pull in over a million dollars in base pay.
I guarantee you the store owners of a franchised McDonalds earn far more as a share of revenue than the CEO of the entire corporation earns. His compensation of $9 million is a blip in relation to the total entity, and he's responsible for everything.
No we arent because we already established that we arent talking about a pay raise for everyone, just the lowest paid workers.
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