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I was talking about publicly traded corporations the other poster was trying to divide the average salary of fortune 100 CEOs into the 7.8 million businesses that hire at least one employee. THAT is the argument I was referring to.
Why? How do businesses that have employees not have a CEO?
So... 12 out of the 7.4 million U.S. companies pay their CEOs very highly. Not quite the standard or problem you and others seem to want to think it is.
It's like beating a dead horse, but.....the average ratio is 300:1. Maybe you need to turn the equation around and look at it from a different angle. How is it possible for 7.4 million businesses to all have a CEO, and the average ratio is averaged out to just below the top 12 businesses, and why?
That's sort of like saying 1000 students took a test. The average score was 9 out of 10, but 998 students got a score of 2 or below. Don't you have to ask yourself how high the score had to have been for those two students if the average score is 9 out of 10 when everyone else's score is only 2?
In this case, it's the top 12 that are skewing the average CEO payout of all proportion and this wouldn't be a problem except those are the companies that employ most of the people in this country. The other businesses may as well not even exist for all they matter to the economy of the US.
Again, that list is all over the place. You can't compare a corporation like Boeing to McDonald's, for example. One is a corporation where the majority of employees get paid in excess of eighty thousand a year or more and the other is a corporation where the majority of employees get paid minimum wage.
Online businesses and owner run businesses like contractors, plumbers, electricians, etc.
Why are their owners' not CEOs? Are they not the chief executive officer? Their names are filed with their respectuve business licensing authorities. For example, friends of mine are 3 brothers who own a small printing company and employ 26 people. One brother is the CEO, another the CFO, and the third the COO.
It's like beating a dead horse, but.....the average ratio is 300:1.
It's like beating a dead horse, but... why don't you look up the actual facts? Even the Fortune 100 (yes, the top 100 revenue-producing corporations) has an average of 163:1, almost half what you suggest, and the rest of the 7.4 million corporations with employees pulls it down significantly lower than that.
Welfare should be a minimal living, bulk food and housing. a able body person should have to work for their welfare so it will be an incentive to better themselves.
Why are their owners' not CEOs? Are they not the chief executive officer? Their names are filed with their respectuve business licensing authorities. For example, friends of mine are 3 brothers who own a small printing company and employ 26 people. One brother is the CEO, another the CFO, and the third the COO.
I suppose you could have your own business with 5 employees and give them any title you want. If that's what floats your boat, go for it.
Quote:
Originally Posted by Roaddog
Welfare should be a minimal living, bulk food and housing. a able body person should have to work for their welfare so it will be an incentive to better themselves.
Most people on welfare do work. You don't know much about welfare, do you?
It's like beating a dead horse, but... why don't you look up the actual facts? Even the Fortune 100 (yes, the top 100 revenue-producing corporations) has an average of 163:1, almost half what you suggest, and the rest of the 7.4 million corporations with employees pulls it down significantly lower than that.
Please don't mindlessly believe deceptively manipulative propaganda sound bites. That just makes one a puppet. Think for yourself.
what would be more informative for people is that they should recognize that CEO's arent where a lot of the money goes. Heres a interesting reference point:
Take the top 500 CEO's, and combine their income.
Take the top 3 hedge fund managers, and combine their income.
Guess who makes more? The hedge fund managers. 3 of them make more then the top 500 ceo's....combined.
CEO's DO make some bloated incomes....but its chicken feed compared to hedge fund managers, and the people who actually own the stock.
That's why attacking corporate profits and/or advocating higher corporate tax rates is a remarkably self-sabotaging position for many to take. It is stunning that many don't realize this.
It's like beating a dead horse, but... why don't you look up the actual facts? Even the Fortune 100 (yes, the top 100 revenue-producing corporations) has an average of 163:1, almost half what you suggest, and the rest of the 7.4 million corporations with employees pulls it down significantly lower than that.
Please don't mindlessly believe deceptively manipulative propaganda sound bites. That just makes one a puppet. Think for yourself.
You made this claim about 163:1 before and used this as your source: Fortune 100 CEO's to Employee Income Compared But I don't see where they stated the "average" is 163:1. Did you calculate that yourself? Is it the mean or the median? The reason I ask is because this study reveals something quite different and states that:
"CEO-to-worker compensation ratio in 2014 had recovered to 303.4-to-1, a rise of 107.6 since 2009 To arrive at that CEO compensation reported in Table 1, as well as throughout the rest of the report, is the average compensation of the CEOs in the 350 publicly owned U.S. firms (i.e., firms that sell stock on the open market) with the largest revenue each year."
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