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Why are people so concerned about how much other people have in their pocketbooks? If you don't like earning a fraction of CEO pay start your own business.
Nobody cares what CEOs earn. They care what workers do NOT earn.
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From the report — “The company with the lowest-paid median worker is Yum China Holdings, whose median employee makes only $3,396 per year. Their median employee’s salary is so low because nearly all of their workers are in China, where worker pay is significantly lower than the United States.”
By the way, CEO is just another worker hired by the board.
Not what I meant.
What I meant is that there's a circle of people up top who decide how much to pay one another AND how much to pay other people.
I think that if they anonymously screened employees to ask what a fair distribution would be, they'd be quite surprised at the workers' determinations of what is fair and equitable.
And, I really do think the workers would be fairer than the CEOs.
I believe people often see this as CEOs vs fairly low-skill workers, but the reality is that there's a chasm between CEOs and some of their closest advisors who aren't quite in the C band at most companies.
And those types DO know what CEOs do and what it's worth.
__________________
When in doubt, check it out: FAQ
What I meant is that there's a circle of people up top who decide how much to pay one another AND how much to pay other people.
I think that if they anonymously screened employees to ask what a fair distribution would be, they'd be quite surprised at the workers' determinations of what is fair and equitable.
And, I really do think the workers would be fairer than the CEOs.
I believe people often see this as CEOs vs fairly low-skill workers, but the reality is that there's a chasm between CEOs and some of their closest advisors who aren't quite in the C band at most companies.
And those types DO know what CEOs do and what it's worth.
Yes, the group of people is called shareholders, owners, or shareholders appointed board of directors. The workers aren't owners of the company.
Should a contractor you hired to remodel your kitchen decide how much money your sons and daughters should inherit from you?
Let me repeat this again, workers aren't owners of the company. They have no say, legally or morally, in how the company or the shareholders decide to distribute the company funds or asset.
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