Congressman Ellison releases report/study on CEO pay (salaries, Dodd, lobbyist)

[desertdetroiter]

Damn...it’s just astonishing.

CEO’s in this country grab on average about 339 times the median pay (that’s an important distinction) of their workers. SMH

Ellison said the report, which includes data on nearly 14 million workers at 225 American companies, paints a dire picture of pay disparities in the U.S. For example, at 188 out of the 225 companies analyzed, a single CEO's salary could be used to pay more than 100 workers.

The analysis he released found that at 219 of the 225 companies, an average employee would need to work for more than 45 years to make what their CEO makes in one year.

At the toy manufacturing company Mattel, for instance, a median employee would have to work for 4,995 years - or 111 45-year careers - to make the same amount as its CEO's annual salary, according to the report. At McDonald's a median employee would have to work for 3,105 years - 69 45-year careers.

No wonder CEO’s fought so hard against the pay disclosure portion of Dodd-Frank.

Keith Ellison releases study showing CEOs average 339 times median worker's salary | TheHill

[Rakin]

It's private enterprise. Companies can pay whatever they feel like the executives warrant and their profits allow.

Did he include the huge salaries of all the overpaid Sports Athletes? Surely he has a problem with all those Blacks making such high salaries.

[Sydney123]

Life's a ***** and then you die.

[subaru5555]

Originally Posted by Rakin

Surely he has a problem with all those Blacks making such high salaries.

That’s quite the projection.

[BentBow]

Originally Posted by desertdetroiter

Damn...it’s just astonishing.

CEO’s in this country grab on average about 339 times the median pay (that’s an important distinction) of their workers. SMH



No wonder CEO’s fought so hard against the pay disclosure portion of Dodd-Frank.

Keith Ellison releases study showing CEOs average 339 times median worker's salary | TheHill

OK, we already knew he was a full bore COMMUNIST.


Let me guess, his idea is to take it from them by force.

[phma]

Go get them !!! Make them pay.
They write the laws with the lobbyist they hire and congress passes. Go get-M

[rupp-certified]

Originally Posted by Rakin

It's private enterprise. Companies can pay whatever they feel like the executives warrant and their profits allow.

Did he include the huge salaries of all the overpaid Sports Athletes? Surely he has a problem with all those Blacks making such high salaries.

Historically Ellison is more of a Jew-hater so it makes more sense to target CEOs.

[middle-aged mom]

CEOs of publicly held companies have one primary objective- increase shareholder value. What does employee compensation have to do with this?

Shareholders elect the Board of Directors.

The Board of Directors typically elects the CEO.

The Board of Directors appoints a Compensation Committee who determine C- Suite Comp packages.

[t206]

CEOs for the majority of the Fortune 100 and many of the Fortune 500 have full time security, cant easily go out in public, are on call 24x7, and give up their personal lives. Pay them all you want, you couldn't pay me enough. I've seen the lifestyle and its not for everyone.

[Buckeye77]

Most politicians steal more every year than the average CEO makes, so what's his point?