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You think that the fact that the gap between CEO/Executive pay and rank-and-file member pay has grown exponentially over the past 30 years is fair? I'd hate to see what you think unfair is.
yes, its fair.
verizon has a total stock value of about $95 billion. a good ceo can be responsible for increasing that say 5-10% per year. so shareholders are expecting that ceo to create wealth of $4.75-9.5 billion in a year. if they are able to do that, then paying that person $20 million isnt unreasonable.
any given employee cant possibly create the kind of wealth a successful ceo can create (or lose). so because of that, a few people will be worth a great sum of money.
verizon has a total stock value of about $95 billion. a good ceo can be responsible for increasing that say 5-10% per year. so shareholders are expecting that ceo to create wealth of $4.75-9.5 billion in a year. if they are able to do that, then paying that person $20 million isnt unreasonable.
any given employee cant possibly create the kind of wealth a successful ceo can create (or lose). so because of that, a few people will be worth a great sum of money.
i get that the CEO, and other execs, are valuable. But that doesn't change the fact that the gap between CEO and Employee has gotten wider, and wider. And I don't really hear any justification for that. The CEO can't create that growth without the employees, and the employees can't do it without the executive leadership.
The CEO can't create that growth without the employees, and the employees can't do it without the executive leadership.
but the regular employees are much more disposable than a ceo who can create large amounts of shareholder wealth. the best fios installer cant be worth more than a few thousand bucks more than an average fios installer (may be worth the same as far as i know, just using that for the concept).
but the regular employees are much more disposable than a ceo who can create large amounts of shareholder wealth. the best fios installer cant be worth more than a few thousand bucks more than an average fios installer (may be worth the same as far as i know, just using that for the concept).
Ding Ding DIng. If the exec boards of companies didnt think these guys provided value at their salaries, why would they pay them those salaries. Again, supply and demand.
Go ask Apple board and stockholders what they think Steve Jobs is worth. When it was reported a few years ago he had pancreatic cancer, the stock tanked something like 10%+ in a matter of SECONDS. The day it is announced that he is leaving the company, that stock will get a 20%+ haircut.
Also, read this today, stay classy striking Verizon workers...
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Quote:
Originally Posted by CaptainNJ
but the regular employees are much more disposable than a ceo who can create large amounts of shareholder wealth. the best fios installer cant be worth more than a few thousand bucks more than an average fios installer (may be worth the same as far as i know, just using that for the concept).
That's the modern attitude. I'm currently in an area where AT&T rules. Their customer service doesn't exist. They once came to my house when I wasn't home & hooked me up for service, leaving a note that it was hooked & ready for me to start using, & tried to argue with me for an hour when I called them & informed them that I had not ordered service from them & did not want it. 50% of the random people who I know who took their U-Verse service hate it & have had nothing but trouble. People are leaving them & will take service with anyone that is not AT&T.
I'm not sure how one would determine how many times perons A's salary is over person B's salary is "fair". Personally this has nothing to do with "fair". Companies decide how much to pay people. I don't think they are under any obligation to be "fair". If it is a public company the only obligation they should have is a fiduciary one to the shareholders.
If someone doesn't think they are getting paid what they are worth they should look for another job. That will be the ultimate validation. Find a job for more money and you were right. Can't find a job for more money and you were wrong.
Well said. I find, more times then not, people would rather stay in a situation and complain about it then actually try and find a solution.
If you are not happy where you are, with what you make or with the ebnefits you received try and find something better...the problem is that in the case of a lot of the union jobs...there is nothing better.
Quote:
Originally Posted by manderly6
I'm not sure how one would determine how many times perons A's salary is over person B's salary is "fair". Personally this has nothing to do with "fair". Companies decide how much to pay people. I don't think they are under any obligation to be "fair". If it is a public company the only obligation they should have is a fiduciary one to the shareholders.
If someone doesn't think they are getting paid what they are worth they should look for another job. That will be the ultimate validation. Find a job for more money and you were right. Can't find a job for more money and you were wrong.
Ding Ding DIng. If the exec boards of companies didnt think these guys provided value at their salaries, why would they pay them those salaries. Again, supply and demand.
Go ask Apple board and stockholders what they think Steve Jobs is worth. When it was reported a few years ago he had pancreatic cancer, the stock tanked something like 10%+ in a matter of SECONDS. The day it is announced that he is leaving the company, that stock will get a 20%+ haircut.
Also, read this today, stay classy striking Verizon workers...
I'm not sure how one would determine how many times perons A's salary is over person B's salary is "fair". Personally this has nothing to do with "fair". Companies decide how much to pay people. I don't think they are under any obligation to be "fair". If it is a public company the only obligation they should have is a fiduciary one to the shareholders.
If someone doesn't think they are getting paid what they are worth they should look for another job. That will be the ultimate validation. Find a job for more money and you were right. Can't find a job for more money and you were wrong.
yes, but you have to look at companies that choose to treat their employees well, even though that's not the typical mantra of a public company. many companies believe that treating their employees well with good salary and good benefits hurts the bottom line, yet there are companies out there that defy that. there was an article about how companies that treat their employees well were better able to survive the recession than those that don't and reacted by cutting pay, cutting hours, layoffs, etc. it's not conventional wisdom, but it seems to have some standing.
i just don't think it's as simple as people say. employment isn't purely supply and demand, because the employer holds most of the power. look at companies like Zappos and SAS.
Treating your employees like X will have a certain impact to your business.
Treating your employees like Y will have a cartain impact to your business.
Treating your employees like Z will have a cartain impact to your business.
There isn't going to be one right answer. Each company needs to decide the best strategy.
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