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Well, if it is to bring corporate pay in-line with worker pay, it's long overdue.
A good idea would be to impose humongous fines on those businesses where total exec compensation exceeds the lowest worker compensation by a certain multiple. 40x seems reasonable. What better way to motivate execs to pay their lowest workers a fair wage than to tie it to their total possible compensation? Want to increase your exec pay? You have to raise your base worker pay first. Can't do that? Then your exec doesn't deserve more pay. Simple as that.
I don't think that will work. Corporations can only write off $1 million dollars of a CEO's salary and many corps cap the CEO pay at a million, the bulk of the excessive salaries you hear about are tied to stock options. I don't really see any solution for America the Failure's problems.
Do you really need people to tell you for example what an employee at McDonalds makes flipping burgers?
No, but if I'm performing a securities analysis on, say, Textron, it might be useful information.
Specifically I think it's very interesting data for any firms that are service-oriented whose business model might be difficult to understand. I know off the top of my head, I'd want to see IBM vs. its competitors, for instance.
I personally think that should be up to the investors to vote thru at a stockholders meeting. I personally think it none of my business otherwise. Its just political spin to feed the maddening crowd on class warfare;IMO. It can be dnagerous as we often see so many acting on this if they are not stable enough and constantly see themselves as some type of victim. That is now Nazi portrayed the Jews remember.
I personally think that should be up to the investors to vote thru at a stockholders meeting. I personally think it none of my business otherwise. Its just political spin to feed the maddening crowd on class warfare;IMO. It can be dnagerous as we often see so many acting on this if they are not stable enough and constantly see themselves as some type of victim. That is now Nazi portrayed the Jews remember.
You're saying the Nazis forced greater salary disclosure on publicly traded firms?
I don't think that will work. Corporations can only write off $1 million dollars of a CEO's salary and many corps cap the CEO pay at a million, the bulk of the excessive salaries you hear about are tied to stock options. I don't really see any solution for America the Failure's problems.
The divorce papers filed by Jane Welch detail her husband's use of an $80,000 per month Manhattan apartment owned by the company, court-side seats to the New York Knicks and U.S. Open, seating at Wimbledon, box seats at Red Sox and Yankees baseball games, country club fees, security services and restaurant bills, according to the Times.
Imagine what he got when he was actually leading GE? All that is compensation and can be valued in dollars.
No, but if I'm performing a securities analysis on, say, Textron, it might be useful information.
Specifically I think it's very interesting data for any firms that are service-oriented whose business model might be difficult to understand. I know off the top of my head, I'd want to see IBM vs. its competitors, for instance.
No, salary expenses are part of the fiscal statements along with the number of employees.
No guessing involved.
Total expense / number employees = average employee cost..
No, salary expenses are part of the fiscal statements along with the number of employees.
No guessing involved.
Total expense / number employees = average employee cost..
They're not looking for the average, they're looking for the median.
Furthermore, employee cost and employee compensation aren't the same thing. I've seen HR people try and use that little trick before, but payroll taxes paid by the employer aren't a form of employee compensation.
Staffers have not been exempted from the law and they are required to make the disclosures. What Congress did was extend the deadline that such disclosures are to be available online from October, 2013 to 1/1/14.
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