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Old 05-18-2018, 11:55 AM
 
26,694 posts, read 14,456,085 times
Reputation: 8094

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Quote:
Originally Posted by EddieB.Good View Post
First, professional athletes have the employee-employer relationship that every company should have. They are represented by a union, they force the distribution of profits between management and workers. That's what a functioning employee-employer relationship looks like. If professional athletes were treated the same way as everyday workers, they'd be making $80,000 a year while mgmt pocketed the lionshare of increase revenue.

The difference between athletes and CEOs, is that athletes get paid can run cir to Valley they bring to organization. A CEO that crapped the bed at one company, would just get another job as a another highly paid executive somewhere else. That's the complete opposite of being paid commensurate to your value.
Please name one incompetent CEO from the F500 and state your reasons.
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Old 05-18-2018, 11:55 AM
 
Location: Living rent free in your head
42,710 posts, read 25,867,327 times
Reputation: 33793
Quote:
Originally Posted by lifeexplorer View Post
Define "large company" please.
Why didn't you look it up for yourself?

"According to the SBA, some manufacturing companies can have up to 1,500 employees and still be determined to be small businesses. In mining, large businesses are those that have 500 or more employees. In the construction industry, heavy construction contractors and general building contractors have a large business if there are annual receipts of $33.5 million, while dredging companies with average annual receipts of $20 million or less are small businesses, and specialty trade contractors have a small business if the average annual receipts are $14 million or less.

The annual receipt allowance is larger In the construction industry overall because the SBA takes overhead costs into account. The highest annual receipt size allowed for some small businesses in a service industry is $35.5 million. Such service industries include architectural or engineering services.

Businesses engaged in research and development or in environmental service are the only types of service businesses in which the government considers employee size to determine if a business is large or small. Most retail companies are large businesses if annual receipts average $7 million or more, but a car dealer, an electrical appliance dealer, or a grocery store may be a small business if it has $35.5 million or less in average annual receipts."


more here: What Determines Small Business vs. Large Business? | Chron.com
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Old 05-18-2018, 12:05 PM
 
13,682 posts, read 5,443,865 times
Reputation: 8403
Quote:
Originally Posted by EddieB.Good View Post
First of all, the big difference between CEO pay and athletes pay is that the market is actually working to dictate what the athletes make. These are literally the best people in the world at their job. You couldn't hold an open casting and get the same production with someone that you could pay less. That's not the same with the CEO and the lot of highly paid Executives. They get where they are from connections not from sheer talent.

The networking game that people play to get ahead is the complete opposite of how athletes earn their pay.
The market dictates what CEOs make and does so far more reliably than it does for athletes. Also, CEOs have much more brutal, efficient and timely feedback loops when their performance degrades than most athletes. Go to a shareholder meeting or sit in on earnings call with investors some time. It makes what an athlete suffers during a slump seem like a party.

The market is brutal to CEOs, moreso than any other job title, with CFO coming in a decently distant second. When these folks have slumps, the shareholders/BoD/street give them a couple months, sometimes only weeks, to get it sorted or they are bounced. The higher the profile of the company, the more brutal the CEO is treated. And unlike athletes, there is no "off season" for a CEO, nor are there off-days.

One of our culture's biggest self-lies is how they look at LeBron and know for a fact they can't do what he does, but look at the CEO of a global multinational and figure "eh, how hard can it be?" Complete, absolute ignorance about what a CEO does for a living.
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Old 05-18-2018, 12:10 PM
 
Location: the very edge of the continent
88,521 posts, read 44,230,479 times
Reputation: 13496
Quote:
Originally Posted by Ringo1 View Post
Why should taxpayers pay for a Walmart employee's food stamps when their CEO is making 35 million?
They shouldn't. The low-paid (read: no/low skill) Walmart employees need to make changes to their lifestyle to live within their means. Their sense of entitlement is too high.
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Old 05-18-2018, 01:31 PM
 
Location: Chicago, IL
9,701 posts, read 5,077,191 times
Reputation: 4270
Quote:
Originally Posted by lifeexplorer View Post
Are you saying all business owners are stupid?

They would hire a loser CEO from other companies to tune their own company?
Did I say they were stupid? In most cases they aren't. In some cases they are bc they inherited the business. Doesn't matter bc that strawman had nothing to do with my point.

Quote:
Originally Posted by Mathguy View Post
Your entire point hinges on your unsupported claim that the entire CEO universe across a diverse array of industries, companies, sizes is devoid of competition.

Hey, let's start with Steve Wynn who until stepping down recently over sexual harassment allegations was one of the highest paid CEO's.

Tell me exactly how this fits your narrative.

Up next....Warren Buffett.....
Sure. True or false, one businesses objective is to get services at the lowest price point? What services did he bring to his company that could not have been achieved by someone at a lower wage? And what efforts did the board make to find the cheapest option that's qualified to do that?

That's the difference between a pro sports organization paying players and a F500 company paying CEOs. The pro athletes are actually getting paid the minimum it would take for that position to be filled. Meanwhile, you could cut practically any CEOs salary by a 30% and find a qualified replacement by the end of the week.

Quote:
Originally Posted by lifeexplorer View Post
Please name one incompetent CEO from the F500 and state your reasons.
Being incompetent has nothing to do with my point, but I guarantee that the Trump Org could have found someone more qualified for cheaper than they're paying Eric and Don Jr.
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Old 05-18-2018, 01:35 PM
 
Location: Chicago, IL
9,701 posts, read 5,077,191 times
Reputation: 4270
Quote:
Originally Posted by Volobjectitarian View Post
The market dictates what CEOs make and does so far more reliably than it does for athletes. Also, CEOs have much more brutal, efficient and timely feedback loops when their performance degrades than most athletes. Go to a shareholder meeting or sit in on earnings call with investors some time. It makes what an athlete suffers during a slump seem like a party.

The market is brutal to CEOs, moreso than any other job title, with CFO coming in a decently distant second. When these folks have slumps, the shareholders/BoD/street give them a couple months, sometimes only weeks, to get it sorted or they are bounced. The higher the profile of the company, the more brutal the CEO is treated. And unlike athletes, there is no "off season" for a CEO, nor are there off-days.

One of our culture's biggest self-lies is how they look at LeBron and know for a fact they can't do what he does, but look at the CEO of a global multinational and figure "eh, how hard can it be?" Complete, absolute ignorance about what a CEO does for a living.
What efforts do boards take to find the cheapest option to fill the role? Bc pro sports teams do that.
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Old 05-18-2018, 01:53 PM
 
57,022 posts, read 34,991,358 times
Reputation: 18824
Quote:
Originally Posted by finalmove View Post
What my wife makes is no business of yours.
Oh Lord...now CD member’s wives are CEO’s.
Quote:
Originally Posted by finalmove View Post
Being angry and resentful because you haven't done well sounds like a personal problem.

Instead of driving a truck, you could have started a trucking company. Blame your parents.
Driving a truck? Ummm...I’m a PM at a defense contractor.

The only truck I drive is my Tundra every now and then.


Quote:
Originally Posted by InformedConsent View Post
Only 225 companies were analyzed? That's not even half of the Fortune 500. Too much cherry picking for the results to be valid. BS "study."
The study was excellent and comprehensive. No cherry picking.
Quote:
Originally Posted by PullMyFinger View Post
Keith Ellison. The Muslim with the white bread name. Doesn’t have the balls to use his Allah name.
Nearly every African American in this country...over 30 million of them, have white bread names (unfortunately), and you don’t like THEM either.

So what difference does his name make? Even if he did use his “Allah name” (one of the dumbest things I’ve ever heard), what would you do about it?
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Old 05-18-2018, 01:55 PM
 
57,022 posts, read 34,991,358 times
Reputation: 18824
Quote:
Originally Posted by EddieB.Good View Post
What efforts do boards take to find the cheapest option to fill the role? Bc pro sports teams do that.
They make no efforts to do that. They don’t have an incentive to. The more they pay him, the more they can push up their own pay.
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Old 05-18-2018, 02:06 PM
 
13,682 posts, read 5,443,865 times
Reputation: 8403
Quote:
Originally Posted by EddieB.Good View Post
What efforts do boards take to find the cheapest option to fill the role? Bc pro sports teams do that.
No, pro-sports teams seek the most VALUE for every position such that they can defeat their competition. Some define value differently than others, but all spend relative to what they think the ROI will be on any given player over the lifetime of whatever contract terms they agree to.

Sometimes cheaper does win, but lots of times, more expensive wins. Just ask the Yankees.
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Old 05-18-2018, 02:14 PM
 
25,727 posts, read 16,340,902 times
Reputation: 15913
Quote:
Originally Posted by desertdetroiter View Post
Oh Lord...now CD member’s wives are CEO’s.

Driving a truck? Ummm...I’m a PM at a defense contractor.

The only truck I drive is my Tundra every now and then.



The study was excellent and comprehensive. No cherry picking.


Nearly every African American in this country...over 30 million of them, have white bread names (unfortunately), and you don’t like THEM either.

So what difference does his name make? Even if he did use his “Allah name” (one of the dumbest things I’ve ever heard), what would you do about it?
I would respect him for being honest and not sticking with a name that is more elect able.
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