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Dude, those 4 or 5 shares you have in Billy Bob’s Greasy Burgers stock doesn’t entitle you to a voice. Let’s not bog this thread down in delusions of CD grandiosity.
We’re talking about people that punch way above your station in life. Let’s keep it that way.
Then buy more shares.
I am not sure why this is such a hard concept for people like you.
If an employee is not the shareholder, the employee is NOT the owner of the company, but merely a contractor hired by the company to perform certain tasks in exchange for money.
Unless the employee is a shareholder, the employee has no say in how the company chooses to distribute its money.
This is the same as a plumber you hired has no say in how you choose to spend your money.
Did anyone actually read the report or just the headline? The report just included the Fortune 500. Cherry picked for maximum outrage. While I agree some CEOs pay is out of control, they should at least be transparent that they’ve included just those at the very, very top of CEO earnings and ignored the rest of the CEOs in the US. If you included ALL CEOs, average earnings is 178K. But, that’s not nearly dramatic enough to fuel people’s envy and outrage.
Dude, those 4 or 5 shares you have in Billy Bob’s Greasy Burgers stock doesn’t entitle you to a voice. Let’s not bog this thread down in delusions of CD grandiosity.
We’re talking about people that punch way above your station in life. Let’s keep it that way.
GTFU.
Stop projecting your own sorry situation on others. Some of us invested wisely and can afford to live off of our investments.
Did anyone actually read the report or just the headline? The report just included the Fortune 500. Cherry picked for maximum outrage. While I agree some CEOs pay is out of control, they should at least be transparent that they’ve included just those at the very, very top of CEO earnings and ignored the rest of the CEOs in the US. If you included ALL CEOs, average earnings is 178K. But, that’s not nearly dramatic enough to fuel people’s envy and outrage.
Quote:
Originally Posted by shadowne
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.”
They included a company whose worker are nearly all in China but did not include Costco where a full time cashier makes nearly $60,000/yr.
Average CEO made 13.1mil
Average worker made 37,000
Average NBA player makes 6.4mil (including the scrubs and guys on rookie deals)
If you just consider NBA starters and include their endorsement income, you'd be well over the 13.1million figure and there are about as many NBA starters as there are CEO's in the study.
Why is it ok to pay someone that contributes to a companies success via their actions but not to compensate someone running a company and making critical decisions about it's direction?
Why does the usher, guy selling peanuts, woman taking tickets at the games make $10/hour or whatever when a star player is making 1/2million each game in pay and endorsements?
Answer: Because this is political grandstanding and CEO's are the easy target without really having to address the root cause of wage stagnation in the middle class.
Jesus Christ! It always comes down to those damn basketball players, doesn’t it!
Quote:
Originally Posted by lifeexplorer
Then buy more shares.
I am not sure why this is such a hard concept for people like you.
If an employee is not the shareholder, the employee is NOT the owner of the company, but merely a contractor hired by the company to perform certain tasks in exchange for money.
Unless the employee is a shareholder, the employee has no say in how the company chooses to distribute its money.
This is the same as a plumber you hired has no say in how you choose to spend your money.
Yeah man..nice story..
So as I was saying...what makes a CEO so much more valuable than they were in 1950 when they got 20 times an average worker’s salary?
Quote:
Originally Posted by shadowne
GTFU.
Stop projecting your own sorry situation on others. Some of us invested wisely and can afford to live off of our investments.
Oh GAWWWWWWD...here we go.
I’m well aware that everyone on CD is a multimillionaire...it comes with the username and password.
Now that we’ve gotten that outta the way, can you please come back to Earth? Hell, try the Milky Way galaxy first. We’ll do this in increments so as to help you.
The best-paid CEOs don’t necessarily run the best-performing companies. Corporate boards have tried for years to tie chief executive compensation to the results they deliver. The better the company and its shareholders do, the more the top boss should be paid, or so the pay-for-performance mantra goes. In reality, CEO pay and performance often don’t match up, and 2017 was no exception.
Among S&P 500 CEOs who got raises last year, the 10% who received the biggest pay increases scored—as a group—in the middle of the pack in terms of total shareholder return, according to a Wall Street Journal analysis of data from MyLogIQ LLC and Institutional Shareholder Services. Similarly, the 10% of companies posting the best total returns to shareholders scored in the middle of the pack in terms of CEO pay, the data show.
“Stars are often underpaid, while average performers are often overpaid,” said Herman Aguinis, a professor of management at George Washington University School of Business....
I think it's more of an executive culture. Pay packages are approved of by board members, who often times have been CEOs of major companies.
It seems to be more an executive culture type of thing.
Average CEO made 13.1mil
Average worker made 37,000
Average NBA player makes 6.4mil (including the scrubs and guys on rookie deals)
If you just consider NBA starters and include their endorsement income, you'd be well over the 13.1million figure and there are about as many NBA starters as there are CEO's in the study.
Why is it ok to pay someone that contributes to a companies success via their actions but not to compensate someone running a company and making critical decisions about it's direction?
Why does the usher, guy selling peanuts, woman taking tickets at the games make $10/hour or whatever when a star player is making 1/2million each game in pay and endorsements?
Answer: Because this is political grandstanding and CEO's are the easy target without really having to address the root cause of wage stagnation in the middle class.
NBA player pay risings with the profitability of the NBA...... people dont go to the games to see folks serve popcorn and be an usher.... they go to see a game.
Pro sports has exploded with popularity and profitability and the pay scale of athletes rises and falls with it. In the NBA, there's an issue where the player pay went up to high, too fast and it created an imbalance.
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