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Class warfare is real Math, no matter how much you guys wanna deny it. The guys on top are the ones that declared the damn war, not the working class. The working class just fell for all the bull**** like big tax cuts, gutting regulations, destroying their own unions and voting in right to work legislation because politicians make it sound so good.
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.
225 is less than 0.1% of the total companies in operation and while 14 Million workers sounds like a lot, it's only 9% of the total number of workers.
They obviously cherry-picked the data to skew it to achieve the results they wanted.
Like everything else, wages/salaries are based on the Supply & Demand of a specific Skill-set in a defined Labor Market.
The Demand for CEO's is so great, that the Labor Market is no longer limited to the US, as it's now Global, with a number of CEO's of US companies being foreign non-US citizens.
For those that think they can manage a global company for less, why aren't you?
Exactly. But we ALL know whiners will ALWAYS blame others instead of improving themselves.
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.
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.
High horses are bad. So are strawman arguments.
Few people have the capital to start a trucking company. The diesel emissions requirement testing alone put it out of reach for most.
CEO pay is disconnected from little things like... performance. Heads they win, tails they win. Golden parachutes and all. 50 million for Alan Mullaly, God bless and carry on, he saved the company. 500 million for Eddie Lampert... parasite. Yes both are extreme examples at different ends.
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.
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.
Ellison is a socialist, unfamiliar with capitalism.
Saying he 'released his study' is another word for he released his propaganda manifesto.
Boards decide CEO pay.
No one has a problem when a QB gets 96 million dollars.
Private business, good for them.
Obama loses 500 million taxpayer dollars, on a what was warned would be a bad investment, and in retrospect called it a good deal. classic federal view of taxpayer money wasted or squandered. Look at tom Coburn's book on government waste and that's where Ellison should be focusing.
Year after year sen Coburn and others have provided areas of government waste with no remediation by the federal agencies. In your face loss of taxpayer money, depriving targeted groups the money was intended to help.
Ellison is what is wrong with the way the government works. Allow the waste, complain about the waste and above all lie to promote your political agenda. the means justify the ends.
I do object to a CEO getting a 23 million dollar bonus when he destroys his company's reputation. That is a whole other matter and has nothing to do with redistributing the wealth like Ellison is promoting.
Do you actually know any CEO’s. I do and their life is not that demanding or stressful yet they reap the rewards. The COO’s actually run the daily operations.
I am onto my 6th CEO now.
Why aren’t you the CEO if it’s such a cozy and do nothing job?
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.
Are you saying all business owners are stupid?
They would hire a loser CEO from other companies to tune their own company?
Class warfare is real Math, no matter how much you guys wanna deny it. The guys on top are the ones that declared the damn war, not the working class. The working class just fell for all the bull**** like big tax cuts, gutting regulations, destroying their own unions and voting in right to work legislation because politicians make it sound so good.
This would be remotely true had not for 70% the wealthy lost their wealth by the third generation and 90% by the 4th.
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