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I think it's because the gap in pay has widened. Executive pay has skyrocketed due to offshoring and globalism while worker pay has stagnated. The affects of offshoring and globalism didn't trickle down to all workers in a company.
CEO salary to worker salary used to be under 100:1
I think now it's somewhere in the range of 500:1
Workers get salary cuts, no raises, frozen/terminated pensions, suspended 401K contributions while the CEO walks away with a $10-$20 million salary and either stock or bonus money.
Some of the posters say that the CEOs 'deserve' to make 500 times the average worker's pay. What a joke. Most of those so-called geniuses are making average calls, and are no smarter than the average worker. They seem to think they deserve the money... that they are royalty of some sort. Well, as long as Americans just go along with this farce, then Americans will lose jobs and productivity in order to support the 'royal class'. European and Canadian CEOs make 20 times less than American CEOs, and Japanese CEOs make 40 times less. Those countrys' citizens are obviously doing a better job of containing runaway greed than we are.
Some of the posters say that the CEOs 'deserve' to make 500 times the average worker's pay. What a joke. Most of those so-called geniuses are making average calls, and are no smarter than the average worker. They seem to think they deserve the money... that they are royalty of some sort. Well, as long as Americans just go along with this farce, then Americans will lose jobs and productivity in order to support the 'royal class'. European and Canadian CEOs make 20 times less than American CEOs, and Japanese CEOs make 40 times less. Those countrys' citizens are obviously doing a better job of containing runaway greed than we are.
How do you know that they are just making average calls, are you working along side them or are you just guessing.
How do you know that they are just making average calls, are you working along side them or are you just guessing.
Sears CEOs made 'brilliant' decisions, ie, let's break the store into little stores, then later, let's put everything back into one store, then let's buy Land's End and run it into the ground. Quaker Oats CEO overpays for Snapple, then sold for a huge loss. Carly Fiorini ran HP into the ground. The list goes one. I wasn't at that level, but I was at a professional level, and there are hundreds of workers making a fraction of their salaries who are smarter and would make better decisions.
I think it's because the gap in pay has widened. Executive pay has skyrocketed due to offshoring and globalism while worker pay has stagnated. The affects of offshoring and globalism didn't trickle down to all workers in a company.
CEO salary to worker salary used to be under 100:1
I think now it's somewhere in the range of 500:1
Workers get salary cuts, no raises, frozen/terminated pensions, suspended 401K contributions while the CEO walks away with a $10-$20 million salary and either stock or bonus money.
This is my biggest objection to CEO pay. They send the middle class jobs overseas and get rewarded for it. Plus the huge discrepency between average middle class pay and CEO pay. Where did this all go wrong?
Some of the posters say that the CEOs 'deserve' to make 500 times the average worker's pay. What a joke. Most of those so-called geniuses are making average calls, and are no smarter than the average worker. They seem to think they deserve the money... that they are royalty of some sort. Well, as long as Americans just go along with this farce, then Americans will lose jobs and productivity in order to support the 'royal class'. European and Canadian CEOs make 20 times less than American CEOs, and Japanese CEOs make 40 times less. Those countrys' citizens are obviously doing a better job of containing runaway greed than we are.
The Obama needs to put some of those average wrokers on the housing plan to figure out the worth of those toxic assets. Oh;I forgeot ;they can't even read a mortgage they are so dumb;can't have it both ways.
Yup, while the repubs will scream about the cost of Michelle's shoes they will do a 180 and defend the fact that executives make(not earn, make) 400 to 500% more than the average worker. In the 1950's to 70's they earned 30 to 40% more (and the economy was MUCH better).
The average workers wages have stagnated or gone down (notice the economy???).
Are the repubs implying that executives work harder than anyone else?
We KNOW that's not true.
Have they noticed what that discrepancy does to our economy? No.
If most of the money goes to the top there's not much left over to keep the economy going.
NO, the uber wealthy do NOT and HAVE NOT created more jobs.
Small and middle size companies do that.
NO human EARNS 500 million or a billion dollars a year.
They can trot out their trite bumper sticker about class envy but the FACTS show the economy does better when the wage difference is much smaller.
In the 1950's to 70's they earned 30 to 40% more (and the economy was MUCH better).
That's just naive. You folks like cell phones, computers, cars, boats.. etc but you don't want to compensate the people for those inventions and ideas. When you turn your garage into a multi billion dollar industry employing thousands and connecting the entire world then you can come out and project rhetoric on other people...
You don't seriously think the 70's were good times do you... Better than now or the past 3 decades?
In 1993, Walt Disney CEO Michael Eisner took home $203 million. An outraged Business Week called that sum the most any CEO "has made in a single year - or probably in an entire career in the history of American business."
Four years later, Mr. Eisner took home even more. He cashed out a stash of stock options and cleared $565 million, the "biggest payday for an executive in history," The Washington Post exclaimed.
These days, that $565 million payday almost seems ordinary. In 2007, the financial world's top 50 hedge fund managers averaged $581 million each.
That pay at the bottom desperately needs raising. Average Americans today, after adjusting for inflation, are making less in weekly wages than they made back in the 1970s.
And that's no accident. For three decades now, America's corporate aristocrats have "performed" - and pocketed personal fortunes - by attacking the well-being of average Americans. Over those years, they've downsized workers and outsourced jobs. They've gutted pensions and benefits. They've hollowed out our middle class.
I dont know if I should laugh at this or cry.
For decades and almost 2 centuries Americans can make what they want.
I dont tell you what your cap is, nor should the government.
The only word I can use to describe this idealogy is SOCIALISM, Tyranny and or maybe just immoral. I make 90k a year and DO YOU KNOW WHO IN THE HELL PAYS ME THAT!!!! The guy making the 530 million!!! Money doesnt grow on trees and business makes money to grow and employ people that is how it works. It doesnt always protect every job but it creates jobs more then we lose jobs. Maybe if the government wasnt to busy creating laws to benefit or punish business you might have more jobs at home in this country. Honestly filling the heads of Americans that the solution is government and caps on salary is just plain oppression and bad for everyone. If anyone I will be losing my job because of government federal laws on consultants and contracts at businesses. Of course this is another example of the already stupid ideas government is so ready to enforce because of "fairness"
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