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16th April 2010, 02:10 PM
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Reps: 92,433,661,004,381,856 (power: 92,433,661,004,395) | | Originally Posted by Maynard Keenan  Saw a few days ago that average CEO pay has fallen to 9 million dollars per year. CEO pay as a multiple of average worker pay has skyrocketed. The share of income and wealth taken in by the top 0.1% and top 1% have gone way, way up. A vast majority of the past 30 years' economic growth has benefited only the very wealthy.
Exactly. Wages for the middle class have remained flat for the past decade or so. The people who don't need increases in wages are getting it, while the bread and butter of the American economy aren't. These are the results of Republicans running government. Tax cuts for the rich!!
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16th April 2010, 03:24 PM
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Reps: 4,721,502,636,953,411 (power: 4,721,502,636,966) | | Originally Posted by MattLangley "highly paid" is a very subjective thing.
it really isn't. it's comparative to the rest of the world. our ceo's are grotesquely overpaid in comparison to the number of times their pay is over the average worker compared to anywhere in the world. the rich are getting that way on the backs of the rest of us. |
16th April 2010, 03:24 PM
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16th April 2010, 03:45 PM
|  | Johnny Cash Conservative (est. 2003)
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Reps: 103,219,623,655,667,808 (power: 103,219,623,655,689) | | Originally Posted by Veritas Yeah, but because they are CEO's they are evil.
Would you please post your source. Thank you. Executive PayWatch: Trends in CEO Pay
Post a story for the CEO, take it in open arms.
Post a story against the CEO, you better have everything backed. And before you say this is an AFL-CIO site, the only reason I used them is because I'm still seeking the 1/14/10 WSJ article they cited which said that. Of course it is. To the person who makes less than the CEO, he's paid too much, right? In your mind, the CEO shouldn't be making more for running the company than the guy flipping burgers.
So you believe that a CEO is worth 500 to one employee? http://extremeinequality.org/?p=14
I personally think that a CEO pay of 75-100 employees to one is MORE than enough compensation for a CEO. In the 80's they were paid an average of 42 to one. But most of the conservatives here would definitely not mind a CEO pay of 1000, 2000, or even a million to one.
I find it funny that a few years ago, Republicans hounded me on this board telling me how bad of a person I was for being for raising the then minimum wage of $5.15/hr. because the minimum wage jobs weren't "worth" minimum wage. I throw it back on you all now. Is a CEO "worth" 400, 500, 1000 employees' pay?  |
16th April 2010, 04:27 PM
|  | blind squirrel
 
| | Join Date: 7th January 2003
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Reps: 420,789,245,205,130,112 (power: 420,789,245,205,150) | | Originally Posted by wpiman2 Yes- but who appoints the board?
I think it depends on each corporation's particular bylaws (although there may be state and national laws that affect it as well). Some corporations have a supervisory board that appoints the management board members, others may have the current board members appoint other members. While stockholders probably have to/get to approve the appointments, I don't think they usually determine or originate them in the large, public corporations.
Corrections welcome.
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16th April 2010, 04:39 PM
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Reps: 432,640,816,575,563,648 (power: 432,640,816,575,582) | | Originally Posted by Harpuia Executive PayWatch: Trends in CEO Pay
Post a story for the CEO, take it in open arms.
Post a story against the CEO, you better have everything backed. And before you say this is an AFL-CIO site, the only reason I used them is because I'm still seeking the 1/14/10 WSJ article they cited which said that.
So you believe that a CEO is worth 500 to one employee? Working Group on Extreme Inequality » Rein in Runaway CEO Pay
I personally think that a CEO pay of 75-100 employees to one is MORE than enough compensation for a CEO. In the 80's they were paid an average of 42 to one. But most of the conservatives here would definitely not mind a CEO pay of 1000, 2000, or even a million to one.
I find it funny that a few years ago, Republicans hounded me on this board telling me how bad of a person I was for being for raising the then minimum wage of $5.15/hr. because the minimum wage jobs weren't "worth" minimum wage. I throw it back on you all now. Is a CEO "worth" 400, 500, 1000 employees' pay?
CEO's are not paid based on anyone's personal opinion. The captialist marketplace and supply and demand dictate it. Hey, I'm not a rich CEO but I don't begrudge the person who is. His/her wealth does not make me any poorer or richer.
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16th April 2010, 05:03 PM
| | Johnny Cash Conservative (est. 2003)
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Reps: 103,219,623,655,667,808 (power: 103,219,623,655,689) | | Originally Posted by Veritas CEO's are not paid based on anyone's personal opinion. The captialist marketplace and supply and demand dictate it. Hey, I'm not a rich CEO but I don't begrudge the person who is. His/her wealth does not make me any poorer or richer.
I'm not a rich CEO either (but I am an owner of a small company). But when CEOs are being paid 500 employees to one, being one of the few jobs who's net pay has increased by leaps and bounds while the working class are having to work two jobs just to survive... something is not right in that picture.
Now, while I do believe that we could wait a while for the market to balance out on its own, I don't think that the greedy will allow that to happen without some sort of force on their end. |
16th April 2010, 05:45 PM
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Reps: 14,011,441,656,947,656 (power: 14,011,441,656,966) | | Originally Posted by Veritas CEO's are not paid based on anyone's personal opinion. The captialist marketplace and supply and demand dictate it. Hey, I'm not a rich CEO but I don't begrudge the person who is. His/her wealth does not make me any poorer or richer.
The CEO of my company, whom I like very much, sits on the board of a number of companies. A few of those company's CEOs sit on his board. Take that trend and branch it out. If you think for one second that there is collusion between them to raise salaries (I'll vote for yours if you vote for mine) you are hopelessly naive.
Now most CEOs are worth their salary. A good CEO can make a company. The problem I have is excessive pay for bad CEOs. That trend is a direct result of the board member club describe above. |
16th April 2010, 05:49 PM
|  | Social Democrat
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Reps: 64,578,830,746,833,040 (power: 64,578,830,746,843) | | | If we're going to have people claiming it's subjective what "rich" means, maybe we should try to put it in different terms than just wage.
What percentage of the population do you have to make more than to be considered "rich?" So if you make more than 50% of the population, you would be average. Where would a reasonable cutoff for "rich" be?
I'm curious to see what numbers people will pick, especially Wpiman. |
16th April 2010, 05:58 PM
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Reps: 14,011,441,656,947,656 (power: 14,011,441,656,966) | | Originally Posted by Umaro If we're going to have people claiming it's subjective what "rich" means, maybe we should try to put it in different terms than just wage.
What percentage of the population do you have to make more than to be considered "rich?" So if you make more than 50% of the population, you would be average. Where would a reasonable cutoff for "rich" be?
I'm curious to see what numbers people will pick, especially Wpiman.
I depends on where you live. I make more than 75% of people yet I am by no means rich. | | |
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