How'd You Feel If Your Boss Made $486 For Every Dollar You Make?

[jimbo]

I didn't say they don't work hard. But that work has little to do with what the corporation produces and its ultimate success in doing so.

It has everything to do with what the corporation produces and the ultimate success. Do you think that some line wrench turner decides what the company produces? They don't even buy their own wrenches. Someone at the very top makes top tier decisions and makes top bucks decides on new products. The reverse is also true. Bad decisions can cost billions. Think BetaMax, Edsel, Fordlandia. The new Coke.

 

[CommunityStanda]

A big part of what's wrong with America is that so many people believe that if others have what they want then government should step in and reallocate stuff.

America is a land of great opportunity for those who seek opportunity. If, however, you choose to lament the fact that you don't have the same opportunity as others then you will never find those opportunities.

Liberals are just too lazy to do it and they use it as an excuse to sponge off of the hard working Americans.

 

[pamak]

Martin Winterkorn disagrees.

He was the CEO of Volkswagen. He chose poorly. Now he is indicted in two countries.

Nope!

Let's not confuse poor economic policies with financial cost which are protected by limited liability laws from breaking the law. The latter is not protected by any law (in theory at least because in practice...see end of post). The point is that all these guys who claim "personal responsibility" when it is about $486 for every dollar earned by the average worker, are the same guys who bail out with golden parachutes worth millions of dollars when they tank the global economy.

Bank Got Bailout, CEO Got Golden Parachute — ProPublica



CEOs lay off thousands, rake in millions - Business - US business | NBC News



And the same guys who increase their private wealth by claiming a big percentage of the profits when thing go well, claim limited liability and their private wealth is shielded by their decisions when they destroy whole economies.








By the way, do you know any of the CEOs going to prison for the loan or credit default swap corrupt policies?

What about when they got Elion Musk manipulating stock y spreading false rumors? He just got away with a small fine!

Elon Musk's $20 million SEC fine is less than 0.1% of his net worth

What abut Purdue's practices of lying about the addictive risk of using Oxycotin?

Purdue Pharma, maker of OxyContin, settles opioids lawsuit in Oklahoma

What about Well Fargo's creation of false accounts?

Wells Fargo settles for $575 million in fake accounts case

If the worst case scenario for the fraud of decision makers is a fine which is often insignificant compared to the profits a company makes, and the cost is actually shared by everybody (including the consumers of a corporation), people should not try to argue that personal responsibility can explain the difference between the wages of the CEOs and the average worker.

 

[Moderate Right]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

View attachment 67254742

I would work harder to be more like him.

 

[gdgyva]

People like me? I have given no opinion on other high paying professions.

CEO's are not special. They are also the ones most responsible for the failure of corporations. And their failures hurt the lowest level employees, while the failed CEO most often walks away with more compensation for failure than your lowest wage earner makes in a lifetime. Just give me one example of a poor suffering CEO who paid for their failure and maybe I will try to squeeze out a little sympathy. That other professions are overpaid is irrelevant. If an athlete/singer/movie star fails it doesn't cause massive job losses and they don't get government bailouts.

who said life was fair....

and who said who could change the rules because YOU dont like them?

 

[Gondwanaland]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

View attachment 67254742

Like maybe I should work hard to become a boss?

 

[Thoreau72]

The TV news reported last night that one of the Disney heirs, a woman, has spoken out against the disparity in wages at Disney Corporation.

Bravo, another wealthy woman with a conscience stands tall. :cheers:

 

[vanceen]

They are legally protected from personal liability. That is how corporations work. Most CEO's are hired guns who easily move on.

That's incorrect. Corporations limit the liability for shareholders, not employees. Managers are fully liable for civil or criminal wrongdoing.

 

[marke]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

View attachment 67254742

Marxists have no concept of what merit pay is all about and how such ideas as that made America the best nation on earth for peace and prosperity.

 

[Birdzeye]

Marxists have no concept of what merit pay is all about and how such ideas as that made America the best nation on earth for peace and prosperity.

And many managers dangle the carrot of “merit pay” in front of workers to get them to do more, but in the end, they never deliver. It’s just a scam.

 

[Aberration]

And many managers dangle the carrot of “merit pay” in front of workers to get them to do more, but in the end, they never deliver. It’s just a scam.

It’s delivered for me. And most of the people I’ve known and worked with. It’s been my experience that most people who haven’t got what they think they deserved didn’t actually merit what they thought they deserved.

 

[Noodlegawd]

I don't know, how do you feel about the fact that George Clooney makes ten thousand times as much as the guy who sells tickets at the Cineplex down the street, and all he has to do is act?

 

[Real Korimyr #9]

Employed. I would feel employed, and grateful for being employed.

I have suffered all manner of abuse in numerous workplaces, and it's never once bothered me to consider the difference between my near-minimum wage paychecks and the amount of money my labor was generating for the rent-seeking parasites who signed them. Either I had bigger problems to fare with, or I was too busy counting my blessings that I had not.

 

[ecofarm]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

It's not about labor. It's about ability and responsibility.

 

[Aristaeus]

I'd start working harder, to get the boss's job. Nevermind, I did that and was the boss till I retired.

Life isn't fair, boo hoo hoo.

Yeah, because if everyone works really hard, we could all become the CEO of JP Morgan Chase.

 

[Aristaeus]

My boss, or the owner of the company I work for?

I ask, because I don't have a boss per se. The owner of the company I work for on the other hand. I wouldn't feel that bad that they're making that much more than myself. Because they, as the owner, are taking on all of the risk in running the company.

They're only taking a risk if they used there own money to start the business. The CEO of Citibank has zero risk in running the company. If he does a terrible job, he'll get a few million as a golden parachute then get another job as a CEO somewhere else.

 

[Aristaeus]

"How'd You Feel If Your Boss Made $486 For Every Dollar You Make?"

I'd be trying to figure out how I could get that gig.

.

And you never would because a rank and file employee of somewhere like a big bank or multinational will never become the CEO or board member.

 

[Grim17]

And you never would because a rank and file employee of somewhere like a big bank or multinational will never become the CEO or board member.

You're right... I probably never would and that's ok... As long as I can pay my bills, keep a roof over my head and food on the table, I have nothing to complain about.

What somebody else makes isn't my concern, especially when it comes to someone employed by a private company. I've seen jealousy and resentment destroy people from within, and I'll have none of it in my life.

 

[marke]

And many managers dangle the carrot of “merit pay” in front of workers to get them to do more, but in the end, they never deliver. It’s just a scam.

If an employer does not honestly support his workers then he stands the chance of losing his workers and business in a free market system. That does not happen when the government and unions get involved. The government and unions set artificial standards of pay which are not based on competition in the market like the life of the business itself is.

 

[Aristaeus]

If an employer does not honestly support his workers then he stands the chance of losing his workers and business in a free market system. That does not happen when the government and unions get involved. The government and unions set artificial standards of pay which are not based on competition in the market like the life of the business itself is.

Plenty of real-life examples to disprove your 'theory'.

 

[Birdzeye]

It’s delivered for me. And most of the people I’ve known and worked with. It’s been my experience that most people who haven’t got what they think they deserved didn’t actually merit what they thought they deserved.

It’s been my experience and my observation of the way others have been treated in the workplace by managers, that top notch people never are considered to have “merited” anything, even if they’ve done everything but walk on water.

 

[mrdeltoid]

A big part of what's wrong with America. Does anybody believe that these CEOs work 150-500 times harder than their employees?

Top Bank CEOs Questioned About Their Pay In House Hearing : NPR


The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multimillion-dollar compensation.

The House Financial Services Committee hearing was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis
"Ten years ago, the CEOs appeared before this very committee to discuss the financial crisis and the massive bailout taxpayers provided," said committee Chairwoman Maxine Waters, D-Calif. "A decade later, what have they learned? Are they helping their customers and working to benefit the communities they serve? Or are the practices of these banks still causing harm?"

View attachment 67254742

What would I do? Well, if I were happy with my salary, nothing. If I weren’t, I would demand a raise . If my demands weren’t met, I would seek employment elsewhere. If I was so jealous of the CEO, I couldn’t live with it, I would find out what I needed to do to become a CEO myself.

 

[OldFatGuy]

Thanks, I love a good history lesson!

Roseann

You're welcome, and likely you were merely reminded of what you already knew.

 

[OldFatGuy]

Yeah, because if everyone works really hard, we could all become the CEO of JP Morgan Chase.

Not everyone is fated to become Jamie Dimon, or similar to him. But there is nothing stopping anyone in this nation, if applying themselves to gain wealth beyond the dreams of a mere few hundred years ago for the mean of humanity. No one guarantees a princess will kiss a frog and turn him into a prince. During the depression, there were nights when my father and his siblings went to bed for the body warmth of a shared bed, having had a slice of day old bread and a cup of warm water for dinner. My dad lied about his age, enlisted at 14 for three squares a day and to send money home to help his family in 1933. To bed with the sunset because light cost money. Comparatively, myself and my siblings were raised as princes and princesses, enjoying a full meal at the dinner table, conversation, homework and TV after dinner. And our parents made our lives a joy for not wanting what we didn't have because we had each other. That was still far better than many in this world can still imagine. Stop your whining. Appreciate the quality of your life and what you do have.

 

[Aberration]

It’s been my experience and my observation of the way others have been treated in the workplace by managers, that top notch people never are considered to have “merited” anything, even if they’ve done everything but walk on water.

I’d tell that person they should walk away then. That’s the only way those kind of managers learn. And if the company can manage without you, then they were right. But you got a new job making more so [emoji2369]