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

[CharisRose]

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

True, I'm an avid reader and one of my favorite subjects is history.

Roseann

 

[CharisRose]

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?

Actors make more money thanks to the fans that buy those tickets that fill the seats in the Cineplex down the street.

The fans would not be standing in line to to spend their money to purchase tickets from the guy to just sit in the Cineplex down the street for the fun of it, they expect to watch the actor... acting in the movie.

Granted, all the actor has to do it act but had the actor not acted the guy who sells the tickets would not be able to sell a single ticket and would not be getting a paycheck.

Working at Loews Cineplex Entertainment: Employee Reviews | Indeed.com

Roseann

 

[Noodlegawd]

Actors make more money thanks to the fans that buy those tickets that fill the seats in the Cineplex down the street.

The fans would not be standing in line to to spend their money to purchase tickets from the guy to just sit in the Cineplex down the street for the fun of it, they expect to watch the actor... acting in the movie.

Granted, all the actor has to do it act but had the actor not acted the guy who sells the tickets would not be able to sell a single ticket and would not be getting a paycheck.

Working at Loews Cineplex Entertainment: Employee Reviews | Indeed.com

Roseann

You mean to tell me you think Clooney wouldn't act if they only paid him $500k per movie?

 

[CharisRose]

You mean to tell me you think Clooney wouldn't act if they only paid him $500k per movie?

What I am saying is... that any actor who is still a Major draw at the box office will continue to be paid high dollars for just being in a movie.

When an actor is no longer a Major draw at the box office the dollar amount will diminish or getting a part in a Major production may no longer be a sure thing.

That is when any actor will need to accept diminished pay, act in a minor production or do commercials.

The guy who sells the tickets will continue to do his job and get a paycheck.

As long as management is satisfied with the employee's workmanship. Regardless, of who is acting on the big screen.

Roseann

 

[Fenton]

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?"

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If youre an adult and you spend your time obsessing over what other people have then you have some serious growing up to do
Envy and jealousy are not traits of a well adjusted emotionally mature adult. They're toxic and childish notions.

 

[Media_Truth]

If youre an adult and you spend your time obsessing over what other people have then you have some serious growing up to do
Envy and jealousy are not traits of a well adjusted emotionally mature adult. They're toxic and childish notions.

Trying to change what is so blatantly wrong with America takes guts, especially when addressing the abusers. The toxicity is what they are doing to America!

 

[Bullseye]

Trying to change what is so blatantly wrong with America takes guts, especially when addressing the abusers. The toxicity is what they are doing to America!

What they're doing to America is building a system where performance and excellence is rewarded

Since you mentioned bank execs above, let me ask you this: Would you trust your savings run by a minimum wage guy who just walked in off the street? How about a doctor who's only qualification was slicing roast beef at a buffet?

 

[Master Debator]

The notion of "merit" pay is merely a symptom of most people's fundamental misunderstanding of the market. It is not a perfect system or even an impartial one. It's a series of human transactions multiplied a million times over and human transactions can be beneficial to society, detrimental or shades of both. Slavery was good business. To its share holders, to the United States, but not so much for the slaves. Those who would defend the free market and say but slaves weren't given a choice and so it wasn't a free market ironically argue against free markets and in favor of regulation. The market doesn't care about the feelings or condition of slaves, society does. But neither does the market care about "merit". If it did there would of been no slavery to begin with so the idea that today the magical market dictates "merit" is at fundamental odds with reality and history.

 

[HenryChinaski]

If youre an adult and you spend your time obsessing over what other people have then you have some serious growing up to do
Envy and jealousy are not traits of a well adjusted emotionally mature adult. They're toxic and childish notions.

Holy ****e, I agree with something that you've said.

 

[Media_Truth]

What they're doing to America is building a system where performance and excellence is rewarded

Since you mentioned bank execs above, let me ask you this: Would you trust your savings run by a minimum wage guy who just walked in off the street? How about a doctor who's only qualification was slicing roast beef at a buffet?

Anyway you slice the proverbial pie, those money-mongers bank executives don't work 500x as hard as the minimum wage guy. Doctor - now that's another story. Most doctors don't make that kind of money. It's sad when a doctor works his entire life at middle income, while the Donald Trumps of the world cheat, abuse, launder, and get away with it. Who was more educated? - the Doctor. Who worked the harder? - the Doctor!

 

[Bullseye]

Anyway you slice the proverbial pie, those money-mongers bank executives don't work 500x as hard as the minimum wage guy.

Many banks have raised their starting on minimum wage to $20/hr. Not sure you're qualified, other than by jealousy or envy to pronounce how hard those at the top work.

Doctor - now that's another story. Most doctors don't make that kind of money. It's sad when a doctor works his entire life at middle income, while the Donald Trumps of the world cheat, abuse, launder, and get away with it. Who was more educated? - the Doctor. Who worked the harder? - the Doctor!

And yet more class warfare rants. Worry more about getting lower wage people developing the skills and experience to command higher wages and bitching about those the HAVE developed them. Read my signature.

 

[Media_Truth]

Many banks have raised their starting on minimum wage to $20/hr. Not sure you're qualified, other than by jealousy or envy to pronounce how hard those at the top work.


And yet more class warfare rants. Worry more about getting lower wage people developing the skills and experience to command higher wages and bitching about those the HAVE developed them. Read my signature.

Just a deflection from what I said --- Most doctors don't make that kind of money. It's sad when a doctor works his entire life at middle income, while the Donald Trumps of the world cheat, abuse, launder, and get away with it. Who was more educated? - the Doctor. Who worked the harder? - the Doctor!

 

[yankintx]

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.

I fully expect the boss or CEO to make much more than I. Where the problem lies is my 3% pay rise, cut in benefits compared to his 50% pay raise and new corporate jet.

 

[Bullseye]

Just a deflection from what I said --- Most doctors don't make that kind of money. It's sad when a doctor works his entire life at middle income, while the Donald Trumps of the world cheat, abuse, launder, and get away with it. Who was more educated? - the Doctor. Who worked the harder? - the Doctor!

No deflection at all. Basic facts. Whining and complaining about how much someone else is paid is pure jealousy and envy. What you don't seem to grasp is that most highly paid people worked for years in lower paying jobs to get to the top. And once there they have immense responsibilities and pressures.


If that little guy on the production line screws up he may lose his job, if the guys at the top screw up or just make an incorrect decision the entire company may fail or lose market share and have to let those line workers go.

 

[Media_Truth]

No deflection at all. Basic facts. Whining and complaining about how much someone else is paid is pure jealousy and envy. What you don't seem to grasp is that most highly paid people worked for years in lower paying jobs to get to the top. And once there they have immense responsibilities and pressures.


If that little guy on the production line screws up he may lose his job, if the guys at the top screw up or just make an incorrect decision the entire company may fail or lose market share and have to let those line workers go.

I'm fine with tiers in income - even 2x, 4x, 8x levels. But not with 486x levels. That's just absurd. I pointed how a doctor makes much less than the immoral Trumps of the world. The same holds true for the hard-working Engineer, the extremely talented IT specialist, and the teacher who poors his/her heart and soul into his/her students. Chances are they work harder and longer hours than the money laundering billionaires, but make hundreds of times less.

 

[Bullseye]

I'm fine with tiers in income - even 2x, 4x, 8x levels. But not with 486x levels. That's just absurd. I pointed how a doctor makes much less than the immoral Trumps of the world. The same holds true for the hard-working Engineer, the extremely talented IT specialist, and the teacher who poors his/her heart and soul into his/her students. Chances are they work harder and longer hours than the money laundering billionaires, but make hundreds of times less.

LOL, still preaching the envy and jealousy sermon I see. :roll: The people that run huge companies with tens of thousands or employees or manage billions of dollars of other people's money are not the "Trumps of the world" whatever the hell you think that means.

 

[Media_Truth]

LOL, still preaching the envy and jealousy sermon I see. :roll: The people that run huge companies with tens of thousands or employees or manage billions of dollars of other people's money are not the "Trumps of the world" whatever the hell you think that means.

Since you have ZERO argument, you resort to calling people envious and jealous. The problem is throughout America, throughout the major Corporations of America. It is not confined to my individual feelings, nor yours. Corporate executives get paid hundreds of thousands just to sit on the Board of other corporations, and attend one meeting per year. This is more than many highly educated professionals make in the entire year - doctors, engineers, etc. The deck is stacked, and you're holding all the low numbers.

 

[Bullseye]

Since you have ZERO argument, you resort to calling people envious and jealous.

you got it backwards - your only arguments is bases on envy and jealousy.

The problem is throughout America, throughout the major Corporations of America. It is not confined to my individual feelings, nor yours. Corporate executives get paid hundreds of thousands just to sit on the Board of other corporations, and attend one meeting per year. This is more than many highly educated professionals make in the entire year - doctors, engineers, etc. The deck is stacked, and you're holding all the low numbers.

LOL, you have no concept of how corporations work, that's the problem. Corporate executives do far more than sit on other corporation's boards of directors. They are charged with operating their own companies, and many are legally culpable for failures. To guide and direct the many obligations and functions of a large corporation requests skills and abilities few of us have. That's why the get paid those amounts. Their decisions and direction can literally make millions or billions of dollars difference to the company.

 

[jaeger19]

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?"

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That statistic doesn't matter to me.

If my compensation was at the higher end of compensation for my job position relative to other companies in my industry. .. I would be just fine with it.


What would you rather make?


10,000 a year.. while your ceo make million... 100 to 1


OR for the same job.. make 65,000 while your ceo made 31million About 486 to 1. ceo to me.


Personally I would rather be paid that 65,000 dollars a year.. rather than 10,000 for that same position.


Now.. you may differ.. perhaps you would rather live on 10,000 a year.. so that you could feel better about equality and all that.

 

[jaeger19]

Just a deflection from what I said --- Most doctors don't make that kind of money. It's sad when a doctor works his entire life at middle income, while the Donald Trumps of the world cheat, abuse, launder, and get away with it. Who was more educated? - the Doctor. Who worked the harder? - the Doctor!

Yes.. and while that's true. I don't begrudge richer people than me.. making more than me. ITs the nature of the beast...

What bothers me.. is that people want to artificially use government to limit what I can make. That's whats wrong when it comes to society.

As far as Trump... he is a giant cheat.. and he made his money unethically.. in part by bankrupting people I know.. and sticking them will millions in debt because his word and his contracts weren't worth the paper they were written on.

 

[Media_Truth]

That statistic doesn't matter to me.

If my compensation was at the higher end of compensation for my job position relative to other companies in my industry. .. I would be just fine with it.


What would you rather make?


10,000 a year.. while your ceo make million... 100 to 1


OR for the same job.. make 65,000 while your ceo made 31million About 486 to 1. ceo to me.


Personally I would rather be paid that 65,000 dollars a year.. rather than 10,000 for that same position.


Now.. you may differ.. perhaps you would rather live on 10,000 a year.. so that you could feel better about equality and all that.

I posted this link earlier.

Surprise surprise: Say on Pay appears to be working | Fortune

Unlike JPMorgan (JPM, +4.63%), where almost 40% of shareholders voted against CEO Jamie Dimon’s pay package, most Say on Pay votes—where companies ask their shareholders what they think of their executive pay packages—are generally in the 90% and up approval range.

Unlike Jamie Dimon, who accused his shareholders of being lazy, most CEOs know that if shareholders disapprove, pay must change. But since most pay packages are approved, it doesn’t seem likely that Say on Pay is going to have much effect on CEO compensation.

It doesn’t seem likely, but it has.

I think "Say on Pay" should be adopted by more publicly held corporations. But I think it should go further. Asking shareholders is simply asking the wealthy to vote for each other. Heck, a lot of the shares are held by CEO and upper-level executives. They are voting for themselves. I believe the employees should also be entitled to vote somehow, on a 1 for 1 basis. Weight of voting could be 50% shareholder opinion and 50% employee opinion. Employees know their CEO better than external shareholders.

 

[Neomalthusian]

I posted this link earlier.

Surprise surprise: Say on Pay appears to be working | Fortune

Unlike JPMorgan (JPM, +4.63%), where almost 40% of shareholders voted against CEO Jamie Dimon’s pay package, most Say on Pay votes—where companies ask their shareholders what they think of their executive pay packages—are generally in the 90% and up approval range.

Unlike Jamie Dimon, who accused his shareholders of being lazy, most CEOs know that if shareholders disapprove, pay must change. But since most pay packages are approved, it doesn’t seem likely that Say on Pay is going to have much effect on CEO compensation.

It doesn’t seem likely, but it has.

I think "Say on Pay" should be adopted by more publicly held corporations. But I think it should go further. Asking shareholders is simply asking the wealthy to vote for each other. Heck, a lot of the shares are held by CEO and upper-level executives. They are voting for themselves.

While I don’t disagree with Say on Pay, where you took it was toward conspiracy theory that doesn’t make rational sense. Shareholders have to willingly devalue their shares to approve these pay packages. The whole basis for being willing to do so is the expectation that performance will more than offset it.

I believe the employees should also be entitled to vote somehow, on a 1 for 1 basis.

Hell, while we’re at it, let customers/clients vote too. And maybe the general public if they want to. The problem with that is that all of those people, including employees compensated with wage and salary expense (rather than equity) have no skin in the game, so they are drastically less likely to vote in a manner that serves the interests of the overall corporation.

Almost every liberal I’ve ever seen speak about CEO compensation seems to have this delusion in their heads that whatever isn’t paid to a CEO thus allows the workers to earn more, and that highly paid CEOs are “skimming off of workers’ wages” or whatever similar nonsense. Equity and expenses are not cut from the same pie.

What isn’t paid to executives enriches the major shareholders that much more. If a CEO is underpaid, the owners keep or accumulate that much more just by being owners. If a CEO is overpaid, the reverse is the case. If Walmart CEO McMillon is overpaid, Marc Lore and Jim, Alice, and S. Robson Walton becomes significantly poorer because McMillon’s pay devalued their shares. And if he fails to grow the company’s value, they become that much poorer. Conversely let’s say they pay McMillon $100,000 and Walmart has a very profitable year. Those four would hog the lion’s share of that profit.

Wage workers aren’t even in that equation, nor could they be unless companies started paying their wage workers with equity too (which in most cases would be nonsensical and nonviable, to both the company and the employees).