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

devildavid said:
What the CEO does has little to do with the success of a corporation. CEO's are a dime adozen. They do not contribute to the product/sevice being offered without those who actually create/offer the product service. That isn't how corporations function. And if the company is publicly owned, their salary is everyone's business.
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If you are a SHAREHOLDER or board member what the CEO makes is your business. And if you get outvoted on that and/or are unhappy about it, you resign your seat on the board and divest yourself of the shares.

If you are not a shareholder or board member what the CEO makes is none of your business.

I can assure you that those who have risked their capital in the business will go elsewhere if the business is losing money or they otherwise are unable to profit from the shares they own.
 
Lutherf said:
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.
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What a bunch of platitude word salad horse shot this reply is.
 
AlbqOwl said:
If you are a SHAREHOLDER or board member what the CEO makes is your business. And if you get outvoted on that and/or are unhappy about it, you resign your seat on the board and divest yourself of the shares.

If you are not a shareholder or board member what the CEO makes is none of your business.

I can assure you that those who have risked their capital in the business will go elsewhere if the business is losing money or they otherwise are unable to profit from the shares they own.
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Newsflash. No one cares. CEO pay is obscene and the wealthy class is culpable for destroying the middle class. Their henchmen in this endeavor are the fools that vote Republican and bought their odious lies about caring about the middle class.
 
What if...? said:
It study after study has determined that the level at which more money doesn't improve happiness anymore is surprisingly low. Less than six figures here.

Those who continue to grab money with both hands beyond that point are feeding their drive for status, which in social species confers better access to resources, from an evolutionary perspective.

While we were evolving this hunger was held in check by our lifestyle. Alpha predators living in large extended families. Greed and power as we conceive of them didn't exist. (And the whole "life was nasty, brutish and short" bit was just propaganda to justify colonization. But that's a topic for another thread) wealth was limited to what you could carry. Power was conditional. "The strong dominated the weak" isn't true either. Life eliminated the weak. Those who survived were all strong. We killed and ate animals much larger than ourselves while avoiding being eaten by animals much larger than ourselves. There were no ectomorphs to subjugate.

The kind of wealth and power we see today is a result of settling down and growing food. Everywhere this eventually resulted in having to lock up and dole out that food. This created wage labor, the manager class and professional soldiers/guards.

And we lost our ability to simply say "no" to those who sought to increase their status by claiming more than those they had power over. To spend our lives gaining more power and wealth through conquest. Etc etc.

All to feed an addiction to the pleasurable neurochemicals our brains give us for improving our access to resources. Our "status" in the group. The "urge to empire".

Left unchecked this wrecks that society. Historically. Overextended in conquest or conquered. Revolution. Etc.

All symptoms of our Maladaptation to the Adoption of the Sedentary Lifestyle.
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OK that's very nice...and maybe you need to get out and exercise more...
 
Oborosen said:
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.
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What happens if the "risk" they are taking bankrupts their company? They have millions in the bank and you are out of a job. You are the one taking the risks.
 
noonereal said:
straight up moron

thanks for wasting my time
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Yes I stopped reading when he said he wanted to return to the gold standard and claimed the middle class was destroyed by "poor currency manipulation". He does not even understand why we need inflation for the economy to grow.
 
iguanaman said:
What happens if the "risk" they are taking bankrupts their company? They have millions in the bank and you are out of a job. You are the one taking the risks.
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Baloney. The employee takes almost no risk when he goes to work for a company unless it is on the basis that he will accept fewer wages and benefits on the promise that he will be rewarded once the company is prospering. And then the risk is entirely his choice.

If the company I work for goes broke and I'm out of a job all I lose is maybe one paycheck and possibly some retirement funds if I am stupid enough to allow the company to own and control my retirement fund. My boss however probably put up the venture capital to start or buy the business, has invested significant assets into infrastructure, furniture and fixtures, tooling, equipment, insurance, day to day costs of doing business etc. etc. etc. and stands to lose a great deal of that if the business goes belly up. He also assumes pretty much 100% of any liability for anything that goes wrong re his business, product, and/or service.

Taking that risk entitles him to however much income he chooses to keep for his personal use as long as he pays me what he agreed to pay me to work for him.
 
iguanaman said:
Yes I stopped reading when he said he wanted to return to the gold standard and claimed the middle class was destroyed by "poor currency manipulation". He does not even understand why we need inflation for the economy to grow.
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Okay here are some other opinions you probably won't like any better because they agree that you can't blame the demise of the middle class on people being very rich and that doesn't fit the Marxist/progressive/get-all-the-money-you-need-from-the-rich narrative:

The Gold Standard: Friend Of The Middle Class | Zero Hedge

The Gold Standard: Friend of the Middle Class |

The Gold Standard: Friend of the Middle Class - The Daily Coin
 
Sorry, posted one source twice but it is good information.
 
AlbqOwl said:
Okay here are some other opinions you probably won't like any better because they agree that you can't blame the demise of the middle class on people being very rich and that doesn't fit the Marxist/progressive/get-all-the-money-you-need-from-the-rich narrative:

The Gold Standard: Friend Of The Middle Class | Zero Hedge

The Gold Standard: Friend of the Middle Class |

The Gold Standard: Friend of the Middle Class - The Daily Coin
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I blame the rich for the lack of wage increases that has decimated the middle class. There was a good reason for the 90% tax brackets that prevented CEO's from sucking up all the increased profits for themselves. We need to re-examine those high rates on multi-million $ salaries. The gold standard is an antique red herring promulgated by the fools that still own gold.
 
iguanaman said:
Yes I stopped reading when he said he wanted to return to the gold standard and claimed the middle class was destroyed by "poor currency manipulation". He does not even understand why we need inflation for the economy to grow.
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i read through the entire thing

it was a wingnut with too much time on his hands reinventing the wheel

at least he understands how a working male has less money today than in 1969 do to bearing an ever increasing portion of the tax burden
 
devildavid said:
What the CEO does has little to do with the success of a corporation. CEO's are a dime adozen. They do not contribute to the product/sevice being offered without those who actually create/offer the product service. That isn't how corporations function. And if the company is publicly owned, their salary is everyone's business.
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and you know this from first hand knowledge , right?

because as a CFO, for a 100 million dollar company, i worked my ass off

and my boss, he worked even harder than i did
 
gdgyva said:
and you know this from first hand knowledge , right?

because as a CFO, for a 100 million dollar company, i worked my ass off

and my boss, he worked even harder than i did
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You did not work any harder than CFO's in the 1950's or 60's when CEO's made 20 times their workers instead of 250 times.
 
iguanaman said:
You did not work any harder than CFO's in the 1950's or 60's when CEO's made 20 times their workers instead of 250 times.
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how many CFO's make that amount?

10? 20?

my salary was 225k annually....my total compensation was approx 375k

and i guarantee you that the MAJORITY of executives are no where near the ludicrous numbers that MSM likes to throw around

those numbers are for the very very few....and they get the rabid fired up because they just dont know any better

do yourself a favor....google AVERAGE executive pay for top companies in the USA

yes...there are excesses, but there are many more than earn 1 million and less....for doing extraordinary jobs
 
Buzz62 said:
More compared to what? The silly pittance they make now?
The economy is being bought out by the large corporations. These large corporations like to off-shore manufacturing. I say tariff the crap out of all of them. Start a new national campaign to "Buy American Made". Force these corporations to either pay exorbitant amounts in tariffs, or to relocate manufacturing back to the USA. This, I think, is what Trump is trying to accomplish. And it appears that its beginning to work. All that's really left is to make the base salaries of the various levels of staff, more to real-world levels. IMO...That is how one goes about building the one force every society, whether communist or capitalist, relies on.
The Middle-Class.
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Hell, we could just pit some "sticks" in tax cuts instead of them being all "carrot".

So they can't just SAY they're gonna put more people to work. They have to actually do it to get the cut.
 
Napoleon said:
Well, first I think it’s important to understand what form that compensation takes. For example, Jamie Dimon’s base salary is $1.5 million. The remaining $28.5 million is an unguaranteed performance-based incentive and almost all of it is in the form of restricted JPMC stock rather than cash. This is done to tie executive compensation to achievement and long-term health of the firm. Whereas workers are paid only for their performance of menial tasks to facilitate day-to-day operations. But hey, how do you think workers would feel if 95% of their compensation was unguaranteed, tied to performance, non-monetary, and inaccessible until some future date?
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Depends if the 5% is more than enough to live comfortably.
 
Buzz62 said:
Oh don't give me that faux-accusation BS.
You know Gawd-Damn well that America had its own New Deal which was chiefly responsible for building "The Good Ol' Days".
The lower and middle classes must be amply rewarded for their labours, and among the places that capital should come from, is the insane salaries of the Executives. It can also come from the bloated stock values being reached these days.

There is no realistic way to avoid the fact that what makes an entire economy healthy, is a well financed middle-class. That keeps cash flow high, which maintains growth for the corporations. Its fairly basic actually.
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Apparently they've figured out that there are seven billion people in the world to sell to. Only gotta get a dollar from each once a year and that's seven billion dollars.
 
Mr Person said:
If we wanted myths we'd pick up a copy of Grimms'.

If we wanted self-serving myth's we'd pick up a compilation of GOP speeches. Or internet posts.
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Or a copy of the Conservative Recent History Book.
 
gdgyva said:
how many CFO's make that amount?

10? 20?

my salary was 225k annually....my total compensation was approx 375k

and i guarantee you that the MAJORITY of executives are no where near the ludicrous numbers that MSM likes to throw around

those numbers are for the very very few....and they get the rabid fired up because they just dont know any better

do yourself a favor....google AVERAGE executive pay for top companies in the USA

yes...there are excesses, but there are many more than earn 1 million and less....for doing extraordinary jobs
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CEO compensation by sector

The highest pay packages go to CEOs at health care companies. For the second time in three years, chief executives in the health care field led the S&P 500 in terms of total compensation. The typical CEO in the industry made $14.9 million last year, which means half earned more than that, and half made less.

Top paid (median compensation and change from 2017):

1. Health care, $14.9 million, up 10%

2. Industrial goods, $13.9 million, up 9%

3. Basic materials, $12.7 million, up 16%

Bottom paid:

1. Utilities, $9.3 million, up 8%

2. Financial, $10.4 million, up 10%

3. Services, $11.3 million, up 5%
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For CEOs, $11.7 million a year as salary is just middle of the pack
 
gdgyva said:
what built the "good ole days" was a world decimated by a war, and we having the only real ability to take advantage of the situation

it wasnt that we did things better than most....it was we could do them at all

then by the 70's we got fat and happy, and the japanese starting kicking our asses in the car market....and the manufacturing sector has been going downhill ever since

unions got pushy, wages got too high, and the products got worse and worse

and the numbers crunchers became aware of one other major fact....we wernt dying off fast enough

the pensions and insurance plans of the 40's thru 70's were becoming disastrous as we lived into our 80's and 90's

the numbers didnt make sense anymore....

dont blame it all on the companies.....yes, greed made some of the items happen, but some came from our own internal problems caused by our own lackadaisical attitudes
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Actually, a set of technologies came online at that time. The container ship being one. It became possible to increase profits by having starving people elsewhere do it. So businesses did that.

No american could afford to work for five dollars a day. Couldn't even pay the landlord on that, much less eat too.

So the "greedy unions" canard doesn't wash.

Profits went through the roof and have continued to do so since wages and productivity were decoupled.

Had the "we had to do it"saw been true, corporate profits would have maintained their rise at about the same rate. They did not. They went way up. While wages haven't gone up in forty years.

It is quite obvious that a base level for jobs was established and that's all they're gonna pay, forever.

That's what happens when a society adopts an economic system that formally declares the majority to commodities to be used and discarded by the minority. Like peasants in the days of old. We even have landlords.
 
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