• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Why do CEO's make som much?

poweRob said:
And yours is a hack link no one has ever heard of.
Click to expand...

Here's another one
Access to this page has been denied.

In any case, a better way to measure this pay disparity would be to compare what a CEO makes to what workers earn at the same company.

It's understandable why the AFL-CIO doesn't do this, since the resulting ratio for the top 100 companies comes out to just 84 to 1.

What's not understandable is why the mainstream press keeps repeating the massively inflated 300-to-1 number without noting the statistical legerdemain that produced it.


Would it kill you to actually use a little critical thinking instead of blindly accepting partisan spin points?
 
KLATTU said:
Not surprisingly , it's the simple la of supply and demand
Why Do CEOs Make so Much Money? - Foundation for Economic Education
You probably recall from Economics 101 that prices are determined by the interplay of supply and demand. Labor pricing, or compensation, is no exception.

Large corporations compete for experienced, proven, high-performing CEOs to run their companies. The directors of a corporation make the subjective determination of recruiting executives and setting their compensation. But that compensation package is often highly negotiated.


(OF COURSE YOU WONT HEAR THIS FROM DEMOCRATS,,,,"system is rigged getting rich of the backs of the poor....trickle up....tax cuts for the rich....blah blah )
COMMENTS?
Click to expand...
Yes text book wise, CEOs earn based supply and demand... But in the real world it comes far more down to networking, nepotism and similar things than supply and demand.

If it was supply and demand then poor CEOs and such would be unhireable if they failed in a job and yet we not only see bad CEOs staying in jobs but getting new jobs despite getting fired or driving a company into the ground. We also see CEOs and certain sectors getting paid not based on performance, but guaranteed bonuses regardless of performance and of course the classic golden parachute.

The classic economics 101 idea on CEO pay died in the 1980s.

Sent from my Honor 8X
 
KLATTU said:
Here's another one
Access to this page has been denied.

In any case, a better way to measure this pay disparity would be to compare what a CEO makes to what workers earn at the same company.

It's understandable why the AFL-CIO doesn't do this, since the resulting ratio for the top 100 companies comes out to just 84 to 1.

What's not understandable is why the mainstream press keeps repeating the massively inflated 300-to-1 number without noting the statistical legerdemain that produced it.


Would it kill you to actually use a little critical thinking instead of blindly accepting partisan spin points?
Click to expand...

Yeah... your own link:

According to the latest report, for example, CEOs are paid an average $13.5 million, while the average worker makes $36,134 — a ratio of 373 to 1.​

They don't refute that. They just go on to change the metric of 350 largest companies by saying there are 22,000 total CEO's and then averaging in mom and pop LLC's. Apples and Oranges. The conversation is how big corporations are creating insane wealth gaps. You and the writer of that story want to dismiss that argument and are failing badly.
 
poweRob said:
Yeah... your own link:

According to the latest report, for example, CEOs are paid an average $13.5 million, while the average worker makes $36,134 — a ratio of 373 to 1.​

They don't refute that. They just go on to change the metric of 350 largest companies by saying there are 22,000 total CEO's and then averaging in mom and pop LLC's. Apples and Oranges. The conversation is how big corporations are creating insane wealth gaps. You and the writer of that story want to dismiss that argument and are failing badly.
Click to expand...

they go on to tell you why that's a bogus stat. You just don't want to hear it.Closed mind Move on.
 
KLATTU said:
they go on to tell you why that's a bogus stat. You just don't want to hear it.Closed mind Move on.
Click to expand...

No they don't. You are lying. The numbers are solid and they agree. They just want to skew the numbers by adding in around 20,000 predominately mom and pop operations.

I agree. It's probably best you move on.
 
KLATTU said:
Not surprisingly , it's the simple la of supply and demand
Why Do CEOs Make so Much Money? - Foundation for Economic Education
You probably recall from Economics 101 that prices are determined by the interplay of supply and demand. Labor pricing, or compensation, is no exception.

Large corporations compete for experienced, proven, high-performing CEOs to run their companies. The directors of a corporation make the subjective determination of recruiting executives and setting their compensation. But that compensation package is often highly negotiated.


(OF COURSE YOU WONT HEAR THIS FROM DEMOCRATS,,,,"system is rigged getting rich of the backs of the poor....trickle up....tax cuts for the rich....blah blah )
COMMENTS?
Click to expand...

Whether you know it or not, you've just made a good argument against capitalism.
 
ashurbanipal said:
Whether you know it or not, you've just made a good argument against capitalism.
Click to expand...

yea it's horrible. We should have Democrats fix it. Maybe set up a fairness panel of business experts ( AOC, Sanders, Warren, HArris) and have all salaries determined by them. Or just do away with it altogether in the name equality.

LAFFRIOT
 
Winston said:
CEO's make like 350 times what their workers make, that's an excess.
Click to expand...

Not in Trumpland.

In Trumpland, diverting funds intended for children with cancer into your own bank account is something to be admired. It demonstrates what great businessman these people are. Why they deserve to make 350 times more than the workers.

The stupid workers would ensure that the funds actually went to helping the children with cancer. Losers.

How Donald Trump Shifted Kids-Cancer Charity Money Into His Business
 
Winston said:
That's not answering my question, it's just an explanation of how corporations are organized.

My assertion is that compensation isn't tied to value. I gave you an example. Do you care to address why compensation wasn't tied to value in that case?
Click to expand...

Someone determined their value to be what it is.
 
KLATTU said:
yea it's horrible.
Click to expand...

What's horrible? Your argument? It seems perfectly fine to me: nothing justifies injustice, and injustice cannot be redefined as justice no matter how one dices or dances.

KLATTU said:
We should have Democrats fix it. Maybe set up a fairness panel of business experts ( AOC, Sanders, Warren, HArris) and have all salaries determined by them.
Click to expand...

This, on the other hand, is nowhere implied by what you posted. So I don't know what gives you this idea. In any event, something like this would be putting a band-aid on leprosy--it's not implied by your argument because it's not nearly a sufficient measure.

KLATTU said:
Or just do away with it altogether in the name equality.
Click to expand...

If by "it" you mean market economics...I don't entirely agree. But perhaps a modification of market economic praxis is in order.
 
KLATTU said:
Not surprisingly , it's the simple la of supply and demand
Why Do CEOs Make so Much Money? - Foundation for Economic Education
You probably recall from Economics 101 that prices are determined by the interplay of supply and demand. Labor pricing, or compensation, is no exception.

Large corporations compete for experienced, proven, high-performing CEOs to run their companies. The directors of a corporation make the subjective determination of recruiting executives and setting their compensation. But that compensation package is often highly negotiated.


(OF COURSE YOU WONT HEAR THIS FROM DEMOCRATS,,,,"system is rigged getting rich of the backs of the poor....trickle up....tax cuts for the rich....blah blah )
COMMENTS?
Click to expand...

The Highest-Paid CEOs Are The Worst Performers, New Study Says

womp womp.
 
KLATTU said:
Not surprisingly , it's the simple la of supply and demand
Why Do CEOs Make so Much Money? - Foundation for Economic Education
You probably recall from Economics 101 that prices are determined by the interplay of supply and demand. Labor pricing, or compensation, is no exception.

Large corporations compete for experienced, proven, high-performing CEOs to run their companies. The directors of a corporation make the subjective determination of recruiting executives and setting their compensation. But that compensation package is often highly negotiated.


(OF COURSE YOU WONT HEAR THIS FROM DEMOCRATS,,,,"system is rigged getting rich of the backs of the poor....trickle up....tax cuts for the rich....blah blah )
COMMENTS?
Click to expand...
Excellent article, a very good overview of the process. Thanks for posting.
 
CaughtInThe said:
I'm glad that CEO's make a gigantic amount of money while voting republicans make average to below average salaries.
Click to expand...

Most of the millionaires on Wall Street are Democrats.
 
Rogue Valley said:
Wealth inequality in the United States under Donald Trump is at a historic high.
Click to expand...

So what? And please spare us the "wealth inequality foments rebellion" trope.
 
ocean515 said:
If they didn't provide 350 times the value, they wouldn't be paid that much.
Click to expand...
Yep, working to keep those workers employed and maybe even hire more is the CEO goal. Sometimes it doesn't pay off but with an unemployment rate of 3.5% I'd say many CEO are doing a good job.
 
KLATTU said:
yea it's horrible. We should have Democrats fix it. Maybe set up a fairness panel of business experts ( AOC, Sanders, Warren, HArris) and have all salaries determined by them. Or just do away with it altogether in the name equality.

LAFFRIOT
Click to expand...

Here’s a better one. Let’s hire a corrupt silver spoon real estate guy to ruin our countries reputation, flip the finger at the constitution, put russian ships on US navy birthday tweets and sells out our allies to the highest bidder. Oh wait, that is horrible isn’t it.


Sent from my iPad using Tapatalk
 
You must log in or register to reply here.
Back
Top Bottom