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Updated CEO pay OP: CEOs earn 3.8 times average worker
Posted on 10/2/14 at 4:58 pm
Posted on 10/2/14 at 4:58 pm
Is it too large, about right, or too small? What would be ideal?
What is the actual ratio of average worker to CEO pay? (cheating allowed)
Update: Bureau of Labor Statistics says the ratio is ~3.8 to 1.
Average CEO as of May 2013: $178,400
Average worker: $46,440
(Average is ~1.3 times the median for average worker, and ~1.04 times the median for chief execs.)
Was this close to anyone's perception of the disparity? I was under the impression that it was an order of magnitude larger. I certainly do not see a self-evident problem here.
What is the actual ratio of average worker to CEO pay? (cheating allowed)
Update: Bureau of Labor Statistics says the ratio is ~3.8 to 1.
Average CEO as of May 2013: $178,400
Average worker: $46,440
(Average is ~1.3 times the median for average worker, and ~1.04 times the median for chief execs.)
Was this close to anyone's perception of the disparity? I was under the impression that it was an order of magnitude larger. I certainly do not see a self-evident problem here.
This post was edited on 10/3/14 at 9:24 am
19
Posted on 10/2/14 at 5:00 pm to 90proofprofessional
It appears as though the gap has definitely gotten wider over the last 20 years, but what can we do about it other than to get the govt involved and force private businesses to make a pay scale?
Posted on 10/2/14 at 5:01 pm to 90proofprofessional
I think CEOs and workers should get as much money as they can get.
Unfortunetly, it all comes from the same pot.
To me, a great CEO is worth every penny. My problem is when a CEO comes in, screws everything up, the stock price drops by half, a bunch of people get laid off, and he leaves after 2 years with a bunch of millions.
Unfortunetly, it all comes from the same pot.
To me, a great CEO is worth every penny. My problem is when a CEO comes in, screws everything up, the stock price drops by half, a bunch of people get laid off, and he leaves after 2 years with a bunch of millions.
Posted on 10/2/14 at 5:04 pm to 90proofprofessional
Suspend too much time focused on my own family and our own finances to worry about what other people make or how they spend it.
Posted on 10/2/14 at 5:06 pm to 90proofprofessional
quote:
What would be ideal?
It would be ideal if people dropped the hubris that causes them to think they can determine these things better than the free market.
Posted on 10/2/14 at 5:13 pm to 90proofprofessional
The pay ratio will continue to get out of whack. Low skilled workers just aren't needed as much. Robots will keep doing more work. So forget about income. Just measure our wealth in the things we are able to do as a society as a whole. More people fly today than ever before. More people vacation today than ever before. More hotels than ever before. More video games than ever before. Etc. We'll be fine if we don't let the jealous lead us toward destruction.
Posted on 10/2/14 at 5:30 pm to 90proofprofessional
quote:Workers should worry about their own pay.
Politard poll: impressions on CEO/worker pay ratio in US
What difference does a CEO/worker pay ratio make?
Either workers are paid fairly, or they aren't.
WTF difference does it make if a CEO is making 3X or 10X or 100X or 100,000X std worker income, as long as workers are doing better than their piers? And if workers are not doing better than their piers, why would they not change jobs?
Posted on 10/2/14 at 5:36 pm to 90proofprofessional
Ratio? What makes you think some pay disparity ratio is meaningful other than as an economic policy propaganda tool to advocate for some lofty notion of the way things ought to be?
Posted on 10/2/14 at 8:03 pm to 90proofprofessional
CEO pay is a scam, related to our belief that a single person is the key to great results at a company (widely disproven)
Posted on 10/2/14 at 8:09 pm to 90proofprofessional
There is a gap.
It doesn't bother me in the least.
It doesn't bother me in the least.
Posted on 10/3/14 at 9:33 am to 90proofprofessional
It is fine.
Posted on 10/3/14 at 9:45 am to 90proofprofessional
I would like to see these figures adjusted for taxes and welfare payments.
Posted on 10/3/14 at 10:18 am to 90proofprofessional
Our CEO works from 5am to 7 or 8 every night and works on weekends. He travels all the time as well.
Last year he pretty much single-handedly saved our fiscal year.
Whatever they are paying him, it's not enough.
It blows my mind that people think there should be a law limiting how much our owner can pay him to run the company.
Last year he pretty much single-handedly saved our fiscal year.
Whatever they are paying him, it's not enough.
It blows my mind that people think there should be a law limiting how much our owner can pay him to run the company.
Posted on 10/3/14 at 10:20 am to 90proofprofessional
quote:Includes "Chief Executives" who work for the government.
Updated CEO pay OP: CEOs earn 3.8 times average worker
And FBI statistics say Sandy Hook didn't happen
This post was edited on 10/3/14 at 10:22 am
Posted on 10/3/14 at 10:20 am to 90proofprofessional
Im going to need more numbers than just a pay gap to determine if a gap is too big. I can tell you the gov isn't the answer to fixing it.
Posted on 10/3/14 at 10:24 am to 90proofprofessional
quote:
Updated CEO pay OP: CEOs earn 3.8 times average worker
And have probably 100 times the responsibility.
Posted on 10/3/14 at 10:27 am to 90proofprofessional
Well gee whiz - these guys must be lying:
LINK /
Right?
Oh, but wait...
Looks like they qualified their statement!
LINK /
quote:
CEO pay is 380 times average worker's - AFL-CIO
Right?
Oh, but wait...
quote:
The AFL-CIO each year highlights the pay disparity between workers and chief executives from companies that are part of Standard & Poor's 500 stock index.
Looks like they qualified their statement!
Posted on 10/3/14 at 10:40 am to 90proofprofessional
Would it be fair to compare the ratio between the CEO and the people that work under him rather than the entire work force?
What does the compensation of the CEO of GM or Exxon/Mobil have to do with the compensation of a clerk at the Circle K, a plumbet working for Roto-rooter or the compensation of a small business owner with 10 employees?
I think it's comparing apples and oranges.
Exxon-Mobil and GM can afford to compensate their people at different levels than the small business guy, an owner of a Circle K franchise or a Roto Rooter franchise owner.
What does the compensation of the CEO of GM or Exxon/Mobil have to do with the compensation of a clerk at the Circle K, a plumbet working for Roto-rooter or the compensation of a small business owner with 10 employees?
I think it's comparing apples and oranges.
Exxon-Mobil and GM can afford to compensate their people at different levels than the small business guy, an owner of a Circle K franchise or a Roto Rooter franchise owner.
Posted on 10/3/14 at 1:54 pm to 90proofprofessional
your post is misleading
that average worker you submitted was the averaged mean of all catergories which included ceo's and executives
the actual ceo to worker pay within the same company is ridiculous and immoral
that average worker you submitted was the averaged mean of all catergories which included ceo's and executives
the actual ceo to worker pay within the same company is ridiculous and immoral
Posted on 10/3/14 at 2:15 pm to 90proofprofessional
Something seems off about this because I seen numbers far in excess. I wonder if this is maybe Average CEO salary and excludes bonuses. Often CEO bonuses far eclipse their salaries, stock options, etc.
That being said I have zero problem with the OP ratios.
That being said I have zero problem with the OP ratios.
This post was edited on 10/3/14 at 2:16 pm
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