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re: Updated CEO pay OP: CEOs earn 3.8 times average worker
Posted on 10/2/14 at 5:13 pm to 90proofprofessional
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.
1
Posted on 10/2/14 at 5:29 pm to C
I am as free market running dog capitalist as you can find and... yes... too many CEOs are earning salaries that are higher then their performance dictates.
I will now pause to allow those who want to scream "You dirty commie Basterd!"... and hopefully scream it while doing their best Jim Ross impression, do so.
A good CEO is worth his weight in gold. Most of us can agree on that. It is when someone comes in, shites the bed, gets a huge severance package, and then either retires to a life of ease or switches over to running another company into the ground that there is going to be some concern.
I think over the last few years stockholders, very reasonably, have begun getting a serious case of the red arse about paying through the nose for some jackass that managed to steer the company onto the rocks. There are, however, a great many skilled CEOs who do a good enough job that the parasites can flourish.
I will now pause to allow those who want to scream "You dirty commie Basterd!"... and hopefully scream it while doing their best Jim Ross impression, do so.
A good CEO is worth his weight in gold. Most of us can agree on that. It is when someone comes in, shites the bed, gets a huge severance package, and then either retires to a life of ease or switches over to running another company into the ground that there is going to be some concern.
I think over the last few years stockholders, very reasonably, have begun getting a serious case of the red arse about paying through the nose for some jackass that managed to steer the company onto the rocks. There are, however, a great many skilled CEOs who do a good enough job that the parasites can flourish.
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