- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Company CEO’s getting increasing pay.
Posted on 6/4/24 at 10:20 pm to upgrayedd
Posted on 6/4/24 at 10:20 pm to upgrayedd
quote:
Yep. Once you're in the CEO group, you just bounce around from place to place getting 8 figure payouts whether you're successful or not. The whole corporate culture is rotten.
Then you have the nepotism factor hire your sons or daughters as C level suite executives and give them a head start continuing the tradition as executives while being dumber than box of rocks.
0
Posted on 6/4/24 at 10:24 pm to LSU6262
quote:You're not getting an answer. These people don't realize how leftist they are. They spout union tropes.
Why is it a problem though
Posted on 6/4/24 at 10:54 pm to Cycledude
Posted on 6/4/24 at 10:56 pm to GoCrazyAuburn
quote:
Okay, so then there isn’t an actual problem, just people’s perceived notion of unfairness. Seeing as that perception is by and large wrong (there are exceptions), is there any solution to said problem of perception that the ill-informed would accept that doesn’t involve going after the CEO’s pay rectify their incorrectly perceived slight?
Perception leads to bad morale, bad morale leads to a high turnover rate, the turnover rate leads to the death spiral.
Posted on 6/5/24 at 12:47 am to Cycledude
quote:
this just doesn’t sit right with me.
quote:
average CEO for Fortune 500
quote:
median pay package for CEO’s was 16.3 million per yea
Lets play with some examples
Apple has 164,000 employees.
Tim Cook was paid $63,000,000 last year. Let’s say he died today, and Apple didn’t replace him. Instead they give the money directly to their employees.
Congratulations. We have raised the pay of every Apple employee by $384.
Sort of randomly picking.
Mastercard. 29,900 employees. We could use your 16MM average figure. But they filed with the SEC and reported a $21MM salary for their CEO. They could revolt, not replace him, and equally divvy up his earning. Every employee now makes an additional $702. (Though if we use your average, which is usually a number used to obfuscate the issue at hand and confuse people because it skews everything), it would be closer to $535/employee.
PNW is the first “small” company on the list. They have 84 employees and the President makes about 2.5MM annually. If we murdered him and gave his earnings to his employees, it would be a modest $30K bump per employee. But since we have now talked about a tech company, a credit card processing company, and an energy company, shouldn’t we maybe consider that there aren’t a lot of similarities to what the guys in charge of them do, the kind of people they employ, the responsibility of these companies to pay their shareholders and continue their service lines (I’m not sure Apple’s CEO is terribly worried about whether he’s firing coal power plants, and I’m sure the guy in charge of the energy company that includes nuclear plants isn’t all that interested in whether there should be a twelfth camera on the new iPhone). Further, the guy who owns the credit card processing company needs computer engineers similar to Apple, but they don’t have store fronts, so they don’t need loads of minimum wage college kids in neat blue shirts which makes the average employee’s pay seem like less.
In other words, the average of 500 companies and the base rate of pay between whatever “average” is and “top dog” just doesn’t seem to bother me without any real context as to why the CEO makes some multiple of that. The average nonprofit hospital CEO makes around 3MM while the CNA is getting $31-37K/y (tired of links but googled it). I don’t want a hospital CEO taking vitals, and I don’t want a CNA near the C-suite deciding how the place runs. And the consequences for wrong decisions are a lot higher for the c-suite folks. The head of Ochsner is around the $3.2MM mark. He manages 46 hospital and over 370 clinics and urgent cares. I’m throwing two things out there. It’s right in line with the average from above. And it’s right at 100X the CNA salary. They laid off 800+ employees last year. If they stripped their CEO of his compensation, they could offer each and every one of those employees back for $4,000/y (or better yet, they could just give each clinic and hospital a $7,000-8,000 gift instead).
Big numbers just invoke feelings that they shouldn’t until you look at specifics. Sure, there are probably some egregious ones out there. But until regular employees want to share in risk-based payment and being ruthlessly cut on performance and have a real dedication to their craft, you will see similar numbers. There’s a premium to be paid to the captain of the ship. All praise and all blame goes to them.
Posted on 6/5/24 at 5:28 am to Cycledude
Ceo pay is ridiculous. But their woke policies though…
Posted on 6/5/24 at 5:46 am to Cycledude
Then fight, scratch, claw and scheme your way to the C-Suite……be aggressive. Don’t be a lazy, sullen, bitter and/or pussy.
Posted on 6/5/24 at 5:50 am to Hopeful Doc
And let’s compare hours in the week.
The 40-50 hr per week person vs 70-90+ hrs for the CEO.
Not withstanding all the other metrics that substantiate the CEO’s position. From yrs of experience to level of education.
Like the water boy bitching about Tom Brady.
The 40-50 hr per week person vs 70-90+ hrs for the CEO.
Not withstanding all the other metrics that substantiate the CEO’s position. From yrs of experience to level of education.
Like the water boy bitching about Tom Brady.
Posted on 6/5/24 at 6:40 am to Sofaking2
quote:
What scares me are the estimated 7 million men between 25-54 not working or even looking for work. Basically just chilling out. Those people could be making the economy that much better. Especially the younger ones could be getting skilled trades and filling badly needed open jobs. That bothers me as much as greedy CEOs.
How many of them are illegal immigrants who shouldn’t be here in the first place?
How many are self-employed and don’t have to deal with corporate bs to make end’s meet?
Posted on 6/5/24 at 6:41 am to kywildcatfanone
quote:
Now do companies that have gotten public money and turned around and paid huge bonuses with it.
That and funded company trips that involved resort style shite
Posted on 6/5/24 at 6:52 am to Cycledude
We have let corporations get too big for their britches, and also way, way too global. Due to political pressures from other countries, we get inferior products and pay more for them. We should have protectionist tariffs that mirror the most aggressive laws of any actual noted countries an American corp does business with. frick off with cheap meds in Europe while gouging is here.
Posted on 6/5/24 at 6:55 am to Hopeful Doc
quote:
would be a modest $30K bump per employee.
Yeah. Modest. That secretary making 40k wouldn’t even notice it.
Posted on 6/5/24 at 6:57 am to jclem11
I'd argue that the markets aren't even close to being free anymore, and we now have some ungodly mix of government and corps ruling us. Don't want to violate the bill of rights, tell the company they will get a government check if they refuse to do business with a group of people based on beliefs.
Posted on 6/5/24 at 6:57 am to Jcorye1
This thread is wild. A bunch of envious little bitches in here. Don’t be bitter, be better.
Posted on 6/5/24 at 7:02 am to olemc999
The consumer still holds a few cards, though the system is rigged.
Stop supporting BigCorp if it doesnt align with values.
Stop supporting BigCorp if it doesnt align with values.
Posted on 6/5/24 at 7:05 am to CharlesLSU
quote:
Then fight, scratch, claw and scheme your way to the C-Suite……be aggressive. Don’t be a lazy, sullen, bitter and/or pussy.
Holy shite common sense does still exist
Posted on 6/5/24 at 7:15 am to TDTOM
I didn't say anything envious, I don't want to be the world's piggy bank
Posted on 6/5/24 at 7:16 am to Jcorye1
That wasn’t directed at you. I replied to the last post at the time.
Posted on 6/5/24 at 7:30 am to Hopeful Doc
quote:
There’s a premium to be paid to the captain of the ship. All praise and all blame goes to them.
While I appreciate your well-written post, I have to take exception to this. CEO’s may be privately blamed but rarely suffer real consequences. Their pride may be hurt, but their estates hardly suffer. The real pain goes to the layoff victims who have far less cushion to absorb their fall.
Posted on 6/5/24 at 7:46 am to CharlesLSU
quote:
Then fight, scratch, claw and scheme your way to the C-Suite……be aggressive. Don’t be a lazy, sullen, bitter and/or pussy.
What a retarded boomer take.
Your ceiling at a company is decided within 6 months lmao.
No amount of muh hard work will get you above that ceiling.
Keep sweeping for the ownership class tho. I'm sure you might get a few crumbs.
Page 7 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News