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1
Posted on 8/6/25 at 5:17 am to PetroAg
quote:
CEOs make too much money
Most of that is going to be stock options/grants so it's not guaranteed leaving their comp based on company performance.
If you think they make too much money, go get a job as CEO and do it for a low a salary as you like.
Posted on 8/6/25 at 5:21 am to FooManChoo
quote:
The future of a company can rest in the hands of a good CEO. Considering there is only one of them at a time, the demand is high, which means it has to pay a lot to attract a good one. As with any job, it is worth whatever an employer is willing to pay.
This factual statement got so many downvotes, I had to check to make sure this wasn’t the OT or Soccer Board.
Posted on 8/6/25 at 5:37 am to PetroAg
Actors, sports people, media people, models, etc make 20 mil. Why not the guy who is in charge of the biggest companies.
Posted on 8/6/25 at 5:39 am to PetroAg
Yes they are overpaid but that is the free market at work for what is perceived to be top executive talent and what it takes to attract and/or retain a good one. When they fail, they get fired and walk away with a great parachute. Just the way it works.
Rank and file, especially long term employees, typically come up way short in any attempt to compare rank and file compensation to that of a CEO. It’s apples and oranges from the standpoint of accountability and job scope.
Rank and file, especially long term employees, typically come up way short in any attempt to compare rank and file compensation to that of a CEO. It’s apples and oranges from the standpoint of accountability and job scope.
Posted on 8/6/25 at 5:42 am to McLemore
quote:
This factual statement got so many downvotes, I had to check to make sure this wasn’t the OT or Soccer Board.
This is where populism gets you, typically.
Class warfare and grievances are so hot right now.
Posted on 8/6/25 at 5:45 am to TDTOM
quote:It’s a decidedly low T thread. If people think CEOs are overpaid, why don’t they just start their path to being a CEO?
A lot of jealous people in this thread.
This post was edited on 8/6/25 at 5:46 am
Posted on 8/6/25 at 5:46 am to PetroAg
Most folks live beyond their means.
Most competitive industries, no.
TDU's, such as, Oncor, yes.
quote:
CEOs make too much money
Most competitive industries, no.
TDU's, such as, Oncor, yes.
Posted on 8/6/25 at 5:46 am to SlowFlowPro
Those thinking CEOs making millions is Free Markets yet get bail outs from the tax payers when bad times occur. News flash. We don't have free markets, only the illusion.
This post was edited on 8/6/25 at 5:48 am
Posted on 8/6/25 at 5:58 am to PetroAg
While I understand why companies shell out big bucks for CEO's, I don't like how the worker bee is valued.
We had a full time welder offshore. Every evening we would be in a meeting with the top people on the rig to discuss the next day's agenda. Every meeting was tense with regards to the welder. Every department needed him and it was a crisis if he was not available, so many instances of if he does not weld xyz by Thursday we will have to take downtime. Even better was when there was downtime requiring the welder to fix so the operation could continue. He would get waken up in the middle of the night to do an emergency weld that was holding up the operation. They ran him ragged, and he never once complained.
This guy saved the company millions of dollars each month which was obvious to everyone. His compensation was probably no more than 100K including benefits. Its messed up.
And I know the argument is well there are a lot of welders to choose from. However/ when you have a good, reliable, and fast welder saving you six figures a day, then he should be much more valuable and compensated for it.
This example applies to so many blue collar jobs out there.
We had a full time welder offshore. Every evening we would be in a meeting with the top people on the rig to discuss the next day's agenda. Every meeting was tense with regards to the welder. Every department needed him and it was a crisis if he was not available, so many instances of if he does not weld xyz by Thursday we will have to take downtime. Even better was when there was downtime requiring the welder to fix so the operation could continue. He would get waken up in the middle of the night to do an emergency weld that was holding up the operation. They ran him ragged, and he never once complained.
This guy saved the company millions of dollars each month which was obvious to everyone. His compensation was probably no more than 100K including benefits. Its messed up.
And I know the argument is well there are a lot of welders to choose from. However/ when you have a good, reliable, and fast welder saving you six figures a day, then he should be much more valuable and compensated for it.
This example applies to so many blue collar jobs out there.
Posted on 8/6/25 at 6:27 am to AtticusOSullivan
quote:
Half of them get paid to leave because they suck. It is insane.
Sounds like college and pro sports coaches.
Posted on 8/6/25 at 6:34 am to AtticusOSullivan
Now do NBA players.
Posted on 8/6/25 at 6:36 am to Mariner
quote:
And I know the argument is well there are a lot of welders to choose from. However/ when you have a good, reliable, and fast welder saving you six figures a day, then he should be much more valuable and compensated for it.
I have no words to express the absurd, prima donna bullshite I have taken from welders over the years. I have been in fistfights with welders and NOT fired 'em.
Posted on 8/6/25 at 6:51 am to PetroAg
I believe heads of companies that they started and built are good. Who cares if they make billions. But just C-Suite folks that are hired W-2 just like everyone else, yes they are grossly overpaid. But, I don’t think there should be any action against it. Sure I think overpaid, but if you can get it, get it. I’m probably overpaid.
Posted on 8/6/25 at 7:04 am to PetroAg
quote:
The average CEO of a top 500 fortune company makes $20-$30M. The average 20 year employee is making $80k-$150k.
Piggy backing of the trickle down economics thread. I’m not anti capitalist or pro communist, but I don’t see how some individuals are worth 300x more than a tenured employee that is producing value. Not burger flippers or pencil pushers, but engineers, accountants, sales reps, high performing individual contributors.
The CEO to employee ranking use to be 30:1 in the 1980s which I can understand but it is now approaching 300:1 in some companies. Seems like things are out of whack.
I don’t think government intervention is ever a good solution, but it does seem like a glaring issue with the wealthy getting wealthier and the upper middle class shrinking. $100k ain’t what it used to be.
This is 100% a symptom of not having sound currency.
Posted on 8/6/25 at 7:06 am to PetroAg
quote:
“the system”. The system isn’t working for middle class
no son let's be honest the "system" is not w0rking for you it worked great for me and that's all i care about. what did you think middle class would be like? why didn't you aspire to more than that? don't tell me "you're doing great" it's everybody else you're worried about! child please! so many of the posters on this board are aging into their 40's and waking up to the reality that you're not as successful as you thought you'd be in your 20's and of course it can't be you it must be the "system"
Posted on 8/6/25 at 7:14 am to dickkellog
This whole site is infested with mindless victims.
Posted on 8/6/25 at 7:18 am to TDTOM
quote:
This whole site is infested with mindless victims.
i know prepare for another "because boomers have so much i have so little"
thread incoming!
Posted on 8/6/25 at 7:25 am to Scruffy
quote:
Once again, you only focus on CEOs. Why don’t you include athletes or actors? Juan Soto makes $51 million per year. Steph Curry made $155 million last year. LeBron James made $133 million.
This is a dopey comp because although I think we can all agree that athletes/actors are insanely overpaid, they are the workers who generate the money for the leagues they play in. They’re the reason for the large tv contracts that allow them to be paid that much. That’s not the case for the CEO of a company. Maybe a better comparison for a CEO would be the GM of a pro sports team, but they aren’t being paid 30000x more than the players.
Posted on 8/6/25 at 7:26 am to PetroAg
quote:
The average CEO of a top 500 fortune company makes $20-$30M.
How much in cash?
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