re: Had a discussion with a leftist that thinks CEOs make too much money and it’s unfair.

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So, I took Microsoft and numbers readily available on the internet.

CEO salary $42M

Number of employees 221,000

Pay the CEO $0

Each employee gets $190 extra and the CEO quits

Is this what the commies want?

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Math is hard, especially when it thoroughly fricks your rhetoric.

"Fair" is subjective, anyone attempting to argue CEO salaries based on "fair" is really just saying "I wish I was getting paid that much", "I don't really understand what the frick I'm talking about" or both.

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I'll never understand how a person's salary can be considered unfair in a general context. A business will pay someone what they believe that person is worth.

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Your side is convinced private individuals making money via the free market is bad, but yet you ignore politicians getting rich off of insider trading and even make excuses for them.

Take away apple CEO pay

$603 for each employee annually and the CEO quits.

Im a democrat.
I played Rugby.
I have 2 masters.
Economics and Computer Science.
I live in the house I own and I also own the houses that some other people live in.
I pay more in taxes than what most people make.

Most of the democrats I know are highly educated and successful.

Conversely, the republicans I know are low-middle incomes. A couple of them are drug addicts I met through charity work.

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Democrat
Never played sports
No college degree or high school diploma
College degree useless major
"Disabled"
Living at Home

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Had a discussion with a leftist that thinks CEOs make too much money and it’s unfair.

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They do and it is.

Next.

That is what you call freedom. They want the government to control so we can be equal. AS IF

I think it’s crazy how much pro athletes get paid but if the market supports it, good for them

Our federal government is the caretaker for some $4 trillion annually in federal taxes alone. This is notwithstanding the untold amount of "donations" Congress gets to peddle influence on a national scale.

But yeah, rich CEOs are the problem with the country.

Ask him if we can start with Hollywood.

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I'm a Republican and believe that CEOs of public companies do earn more than they are usually worth. Does a single CEO worth $50M bring more value to the company than if you hired 25 executives for $2M each per year? Answer is probably no.

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If you are right about that you should be able to take over these companies and make them more profitable. But you can’t. Why? Because you would never convince private equity guys that you are right.

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Take away apple CEO pay $603 for each employee annually and the CEO quits.

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If that $603 is in vesting stock comp, you might actually be in a better spot. Maybe. Who knows.

As another poster mentioned this is more a matter of corporate culture and business practice than it is a matter of fairness. The argument isn’t so much that all the current employees should get the salary and do away with the CEO, it’s simply if it’s the best use of money. These salaries have exploded while product quality and customer service has diminished. I think we are finally starting to see the signs that people of all levels of employees have very little incentive to put up with shitty work conditions, which makes it worse for those that stick around.

My wife works for a major retail corporation. If they allocated the CEOs salary to more of the lowest paid employees and eliminate the CEO, it’s hard to imagine that the company wouldn’t be much better off.

Lots of these companies with high paying CEOs have products that were sold before they were hired and will continue after. Apple? Why do they even need a CEO?