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Average worker to CEO

By HippieChick589
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11 comments

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0

Inspiring. This means we need more CEOs!

RodLisht Level 4 Feb 5, 2019
1

Many good comments here. The one common thought seems to be; "Why do they get paid so much?". So, to look at that very valid question, I'd suggest seeing not only what they do, but how they do it, and what skills are needed to be successful. Then, looking at how that knowledge and skillset was developed over time. I worked closely with one CEO for around 4 years. It was enlightening. I won't comment on the salary ratio chart. I will say that I think a person who can be successful in the CEO position is a rare critter.

3

Save the middle class or perish in revolution.

Mooolah Level 8 Feb 5, 2019
2

And that was going on 6 years ago, based on the date of the chart...

slydr68 Level 8 Feb 5, 2019
2

Doesn’t make sense but we live in a capitalist society where somehow the average American has become convinced that the wealth of our 1% is a reflection of our success.

But what are you going to do when your government leaders give themselves pay raises and lifetime retirement for only four years of work?

1

Do you have the source because I think the UK is more often depicted at 250. But it really depends what’s included. Does this just include listed firms for eg?

Personally I think a better ratio is max to min salary within a single firm. So CEO to cleaner. Tells you a bit. And CEO to avg within that firm. Tells you quite a bit too. I’d see that statistic published publicly

I’d like one too because I believe the current ratio in the US is less than 400.

@indirect76 last I saw was 387 for the US.

At that level it hardly matters: the inequality will lead to extreme politics, division, civil discord and worse - and those with disproportionate wealth will not be persuadable to join in any endeavours to increase the common good. They have too much to lose and will indulge in extreme myopia about the problems around them and will spend significant sums trying to persuade the world that

A) those oroblems don’t exist; and
B) those saying otherwise have something wrong with them: socialist, trouble maker etc

@OwlInASack So, any given Tuesday...

@slydr68 yup. But keep pointing it out...

2

Good for them.

sfvpool Level 7 Feb 5, 2019

Not for us.

@Countrywoman Most CEOs contribute much more to you and the rest of us with their production, than you do to them.

3

Has to change.

Jolanta Level 8 Feb 4, 2019
2

Greedy fucks..from Bessos on down..

Charlene Level 9 Feb 4, 2019
4

Disgraceful. No CEO is worth that much!

@Biptu Well, does the CEO work 475 times as much as the average worker? I think math and common sense are the deciding factors here. I wonder why you lack those skills when it's so obvious. "Voluntary" exploitation is still exploitation.

@Biptu So what? It still is an obscene practice which, unfortunately, has become part of our culture. We can, and should, change that practice.

I'd argue that. But as I've only observed and worked closely with one.... my comments aren't any more valid than yours, Walt. But, how many CEOs have you worked with?

@bigpawbullets My work was in the e3ducational sector. There, we did not have CEOs who were paid far more than they were worth. We generally had quite competent and effective leaders who werde compensated adequately, but, by comparison, modestly.

@wordywalt
Aren't all faculty in public education paid by some government agency? I'm only familiar with how the system works here in Ohio. So, I'd say that the two systems aren't really comparable.

@bigpawbullets Your comment still does not justify the hugely exorbitant pay of business executives.

@wordywalt
No, it doesn't. And I wasn't defending or objecting to salary differences. I was simply stating that to understand why a CEO's salary is what it is.

4

This is a dangerous path we are headed down. History is littered with empires and countries brought down by greed at the top.

Sticks48 Level 9 Feb 4, 2019

Headed down? We are nearing the end of this particular path...

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