Well of course they make less than you think. They are just imperfect human robots for now...
http://money.cnn.com/2018/04/19/tech...ary/index.html
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Well of course they make less than you think. They are just imperfect human robots for now...
http://money.cnn.com/2018/04/19/tech...ary/index.html
CEO Pay: How Much Do CEOs Make Compared to Their Employees? [[full list)Quote:
The underwhelming figure was made public as part of a new rule put into effect this year by the Securities and Exchange Commission requiring companies to disclose the pay ratio between their CEOs and overall employees.
It ranges from CVS Health Corp with a "cash pay ratio" of 434:1 down to Servicenow, Inc. with a ratio of 6:1. Note that the total CEO compensation is greater than cash compensation because of stock options, etc., which makes reality even more disparate than these figures.
What would happen if everyone boycotted the companies at the top of the list and instead gave that business to those at the bottom?
Top of the list CVS $48 billion in revenue
Bottom of the list Servicenow $1 billion
It would be Kinda hard to boycott the top because they are into everybody's daily life,the bottom ones are mostly tech and it would be hard to boycott Oracle for PayPal because you would not be able to buy anything and it would hurt the eBay sellers more then the boycott target.
In the CVS aspect would you pay the CEO 12 million in order to generate 48 billion?
The rest are performance related options,they do not perform,they do not get paid the rest.
The easiest way to beat the system is for one to start their own company and then they are on easy street with no worries.
There are some countries where when a factory closed the workers took it over and now run it as a co op,the downside is you do not make revenues you do not eat.
But even in socialist countries they have a tough time eating,the gov guarantees a job and a wage and a roof over your head,if it leaks it is on you,the wage is a substance wage nothing more.
I'm sorry, but Jeff Bezos did not come to be the richest individual in the 21st century by making $1.67 mill per year. His compensation package is light years beyond that.Quote:
Originally Posted by MizMotown
Jimaz is right on the money. More so, the article is negligent in leaving out total compensation package figures, and only presents a cooling effect on a very important topic that gives people quantifiable indicators across all industries and professions.
I'm willing to bet that Bezos' ratio comes in at somewhere in the 1000's to 1 ratio. Would it even surprise you?
This thread conjures up connotations of “The Great ONE”s never to be forgotten immortal words “Huh, you didn’t build that”; with all it’s implied unspoken “put-downs” of successful people.
Businesses are not started to produce “highly” paid jobs unless it’s the government redistributing other people’s money to “make work”. They’re started to produce PROFIT for stockholders.
There’s no such thing as a correct “cash pay ratio” except perhaps in the minds of Socialists who fail every time they’re given the chance.
CEO pay is rarely tied to performance, at least in this country. CEOs can absolutely tank a company's performance and STILL walk away with 8-figure golden parachutes.Quote:
Originally Posted by coracle
Toys R Us, in the middle of bankruptcy proceedings and liquidation, gave $14 million in bonuses to its 17 top executives at the same time they gave pink slips to all of their employees. Now, is it unfair to those "successful" executives to put them down? What about the state of that company would YOU define as "successful" such that those executives deserved bonuses?
YOUR “Great ONE”s snide comment “Huh, you didn't build that” covered ALL successful people, not just those at Toys R Us.Quote:
Originally Posted by aj3647
If I were one of their executives I would feel I deserved to be included in the $14 million bonus to stay and manage a controlled closure rather than “jump ship” and take one of the many jobs looking for successful people, and not leave a Company of 64,000 employees in chaos.
And to ANYBODY that “put me down” I would say “up yours”.
I guess the goal would to become a CEO,nobody offers to work for the same pay throughout their career,it would make advanced education meaningless and everything else people do to get ahead in life.I think it is referred to as incentive.
Nobody is putting you down because you are neither rich nor successful.Quote:
Originally Posted by coracle
YOU take everything out of context to make points that are not in dispute. The operative word in my note was “IF”. I didn’t claim to be rich or successful [[even though I was the latter and am the former - relatively). YOU must be a democrat or even worse a socialist.Quote:
Originally Posted by aj3647
And you're the guy who thinks that executives deserve seven figure payouts regardless of how well they perform in their jobs. I guess that makes you a bootlicker for your "betters." Go get your shine box, coracle, Dave Brandon over at Toys R Us needs a shine.Quote:
Originally Posted by coracle
Sorry, I can’t see any relevance of what you’ve written. It’s just nonsense.Quote:
Originally Posted by aj3647
Here, I'll give it a go:Quote:
Originally Posted by coracle
You're a wanna-be elitist, that expects the government to govern not only to your isolated benefit, but more so against most of those only looking for a reasonable standard of living. After all, any semblance of security on the middle classes part is misdiagnosed by your ilk as splurging, and living outside ones means.
And once you've finished patting yourself on the back for your perceived achievements [[all still hypothetical at the moment), you can point your crooked fingers at the poor, needy, elderly and foreign beings among us, decrying them as the "real" culprits of our culture. A true socio-economical charlatan, who is first to the trough every time, over-serving oneself out of fear, denial and greed. The crumbs you would leave for others is what helps you sleep at night, and begin another day of treachery and depravity.
But alas.... you're not invited to that party. And you never will be. Because.
Any clearer?
^ where were you when Chavez needed inspiration? Or is that one of his speeches in order to justify appropriation of everybody's business and lands.
So the goal is,everybody makeing over $15 per hour needs to donate the rest to everybody that makes under $15 per hour that way everybody can sleep at night,heck I could even quit my day job and stay home and still collect my $15 per hour because it is my right and society owes me because I was born,check is in the mail?
Hugo Chavez,you know the one who had the same mindset,champion of the poor and downtrodden,sooner or later the money had to run out now everybody is equally digging in the town dump for the next meal.
His net worth was over 1 billion when he died and he kept his family nicely secure in Miami,socialism only works for the ones at the top and everybody else is their servants to feed that bank account especially those who are to blind to see the realities of it.
Anybody that tries to shame others for trying to better their life financially is a special kind of something,you do not like the situation that you are in,change it yourself and stop looking at others to pay your way,it is kinda what adults do,people that prefer a socialist society can move to the socialist country of their choice,although they have strict immigration policies so that may be difficult but why make life hard trying to convert an entire country that will never go down that road.
It’s interesting you should write that at this time Richard because I see Sanders is going to announce some [[socialist) scheme which will guarantee a Govrnment job for everybody that wants one at $15 per hour plus Health Care.
Lol yea I read about it including this part,but it should be a way to get votes.
It always looks good on paper until it needs to be paid for.
A representative from Sanders’s office said they had not yet done a cost estimate for the plan or decided how it would be funded, saying they were still crafting the proposal.”
Reminds me of that boondoggle wall that Lord Trump wanted to put up. Remember that one? The one that he declared would be funded by Mexico?Quote:
Originally Posted by Richard
Do you not see the similarities towards what you are suggesting? But it begs the questions still: Which boondoggle would you rather have in the end; one that provides income opportunity to millions of Americans? Or one that is designed to limit the number of status-seeking americans?
While Bezos continues to be allowed to accumulate billions of $$ of personal net worth, while his lowest paid employees are hovering at below-poverty wages - the aforementioned question is simply a no-brainer to me. It would also suggest a lot about where ones moral compass falls when considering topics like these.
There’s zero similarity between a one time funding for The Wall and a continuous pissing away of our money for income to pay for Government jobs that don’t exist and won’t produce anything.Quote:
Originally Posted by TKshreve
On the other hand if the labor was used to build the Wall we’d get some value added for our money, and it would reduce those “foreign beings” [[your terminology) that are invading us for our welfare.
I can clearly see though from your original note why it’s simply a no-brainer to you.
Well, the discussion is moot nonetheless, as Mexico is paying for the wall. To keep themselves out. Of America.Quote:
Originally Posted by coracle
lol
Oh, and what's your solution to employing the vast, ever-increasing, under-employed sector of ably bodied Americans? Keep/kick the Mexicans out? Because welfare abuse, and..... dey took err jobs?
You do realize that there are millions of Americans that were not born with a silver spoon that get up everyday and go to work,make sacrifices everyday to get a better education in order to have a better life,everybody struggles and people bite their lip and put up with others crap everyday because they know that when they put their best effort forward it offers returns in the long run.Quote:
Originally Posted by TKshreve
That is the difference in this country,opportunity is there and you have the choice to go after it and do what it takes or sit there in the dark with no power waiting for the government to take care of you.
Bezos had the same opportunity just as everybody else did,I do not know his background but who knows maybe he was able to have a comfortable start.
It is the governments job to get involved in business when it comes to strong arm control that limits everybody else's opportunity and keep corperations from useing servitude.
But this is the land of opportunity and you do not get that by limiting it.
I work on the principle of give a man a fish and he eats for a day but teach a man to fish he eats for a lifetime.
Funny thing is when the currant president implemented that program it was shut down by a big pharm CEO that got offended.
He also tried to implement a program where students in college would be hired in a field of study so when they graduated they not only would have been expirenced but would have had a good paying job to payback the student loans without having to eat beans every night.
But guess what,that program was not implemented because the Dems wanted all out student loan forgiveness.
So now the students still have to pay that debt while living in their parents house with little job opportunity,but hey that politician is cool because they said they would take away our debt and we can always blame the currant president for the misery.
The corperations are easy targets,but in case people have not noticed there has always been income variations one needs to decide between trying to change a 1000 year system or do what it takes to better themselves and become the next Bezos,or not but under that currant system you do have that choice.