CEOs get paid too much - says everyone in the world

[apepi]

What do the CEOs think?

[Joathen]

It's funny watching people naively trumpet around the notion that there's no "Good ole' Boys Club" as far as the Board and CEO positions go- it exists, it's the culture and the way it's done- it's even being blamed for keeping Latinos out of the board room apparently: http://latino.foxnews.com/latino/mon...latinos-group/

But naw', there's no circle jerk going on.

[Deleted]

I've seen someone on tv the other day complaining about this very subject.
He was a 40-ish guy in a band T-shirt, shaggy pants and a tattoo.

According to him it wasn't fair that he didnt get anywhere in life and some people do... :P

[Rennadrel]

So what is your solution?

Kill em all. Time to take over.

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CEOs also shoulder an incredible burden of responsibility for the entire company - in most cases they've also worked their butts off and been very successful to get where they're at. That being said, there are certainly times when passing on a bonus when you're organization is laying people off is probably the smart thing - when some get greedy is what everyone finds irritating.

Oh yeah? What about us fucking blue collar workers who are worked to the bone so everyone in upper management and in executive positions can line their pockets with personal bonuses while all we get is a big fuck you in the form of a 'good job team'. I am sick of shit management posturing trying to pretend that they care about us but the reality is that the skilled workers and laborers are the one's who make a company money and shoulder most of the workload, there is zero justification for us getting paid unfairly and having shit benefits.

[Mayhem]

I don't get the issue. If you think someone is paid to much, shits to you. If you want to change something, start your own hundred million dollar company, and be the CEO who gets paid only 20% more than the average employee. Otherwise, deal with it. You have literally no right to dictate how much a CEO is allowed to make. None. They don't make a living because of you, they make a living because they created something YOU want. They owe you nothing but the item or service you purchased from them.

you know, you´re kind of wrong here, because, they might not own me or anyone directly, but they should at least pay taxes and don´t think for one second that they can´t afford it, also what you seem to be forgetting here is, as nice as capitalism is for a few, we have this social construct where regardless of wealth you benefit from society, the more you benefit from it, the more you have to return

[Raelbo]

I agree that CEO's get paid too much, however, the people who decide how much they get paid don't seem to agree. Interesting, eh?

I read an interesting article the other day regarding this phenomenon. Basically the principle is as follows:

Company boards have this idea that they want the best CEO. In order to get the best CEO they believe they need to offer the biggest financial incentive. As soon as you have multiple companies doing this it sets up a feedback loop where each company keeps on raising their CEO salaries to outdo the other companies. It's a vicious cycle that has resulted in CEO's getting paid far more than they are actually worth.

The irony is that CEO's who are so mercenary as to choose their jobs based on greed are not going to make the best CEO's. The best CEO's are those that are passionate about the companies they lead. A great leader won't care whether he/she is earning $10M or $100M.

[Stormdash]

It's nobody's business how much anybody makes other than the buyer (the employer/hiring authority) and the seller (the worker). Everything else is someone trying to rationalize them getting to decide your business for you.

[Fugus]

It's nobody's business how much anybody makes other than the buyer (the employer/hiring authority) and the seller (the worker). Everything else is someone trying to rationalize them getting to decide your business for you.

Well, if you look at this, this is what it is.

This is the workers collective views on this.

The thing is the workers have next to zero leverage in getting these things done, especially without Unions to collectively bargain (assuming they are competent and doing their job and not co-opted by the company they are supposed to negotiating with).

Lets face it, most people think they deserve more, and they are right, but they lack the power to negotiate that.

Negotiating your wage for most people with a company is about like negotiating a hostage situation as the hostage in a deserted Somalia desert with no one to help you.

[haxartus]

A CEO getting paid 50 million a year is not much. They hold the responsibility for the entire company on their shoulders and don't even get paid 1% of the profit. They are not getting in the super rich club with that $50 million either.
Of course, nobody talks about the rich shareholders that earn billions for basically doing nothing and hire some person for a fraction of that amount to do all the work and have all the responsibility.

[Lenonis]

A CEO getting paid 50 million a year is not much.

wut?

They are not getting in the super rich club with that $50 million either.

WUT?

What kind of twisted world view do you have that someone getting paid $50 million a year is not much nor super rich? Jesus.

[Naxere]

wut?

How do you feel about pro athletes making millions to play sport?

[Lenonis]

How do you feel about pro athletes making millions to play sport?

I think it's ridiculous and it is reflective of the screwed up priorities we have in the US. Same thing with actors, musicians, etc. Entertainment should not be held as thousands of times more valuable than teachers, EMT workers, etc.

[Daelak]

How do you feel about pro athletes making millions to play sport?

How do you feel about children under the age of 18 making up the majority of the welfare roles in this country?

[Kruncholyo]

"It simply is not the case that if a CEO makes a hundred grand less next year, then there’s $100,000 sitting on shelf somewhere waiting to become part of some unemployed guy in Toledo’s “share of the national income.” Income isn’t a bag of jellybeans that gets passed around."

"We do need radical economic reform, not of the sort that Elizabeth Warren desires but of the kind that will allow the modestly off to thrive through mechanisms other than the largesse of politicians looting others on their behalf."

"What Paul Krugman et al. should do rather than fret about the rich and their conspicuous consumption is take the advice of a superior economist, the one who suggested that we should “focus on the stagnation of real wages and the disappearance of jobs offering middle-class incomes, as well as the constant insecurity that comes with not having reliable jobs or assets.” That’s not advice for a rich-are-too-rich problem, it’s advice for a poor-are-too-poor problem. And those are not the same problem."

A few quotes from Kevin Williamson (http://www.nationalreview.com/articl...n-d-williamson )

Now, some would argue that the poor are too poor because the rich are too rich. However, that goes back to the fixed amount of labor fallacy and ignores the realities of how economies function. It's easy to bash the 'job creators', but it's hard to structurally enable workers to benefit from their labor without erecting a multitude of bureaucratic offices, and sending swarms of officers to harrass the small businesses that employ those people, and eat out their substance (see: Albany New York, Washington DC, Brussels, Madrid, Rome, Beijing, etc.).

It's not an easy fix when labor is globalized and incomes for unskilled workers fall due to illegal immigration and concomitant illegal (i.e. untaxed) employment of said illegal immigrants.

[Daelak]

It's not an easy fix when labor is globalized and incomes for unskilled workers fall due to illegal immigration and concomitant illegal (i.e. untaxed) employment of said illegal immigrants.

Sure it is. Amnesty, and a federally mandated minimum wage that is tied to production, and voila you have higher wages. It is an easy fix if you don't have obstructionist conservatives protecting the interests of the wealthiest people on the planet.

[Deleted]

I love the part about how when answering to a blind test, 92% of Americans would choose to live in jolly old socialistic Sweden.