Average Difference Between You And Your CEO [Pic]

Submitted by: SaintPatty 5 years ago in

Why am I living in the United States again?
There are 130 comments:
Male 15,832
[quote]The companies that got bailouts should have had to hire a new board.[/quote]
Actually, they shouldn`t have gotten bailed out in the first place. Freedom also means freedom to fail. There`s nothing like a good old-fashioned bankruptcy auction to transfer resources from the hands of the incompetent to those who will use them more effectively and efficiently.
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Male 40,764
[quote]The companies that got bailouts should have had to hire a new board.[/quote]
100% right @patchy! I forget what feeble excuse both Bush and Obama`s administrations offered, but it would have been on MY list for sure! And no `golden parachute` for them! Only a golden shower!
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Male 5,811
At the very least I`d like to see CEOs that fail miserably get fired. It doesn`t seem like it happens that often but then I haven`t researched. The companies that got bailouts should have had to hire a new board.
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Male 8,550
Yaezakur-"Most minimum wage jobs are actually far more demanding, both physically and mentally"

I`m sorry, but if you find working the fry station at McDonald`s to be both physically and mentally demanding, then you are REALLY not cut out to be CEO. (Or for ANYTHING more complicated thant the fry station at McDonald`s).
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Male 2,850
@OldOllie

"Yes, the people at the top of the heap in the US do better than the people at the top of the heap elsewhere, but so do the people at the bottom."

Is that backed by fact, or are you just assuming?
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Male 12,138
OldOllie, thank you for your honest answer. Like I said, no cheap shots, I was genuinely interested to know.
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Male 15,832
Davy, I`ve been a few places near the US, but admittedly not outside the Western Hemisphere.

My point, though, was that you can`t make poor people rich by making rich people poor.

If an auto worker in the US has a higher standard of living (however you want to measure it) than his counterpart in any other country, why should he be pissed off because the CEO of Ford or GM makes more money than the CEO of Toyota or Volkswagen?

Yes, the people at the top of the heap in the US do better than the people at the top of the heap elsewhere, but so do the people at the bottom.
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Male 40,764
@Yaezakura: I mean comparatively, not in the recessionary 9% unemployment, eh?

To be a CEO requires DECADES of kissing butt! Watching one`s back & stabbing others & etc.
You cannot, ever, get out of business school and become CEO of IBM as your first job. m-kay?

And yes, in our broken (Canada and US and Europe are all pretty much alike) socialist-capitalist system, the government comes and bails out it`s buddies with taxpayer $$. It`s sickeing but true.
Clinton did it.
Bush did it.
Obama REALLY does it!
But they should not! If you take risk and fail, oh well! Better learn a lesson and do better next time.
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Female 385
^^bonuses. Succeed? Profit. Fail? Still profit.

Sounds pretty easy to me, when you come out ahead no matter what you do.
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Female 385
[quote]It`s EASY to work at minimum wage: easy to find a job, regular hours, not many brains involved.
Being a CEO is HARD! It requires years, if not decades of experience, you have to know everything about your company, you answer to a Board of Directors who`ll slit your throat if you make a single mistake.[/quote]
Hmm. I know people who have been looking for even minimum wage jobs for years. Almost nothing is ever available, and what few jobs there are go to people with degrees who can`t find work in their chosen field.

Most minimum wage jobs are actually far more demanding, both physically and mentally, than being the CEO of a company. The only real qualification for being a CEO is "don`t be retarded"--and most of them fail even at that level. As for CEOs having risk... hah. I seem to recall lots of big businesses going under, begging the government for handouts, then paying their "oh so smart" CEOs that ran the business into the ground huge bonu
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Male 2,419
This is why America no longer actually has competitive industries. Your main competitors are Japan and Germany and think of how much they must be reinvesting or paying their employees. At least buying equipment from the Germans and having it shipped over is making more jobs.
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Male 683
Don`t worry davy. When Europe goes down the crapper, we`ll be right behind you. Hell, if Obamalamadingdong gets reelected, we might even beat you there!

Sorry to tell you this but you are already down the crapper. Nobody has the guts to press the flush though because there isn`t a plumber on this earth who could deal with the consequences.
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Male 40,764
vv @davymid I think you just answered your own question!
It`s EASY to work at minimum wage: easy to find a job, regular hours, not many brains involved.
Being a CEO is HARD! It requires years, if not decades of experience, you have to know everything about your company, you answer to a Board of Directors who`ll slit your throat if you make a single mistake.

That being said, has anyone considered this:

Executive pay [quote]takes high taxes into account![/quote] So if they demand $1 million per year, you gotta actually pay the $2 million, half of which gets taxed away. Just food for thought...

Think of a Pro Baseball team: with YOUR current skills, what job would you get? Starting pitcher @$8 million? No? 40-home run guy @$6 million? No? Utility infielder? Third base coach? Water boy?
See? If you can`t DO the big-bucks job, why should anyone PAY you the big bucks?
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Male 12,138
[quote]So what. Become a CEO.[/quote]
Easy as that, eh? Say AJ, why aren`t you one? Take your time to formulate an answer.

In your own time, Aj. In your own time.
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Male 12,138
[quote]Don`t worry davy. When Europe goes down the crapper, we`ll be right behind you. Hell, if Obamalamadingdong gets reelected, we might even beat you there![/quote]
Again I`ll ask (please, not a loaded question), where have you been outside the US? I genuinely would like to know.
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Male 10,338
So what. Become a CEO.
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Male 15,832
Don`t worry davy. When Europe goes down the crapper, we`ll be right behind you. Hell, if Obamalamadingdong gets reelected, we might even beat you there!
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Male 12,138
You do realise that there`s a stereotype out there (as there is for all nations/peoples) that Irish are all drunks who love a good fight, that all Japanese are into weird tentacle porn, that all British people have bad teeth etc.

And the sterotype of Americans (I`m not a European fanboy by any stretch, left Europe to emigrate to Canada 2 years ago) that they`re all pompous arrogant twats, which the movie Team America parodied so well in their movie. Remember the song? "Team America, F*CK YEAH! Coming again, to save the mother drating day, yeah. Team America, F*CK YEAH! So lick my butt, and suck on my balls etc"

You do realise that you`re contributing to that archetype parochial American patriot don`t you? What am I saying, of course you do.
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Male 12,138
Where have you been Ollie? Mind telling us?

*sigh* I could point out that house size isn`t everything, that western Europe is extremely densely populated hence the small housing, that eastern Europe is extremely different to western europe (heck, whole different countries, imagine!), or even that the UN ranks the USA the 4th best country in the world in terms of HDI, behind Norway, Australia and Holland. Or that of the top 10 countries in the world to live in, 6 are European. But dude, that`s a pissing match.
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Male 15,832
[quote]OldOllie, again I`ll ask: You`ve never been outside of the US, have you?[/quote]
As a matter of fact, I have been. I wasn`t particularly impressed.

Here`s an inconvenient fact: a person living at the poverty line in the US has a larger house than the average European.
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Male 914
@DiePSPolice

Just because you can`t hire more people and expand your business doesn`t mean that other businesses can`t. Sure, if you`re selling fancy cars and electronics that people aren`t buying, you may have already reached market saturation. But if you`re creating food or consumer staples, things that the poorest people spend their money on, you can use your capital to expand quite rapidly. Don`t try to make others suffer just because you`re not in a lucrative business.
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Male 1,399
Lefties, not everybody is a politician.

Politicians destroy wealth to feed you what you demand. Cheap mortgages, union power, illegal alien voters...these things cost money.

CEOs create wealth to feed their stockholders. If they don`t, they are accountable. I`ll trust a greedy CEO every time over some unaccountable politician.
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Male 493
@ivran: "You have one of the best paying jobs in the country, so you`re either a whiny spoiled brat or doing something wrong."

That`s the point: these days a very well paying job (e.g. engineer) will give you a lower quality of life than a well paying job would have 50 years ago.

People in our parents` generation could have average jobs yet afford a nice home with a yard and a white picket fence, and live very cozy, comfortable lives.

On the other hand, I have a quite high paying job (~$160,000 a year), yet my quality of life is worse. My house cost over $650,000, and it`s smaller + crappier in a worse neighborhood than my parents`.

I am more productive and educated than my parents, yet what my greater salary can buy me is less than what my parents could afford.

That is what they mean when they talk about "erosion of the middle class." I`m not lazy. I have a job. The redistribution of wealth towards the top 1% makes
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Male 74
Bottom line: If you are going to mug someone or ransack their house, best it be the CEO of the pooty company you work for.
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Male 4,793
They can`t get away with it forever. I almost feel like the US needs a good old fashion violent rebellion.
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Male 493
@Hedkwab: "Taxes are too high on the rich to expand businesses, hire more employees, and give them better salaries. Businesses are laying off people and cutting pay because they can`t AFFORD to operate that way. Let the businesses run, and the jobs will open up.. drat 60% taxes"

It doesn`t work that way. Rich people like me don`t magically make jobs when we have more money - we save $$ because the economy sucks. What job am I going to create with more money? If I think I can sell something and make a profit, I create a job that creates that good or service, but who`s going to buy my new service or good? Nobody - because poor people don`t have any money.

Rich people don`t sustain an economy by buying one expensive car; the masses (the 99%) sustain the economy by going to Costco and buying ten million TVs. If you give me a tax break, I throw it into investments, and maybe buy 1 TV - I don`t go out and buy 50 TVs just because I can.
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Male 526
@Hedkwab if they`re laying off people at the same time that their personal bonuses stay the same or increase, I don`t want to hear any of that "they can`t afford to run businesses that way" bullpoo.
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Female 418
Wah, wah, wah
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Male 599
@SparkleBabys
Also, as an engineer, you shouldn`t care about the money. If money is the only thing you are looking for in a job, then you`re in the wrong profession, so just leave.
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Male 599
@SparkleBabys
You have one of the best paying jobs in the country, so you`re either a whiny spoiled brat or doing something wrong.
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Male 2,034
Don`t like it? Leave.
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Male 39,930

Hedkwab - [quote]"Taxes are too high on the rich to expand businesses" [/quote]
Did you just move to the US? `Cause last time I checked GE didn`t pay any taxes. And Exxon was receiving government subsidies despite record profits. And the tax rate for the rich is half what it is for the middle class.

But you`re probably right. We should just do away with taxing the rich at all. And get rid of that pesky minimum wage. Then they could afford to hire more people at $2.00 per hour.
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Male 2,586
wow... ok, lets say the minimum wage in England is say £7k per year (guesstimate) - so lets say that`s generously $15k in America

15*475 = 7.13M!!! OMG!!!
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Male 38
and yet another neat-O graph with no information source listed.
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Male 3
Why aren`t people protesting Washington? Thats where the policies that generated the current situation. The myth that a degree will guarantee you a good paying job was done by parents who knew that all the people they worked for had degrees. Funny that my brother who has a two year degree in electronics and works in maintenance makes 20k more than me with my degree in business. Supply and demand wins again.
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Male 3,060
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Male 8,550
SparkleBabys-"I`m in my 5th year as a chemical engineer,

Good for you.

SparkleBabys-"and I`m buried in student loans."

Man, you should find the banker who held you at gunpoint and forced you to sign those loans and have him arrested! (What? He didn`t? You volunteered for that? Well, sucks to be you, it`s a personal problem.) Read: YOUR DECISION.

SparkleBabys-"My business major friends, who will probably go on to be CEO`s "

Sorry, graduating as a business major does not gurantee a job, much less a position as CEO.

SparkleBabys-"This system, these ratios, they`re f.ucking bullpoo"

Those ratios, unless you plan on being a CEO, do not concern you. The CEO`s pay package will not effect your salary in any form whatsoever. If you are a good CE, you will make more. If you are a crappy CE, you will make less.

It`s been my exerience that 80% of engineers are people who have been
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Male 1,397
Amerika, Amerika....we`re all living in Amerika....
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Male 8,550
phirephoto-"where would the company be without the employees?"

That`s just it. There`s a very LARGE supply of employees. But a much smaller pool of people who can successfully run a Fortune 500 company.

The truth is that there is a reason for an average salary for a particular job. That`s because there is a significant pool of workers who can accomplish the same job and will accept `X` amount of wage.

Any trained monkey can flip burgers, and the pool of workers is HUGE, many of them students looking for spending money, so they get paid minimum wage. Should someone get paid more for the same thing just because they`re 40?

It`s just like buying tires. The 60K-miles-gurantee tires cost more than the 30K-mile-gurantee. BUT, if you have two sets of tires that are 30K-mile-gurantee, one is $200 and the other $100, which are more cost effective?
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Male 340
"Good for the CEO, he earned his money.
But the worker earned his money, too. Where is that go to? In the pocket of the CEO in the form of a bonus.

GIVE IT BACK!"

Taxes are too high on the rich to expand businesses, hire more employees, and give them better salaries. Businesses are laying off people and cutting pay because they can`t AFFORD to operate that way. Let the businesses run, and the jobs will open up.. drat 60% taxes
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Male 39,930

I have no problem with CEOs earning lots of money. They have needed skills. Logistical vision that directs a company into the most profitable future it can. That has value.

I do have a problem that they refuse to pay working people anything. Everyone knows, it`s well documentd and studied and graphed and pie-charted... salaries haven`t gone up in 20 years. While the cost of everthing has gone up, your earnings have not.

Good for the CEO, he earned his money.
But the worker earned his money, too. Where is that go to? In the pocket of the CEO in the form of a bonus.

GIVE IT BACK!
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Male 134
Source?
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Male 605
I wish they had the UK numbers, I`d love to know them.
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Female 158
Seriously, you have to be a radical to america about america to get close to whats fair
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Male 144
Exactly flibmeister. The lesson that should be learnt here is not to trust statistics on the internet especially if they don`t have reputable sources.
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Male 17,511
SparkleBabys: Stick with it, trust me. We need engineers like you and you could one day make a breakthrough that changes the world. Plus after 10 years or so of experience you`ll be making 6 figures a year, which isn`t shabby.
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Male 493
IMO the problem is not that CEOs make 400 times more money than an average worker; it`s that the old American Way is dying; when good old fashioned hard work = more wealth. America used to feel more meritorious that way. If your dad was a janitor you could get an education, get a job, and earn a nice middle class life. Now I feel like if you grow up in the slums, you stand very little chance of improving your life no matter how hard you work. Meanwhile, CEO`s son will do just fine no matter what he does.

What that leads to, is an erosion of work ethic, where everybody just tries to game the system instead of working hard.

BTW, I`m no jealous poor person; I`m in the top 5%, but it just doesn`t feel right. I could take the money I`ve saved, dump it in a low risk investment, quit my job, and literally do nothing but live off interest, which is more than my girlfriend will probably earn for the rest of her career.

That`s not an egalitarian, meritorious system.
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Female 833
on what planet does a ratio of £1450000 to £30827 come out as 22:1?!(average pay for a banking exec plus bonusses vs average pay for a male age 30+ in the uk)

answer: planet can`tdodamath. it`s 47:1. higher for women too cos we get paid less.
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Male 505
For the people who don`t see what`s wrong with this, seriously, drat you. fck you, drat you, f.uck you.
I`m in my 5th year as a chemical engineer, and I`m buried in student loans. I love drinking, but I haven`t even had time for a beer in almost a month now, because I`m participating in an internship and a research position.
My business major friends, who will probably go on to be CEO`s and whatnot, constantly make fun of me for being a lame nerd shut in studying all the time.
This system, these ratios, they`re f.ucking bullpoo, and those who see nothing wrong with it are either too high on their conservative bullpoo or don`t know what it`s like to think chili`s is a luxury vs ramen soup everyday.
I hate the OWS kids with their spoiled rotten iPads and poo too. I haven`t had new shoes in three years.
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Male 149
@davymid
he`s probably never been outside his trailer
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Male 149
GolfPunk69 nope, not bullpoo
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Male 450
@bataleon27

Lol, just lol.
By "experience" he means, everything they`ve learned to do with the $60,000,000,000 they inherited from daddy. The only burden they have is making their own sandwich on "the help`s" day off.
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Male 1,178
"Does the US CEO do 475 times as much work, or am I missing something here?"

Perhaps not, but they probably have 475 times the experience, commitment and burden of responsibility
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Male 58
Wait, so if the average workers wage in the US is $20,000 (non-CEO level employees), then on average CEO`s in the US get paid ~$10,000,000?

I`m calling bullsh?t
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Male 243
Venezuela, why so try to copy us and fail bad!?
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Male 2,344
you morons are missing the point...at 475 to 1 Americans workers on average are way behind the rest of the world`s workers in terms of what they make compared to what workers in other countries make based on pay differences between the ceo ans the employee. this is not a good thing for the US and does not make the US look good as many of you tards here seem to think it does.

no wonder this country is in so much trouble...
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Female 2,927
"Image clearly created by an American, judging by the countries listed. (i.e. the ones USA residents hate.)
and the yellow caution coloured background, states the image was created to shock."

did i miss something? since when did America hate japan? we hadnt had any problems with them since the sars thing and we forgave them pretty quick.
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Male 17,511
phirephoto: You might be surprised to know how many artists and independent contractors do just that, They are both worker and CEO.
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Male 347
Image clearly created by an American, judging by the countries listed. (i.e. the ones USA residents hate.)
and the yellow caution coloured background, states the image was created to shock.

I`d like to see an accurate version of this infograph +with Australia in it.
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Male 12,138
[quote]That goes a long way toward explaining why the USA kicks all their butts, or at least we did before Obamalamadingdong took over. [/quote]
OldOllie, again I`ll ask: You`ve never been outside of the US, have you?
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Male 15,832
That goes a long way toward explaining why the USA kicks all their butts, or at least we did before Obamalamadingdong took over.
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Male 329
@heShgn2: Yes, it is his / her company, but where would the company be without the employees? You could replace the CEO - have the company be a democracy, ie any changes to be made need a 3/4 approval. But can you run a company with just the CEO and no employees? No.
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Male 626
If the CEO`s company is making a ton of money, why shouldn`t he? It is his company, not the workers`.
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Male 17,511
morimacil: Steve Job`s widow isn`t employed by Apple Inc. either, she`s a large shareholder, not CEO. Steve, while he was alive certainly added immense value to Apple Inc., much more than Apple`s avg. worker.

It`s not about how much product you create with your hands, It`s about what you are worth to the company, Ideas, Innovation, Invention, all have value, even personality has value, after all a CEO is the `face` of his/her company.

Ask yourself why Michael Jordan gets large sums of money for appearing in ads ? Because the sight of him promoting Hanes, Nike, Gatorade, etc.. is more than worth what he is paid to do so in increased sales.
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Male 187
I don`t think anyone is saying that a CEO should make equal to an average employee. It`s the gap that is what people are mad about. I think a CEO should make more than an average employee, but, there is such a thing as "too much". That is what the vast majority of people don`t understand. Making $7.50 in todays world doesn`t allow anyone to live.

Drunk rambling over. Continue.
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Male 2,841
Success is awesome.
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Male 8,550
morimacil123-" They add 0 value to the product"

Using your advertiser as an example: An item that will not sell has no value. If the advertiser can get people to pay for it, he`s increased its value.
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Male 483
Archer:

You live in CANADA. Please take a close look at the chart, then STFU.
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Male 10,440
@MeGrendel I was obviously not referring to physical work. A robot could do a huge amount of physical work for zero pay.

@others I was being sarcastic. I guess it was lost on you.

@CEOs Beyond a certain threshold of personal income it is simply not possible to spend it all effectively. If you make the assumption that a rich person, CEO or otherwise, deserves the most comfortable, privileged lifestyle money can buy, *and then that`s what they get* - everything extra is wasted money. It might as well be taxed.
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Male 171
"Yeah...in the United States, people are more or less paid justifiably i.e. they`re paid what they produce. "
Hm, really? So a CEO produces 500 times more product than a factory worker? I think not.
Does he work 500 times harder than a factory worker? Nope.
How much does steve job`s widow produce? Nothing. How much does she earn?

You dont get paid based on what you produce. In today`s world, most ppl dont produce anything anyway. Lawyers, judges, advertisers, politicians, ... Do they produce anything useful? No. But they shift wealth around. Thats how they get money.
An engineer or architect actually helps to build a product, they are useful. Does an advertiser make the product any better? No, he just ensures that ppl buy it instead of other similar ones. He makes sure certain ppl get money instead of others, thats all. CEOs? Same thing. They add 0 value to the product, all they are there for is to make sure that specifc ppl get rich.
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Male 1,045
Lesson: work hard and you too could be a CEO.
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Male 17,511
grindinblade: Do you really know how many people it takes to make a yacht ? And do you know that all LCD TVs are made overseas ?

I haven`t heard of Warren Buffet or Bill Gates, or many other `Ultra-rich` lobbying for tax breaks for themselves, corporations yes, individuals ? Not many.

[quote]many of the corporate directors on the board report to the CEO[/quote]

Not correct, the people on corporate boards are the largest shareholders of that company, they aren`t beholden to the CEO, it`s the other way around.

As for CEO `pensions`, those are correctly termed `Golden Parachutes` and I agree that they should be eliminated, but that is really up to the negotiations between the company`s board and the CEO they plan to hire. I could also complain that teachers, policemen, firefighters, all the way up to governors, senators and presidents still get their pensions even if they performed horribly at their jobs.
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Male 525
Yeah...in the United States, people are more or less paid justifiably i.e. they`re paid what they produce. In European country, socialism robs a man of what he makes.

Socialism bad, capitalism good. Move on here, folks...
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Male 8,550
grindinblade-" does he continue to take a 7 figure pension for driving a company into the ground?"

That depends on the contract he works out with the board and/or stock holders. We are a country of laws.

If HE was smart (and had the history to back it up) he would have gone for a contract where he gets paid no matter what.

If THE BOARD was smart, they would negotiate a contract where he gets paid based on HIS performance (not necessarily the companies, as it`s very possible for a company to lose money due to an outside influence totally outside the CEO`s hands).
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Male 8,550
grindinblade-"I got $30K worth of student loans."

Which you voluntarily took on. No one forced you to take a loan.

grindinblade-"I feel I should be paid more given my education and experience as well as my contribution to society."

What you `feel` is irrelevent. If someone can perform your job at your level, but without the education, that doesn`t mean he should earn less. Your contribution to the company is the same.

Me and a co-worker got the same job in a chemical lab at the same time. He had a masters, I only had 10 years working in the field. He was offended that we started off at the same pay as `he had an masters`. Well, he was an idiot in the lab. That masters means absolutely nothing when you don`t realize that it`s a bad idea to put concentrated Nitric Acid into 35% Bleach solution. He lasted less than six months. I`ve been with the company for 12 years, working my way into research before taking a different job
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Male 234
One last post, CEO pay may be directly determined by the board. However, many of the corporate directors on the board report to the CEO making their decisions somewhat tainted. Outside directors are also on the board, but these are typically friends and cronies of the CEO further compromising the decision of the board to what is fair compensation.
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Male 234
Also if a CEO is there to increase stock value, why when a CEO is in control and there is a massive plumit in stock value does he continue to take a 7 figure pension for driving a company into the ground?
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Male 8,550
LazyMe484-"Does the US CEO do 475 times as much work, or am I missing something here?"

Yes, you are missing something. Logic.

Work is defined as the product of a force times the distance through which it acts. So, technically, a person pushing a wheelbarrow is performing more work than a salesperson calling customers. But in reality, the guy pushing the wheelbarrow is not earning the company near the profit that the salesman is.

The CEO brings with him leadership, knowledge, skill, prestige and contacts (amoung other things). He has the capability to make (or cost) the company millions or billions in profit.

Is that worth 475 times as much? I don`t know, nor do I care. That`s between him and the board. I have not idea what the CEO of my company makes. I just don`t care. They pay me what I agreed to work for.
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Male 234
CrakrJak so the money spent on a yacht creates the same number of jobs as if the amount was spent by the middle class? I`m not necessarily talking basic necessities, but 10000 people buying a lcd tv creates a hell of lot more jobs than buying one yacht. And you can`t deny that ultra rich and corporations have lobbied to create tax loopholes that they solely benefit from and deprive the US of revenue needed to build bridges, pay police and teachers, and for the excessive military spending the conservatives refuse to cut.
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Male 1,471
hooooly fack`n`balls... I agree that the guys at the top should be paid more, but honestly.. 475x ?!.. A bit excessive, don`t ya think ??
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Male 39,930
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Male 373
lolthisissotruelolz
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Male 363
Oh, I didn`t realize you were Canadian, That explains a lot...
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Male 363
Integid How Am I in any way saying I feel entitled? I do not. I only feel that I did what I was supposed to do and got my education and for that I got $30K worth of student loans on a $40K a year job. Yes, I can manage with my wife working but I feel I should be paid more given my education and experience as well as my contribution to society. If that is what you call a sense of entitlement, you are very misguided. Entitlement is the idea that one should get something for nothing. I have NEVER taken any kind of governmental assistance (unless you call student loans that) and I have Never asked for a handout. Dont get personal about this. I simply stated my opinion.
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Male 340
If you don`t like America YOU CAN GET OUT!
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Male 914
@gymcoach29

You remind me of the sleazebags in Greece carrying signs reading "everyone deserves a good pension!" There`s nothing more unappealing than a chronic sense of entitlement.
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Male 914
This is the bullpootiest piece of pooty bullpoo I`ve read on IAB in a very long time. That`s saying a lot.

Assuming the average worker in the US makes 42k a year, that means the average CEO makes 20 million f*cking dollars a year. That means for every small business owner earning 100k, someone else is being paid 40 million a year.

Sorry, but no. If you believe this then you are truly beyond hope of ever being intelligent.
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Male 17,511
grindinblade: CEOs don`t write their own pay and if shareholders earnings drop, they get fired. CEOs also pay a hell of a lot more in taxes than the avg. worker and spend their money on things like yachts, planes, and homes, and those things create jobs.

Just because the rich spend a lower percentage of their income on necessities, doesn`t mean a thing because they spend so much more on their wants and desires.
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Male 2,855
and in another list mexico was worse, so much for pointing real facts
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Male 63
gymcoach - I feel for you, teachers are very underpaid even though they are some of the most important people in our country, unfortunately with a free education system that will probably always be the case.

skullgrin - what don`t I get?
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Male 533
Source?
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Male 423
Corruption at its finest, wake up and smell the roses cause they smell like poo!
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Male 363
I have no issue with what these CEO`s make other than the ones who are getting bonuses in the millions despite driving the company into the ground and destroying the US economy with it. I also have issues with people who are making millions contributing NOTHING to the good of society (Entertainers, Athletes) I unfortunately was not born with a specific talent like singing. I got my masters degree, became a teacher and after 10 years still make less than $45K per year. THAT I have a major issue with.
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Male 936
"If you don`t like it maybe you should do what these CEOs did and devote your whole life to making it. Start young, get a college education, get a job and be the best at it, work your way up the chain until you make enough money that you`re happy with it. Oh wait what`s that, you`re not dedicated enough to give up most of the things you enjoy to do that? Then stop complaining that they make more than you."

SMH...you dont get it.
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Male 234
Crakrjak are american CEOs somehow better than foreign CEOs that still manage to maintain companies that compete with US ones? When CEOs essentially get to write their own pay and benefits the destroy shareholders earnings forcing companies to make pay cuts elsewhere.
Large earners like CEOs spend much less of their income on goods than the average middle class worker. Increasing taxes on those that make more would not cripple the economy as you have previously suggested in other posts, as most of those dollars won`t be spent in the US. The average worker however spends a much larger portion of his paycheck, and easing their tax burden would result in more spending.
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Male 63
If you don`t like it maybe you should do what these CEOs did and devote your whole life to making it. Start young, get a college education, get a job and be the best at it, work your way up the chain until you make enough money that you`re happy with it. Oh wait what`s that, you`re not dedicated enough to give up most of the things you enjoy to do that? Then stop complaining that they make more than you.
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Male 17,511
Kaylen: It`s not about `Need` it`s about `Worth.
Sure, we could be communist and pay everyone the same amount, but then where would the drive to work harder, innovate, or invent new things come from ?

People work hard to get better pay, they invent things to become their own boss and get wealthy. People take risks because they want the reward, without the reward no one takes the risk.
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Male 17,511
grindinblade: The average UAW workers compensation has nearly 60% of it going toward their benefits. Which means that if they are paid $30/hr. in their paycheck, $45/hr. goes toward their benefits, which are some of the best there are.

I know this because my Father was an union autoworker and have a cousin that still is. Other industries differ in their benefits packages, of course, some barely have any benefits at all, but they should still be factored into the equation.
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Male 1,197
darkmagic14n
Male, 18-29, Western US
365 Posts Friday, December 02, 2011 4:42:30 PM
Why am I living in the United States again?


have you tried living elsewhere? you`ll be crawling back to america sooner than you`d think

or not d1ckhead, there are plenty of nice places to live in the world, you should try getting out once in a while
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Female 2,674
"have you tried living elsewhere? you`ll be crawling back to america sooner than you`d think"

There are plenty of countries that I can think of where I`d be happier or better off than in the US. I know the US likes to spread "USA is numba ONE!" propaganda for everything but it`s sadly not true. It`s not like every country besides the USA is a poo hole or something like you seem to be implying.
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Female 4,084
all i know is that i`ll be 55 next month and i`m hopelessly underemployed. used to make more than double what i make now but my profession no longer exists. so it sucks to be me right now. but hope springs eternal.
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Female 114
Go figure, why the hell would someone need THAT much money anyway? If I can live off $20/hr, so can everyone else including the CEOs.
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Male 17,511
What CEOs are paid in America is usually consistent with the worth of their services to the company, otherwise the company`s board would simply not pay them so substantially.

It is also not easy to find good experienced CEOs, they simply don`t grow on trees, and when a company finds a great CEO, they don`t want to loose them to the competition by paying them too little.

Even if a law were made to lower executive pay, companies would find ways around that law, just as they do with their taxes now.
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Male 432
JoeYC i don`t know if you`re trying to argue or if you just kinda said that with some edgy wording, but hey all I said was that the 425:1 ratio was false, and I linked an article to more credible information. It`s been a while since I read it, and i remembered the 325:1 part.
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Male 234
@crackrjack do you really think that the average workers benefits would even really put a dent in that statistic. Let`s assume split health care insurance as employee still pays a deductable, maybe a pension if they are lucky, and very small amount of stock options if they are very lucky.
No F$*@ING seriously do even hear yourself sometimes?
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Male 234
even if the actual figure is 325:1 it is still grossly different than other countries indicating a big problem in the US. If corporations really care about cutting costs they should cut CEO salary in half rather than laying off workers. Some people here seem to think that it is okay for someone in power to dictate what incomprehensible amount of money they make, write their tax code by lobbying congress to get rates down to near nothing, and then claim `class warfare` when others point out how ridiculous this really is.
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Female 1,380
I`m going to try and become the CEO of home depot one day....wish me luck...I`ll donate $1 to all IABers if it ever happens :)
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Male 4,431
Ah, so, it`s *only* about 185 to 300 times the average worker`s salary. Well, that`s just a WHOLE lot better. [/sarcasm]
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Male 721
oooh at it appears i didnt read your last post! oops!
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Male 17,511
I`m betting that they are counting bonuses and stock options on the CEO side and not counting benefits on the avg. worker side.
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Male 721
@xtkm1x You didnt read the article did you?

"But in its claim that the U.S. ratio is 475 to 1, the chart conveys a sense of certitude and statistical precision that simply isn`t warranted -- and which is contradicted by the facts. The latest number for the U.S. is 185 to 1 in one study and 325 to 1 in another -- and those numbers were not generated by groups that might have an ideological interest in downplaying the gaps between rich and poor. We rate the claim on the U.S. ratio False."
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Male 721
"CEOs of the largest companies received, on average, $11.4 million in total compensation last year"
http://www.aflcio.org/ corporatewatch/paywatch/

So its definatly not true if the above is correct.
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Male 432
FOUND IT! There ya go. Link to the truth
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Male 721
i dont think its that true... if an "average worker" gets paid say 30,000 a year, i doubt the CEO gets 14million a year...
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Male 1,625
[quote]Why am I living in the United States again? [/quote]

have you tried living elsewhere? you`ll be crawling back to america sooner than you`d think
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Male 432
NOPE. I saw this debunked. I`ll look for the link now; it`s 325:1 or something.
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Male 638
"Does the US CEO do 475 times as much work, or am I missing something here?"

No but create more than 475x the revenue of the average worker.

It`s why movies pay actors millions, and sports teams pay athletes millions, because they create revenue.
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Male 2,422
Does that include bonuses or no?
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Male 4,431
Reference: can be found here. Heritage Institute.
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Male 7
When did people get the idea that they are entitled to make as much as they`d like? If you really want to make that kind of money, devote your life to figuring out how to work economics to your advantage like most of these people did. Oh and to LazyMe484, never, in the history of anywhere in the world, did your paycheck relate to the quantity of work you did.
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Male 599
Those look like some pretty easy numbers to make up.
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Male 10,440
Also it should say average CEO vs average worker, cause` there are obviously many CEOs.
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Male 10,440
I agree, needs references. But I also think there is truth in it despite that.
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2,843
wheres china? higher? lower? the same? just curious
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Male 34
There really could be some out-liers in the info. People who really skew the study, like bill and the late steve jobs.
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Male 878
Without refrencing sources this is a somewhat useless statement since 83% of statistics are made up on the spot.
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Male 10,440
Does the US CEO do 475 times as much work, or am I missing something here?
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Male 721
So? they are more important to a company...
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Male 104
What`s the word for this.....oh yeah, repost
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Male 970
Link: Average Difference Between You And Your CEO [Pic] [Rate Link] - Why am I living in the United States again?
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