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Date: 12/02/11 03:52 PM

130 Responses to Average Difference Between You And Your CEO [Pic]

  1. Profile photo of SaintPatty
    SaintPatty Male 18-29
    970 posts
    December 2, 2011 at 3:54 pm
    Link: Average Difference Between You And Your CEO - Why am I living in the United States again?
  2. Profile photo of jav805
    jav805 Male 18-29
    104 posts
    December 2, 2011 at 3:58 pm
    What`s the word for this.....oh yeah, repost
  3. Profile photo of JoeYC
    JoeYC Male 18-29
    721 posts
    December 2, 2011 at 3:58 pm
    So? they are more important to a company...
  4. Profile photo of LazyMe484
    LazyMe484 Male 18-29
    10441 posts
    December 2, 2011 at 4:01 pm
    Does the US CEO do 475 times as much work, or am I missing something here?
  5. Profile photo of burbclaver
    burbclaver Male 50-59
    878 posts
    December 2, 2011 at 4:03 pm
    Without refrencing sources this is a somewhat useless statement since 83% of statistics are made up on the spot.
  6. Profile photo of Airfalco
    Airfalco Male 18-29
    34 posts
    December 2, 2011 at 4:06 pm
    There really could be some out-liers in the info. People who really skew the study, like bill and the late steve jobs.
  7. Profile photo of skypirate
    skypirate Male 18-29
    2404 posts
    December 2, 2011 at 4:07 pm
    wheres china? higher? lower? the same? just curious
  8. Profile photo of LazyMe484
    LazyMe484 Male 18-29
    10441 posts
    December 2, 2011 at 4:10 pm
    I agree, needs references. But I also think there is truth in it despite that.
  9. Profile photo of LazyMe484
    LazyMe484 Male 18-29
    10441 posts
    December 2, 2011 at 4:12 pm
    Also it should say average CEO vs average worker, cause` there are obviously many CEOs.
  10. Profile photo of ivran
    ivran Male 18-29
    599 posts
    December 2, 2011 at 4:14 pm
    Those look like some pretty easy numbers to make up.
  11. Profile photo of cronotose
    cronotose Male 18-29
    7 posts
    December 2, 2011 at 4:17 pm
    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.
  12. Profile photo of SmagBoy1
    SmagBoy1 Male 40-49
    4432 posts
    December 2, 2011 at 4:31 pm
    Reference: can be found here. Heritage Institute.
  13. Profile photo of xiquiripat
    xiquiripat Male 18-29
    2422 posts
    December 2, 2011 at 4:32 pm
    Does that include bonuses or no?
  14. Profile photo of ajd121
    ajd121 Male 18-29
    625 posts
    December 2, 2011 at 4:38 pm
    "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.
  15. Profile photo of xtkm1x
    xtkm1x Male 13-17
    432 posts
    December 2, 2011 at 4:39 pm
    NOPE. I saw this debunked. I`ll look for the link now; it`s 325:1 or something.
  16. Profile photo of darkmagic14n
    darkmagic14n Male 18-29
    1625 posts
    December 2, 2011 at 4:42 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
  17. Profile photo of JoeYC
    JoeYC Male 18-29
    721 posts
    December 2, 2011 at 4:42 pm
    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...
  18. Profile photo of xtkm1x
    xtkm1x Male 13-17
    432 posts
    December 2, 2011 at 4:44 pm
    FOUND IT! There ya go. Link to the truth
  19. Profile photo of JoeYC
    JoeYC Male 18-29
    721 posts
    December 2, 2011 at 4:44 pm
    "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.
  20. Profile photo of JoeYC
    JoeYC Male 18-29
    721 posts
    December 2, 2011 at 4:45 pm
    @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."
  21. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 4:45 pm
    I`m betting that they are counting bonuses and stock options on the CEO side and not counting benefits on the avg. worker side.
  22. Profile photo of JoeYC
    JoeYC Male 18-29
    721 posts
    December 2, 2011 at 4:47 pm
    oooh at it appears i didnt read your last post! oops!
  23. Profile photo of SmagBoy1
    SmagBoy1 Male 40-49
    4432 posts
    December 2, 2011 at 4:52 pm
    Ah, so, it`s *only* about 185 to 300 times the average worker`s salary. Well, that`s just a WHOLE lot better.
  24. Profile photo of JUGGALETTEx0
    JUGGALETTEx0 Female 18-29
    1380 posts
    December 2, 2011 at 4:58 pm
    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 :)
  25. Profile photo of grindinblade
    grindinblade Male 18-29
    234 posts
    December 2, 2011 at 5:03 pm
    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.
  26. Profile photo of grindinblade
    grindinblade Male 18-29
    234 posts
    December 2, 2011 at 5:06 pm
    @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 [email protected] seriously do even hear yourself sometimes?
  27. Profile photo of xtkm1x
    xtkm1x Male 13-17
    432 posts
    December 2, 2011 at 5:15 pm
    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.
  28. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 5:19 pm
    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.
  29. Profile photo of Kaylen226
    Kaylen226 Female 18-29
    114 posts
    December 2, 2011 at 5:20 pm
    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.
  30. Profile photo of slut_etta
    slut_etta Female 50-59
    3849 posts
    December 2, 2011 at 5:20 pm
    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.
  31. Profile photo of LillianDulci
    LillianDulci Female 18-29
    2674 posts
    December 2, 2011 at 5:25 pm
    "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.
  32. Profile photo of Selous
    Selous Male 30-39
    1197 posts
    December 2, 2011 at 5:28 pm
    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
  33. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 5:29 pm
    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.
  34. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 5:36 pm
    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.
  35. Profile photo of MikeRotch
    MikeRotch Male 18-29
    63 posts
    December 2, 2011 at 5:42 pm
    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.
  36. Profile photo of grindinblade
    grindinblade Male 18-29
    234 posts
    December 2, 2011 at 5:50 pm
    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.
  37. Profile photo of skullgrin
    skullgrin Male 18-29
    937 posts
    December 2, 2011 at 5:55 pm
    "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.
  38. Profile photo of gymcoach29
    gymcoach29 Male 30-39
    363 posts
    December 2, 2011 at 5:55 pm
    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.
  39. Profile photo of NOCASH
    NOCASH Male 18-29
    423 posts
    December 2, 2011 at 6:02 pm
    Corruption at its finest, wake up and smell the roses cause they smell like poo!
  40. Profile photo of razlem
    razlem Male 13-17
    533 posts
    December 2, 2011 at 6:03 pm
    Source?
  41. Profile photo of MikeRotch
    MikeRotch Male 18-29
    63 posts
    December 2, 2011 at 6:03 pm
    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?
  42. Profile photo of Quackor
    Quackor Male 18-29
    2856 posts
    December 2, 2011 at 6:21 pm
    and in another list mexico was worse, so much for pointing real facts
  43. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 6:35 pm
    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.
  44. Profile photo of intrigid
    intrigid Male 18-29
    914 posts
    December 2, 2011 at 6:36 pm
    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.
  45. Profile photo of intrigid
    intrigid Male 18-29
    914 posts
    December 2, 2011 at 6:39 pm
    @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.
  46. Profile photo of Hedkwab
    Hedkwab Male 18-29
    340 posts
    December 2, 2011 at 6:55 pm
    If you don`t like America YOU CAN GET OUT!
  47. Profile photo of gymcoach29
    gymcoach29 Male 30-39
    363 posts
    December 2, 2011 at 7:03 pm
    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.
  48. Profile photo of gymcoach29
    gymcoach29 Male 30-39
    363 posts
    December 2, 2011 at 7:04 pm
    Oh, I didn`t realize you were Canadian, That explains a lot...
  49. Profile photo of tatervent
    tatervent Male 18-29
    373 posts
    December 2, 2011 at 7:04 pm
    lolthisissotruelolz
  50. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36668 posts
    December 2, 2011 at 7:05 pm
  51. Profile photo of Kain1
    Kain1 Male 18-29
    1473 posts
    December 2, 2011 at 7:37 pm
    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 ??
  52. Profile photo of grindinblade
    grindinblade Male 18-29
    234 posts
    December 2, 2011 at 7:44 pm
    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.
  53. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 2, 2011 at 7:46 pm
    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.
  54. Profile photo of grindinblade
    grindinblade Male 18-29
    234 posts
    December 2, 2011 at 7:47 pm
    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?
  55. Profile photo of grindinblade
    grindinblade Male 18-29
    234 posts
    December 2, 2011 at 7:52 pm
    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.
  56. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 2, 2011 at 7:56 pm
    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
  57. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 2, 2011 at 8:01 pm
    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).
  58. Profile photo of M_Archer
    M_Archer Male 18-29
    525 posts
    December 2, 2011 at 8:01 pm
    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...
  59. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 8:16 pm
    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.

    many of the corporate directors on the board report to the CEO

    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.
  60. Profile photo of Edgarska19
    Edgarska19 Male 18-29
    1045 posts
    December 2, 2011 at 8:22 pm
    Lesson: work hard and you too could be a CEO.
  61. Profile photo of morimacil123
    morimacil123 Male 18-29
    171 posts
    December 2, 2011 at 8:33 pm
    "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.
  62. Profile photo of LazyMe484
    LazyMe484 Male 18-29
    10441 posts
    December 2, 2011 at 8:43 pm
    @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.
  63. Profile photo of IrishJesus
    IrishJesus Male 18-29
    483 posts
    December 2, 2011 at 8:49 pm
    Archer:

    You live in CANADA. Please take a close look at the chart, then STFU.
  64. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 2, 2011 at 8:57 pm
    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.
  65. Profile photo of Solvent
    Solvent Male 18-29
    2842 posts
    December 2, 2011 at 9:19 pm
    Success is awesome.
  66. Profile photo of avalon
    avalon Male 18-29
    187 posts
    December 2, 2011 at 9:32 pm
    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.
  67. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 9:58 pm
    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.
  68. Profile photo of TheShgn2
    TheShgn2 Male 13-17
    626 posts
    December 2, 2011 at 10:01 pm
    If the CEO`s company is making a ton of money, why shouldn`t he? It is his company, not the workers`.
  69. Profile photo of phirephoto
    phirephoto Male 30-39
    329 posts
    December 2, 2011 at 10:17 pm
    @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.
  70. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    December 2, 2011 at 10:18 pm
    That goes a long way toward explaining why the USA kicks all their butts, or at least we did before Obamalamadingdong took over.
  71. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    December 2, 2011 at 10:24 pm
    That goes a long way toward explaining why the USA kicks all their butts, or at least we did before Obamalamadingdong took over.
    OldOllie, again I`ll ask: You`ve never been outside of the US, have you?
  72. Profile photo of alsobored
    alsobored Male 18-29
    347 posts
    December 2, 2011 at 10:31 pm
    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.
  73. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 2, 2011 at 10:48 pm
    phirephoto: You might be surprised to know how many artists and independent contractors do just that, They are both worker and CEO.
  74. Profile photo of jinxiejae
    jinxiejae Female 30-39
    2927 posts
    December 2, 2011 at 10:58 pm
    "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.
  75. Profile photo of jamie76
    jamie76 Male 30-39
    2345 posts
    December 2, 2011 at 11:23 pm
    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...
  76. Profile photo of FreedomFrie
    FreedomFrie Male 30-39
    243 posts
    December 2, 2011 at 11:30 pm
    Venezuela, why so try to copy us and fail bad!?
  77. Profile photo of GolfPunk69
    GolfPunk69 Male 30-39
    58 posts
    December 3, 2011 at 12:41 am
    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
  78. Profile photo of bataleon27
    bataleon27 Male 18-29
    1178 posts
    December 3, 2011 at 12:46 am
    "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
  79. Profile photo of Ozmose
    Ozmose Male 30-39
    448 posts
    December 3, 2011 at 1:06 am
    @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.
  80. Profile photo of minigeko
    minigeko Male 18-29
    149 posts
    December 3, 2011 at 1:39 am
    GolfPunk69 nope, not bullpoo
  81. Profile photo of minigeko
    minigeko Male 18-29
    149 posts
    December 3, 2011 at 1:41 am
    @davymid
    he`s probably never been outside his trailer
  82. Profile photo of SparkleBabys
    SparkleBabys Male 18-29
    505 posts
    December 3, 2011 at 2:18 am
    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.
  83. Profile photo of Flibmeister
    Flibmeister Female 18-29
    833 posts
    December 3, 2011 at 3:04 am
    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.
  84. Profile photo of DiePSPolice
    DiePSPolice Male 30-39
    493 posts
    December 3, 2011 at 3:49 am
    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.
  85. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17514 posts
    December 3, 2011 at 3:51 am
    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.
  86. Profile photo of metalhannes
    metalhannes Male 18-29
    144 posts
    December 3, 2011 at 5:18 am
    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.
  87. Profile photo of squoggle
    squoggle Female 18-29
    158 posts
    December 3, 2011 at 5:30 am
    Seriously, you have to be a radical to america about america to get close to whats fair
  88. Profile photo of hatface
    hatface Male 18-29
    605 posts
    December 3, 2011 at 6:44 am
    I wish they had the UK numbers, I`d love to know them.
  89. Profile photo of DJL
    DJL Male 30-39
    134 posts
    December 3, 2011 at 7:19 am
    Source?
  90. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36668 posts
    December 3, 2011 at 7:28 am

    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!
  91. Profile photo of Hedkwab
    Hedkwab Male 18-29
    340 posts
    December 3, 2011 at 7:49 am
    "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
  92. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 3, 2011 at 8:23 am
    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?
  93. Profile photo of furrything
    furrything Male 50-59
    1340 posts
    December 3, 2011 at 8:25 am
    Amerika, Amerika....we`re all living in Amerika....
  94. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 3, 2011 at 8:38 am
    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
  95. Profile photo of bacon_pie
    bacon_pie Male 30-39
    3061 posts
    December 3, 2011 at 9:25 am
    This should sum up everything.
  96. Profile photo of alienmembr
    alienmembr Male 40-49
    2 posts
    December 3, 2011 at 9:47 am
    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.
  97. Profile photo of FuriousC
    FuriousC Male 30-39
    38 posts
    December 3, 2011 at 10:12 am
    and yet another neat-O graph with no information source listed.
  98. Profile photo of beternal
    beternal Male 18-29
    2589 posts
    December 3, 2011 at 10:16 am
    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!!!
  99. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36668 posts
    December 3, 2011 at 11:33 am

    Hedkwab - "Taxes are too high on the rich to expand businesses"
    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.
  100. Profile photo of msieg007
    msieg007 Male 18-29
    2035 posts
    December 3, 2011 at 11:53 am
    Don`t like it? Leave.
  101. Profile photo of ivran
    ivran Male 18-29
    599 posts
    December 3, 2011 at 12:03 pm
    @SparkleBabys
    You have one of the best paying jobs in the country, so you`re either a whiny spoiled brat or doing something wrong.
  102. Profile photo of ivran
    ivran Male 18-29
    599 posts
    December 3, 2011 at 12:05 pm
    @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.
  103. Profile photo of sweatpeanis
    sweatpeanis Female 18-29
    418 posts
    December 3, 2011 at 12:26 pm
    Wah, wah, wah
  104. Profile photo of krisley
    krisley Male 18-29
    525 posts
    December 3, 2011 at 12:54 pm
    @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.
  105. Profile photo of DiePSPolice
    DiePSPolice Male 30-39
    493 posts
    December 3, 2011 at 1:44 pm
    @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.
  106. Profile photo of TKD_Master
    TKD_Master Male 18-29
    4794 posts
    December 3, 2011 at 2:16 pm
    They can`t get away with it forever. I almost feel like the US needs a good old fashion violent rebellion.
  107. Profile photo of mrrossh
    mrrossh Male 18-29
    74 posts
    December 3, 2011 at 2:24 pm
    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.
  108. Profile photo of DiePSPolice
    DiePSPolice Male 30-39
    493 posts
    December 3, 2011 at 3:08 pm
    @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
  109. Profile photo of Baelzar
    Baelzar Male 40-49
    1399 posts
    December 3, 2011 at 3:28 pm
    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.
  110. Profile photo of intrigid
    intrigid Male 18-29
    914 posts
    December 3, 2011 at 7:43 pm
    @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.
  111. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    December 3, 2011 at 8:06 pm
    OldOllie, again I`ll ask: You`ve never been outside of the US, have you?
    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.
  112. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    December 3, 2011 at 10:43 pm
    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.
  113. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    December 3, 2011 at 10:43 pm
    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.
  114. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    December 3, 2011 at 10:51 pm
    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!
  115. Profile photo of auburnjunky
    auburnjunky Male 30-39
    10339 posts
    December 3, 2011 at 11:11 pm
    So what. Become a CEO.
  116. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    December 3, 2011 at 11:28 pm
    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!
    Again I`ll ask (please, not a loaded question), where have you been outside the US? I genuinely would like to know.
  117. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    December 4, 2011 at 12:11 am
    So what. Become a CEO.
    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.
  118. Profile photo of 5Cats
    5Cats Male 50-59
    32817 posts
    December 4, 2011 at 6:39 am
    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 takes high taxes into account! 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?
  119. Profile photo of puppies04
    puppies04 Male 18-29
    686 posts
    December 4, 2011 at 7:10 am
    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.
  120. Profile photo of I-IS-BORED
    I-IS-BORED Male 18-29
    2419 posts
    December 4, 2011 at 9:19 am
    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.
  121. Profile photo of Yaezakura
    Yaezakura Female 18-29
    385 posts
    December 4, 2011 at 4:37 pm
    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.
    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
  122. Profile photo of Yaezakura
    Yaezakura Female 18-29
    385 posts
    December 4, 2011 at 4:38 pm
    ^^bonuses. Succeed? Profit. Fail? Still profit.

    Sounds pretty easy to me, when you come out ahead no matter what you do.
  123. Profile photo of 5Cats
    5Cats Male 50-59
    32817 posts
    December 4, 2011 at 5:02 pm
    @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.
  124. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    December 4, 2011 at 9:13 pm
    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.
  125. Profile photo of davymid
    davymid Male 30-39
    12140 posts
    December 4, 2011 at 9:37 pm
    OldOllie, thank you for your honest answer. Like I said, no cheap shots, I was genuinely interested to know.
  126. Profile photo of Musuko42
    Musuko42 Male 18-29
    2850 posts
    December 5, 2011 at 5:31 am
    @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?
  127. Profile photo of Grendel
    Grendel Male 40-49
    6171 posts
    December 5, 2011 at 6:47 am
    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).
  128. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    December 5, 2011 at 7:53 am
    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.
  129. Profile photo of 5Cats
    5Cats Male 50-59
    32817 posts
    December 5, 2011 at 6:37 pm
    The companies that got bailouts should have had to hire a new board.
    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!
  130. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    December 6, 2011 at 12:28 am
    The companies that got bailouts should have had to hire a new board.
    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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