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Comments about ‘Median CEO pay crosses $10 million in 2013’

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Published: Tuesday, May 27 2014 8:40 p.m. MDT

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Chris B
Salt Lake City, UT

Nothing wrong with that. If they add the value, then they deserve to be paid that much.

If someone adds 1000 times the value of as assembly line worker, then that person should be paid 1000 times the wages of the assembly line worker.

And yes, Steve Jobs added 1000 times the value of many people at Apple.

Only a lazy person would blame their own financial situation on that of a rich person.

If the CEO of my company increases the value 1000 times what my work does, he should be paid for that.

If I'm worth more than I'm making - a competitor will pay me more than I'm making. If no one will pay me more than I'm making - its because the value I add isn't worth more.

lket
Bluffdale, UT

chris is a repulican ill bet. the rest of us our wages are stagnet, and prices go up as big bussiness makes more profit. food containers get smaller and we pay the same price or more. houseing is out of sight for most getting into the work force now. stater homes are about 200,000 for a small 3 bed room. fuel is at the high mark even though there is a surplus. our own state wont allow price wars by law so there is no lower or any real capitalism. they only go about one to two cents different than the others. the price of cooledge is so high could go up in ten years to 25,000 a year. so why not give big bosses more money than most companies ever get to.

mcdugall
Murray, UT

@Chris B - You assume that the increased value is only derived by the efforts and work of a CEO, which in factually wrong, the organization as a whole are the creators of the "value".

FT
salt lake city, UT

This is captialism and America's obsession with weatlh and status. It will take the reemergence of unions and the support of the people to swing things back. Most CEO's are not smarter than many in our society. They just have more ambition and lower ethics than the average person.

Chris B
Salt Lake City, UT

mcdugall,

You clearly have no idea what I assume. My position is laid our clearly with no insinuation what so ever that only the CEO adds value.

In fact, I made it quite clear that if my CEO adds 1000 times the value compared to the work that I do, he should be paid 1000 times what I make. I make it quite clear I add value, just as other "lower" employees do.

Want to try that one again?

Open Minded Mormon
Everett, 00

This just makes me want to puke...

Young Moderate
Logan, UT

It is upsetting to see CEOs make millions while workers under them barely get by. However, I am not so upset that I think the government should step in and enforce pay limits. If those with the money (shareholders and board members) want to pay a CEO that much then they should be able to. It's their money.

This may be tough to stomach, but many CEOs may very well be worth what they make. Business owners are smart with their money. If they think they can get a good ROI by paying a highly sought after individual millions of dollars to be their CEO, they will do it.

USAlover
Salt Lake City, UT

It's toughing (and hard work) telling other people what to do.

Mark B
Eureka, CA

What I notice is that the corporate big shots want it both ways. Their implicit claim is to be SO smart and capable as to be worth millions, but then they also want to say that "economic uncertainty", whatever that means, keeps them from actually investing in NEW things which could boost demand and jobs. Either way, they're paid top dollar.

blackattack
Orem, UT

There are very few transformative CEOs like Steve Jobs, Bill Gates, Jack Welch, and others. Therefore, and in my opinion, I don't think they are worth even close to those amounts. Generally speaking, I do not think they are 271 times more valuable than many employees in their organization. It is a very selfish way to look at how their organization functions.

There is a large underlying problem with these executive salary trends: income inequality. From my observation, those who are entry-level and up several rungs on the leadership ladder are not reaping the rising stock market. The rising stock market is a mirage to many of the successful companies' employees. They are lucky if they get a raise that covers inflation.

Thus, the wealth transfers from executives to executives and rarely trickles down to many Americans who struggle to pay rent, medical bills, school, food, and prepare for their retirement. I believe this is a major flaw of capitalism.

Samson01
S. Jordan, UT

Chris B -

I agree with you one hundred percent. (As a BYU fan that is a painful thing to type!)

It always amuses me to read the posters decrying the wages of CEOs as if there are stakeholders out there just looking for some individual that they can dump millions of dollars on just because. They get their wages because they add value. If they add $15 an hour value to the mix then they will probably be compensated at some point below that value.

Also, those that think that the profits should go to the workers (which in reality they do...partially) would be pretty disappointed with the outcomes due to the economy of scale. Nabors CEO taking a 60 million dollar salary cut and divided up among a greater than 25K employee base, would yield a very disappointing return of less than $2400 a year.

Shaun
Sandy, UT

This country will only prosper when companies value their employees. The talk of redistribution and the %1 will end once companies stop looking only at the short term, so the executives gain stock options, and instead invest in their people.

Howard Beal
Provo, UT

Then there are those CEO's like the ones at Hostess that run their company into the ground but right after they got a pay raise and a golden parachute. I won't even go into Enron.

There will be a time when the people will get fed up. But before that happens I'm for capitalism but what I call responsible capitalism. It is the idea that profits can be made, managers do make a bit more than workers but workers get a fair wage and benefits. My example of this would be In and Out Burger and Costco vs. McDonald's and Wal-Mart. If we can't get to responsible capitalism fast, the system will break down completely and it won't be pretty...

Spoc
Ogden, UT

A few years ago I was approached by door to door salesmen wanting to replace my windows. Although the windows were similar, the installation cost was considerably higher for one than the other.

My first inclination was to go for the low price leader. But subsequent research revealed that the low price leader used low skill employees who were hungry enough to put up with the low wages. His non existent customer service and the poor quality of the installation are well known in the industry.

The other company spends a great deal of time training new installers, always pairs them up with a mentor to teach the mechanics of quality installation. Equally important is to learn the importance of personal and customer satisfaction. They pay their highly trained installers more to keep them from taking their skills elsewhere and because they add more value to the company than a low skill crew would.

The high value company installs a lot more windows, makes a lot more money, and pays the CEO more because his leadership is highly valued. He doesn't work any harder than his installers, but he is in high demand.

FT1/SS
Virginia Beach, VA

As long as they deal in honest business practices, I have no problem with CEO'S making a fortune. Currently reading "The Mormon Way of Doing Business", about CEO's from the church. Those guys work very hard! I agree with Chris B "Only a lazy person would blame their own financial situation on that of a rich person".

Ranch
Here, UT

A company can function for a while without a CEO, but let the people who actually make the widgets stop making widgets for a while and see how well the company does.

LDS Liberal
Farmington, UT

OK -- I'll play Republican here for a minute,
and agree that if a CEO earns $10 million for doing a good job - that's fine,

But

What about those who run them into the ground and STILL walked away with $Millions!

I think every CEO who's company lost money during the recession,
should be forced to pay every cent back onto America's economy.

You can't have your cake and eat it too!
But that is precisely what CEO capitialists have going for them,
that the rest of us do not.

Chris B
Salt Lake City, UT

@LDS lib,

I'll start demanding a rich CEO pay back his 10 million if he didn't perform well when you start demanding the person who makes $30,000 pay back all his/her money if he/she didn't perform well

Pot meet kettle

RedShirt
USS Enterprise, UT

Before you anti-CEO people post any more, lets look at the data from all CEOs, not just the super stars.

The average for all CEOs for total compensation is $370,000/yr. That is it. This article is like comparing Tom Cruz's income to anybody on the cast at the Desert Star.

The average CEO is not making millions each year. Yes they do well, but as long as they are successful the employees still have jobs and the investors (owners) do well also.

JoeCapitalist2
Orem, UT

LDS Liberal:

Are you also going to demand that highly paid actors have to pay back their millions when their blockbuster movie flops at the box office?

Should highly paid athletes have to pay back their salaries if they fail to take their team through the playoffs?

Should authors and musicians have to give it all back if their books and albums don't sell well (assuming the publisher or label gave them money up front)?

Why does the left only cry about outrageous salaries from corporate CEOs and no one else?

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