Published: Wednesday, Oct. 23 2013 2:25 p.m. MDT
Yes, and athletes salaries are soaring as well.If these people are
that valuable then this is perfectly acceptable.If you don't
like it, don't invest in/be customers in those companies.If
you're jealous and think you deserve to make more, then make yourself more
valuable.It's not up to the CEO to ensure I make the money I
want to make. It's my responsibility.
Chris B,Surely no CEO is 200 times as valuable as their employees. Surely
just because from 1992 to 2007 the top 400 earners in the U.S. saw their income
increase 392% and their average tax rate reduced by 37% doesn't mean the
stuff they do is actually worth 400% more than their predecessors. Nor does it
mean they deserve the massive tax breaks.Perhaps there is a systemic
problem of income and resource inequality in the world. In my view farmers and
teachers are the most important professions out there and they have plenty of
"customers," so to speak. Yet I do not see the invisible hand treating
them with much kindness. We clearly define "value" differently.
At Dave D Tech-startups are an expectation to the rule. Alot of
startups go bust. Conversely, there are many early Microsoft employees
comfortably retired as multi-millionaires. For Mature Companies yes I agree to
the need to have sane executive compensation Citing FaceBook's
Mark Zuckerberg's Billion dollar earnings above last Year, He is afterall
the founder of the Company. If the quasi-biography of FB portrayed in the movie
"Social Network" is reasonably accurate I'd say Hooray for Mark !
He built the better Mousetrap and is reaping the rewards. The JC Penny CEO in
the news of late, was hired for his Apple company turn-around skills. He was, by
media reports unsuccessful. And yes, the cartoon strip Dilbert mercilessly
lampoons clue-less overpaid CEOs especially Dilber's Bald-headed CEO. I
pity Dilbert, and secretly have a crush on Enginneer Alice.
I'm not so concerned with CEO pay as I am with the non-living wage levels
allowed right now. The days when you could pay someone the equivalent of a
penny a day and expect them to make up the difference with farming and hunting
(because they had no other choice) are long gone. Now Bangladesh represents
what happens when an entire nation has too low a minimum wage. 12 hour work
days and still starving, with no other options.
what is just about overpaying anyone, whether it is the $100 mil to the CEO or
$7.25 for the no-skill delinquent who sleeps at work?too much
attention is focused on the overpaid CEO, and not enough on the under-skilled
and under-productive underling.
Companies should not be able to deduct in excess of 400x the poverty level as a
Do you all know that government employee salaries and benefits are on average
much higher than the private sector? And there are millions more government
employees than there are CEOs. To add to this, if a CEO doesn't perform, he
gets fired. When do government employees ever get fired for poor performance?
Even the IRS' Lois Lerner is still on the government payroll!
Taxes were raised on them this year as well; it is all good. Raising taxes
on the rich ends up making the rich even richer, and spreads the money around;
in the 1990's the rich had their taxes raised and that got the money
distributed to community colleges and all became richer. The economy is
growing; the future is bright.
Why do we complain about CEO's and not athletes or actors that make so much
money for doing what? The rich getting richer has nothing to do with the poor
getting poorer. Once you learn to spend less than you make then you are on the
road to financial freedom.The problem today is that kids want what their
parents have and they want it now, not later in life.
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