The companies pay the mainly white CEOs the big bucks because they think it is worthwhile.
The ball clubs pay the mainly black ballplayers the big bucks because they think it is worthwhile.
It’s actually because the ballplayers got paid so much that the CEOs started to play the compensation game too.
And the ballplayers owe it all to Mark McCormick, the sports agent who fought for better pay for athletes based on the value they added to their employers’ bottom-lines.
>>A Walmart employee earning the company’s median salary of US$19,177 would have to work for more than a thousand years to earn the US$22.2 million that Doug McMillon<<
And at 10+ times that much it would take me 100 years to earn that salary. It has taken me 40 years to make 1/20th of that but the amount is more than sufficient to last me and my family the rest of my days.
I begrudge him not a penny of his salary.
I made choices that worked for me and my chosen profession. Those choices did not lead me to be CEO of the biggest retail company on the planet (in fact not to be CEO of any company except a small one I started).
It never occurred to me I should be upset about choices others made to get what they wanted. I am a pretty good actor but chose not to pursue that life. I should be angry Tom Cruise did?
The results from some googling shows Walmart employs 1.4 million in the US (2.1 million world wide). Assuming each employee works an average of 1000 hours per year (mostly to make the calculations easier), 1.4 billion hours are worked in the US per year. Dividing 1.4 billion hours into what the CEO makes each year, $22,000,000, the result is $0.015 cents per hour. Another way to do this is divide the CEO’s salary by 1.4 million employees, which yields $15.70 per employee. So, each employee is contributing about $15 per year to their CEO’s salary (awkward to look at it that way), or about $0.015 each hour they work. These are trivial amounts. Using the 2.1 million employees world wide, the contribution per employees is even less.
I agree the CEO makes too much money. If the left was really concerned about this, they would be initiating a discussion on the checks and balances that cause this type of thing to happen. That would mean improving the system, which is something they really don’t want to do. Besides, reducing the CEO’s salary would give them less to complain about.
The high CEO pay is an indication that American companies don’t have good management in depth.
I think consensus management based on the Japanese way needs to become the norm in the USA.
If you don’t like it, start your own company and pay “fairly”.
How much would the stockholders of GE have paid for a CEO who knew what he was doing? It’s the difference between making and losing tens of billions.
Go make yourself a CEO or millionaire....
“people are struggling to pay...for child care”
If mom makes $X, baby sitter will want at least $X too.
If mom makes $X+, baby sitter will want at least $X+ too.
If a care giver can only take care of three kids, child care is always going to eat up about half the pay of many moms with just one, because of child care business overhead, such as FICA taxation and liability insurance.
Little kids need lots of watching.
In my youth in the 1960’s, family structure normally was dad worked and mom stayed home and watched the kids.
The only mom I knew that worked was Mrs. Fitzgerald. She was a fairly well-paid secretary. She had kids older than me who could watch her kids. What she did before when she only had really young ones, I don’t know. Perhaps a grandparent watched the kids.
Class warfare! Class warfare! Class warfare! The rallying cry of Marxists for 150 years.
“For a lot of Americans, they don’t have any savings. When they lose their job, they lose everything.”
They don’t have any savings because Barack Obama, who was taught interest was evil in Muslim madrasas, put Yellin in charge of the Federal Reserve. She promptly killed interest rates and people’s interest in saving money.
The Democratic-created unemployment insurance system is also obviously defective.
My last Christmas with the company, while all the other department managers took their employees out to lunch, my manager brought in McDonald's breakfasts for all of us..............
An employee's salary is representative of their worth to the company and if only the managers receive the bonuses, that speaks volumes about the worth of the people who work for them who receive no bonuses........
It is interesting that the comparisons are made between corporate executives and entry level employees.
I wonder what the ratio of salaries is between
Major league baseball players and the people who work in the concession stands
The top paid entertainers and the brand new stage hands or ushers
The top rock stars and the people who set up the equipment.
One of the problems is that law has become very complex.
Only a limited number of people have the skill to guide a company through vast webs of laws and regulations and have business and people skills too.
These people become artificially expensive.
Imagine if a couple got paid $65 million for writing some books or $50 million for hosting TV shows.
Imagine giving speeches for a few years and getting $100 million.
Would leftists object?
CEO Compensation is an issue for the Stockholders to worry about, not the rank and file Employees.
Envy is an issue for the Democrats nd Unions to promote.
How many Hours would a Chinese Worker assembling iPhones have to work to make as much as Apple’s CEO?
3-2-1 until someone comes along and states how the multi millionaire CEO's are just the "producers" and the rest of us are just the rabble....
we have seen how inside business dealings favor certain people..how the rich get away with crime...how the fbi can play favorites...and how the corporate rich work endlessly to keep their gravy train...whether it means letting millions of third world people into my country to work for peanuts, so be it...
CAN YOU SAY SLAVE LABOR! Why do you think they want open borders, it keeps wages down.