Posted on 05/17/2024 9:26:04 AM PDT by ChicagoConservative27
For decades now, I’ve been conducting my own informal survey of American views about CEO pay.
Whenever family, friends, or random strangers ask about my job, I tell them it involves research on executive compensation. Last year, for example, I found that CEOs of America’s 100 largest low-wage employers made, on average, over 600 times what their median workers made — and often thousands of times more.
Invariably, people see red when I share these numbers. And they often have choice words about the unfairness of it all.
A new poll reinforces my informal findings: Americans across the political spectrum are fed up with overpaid CEOs — and want something done about it.
(Excerpt) Read more at thehill.com ...
Why stop at CEOs? Is this proposal limited to people the left doesn’t like—only business people? What about Taylor Swift, should her pay be limited when doing a concert to 60 times the average pay of the stage hands? Same should apply to Hollywood actor’s pay relative to the assistants on set.
No they aren’t paying attention. Because it is illegal to single out selectively targets for the tax code. Thus it meant they would have to target their donors as well. Ain’t gonna happen The Hill, even at your insistence.
I could live with that. The CEO’s/Board of Directors of the major corporations during Covid should be hauled in front of a tribunal.
It’s the Soviet/Chicom/Nazi way ...
The company just raises the cost of its goods to compensate - stupid voters don’t know jack.
Do these voters want to have other random people decide how much they are paid?
I herby decree, as some random voter, that those who suggested executive compensation was too high, shall have their pay cut by 74%. Now, how does that feel?
LOL! I see what you did there.
Don’t bother me. I’d especially like to see it happen at companies that strongly feature DEI philosophies, which is to say I’d like to see it happen to just about all big-business CEOs and shareholders.
Hope they are not listening. Communist envy mongering that eventually makes everyone poorer. Better: allow stockholders more control over management compensation.
Utter garbage!
SARAH——
YOU ARE WELCOME TO OWN & RUN YOUR OWN BUSINESS.
FOR MANY CEO’s, that job is 24/7 /365 job of HERDING CATS.
WHEN YOU ARE WALKING IN THEIR SHOES——THEN YOU MIGHT GET AN EDUCATION.
I have done accounting gn for almost 67 years (August).
I have worked in large (Kroger/Oscar Mayer/Shell Oil/ MCA RECORDS) companies & companies so small they didn’t break $100,000 a year gross.
ANY decision that a CEO makes has massive implications.
When people are refusing to even attend school—THEY set themselves up for the BOTTOM 100 in earnings. SELF-INFLICTED
Massive CEO pay should be done SECOND to massive Sports players’ pay.
bingo
If a company feels their CEO deserves HUGE amounts of payment THAT is up to the company NOT the government to decide how much they should receive!
Their pay is already taxed.
It is a serious problem though and as an investor I am incensed by CEO pay but what can we do about it? To get such high compensation even after leading a company into net losses is crazy. In fact it has always bothered me that line on the financial report for “general administration”. It makes a difference. If revenue is 80 million for a company and they pay 10 million in administration - that is a huge hit. And it always gets more and more expensive.
Every CEO I have had has not done anything other than move jobs off-shore. That is worth 10s of millions of dollars. Hell anyone off the streets can make that call.
No kidding
Those folks built or sustained companies that have people jobs
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