Current Events > Do u know why CEO's make more than you? Cos they went to fucking University

(+) Yeah! (+)

And worked their asses off to get to where they are now

but hey! Its just not fair right? They should look after us

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It varies a lot. I'd wager most of them got there by kissing the right asses the right way.

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Squall28 posted...

It varies a lot. I'd wager most of them got there by kissing the right asses the right way.

no, that's what great grandad did to get into his fraternity

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The problem isn't that CEO's make more money, it's that corporations are screwing over workers to line their own pockets, lobbying congress to give themselves tax breaks while getting legislation passed that fucks over people in various ways and engaging in shitty behaviors like wage theft or the shit amazon does in their warehouses.


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PMarth2002 posted...

The problem isn't that CEO's make more money, it's that corporations are screwing over workers to line their own pockets, lobbying congress to give themselves tax breaks while getting legislation passed that fucks over people in various ways and engaging in shitty behaviors like wage theft or the shit amazon does in their warehouses.

Bingo

Then if they fuck the buisiness, they are still billionaire/millionaires.

The entire system is broken

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School is for chummmmmmmps though

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I did go to university and worked my ass off, so no.

How could anyone be stupid enough to actually claim CEOs have earned what they have anyway? They make 271 times the pay of a worker on average in the U.S. Do you seriously, seriously think they work the equivalent of 10,840 hours at an average paying job each week?

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The CEO of the company I work for doesn't know the production process. All he knows to do is read the profit spreadsheet.

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Imagine if they only made 100x the pay of a normal worker...

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If a line worker fucks up badly enough, that line worker is out of a job.
If a CEO fucks up badly enough, all the line workers are out of a job.

SaccharineSmile posted...

And worked their asses off to get to where they are now

I'm sure they believe that, and some even really did work hard, but a lot of higher ups in many, many places are there because they know the right people and were born into wealth, not because of any particular competency beyond a bare minimum.

Its funny because I cant see a high school graduate running a billion dollar company? Can you?

yet they think they can according to their Facebook comments

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EmbraceOfDeath posted...

I did go to university and worked my ass off, so no.

How could anyone be stupid enough to actually claim CEOs have earned what they have anyway? They make 271 times the pay of a worker on average in the U.S. Do you seriously, seriously think they work the equivalent of 10,840 hours at an average paying job each week?

Those are inflated numbers that include many of the richest men in the world from Amazon, Facebook, Apple, Goldman Sachs etc.

Every ceo is not making 271 an average persons pay. Do you seriously, seriously believe that? Im not saying corporate taxes shouldnt be raised and at some point the greed is astonishing. But thats about as honest an argument as citing the gender pay disparity stat.

Because your figure is based on the richest fortune 500 ceos and includes all their benefits , stock options, everything. Yet there are hundreds of thousands of corporations in the United States, their real average pay are nowhere near that astronomical and many of them risk it all and dont make it.

Its actually surprising a college graduate who seems to think hes bright would swallow anti capitalist propoganda so easily. Look how you already have the 10,000+ hour a week stat ready to go, you slurped the kool aid without a second of critical thought. Bitter just like you were taught to be, no questions asked. You PAID to learn that anger too.

Keith_Valentine posted...

Those are inflated numbers that include many of the richest men in the world from Amazon, Facebook, Apple, Goldman Sachs etc.

Every ceo is not making 271 an average persons pay. Do you seriously, seriously believe that? Im not saying corporate taxes shouldnt be raised and at some point the greed is astonishing. But thats about as honest an argument as citing the gender pay disparity stat.

Because your figure is based on the richest fortune 500 ceos and includes all their benefits , stock options, everything. Yet there are hundreds of thousands of corporations in the United States, their real average pay are nowhere near that astronomical and many of them risk it all and dont make it.

Its actually surprising a college graduate who seems to think hes bright would swallow anti capitalist propoganda so easily. Look how you already have the 10,000+ hour a week stat ready to go, you slurped the kool aid without a second of critical thought. Bitter just like you were taught to be, no questions asked. You PAID to learn that anger too.

So discounting those fortune 500 CEOs, what's the real figure? 100x the average worker? 50?

Godnorgosh posted...

Go to a school for fucking, become a CEO

What's the downside

Cant argue with this logic

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Keith_Valentine posted...

Those are inflated numbers that include many of the richest men in the world from Amazon, Facebook, Apple, Goldman Sachs etc.

Every ceo is not making 271 an average persons pay. Do you seriously, seriously believe that? Im not saying corporate taxes shouldnt be raised and at some point the greed is astonishing. But thats about as honest an argument as citing the gender pay disparity stat.

Because your figure is based on the richest fortune 500 ceos and includes all their benefits , stock options, everything. Yet there are hundreds of thousands of corporations in the United States, their real average pay are nowhere near that astronomical and many of them risk it all and dont make it.

Its actually surprising a college graduate who seems to think hes bright would swallow anti capitalist propoganda so easily. Look how you already have the 10,000+ hour a week stat ready to go, you slurped the kool aid without a second of critical thought. Bitter just like you were taught to be, no questions asked. You PAID to learn that anger too.

Do you not understand the concept of average or something? On average CEOs make the equivalent of over 10,000 hours of an average worker. Since you don't understand what this means, I'll explain it: some CEOs make less than that, some CEOs make more than that, but if you total what they make and divide by the number of CEOs, you get the average. The same applies for workers.

If you compared a bell curve of CEO salaries to worker salaries, you should see a similar relation between low paid CEOs and low paid workers as well as between high paid CEOs and high paid workers, though for some reason you seem to think that low paid CEOs would be compared to average workers. We could look at that as well, though.

https://www.cnbc.com/2019/05/16/wsj-report-highest-and-lowest-paid-sp-500-ceos-in-2018.html

The Wall Street Journals analysis found that 23 CEOs in the S&P 500 made less than $5 million last year (down from 26 in 2017), four made less than $1 million and two made token salaries of $1 each.

Let's see: average income for a worker is about $50k and we see the low end CEO salaries are $1m. They're making 20x the money, which is much closer, but they are absolutely not putting in an equivalent of 800 hours a week of the average worker's work. It's clear to anyone who doesn't worship millionaires or billionaires that the difference is absurd. And let's not even get into the CEOs making above the average, who would have to put in orders of magnitude more than 10,000 hours per week to actually earn that money (it's also funny that you don't understand it's not a prepared stat and it's just 271*40, lol, but you don't seem to be very good with math or statistics).

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The problem is that the scaling fucks off after a certain point. Money was meant as a convenient replacement for bartering, but there's a point where the money you make is arbitrary from the services you can provide, and it's gotten to the point where corporations are encouraged to act against the consumer.

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Stalolin posted...

So discounting those fortune 500 CEOs, what's the real figure? 100x the average worker? 50?

according to payscale the median is about 160k, or about 5.3x us median personal income

i also pareto analyzed my small/midsize employer's financials to estimate the salary of the ceo and compared it to the median income of the city it's based in and came to a similar ratio

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The founder of FedEx wrote a paper about the idea in business school. The professor gave him (I think) a C or a D on the paper and told him it was a stupid idea that would never work. There are also plenty of successful people who never attended college.

It's more than hard work, it's having vision and perseverance. Combined with concepts such as "it's not what you know, it's who you know". You don't really get a better education at an Ivy League school for example, it's just that your bunk mate might be Al Gore or something.

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SaccharineSmile posted...

Its funny because I cant see a high school graduate running a billion dollar company? Can you?

yet they think they can according to their Facebook comments

Mark Zuckerberg. Bill Gates.

Questionmarktarius posted...

If a line worker fucks up badly enough, that line worker is out of a job.
If a CEO fucks up badly enough, all the line workers are out of a job.

Reminds me of a saying I heard that says "If the stock market does well I don't get a penny, but if the stock market does bad I'm out of a job" I wish I could find where I first saw it though.

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EmbraceOfDeath posted...

Do you not understand the concept of average or something? On average CEOs make the equivalent of over 10,000 hours of an average worker. Since you don't understand what this means, I'll explain it: some CEOs make less than that, some CEOs make more than that, but if you total what they make and divide by the number of CEOs, you get the average. The same applies for workers.

If you compared a bell curve of CEO salaries to worker salaries, you should see a similar relation between low paid CEOs and low paid workers as well as between high paid CEOs and high paid workers, though for some reason you seem to think that low paid CEOs would be compared to average workers. We could look at that as well, though.

https://www.cnbc.com/2019/05/16/wsj-report-highest-and-lowest-paid-sp-500-ceos-in-2018.html

The Wall Street Journals analysis found that 23 CEOs in the S&P 500 made less than $5 million last year (down from 26 in 2017), four made less than $1 million and two made token salaries of $1 each.

Let's see: average income for a worker is about $50k and we see the low end CEO salaries are $1m. They're making 20x the money, which is much closer, but they are absolutely not putting in an equivalent of 800 hours a week of the average worker's work. It's clear to anyone who doesn't worship millionaires or billionaires that the difference is absurd. And let's not even get into the CEOs making above the average, who would have to put in orders of magnitude more than 10,000 hours per week to actually earn that money (it's also funny that you don't understand it's not a prepared stat and it's just 271*40, lol, but you don't seem to be very good with math or statistics).

Yea youre still trying to talk down to me but you sure backed down from your bullshit 271 average pay number you regurgitated at first didnt you?

Many of those top tier ceos devote their entire lives to their companies, its a job only a small percentage of Americans could ever handle. Some of them create more wealth than entire countries. Even the fact they are generating those ungodly amounts of money means ceos have created a successful formula that employs tens to tens of thousands. So who are you exactly to judge their value?

Oh yea mr. Big brain. Youre still quoting the s&p 500. How many corporations did i say there are? Hundreds of thousands. What the fuck did you learn in school, let me guess... video game design? Yw for the free lesson.

Godnorgosh posted...

Go to a school for fucking, become a CEO

What's the downside

I must have been going to the wrong schools. Where do I sign up for the fucking schools?

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Lairen posted...

Imagine if they only made 100x the pay of a normal worker...

Knock another 0 off that down to 10x over a normal worker, that should be regulated via Federal Law then.

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They didnt earn shit compared to average worker in their company stop making crap up


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https://corpgov.law.harvard.edu/2018/10/14/the-ceo-pay-ratio-data-and-perspectives-from-the-2018-proxy-season/

https://www.cnbc.com/2018/01/22/heres-how-much-ceo-pay-has-increased-compared-to-yours-over-the-years.html

Here you go Death. 2nd article is referencing your INFLATED ceo to average worker pay ratio. Whats the first paragraph say? "Ceos of the top 350 companies earned an average of 15.6 million" then compared that to their meridian employees salary, however the Fuck they computed that in a globalist business world. Thus they got 271 and everyone ran with it like drones.

So do You understand? The number is based off the top performing 350 companies and their ceos. And there are over 1 million corporations in the US. Your number is false and inflated like i told you, but keep sippin that kool aid, comrade. Even the first link i provided from Harvard gave a more accurate number with detail. Is Harvard renowned enough for you? I didnt have to go to college to school your ass.

Keith_Valentine posted...

Even the fact they are generating those ungodly amounts of money means ceos have created a successful formula that employs tens to tens of thousands. So who are you exactly to judge their value?

Who really generates that wealth?

Stalolin posted...

Who really generates that wealth?

The workers and the product/service. And without the company and the CEO, the worker would be Unemployed. Its a mutually beneficial relationship and i obviously love companies like Costco that pay a great wage and have a great work environment.

I get your point youre proly implying that there is surely room for improvement and some ceo pay is absurd. I just took issue with that guys comments. I would totally raise taxes on corporations and tighten some loopholes, you wanna play you gotta pay.

Keith_Valentine posted...

The workers and the product/service. And without the company and the CEO, the worker would be Unemployed. Its a mutually beneficial relationship and i obviously love companies like Costco that pay a great wage and have a great work environment.

I get your point youre proly implying that there is surely room for improvement and some ceo pay is absurd. I just took issue with that guys comments. I would totally raise taxes on corporations and tighten some loopholes, you wanna play you gotta pay.

Yet without workers the CEOs and companies wouldn't have people making them money.

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Stalolin posted...

Who really generates that wealth?

Whoever purchases the product and/or service.
Making something that nobody needs nor wants, does not generate wealth.

StarReaper13 posted...

Yet without workers the CEOs and companies wouldn't have people making them money.

Workers are replaceable, are they not? The more skilled and needed the more money they make. Supply and demand. Ceo is the big daddy steerin the ship. What happens if the ship gets steered the wrong way? Youre fucked, sooner or later the buck stops somewhere.

We can do this chicken and egg shit all day, i made my point and acknowledged yours already.

Questionmarktarius posted...

Whoever purchases the product and/or service.
Making something that nobody needs nor wants, does not generate wealth.

Good point. But theres more value in being able to create than purchase, weve seen this in the destruction of our manufacturing.