Companies Must Reveal CEOs Pay Compared To Workers

I remember reading something a while ago that was talking about how much the gap has grown regards to pay between the ceo and low end worker in the past 6 or 7 decades. Years and years ago it wasn't uncommon for the ceo to only be making 4-10x more then the lowest worker. Now.... Well add 3 or 4 zeros to the 4 and 10. The gap has increased substantially. The same people and same families and insiders have been running things for so long and they just get more and more greedy. Blue collar pay hasn't even kept up with inflation.

Workers get the short end of the stick and another stick shoved up their ass just for kicks. It's barely possible to live on 15 an hour without being on assistance or living in a roach infested dumb to save money assuming you have car, phone, insurance payments etc. Yet the top dawgs bonuses continue to grow and are typically larger then most workers yearly salary, and that's just a fucking bonus. But the rich get richer that's what they do. No I don't think all rich people are bad and I do believe in most aspects of capitalism, but our system is very skewed in some aspects. Many people with money get their wealth by taking it from others, causing harm of you will. Others get it from injecting new ideas and providing services for society, those are the "good ones"
 
Climber said:
They can go get an education and stop trying to raise a family on a minimum wage job. I am now donning my flame suit for the Incoming pity rants how the underprivileged can't get an education...
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Um you're on a tech site. All of us are educated in some way, and some of us have extensive certifications backing up what we do and say. How is that less than what any CEO would have?

The whole problem with lopsided pay is that there is no such person within a company that makes it all go all by themselves. The fact that you're so willing to wax the knob of a CEO who is usually not doing anymore actual work than someone on the lower rungs is kind of disturbing.
 
iamwhoiamtoday said:
How would this work with contacting firms? I mean, I work for company A, which has an HR contract to supply people to company B, who has an IT contract to do work supporting company C.
So while I work at company C, I'm a fulltime employee of company A, under the company B contract.

Who is my CEO?
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Who was phone?!!?
 
WillC310 said:
I haven't read the link but it will be interesting to see how they come up with it since some CEOs get stock options and don't necessarily draw a large annual salary.
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exactly - expect it to be something like 8:1 or 10:1 as in $500k vs. $50k but no accounting for stock options or bonuses which would put the ratio closer to 100:1 typically.
 
kac77 said:
Um you're on a tech site. All of us are educated in some way, and some of us have extensive certifications backing up what we do and say. How is that less than what any CEO would have?

The whole problem with lopsided pay is that there is no such person within a company that makes it all go all by themselves. The fact that you're so willing to wax the knob of a CEO who is usually not doing anymore actual work than someone on the lower rungs is kind of disturbing.
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I would argue that in some certain days more tangible work is done by non-ceo and lower end folks.

Think of banking.. most of the higher ups are approving deals that have been fully outlined and drawn up and calculated by the lower folks. Seniority rules and all that.
 
TMCM said:
maybe this will get people mad at people who make 500x more than the company's typical worker vs being pissed at the people who want to make more than $8 an hour
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9pz503.gif
 
Converge said:
Workers get the short end of the stick and another stick shoved up their ass just for kicks. It's barely possible to live on 15 an hour without being on assistance or living in a roach infested dumb to save money assuming you have car, phone, insurance payments etc. Yet the top dawgs bonuses continue to grow and are typically larger then most workers yearly salary, and that's just a fucking bonus.
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I'm at $25/hr and it's tight even. Back paying student debt, monthly apartment rental, eating base/bare grains and canned tuna mostly, prepped lunch, repairing a 19 year old car, no gym membership, etc.

I will have perfected the art of living a very base existence so that when I am fortunate enough to increase my earnings I may still be stuck on a 'cheap' lifestyle.
 
Some of ya'll need to open your eyes and stop being 'company men'. These CEOs are acting like kings of their land, taking all the riches that their people toil to create. CEOs are just political figureheads who do the talking to get deals done. Now I'm not saying they're useless, they have a place and are important to the company but 100-200x more important than their average worker...unlikely. When I worked for Dish Network as a satellite tech the CEO, Charlie Ergen, is stupid rich but only pays his bottom barrel workers something like $12/hr (in the Midwest). While that's better than minimum wage, without these people to go out and install the equipment and make repairs, his company wouldn't exist. His fortune exists partly because he had the business acumen to build a multinational corporation but mostly because he has an army of workers churning out his products and services.

In the old days when people didn't discuss their pay....that only benefits the person that makes more money. I never had an issue discussing my pay with anyone at my jobs, until I started making more money than the guy that's been doing the same job for multiple years longer.

Top level management and company boards (plural of board of directors?) are doing what all groups of power have done throughout human history when they attain power/resources, attempt to gain more. Go read about early human history where you can see the rise and fall of civilizations, you always see the fall happening because of resource distribution being skewed to the extreme and those that rose from the ashes are ones that started and maintained a moderate level of wealth distribution.

Eventually, the wealthy at the top, with their resource hoarding, is gonna starve and weaken the foundation of their wealth, the middle and lower class and the whole building is gonna collapse in on itself.
 
Creig said:
CEO_to_average_pay_ratio.jpg
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This says it all. How can you possibly defend CEO pay when the middle class is constantly being told there is no money for them to even keep up with cost of living? It's not how much they are making, it is the ratio.
 
Wrecked Em said:
I've lost count of how many "rah rah" meetings I've been to where our executive-whatever preaches to us how we did a great job last year, but we have to work just a little bit harder this year to make our inflated goal. The difference to me and 99% of the other employees amounts to $1-2k. The difference to the executives averages in the 6-7 figures. It doesn't matter. My coworkers gladly sacrifice their weekends and evenings for that little sliver.
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Work a little bit harder this year than last year! Do that every year!

My company has a business-speak thing, "refocus intensely on our customers." At some point I can't do any more (especially not when my list of personal todos for the company keeps clashing against the ever-growing list of company todos).

Sometimes the business world makes me want to punch someone in the face. I want to start my own company and I'll be damned if I turn into a daft-worded cheerleader for dollar signs.
 
BlueFireIce said:
This.

What someone in the same job or close to mine is what I care more about, as it relates to the work I do and what they think it is worth, as in the industrial field allot of the time raises do not come unless asked for, or maybe you get a new cert or license, then you will get one, so knowing what others in the field make helps with knowing how much to ask for and what they are willing to pay.

As for the CEO hate, there is only one of them at the company, and they are there for choices and making sure things are going in the right direction to make money, a poor performing normal worker has little impact on the overall company and profit, while a CEO can make or break it, even if he/she never gets off their ass to do anything it does not matter. Stop being butt hurt about these people living the dream and work/study your ass off and get a better paying job or become a CEO yourself if it is so easy. :rolleyes:

I work at a smaller company, and I know the CEO has his own jet, 6 different cars (not a single one is under 100k) etc etc, am I jealous? Hell yes. And just looking at him you would think, this dude does nothing but rake in money. Well once I got into a higher position I saw that was not the case. I don't think this dude ever gets to sleep, which explains why is is never in a good mood and is hard on people for performance. He keeps track of everything going on, flies all over and I have myself been up for almost 3 days straight trying to help him with a big project he was trying to land, once my part was done for another 3 days I still got calls at 1-3am from him with questions. I can only think of the kind of hours this guy puts in and the sort of stress he is under all the time. I had a chance to go back on my tools for a week (grunt work), and while back when I did that full time I made a good deal less, it was the most stress free and enjoyable time I have had at work in years, if I could make the same pay I am now and do just the physical work, it would be wonderful.
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Well, that right there is another problem with the U.S.: some companies just don't respect work-life balance. Is it right that the CEO has no social life and has stress levels rivaling POTUS?
 
kac77 said:
Um you're on a tech site. All of us are educated in some way, and some of us have extensive certifications backing up what we do and say. How is that less than what any CEO would have?

The whole problem with lopsided pay is that there is no such person within a company that makes it all go all by themselves. The fact that you're so willing to wax the knob of a CEO who is usually not doing anymore actual work than someone on the lower rungs is kind of disturbing.
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Please show where I'm justifying the pay of a ceo? Please point it out. I'm not, what I'm decrying is people trying to justify living off of minimum wage. Minimum wage jobs are not meant to support a family. They are there to gain work experience and move on. If you can't move on from a minimum wage job pursue an education and move up the ranks.

Yes it sucks if you have to live off minimum wage due to circumstances but there are resources to help in those areas. Those resources are generally temporary but TANF is good for 6 years. They will pay up to 5k for an AA degree or tech cert. There are numerous free options to get a GED. There is very little reason why someone should be stuck in a minimum wage position for an extended period of time. There will be circumstances but for the vast majority of people willing to put in the time and effort there is no reason why one should be on minimum wage for extended periods.
 
Me and my company pres like to talk planes together since we're both pursuing our pilots license. Except that he owns 3 planes already and has some guy fly him places. It was kinda funny how much of a peasant he see's me as, for one day he was accidentally bragging about how his yearly charter fee's are $300,000 and how he could have easily bought this new plane for $1,000,000. Thing is I asked for a $10,000 raise 6 months ago and was denied, "not in the budget". His plane costs $1000/hr to fly, so my entire yearly raise comprised the cost of a single one of his coast-coast charters.

Thats why I'll never be CEO of anything, because I just cant do that to people.
 
WillC310 said:
I haven't read the link but it will be interesting to see how they come up with it since some CEOs get stock options and don't necessarily draw a large annual salary.
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It says total annual compensation. I would hope that language would include stocks.

Overall I think this is a great law. The pressure society can put on a company is much greater than a law forcing a specific CEO/Employee pay ratio like some European countries have.
 
Creig said:
CEO_to_average_pay_ratio.jpg
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Take a close look at the chart and tell me when did the sharpest spike occur? During the Clinton years? "If" governmental policies played a role in the erosion of middle-class should we continue pursing the policies of liberal democrats and republicans or return to traditional American policies?
 
Domiran said:
Well, that right there is another problem with the U.S.: some companies just don't respect work-life balance. Is it right that the CEO has no social life and has stress levels rivaling POTUS?
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But it is that people will do it, and that is why they make the money. Every single "higher up" I know has been the same way, lots of money, and no life what-so-ever, the company IS their life, sure, from time to time they get a break, and those breaks are very extravagant, but I admit if I did what they were full time, I would do the same thing. Most people chose not to work like this, and I will admit I enjoy my free time, so I don't think I could ever be in that kinda position, though I do work lots of hours as it is.
 
Such as new deal policies that FDR implemented and we saw the largest gains in the middle class? Sounds great to me



thejokker said:
Take a close look at the chart and tell me when did the sharpest spike occur? During the Clinton years? "If" governmental policies played a role in the erosion of middle-class should we continue pursing the policies of liberal democrats and republicans or return to traditional American policies?
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TMCM said:
Such as new deal policies that FDR implemented and we saw the largest gains in the middle class? Sounds great to me
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20 years later? Yeah, sure. It's almost as if something else happened to cause that. I dunno, a population influx of some kind. Almost like a bunch of people returning home all at once.
 
nutzo said:
And what does "life sucks" have to do with what a small number of CEO's are getting paid?

Adjusting for inflation, I'm making about 40% less than what I was making 15 years ago.
The main reason has nothing to do with some CEO's pay, but with the economy and the government.

To many foreign working being brought in which is suppressing wages, but the government want to bring in more. Too many regulations and taxes, so companies move production to other countries, suppressing jobs even more, and making life more expensive for the working class.

The government solution to mandate $15/hour minimum wage is just going to make things worse, as even more jobs will be eliminated. How is a high school drop out flipping burgers worth over $30K/year?
I made way less than that in my first computer job, and that was with a college degree.
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As a guy who trades stocks and commodities, I can assure you that everything you believe is the problem is completely and absolutely incorrect. It is laughable that you think some immigrant worker has anything to do with your income unless you are working the same jobs they are. All the bull crap that unions, regulations, blah blah have anything to do with it is ridiculous. Nothing can compete with the almighty dollar and when a company like Dell, Ford, Apple, etc can pay a worker $3 an hour vs $17-$30 it's a no brainer for them. The same goes for the engineering and call center jobs that are being outsourced to India and other Asian countries. They require less than half the pay and CFOs become enamored with the profitability potential. And this is the new economy we live in that is NOT going to change for a long long time. You think some politician can come in and change the way the free market is working? The economy we live in today IS the free market and that means companies will continue to find ways to decrease costs which means more outsourcing and more automation. And American worker productivity is higher than it ever has been in history which means that there is very little demand for new workers.

But if it makes you sleep better at night, keep on blaming some poor soul from Mexico trying to find a better life because some news channel told you so.
 
What's needed is a place where consumers can band together and fuck the hell out of every one of those greedy bastards. Personally, I'd start by long dicking Comcast without lube.
 
Flogger23m said:
Good luck affording an education on minimum wage.
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Grants, scholarships, subsidized loans, etc. The less money you make, the better off you are with regard to financing a college education.
 
thejokker said:
Take a close look at the chart and tell me when did the sharpest spike occur? During the Clinton years? "If" governmental policies played a role in the erosion of middle-class should we continue pursing the policies of liberal democrats and republicans or return to traditional American policies?
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Actually, the trend looks to have started earlier around 88-89, them's Bush Sr. years there. The dip from 91-94 probably coincides with a slight economic recession. You also have to look at the fact that whatever government does, usually takes a couple years to see the effects of...not always, but usually.

I'd also like to suggest the massive technological revolution of the 90s, widespread adoption of PCs and maturation of the internet, as a source of this widening ratio. Company's learning how to streamline their processes and eliminate jobs that can be replaced by a computer. Third party companies coming in and analyzing everyone's jobs and finding where the fat is to cut....I can't recall what they're called but, I remember them being really big in the 90s-00s but I don't really hear about them anymore...

Not saying I blame the internet and computers on the ridiculous pay....just a potential factor.
 
Gweenz said:
This says it all. How can you possibly defend CEO pay when the middle class is constantly being told there is no money for them to even keep up with cost of living? It's not how much they are making, it is the ratio.
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That's such a straw man argument. Yes the ratio is massive, but let's take ExxonMobile as an example. The CEO's total compensation package in 2012 was 40 Million. They Employ around 80,000 people. Split up his entire compensation for the year between all and everyone gets $500. A nice bonus, but It's not going to suddenly let everyone afford a new car, or house. Maybe a payment or two for a car, or half a months rent/mortgage, but that's it.

Do I think he's worth 40 mil? probably not, but I don't think any football player is worth millions either.
 
griffinhart said:
That's such a straw man argument. Yes the ratio is massive, but let's take ExxonMobile as an example. The CEO's total compensation package in 2012 was 40 Million. They Employ around 80,000 people. Split up his entire compensation for the year between all and everyone gets $500. A nice bonus, but It's not going to suddenly let everyone afford a new car, or house. Maybe a payment or two for a car, or half a months rent/mortgage, but that's it.

Do I think he's worth 40 mil? probably not, but I don't think any football player is worth millions either.
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Well honestly, that's how it works, the money flows up. Fine, $500 out of everyone's pocket. Well that's 40 million less we have circulating more in the economy and one person. Then you multiply this mentality among every major corporation and it doesn't take long before you have billions of dollars going to a handful of people instead of millions of different ones. That's part of how the middle class gets hollowed out. It's not any one thing, it's an erosion on many different fronts.
 
collegeboy69us said:
Call me old fashioned -- why is it anyone's business what he or she makes? If they do this for the CEO, why can't we find out what every one of our bosses makes? Where does the line get drawn?

I may only be 33 but it USED to be a professional to not discuss money/salary. No matter how bad you want to know, it's still none of your business how much someone else makes. If you truly believe you are being shafted or taken advantage of, quit and find a (better paying) job.
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It also used to be that the CEO and Board Members were only making 40-50 times what the other employees were making. Do you realize that the US is the only country were its top level management is make 3000 x difference v its lower employees? Do you know the nearest are South American countries and Russia that are making 50-60 x difference. So totally corrupt and third world countries have a larger difference than the US. WTF. And so you know I am nearly 50 and I have watched this disconnect grow only larger.
 
That was supposed to be 300x difference not 3000x, curse these fat fingers.
 
McFry said:
Me and my company pres like to talk planes together since we're both pursuing our pilots license. Except that he owns 3 planes already and has some guy fly him places. It was kinda funny how much of a peasant he see's me as, for one day he was accidentally bragging about how his yearly charter fee's are $300,000 and how he could have easily bought this new plane for $1,000,000. Thing is I asked for a $10,000 raise 6 months ago and was denied, "not in the budget". His plane costs $1000/hr to fly, so my entire yearly raise comprised the cost of a single one of his coast-coast charters.

Thats why I'll never be CEO of anything, because I just cant do that to people.
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Sounds like this video just might be about your boss,

IamFishead, https://www.youtube.com/watch?v=-eLQjn2ytaU
 
Most Hispanics vote democrat and this will destroy the republican party in time. And when the U.S. has a non-white majority we are finished as a first world country.
 
My immediate boss always tells me that I have a good salary compared to other employees of the firm. And I always answer: Why should I care? Equally why should I care about the CEO's wage? I care about my own wage.
 
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