7 CEO's really raking in the bucks ---> do they deserve it?

Discussion in 'Economy' started by rdean, Jan 15, 2012.

  1. rdean
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    rdean rddean

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    7 CEOs pulling in outsized paychecks

    The typical CEO at an S&P 500 company makes 180 times more than an average employee does. Here are 7 who earn 1,200 to 2,500 times more.

    The top CEOs on my list were making $33,000 to $48,000 per hour, compared with $18 to $30 an hour for their workers. That means the CEOs earned as much in 75 minutes as a typical employee made in an entire year. (And that's giving CEOs a break, assuming a 60-hour workweek with two weeks of vacation a year, compared with workers' 40-hour weeks.)

    Put another way, the ratios of CEO pay to worker pay ran as high as 2,500-to-1, compared with 180-to-1 on average at S&P 500 companies.

    Plus, this widening pay gap has come at the expense of the middle class, which shrinks consumer spending and hurts the economy, says Brandon Rees, deputy director of the AFL-CIO Office of Investment. And the three biggest pay gaps I found are are at companies in health care -- at a time when rising health care costs are crushing many family budgets.

    7 CEOs pulling in outsized paychecks - executive compensation - Money

    Gee, I wonder how many government subsidies they get. Like Bain Capital who got lots.

    With money like that, I bet they buy a lot of politicians.
     
  2. MeBelle
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    MeBelle Mebellien Mothership © Supporting Member

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    You don't get to decide if they deserve it unless you are a stockholder in the company.
     
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  3. expat_panama
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    expat_panama Silver Member

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    Huh. The article only mentions 7 but quotes a report with ten CEOs. Might be because the first three on the list made as much as the other seven and their companies were health care and autos --with ties to Obama.
     
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  4. editec
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    editec Mr. Forgot-it-All

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    Deserve isn't a word one can prove empirically.

    Just desserts are in the eye of the beholder.
     
  5. Gagafritz
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    Gagafritz Lady Germanotta Snicks

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    I think it is greed. Capitalism without underlying moral/ethical principles is just as corrupt as any other system. The Bible says the laborer is worthy of his wages. Not screw the laborer with as little as possible. And, a CEO who established and invented and started the company is one thing. An MBA who did nothing to start it and comes in as corporate raider, raiding and stealing the profits until the company goes into bankruptcy and then moving on to another company is another story.
     
  6. Gagafritz
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    Gagafritz Lady Germanotta Snicks

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    Should hospital CEO's be raking in the big bucks who earn their living of Medicare as well? I think those are reasonable questions.
     
  7. California Girl
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    California Girl BANNED

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    Am I paying these 'big bucks'?

    No?

    Ain't my business.
     
  8. Two Thumbs
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    Two Thumbs Platinum Member

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    Can I get some cheese with this whine?
     
  9. Gagafritz
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    Gagafritz Lady Germanotta Snicks

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    Yes. In some ways you are. Businesses wouldn't exist without govt funded roads and services. Nothing exists in a vacuum.
     
  10. Sunni Man
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    Sunni Man Diamond Member

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    I see that you like to quote the Bible.

    Maybe you should look up the verses about the sins of jealousy and envy. :cool:
     

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