CEO Pay up 27% while worker pay stalls

[rightwinger]

CEO pay soars while workers' pay stalls - USATODAY.com

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics


As CEOs tell their workers....."You need to tighten your belts in these tough economic times"

 

[Truthmatters]

While 2/3rds of corporations paid no taxes

 

[del]

and obama sat by and did nothing

shame

 

[Mr Natural]

[ame="http://www.youtube.com/watch?v=XO99nL_at0o"]"It's good to be the King."[/ame]

 

[WillowTree]

Strive to become a CEO. Get off yer lazy azz.

 

[DiamondDave]

Study, learn, make a name for yourself, gain connections, and become a CEO... you have the freedom to do so...

Fucking class warfare idiots

 

[Trajan]

CEO pay soars while workers' pay stalls - USATODAY.com

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics


As CEOs tell their workers....."You need to tighten your belts in these tough economic times"

oh boohoo....


you got your "216K" jobs....now get back in there and swab that toilet.

 

[Nosmo King]

Yet the fact that CEOs’ pay is rising along with stock prices underscores the disconnect between pay and companies’ true underlying performance, Lazonick says. While companies in the S&P 500 boosted profit 47% last year, much of that was due to cost-cutting and layoffs, not from the creation of businesses and growth, Lazonick says. Revenue, a gauge of the money flowing into businesses for selling goods and services, grew at a much slower pace than profit — and ended the year up just 7%.

And it's the customer base that these corporations depend upon for future sales! Can those few uber rich spend the way the masses of consumers do? Can their spending drive the economy like the workers spending can?

Concentrate wealth into fewer and fewer hands and that wealth will stagnate. The only way the economy works is the EXCHANGE of wealth for goods and services, not by concentrating the wealth among the very few.

Look to sub-Saharan Africa for your paradigm of stagnation. The poor mine the wealth, the owners keep the wealth and the poverty grows exponentially.

 

[Truthmatters]

Strive to become a CEO. Get off yer lazy azz.

Are all your kids going to be CEOs?

 

[Mr Natural]

Strive to become a CEO. Get off yer lazy azz.

And what corporation are you CEO of?

 

[WillowTree]

Strive to become a CEO. Get off yer lazy azz.

Are all your kids going to be CEOs?

No, but my kids don't laze around on a message board all day bitching about CEO's either.. get off yer lazy ass and try to be one..

 

[WillowTree]

Strive to become a CEO. Get off yer lazy azz.

And what corporation are you CEO of?

see below!

 

[Trajan]

Strive to become a CEO. Get off yer lazy azz.

And what corporation are you CEO of?

does it matter? shes not bitching about it.....

now get out your Mr. Clean and hit that linoleum, if you work hard enough I'll give you a raise so you can afford a tile floor...chop- chop...

 

[asterism]

CEO pay soars while workers' pay stalls - USATODAY.com

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics


As CEOs tell their workers....."You need to tighten your belts in these tough economic times"

False comparison. The author compared median CEO pay in only 158 companies with median pay from a BLS survey intended to represent all workers in private industry.

An accurate comparison would have been median CEO pay in those 158 companies with median pay for all other employees in those 158 companies, or median pay according to the BLS and median pay for all CEOs. But that wouldn't give the desired talking point.

 

[asterism]

While 2/3rds of corporations paid no taxes

Another false comparison. How many of the 158 companies surveyed paid no taxes?

You say that 2/3rds of all corporations paid no taxes, how many of them earned no profit?

 

[martybegan]

CEO pay soars while workers' pay stalls - USATODAY.com

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics


As CEOs tell their workers....."You need to tighten your belts in these tough economic times"

False comparison. The author compared median CEO pay in only 158 companies with median pay from a BLS survey intended to represent all workers in private industry.

An accurate comparison would have been median CEO pay in those 158 companies with median pay for all other employees in those 158 companies, or median pay according to the BLS and median pay for all CEOs. But that wouldn't give the desired talking point.

Nice catch, interesting data manipulation.

 

[R.D.]

CEO pay soars while workers' pay stalls - USATODAY.com

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics


As CEOs tell their workers....."You need to tighten your belts in these tough economic times"

CEO's tell the workers that? NO!

Obama does.

 

[martybegan]

While 2/3rds of corporations paid no taxes

Another false comparison. How many of the 158 companies surveyed paid no taxes?

You say that 2/3rds of all corporations paid no taxes, how many of them earned no profit?

They probably mean federal corporate income taxes. If you count all taxes, including FICA, sales, excise, etc, they have paid taxes. Plus the income of thier employees are taxed.

 

[boedicca]

This is hardly surprising. Stocks tanked, pay fell; stocks went up, pay increased.

This is what happens. It's also important to note that this highly leveraged "performance based" pay system is a direct result of government interference. In order to "punish" CEOs for receiving high bonuses, the tax code was changed. In response, comp packages were modified to be more heavily weighted in stock options - which in the end made the CEOs more highly paid than ever.

The data set for this study is only 158 S&P companies - these are hardly representative of the broader business community. But it is representative of the Crony Capitalists who Love Big Government and all the tax favors, bail outs, pork, and regulatory constraints on smaller competitors that favor their businesses.

 

[Truthmatters]

The income of their employees is NOT their money.


http://www.ocnus.net/artman2/publis...-US-Corporations-Pay-Zero-Federal-Taxes.shtml



2/3rds of US Corporations Pay Zero Federal Taxes
By AkterNet 27/3/11
Mar 28, 2011 - 9:17:39 AM