CEOs earn 380 times in pay more than average worker - Apr. 19, 2012
So does the CEO work 380 times harder?
Or is the CEO 380 times more useful?
Most nations pay gap is 20/50-1. Not 380-1. It's absolute ignorance.
The job of the CEO today is to prevent pay raises. They get about 25% while the corporations get about 75%. It pays good to be a Cash Driven idiot.
Sadly, "Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low "
Read more:
Profits At High, Wages At Low - Business Insider
Why are workers trash when Corporations can't thrive without them?
The ignorance about economics and Capitalism is rampant amongst the anarchoMarxists aint it? Heres a completely free idiots guide to corporate CEO compensation. When you go hire a new CEO to run the 38 separate businesses of Caterpillar, you offer them a salary plus equity compensation. Equity doesnt come off the backs of ANY OTHER WORKER in the company. In fact, I and most stockholders would not invest in ahuge company where the CEO WAS NOT a major owner of that company. If you strip away the equity comp, and divided that remaining salary amonst the Catipillar workers, they could all get a set of Cat Working Shoes, a Cat tee shirt, and a steering wheel from a dozer each year. Or they could mug him, divide up up his salary and hope that the lower paid dupe that takes his place at that 20X ratio doesnt result in 10% layoffs next year. The reason the ratio is higher HERE, is that our companies represent 10X the worlds average corporate capitalization.
You really need to stop parroting millenial street pissing Occupy crap, and start studying and thinking about how our economic system really works.