Webmaster Forum

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


Reply
 
LinkBack Thread Tools Display Modes
Share |
  #1 (permalink)  
Old 05-03-2013, 09:04 AM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
These CEOs Make A 1000 Times More Than Their Average Employee

Quote:
It's no secret that CEOs make big money. But it can be truly shocking to see how much more they make than the people that work for them.

Since most companies don't make that ratio available, Bloomberg calculated it based on the "U.S. government’s industry-specific averages for pay and benefits of rank-and-file workers" and disclosed total CEO compensation by companies for the fiscal year that ended in 2012.

They found eight companies whose CEO made more than 1000 times what an average employee made. Each company was given the opportunity to respond to Bloomberg's calculations, and some disputed the methodology. Their comments can be seen here.

JC Penney

CEO: Ron Johnson (he was still CEO at the end of the FY ending in 2012)

CEO to employee pay ratio: 1,795 ($53.3 million/$29,688 )


Abercrombie & Fitch Co.

CEO: Michael Jeffries

CEO to employee pay ratio: 1,640 ($53.3 million/$29,688 )


Simon Property Group

CEO: David Simon

CEO to employee pay ratio: 1,594 ($137.2 million*/$86,003)

*from FY ended 2011


Oracle Corp.

CEO: Larry Ellison

CEO to employee pay ratio: 1,287 ($96.2 million/$74,693)


Starbucks

CEO: Howard Schultz

CEO to employee pay ratio: 1,135 ($28.9 million*/$25,463)


CBS Corp.

CEO: Leslie Moonves

CEO to employee pay ratio: 1,111 ($69.9 million*/$62,930)

*from FY ended 2011


Ralph Lauren Corp.

CEO: Ralph Lauren
CEO to employee pay ratio: 1,083 ($36.3 million/$33,550)


Nike

CEO: Mark Parker

CEO to employee pay ratio: 1,050 ($35.2 million/$33,550)

Some companies argue that the bulk of their CEO compensation is in the form of long-term stock options that give them incentives to perform well and to work for shareholders, and others that it's necessary to keep top leaders from leaving for a competitor.

Successful CEOs do have an outsize impact, but the numbers and ratios have gotten so large that it's not only demoralizing to employees, it's also increasingly hard to make a case to shareholders that justifies these astronomical figures.
http://www.businessinsider.com/ceo-pay-ratios-2013-4

Prosperity for all is not anymore a concern for the upper class.

What's the meaning of the pledge of allegiance today, when top of entrepreneurs in this country create injustice and divide?

"I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible, with liberty and justice for all."
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote

Advertisement

Advertisement

  #2 (permalink)  
Old 05-03-2013, 03:16 PM
Contributing Member
Latest Blog:
None

 
Join Date: 03-02-13
Posts: 71
iTrader: 0 / 0%
If it would be your business, would you like to earn like your employees? Also, they created a lot of workplaces - for example Starbucks - 149,000. People are not forced to work for them, they can create their own businesses, find other company etc..
 
Reply With Quote
  #3 (permalink)  
Old 05-03-2013, 03:29 PM
Bob Barr's Avatar
Moderator
Latest Blog:
None

 
Join Date: 05-17-08
Location: San Juan Bautista, California
Posts: 3,119
iTrader: 0 / 0%
So? The extent of the difference between a CEO's pay and the pay of his workers is nobody's business but the company's board of directors and its stockholders.
__________________
South SF Bay Area Carpet Cleaning Cleanway USA Inc.
 
Reply With Quote
  #4 (permalink)  
Old 05-03-2013, 06:12 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by RichBlogger View Post
If it would be your business, would you like to earn like your employees? Also, they created a lot of workplaces - for example Starbucks - 149,000. People are not forced to work for them, they can create their own businesses, find other company etc..
The wild capitalism is what happening in China, and I am afraid that the trend of these multi national corporations are more and more inspired by what's happening over there. When the wealth stay at the top, the whole system is broken. More states are going to be bankrupt and in a long term these companies will reduce or stop their operations. It seems like you guys are for the Plutocracy.

It is scandalous that we bail out these companies who want the all pie from the work of a group.

If you are for the ruling class depriving the nice working people from any result of their labor, that's fine, all you do is supporting greed.

The labourer is worthy of his hire


Quote:
Originally Posted by Bob Barr View Post
So? The extent of the difference between a CEO's pay and the pay of his workers is nobody's business but the company's board of directors and its stockholders.
First of all the SEC should enforce the disclosure of the ratio to the shareholders, which is not what they do.

That's everybody business when these corporations are receiving millions of taxpayers help, bailouts and advantageous credit with 0% of interest, forcing employee to signing up for food stamps, signing up for Medicare, etc Because after all, what some corporations are doing is just pass to the collectivity what they don't want to pay. No wonder why there is a giant deficit, so many people unemeployed, so many people under employed, and so many American left behind.

Note that I am far from socialist.
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #5 (permalink)  
Old 05-09-2013, 05:03 PM
txshellie's Avatar
v7n Mentor
Latest Blog:
None

 
Join Date: 05-04-08
Location: Fort Worth, TX
Posts: 2,045
iTrader: 0 / 0%
Quote:
Originally Posted by Brave7 View Post
It is scandalous that we bail out these companies who want the all pie from the work of a group.
Without Ralph Lauren, there is no Ralph Lauren company. Should I be jealous of the money he makes?

When Michael Jeffries came to Abercrombie, the company was losing $25 MIL a year and he has turned it around into one of the most profitable clothing companies targeted at young people. I guess he's created a job or two.

Larry Ellison is a co-founder of Oracle.

As a side note, I don't see the US as a place of one uber-class and the rest of us. Just picking a random, "low tech job", it turns out that maintenance Engineers in the US make an average of $82,000.

http://www.indeed.com/salary/Maintenance-Engineer.html

I actually knew this info because I was researching this last year when my husband and I were wondering if he needed to make a job change. Without a $100,000 degree or experience, the starting salary for the guy who does building maintenance is around $60,000.

Seems OK to me.

Unless you think the building maintenance guy should make $1 million a year.
__________________
Shellie
Owner, Christmas Light Source
 
Reply With Quote
  #6 (permalink)  
Old 05-09-2013, 06:22 PM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by txshellie View Post
Without Ralph Lauren, there is no Ralph Lauren company. Should I be jealous of the money he makes?
Without employees, there is no Ralph Lauren, period!

I guess it depends of your perspective, and if you think that employees should have a few bucks per hour to allow the CEO, and shareholders to get all the profits that's your own opinion.

I think the corporations 30 years ago were doing fine when they paid their CEO 200 ~ 300 times more than their wage employee base.

At least the employees had better wages.
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #7 (permalink)  
Old 05-09-2013, 10:27 PM
Contributing Member
Latest Blog:
Special Offer

 
Join Date: 05-20-05
Posts: 452
iTrader: 0 / 0%
The main problem I have is when Regressive taxation is involved. A CEO making $10 million/year should pay the same percentage into social security as you and I do. Their total tax percentage should not be lower than what you and I pay because they are using tricks to defer everything and report it as a capital gain rather than a salary. Regressive taxation is redistribution of money to the wealthy.
__________________
Better Than Google - Not the only game in town!
Google PageRank Hacked
 
Reply With Quote
  #8 (permalink)  
Old 05-09-2013, 11:26 PM
Bob Barr's Avatar
Moderator
Latest Blog:
None

 
Join Date: 05-17-08
Location: San Juan Bautista, California
Posts: 3,119
iTrader: 0 / 0%
Quote:
Originally Posted by Brave7 View Post
First of all the SEC should enforce the disclosure of the ratio to the shareholders, which is not what they do.
Why should the government do that? If the shareholders want that information, they can pressure the board of directors themselves to get it. Executive compensation is already required to be included in a company's financial filings.

Quote:
That's everybody business when these corporations are receiving millions of taxpayers help, bailouts and advantageous credit with 0% of interest, forcing employee to signing up for food stamps, signing up for Medicare, etc Because after all, what some corporations are doing is just pass to the collectivity what they don't want to pay. No wonder why there is a giant deficit, so many people unemeployed, so many people under employed, and so many American left behind.
You sure do attribute a lot of power to those eviiiil corporations. We have a huge deficit because government spending is too high. We have massive unemployment because the economy is in the crapper (and about to get much worse due to ObamaCare kicking in).


Quote:
Note that I am far from socialist.
Really? In many of your comments on this thread, you certainly sound like one -- Everything is the corporations' fault and government is the only solution.
__________________
South SF Bay Area Carpet Cleaning Cleanway USA Inc.
 
Reply With Quote
  #9 (permalink)  
Old 05-09-2013, 11:46 PM
Markyarnell08's Avatar
Contributing Member
Latest Blog:
None

 
Join Date: 02-10-13
Posts: 176
iTrader: 0 / 0%
I can't say that all CEOs are either greedy or altruists. These companies are their businesses. The CEO and his shareholders pay up to provide huge capital for their corporations. So it's natural that they receive something bigger in return. Plus, the operational and marketing costs are rising. There is a need to be cost effective and at the same producing great quality.

I know it's sad that an average employee earned less than their employers. But one can save money and start his/her own business if he/she leaves.
__________________
Network Marketing Training - Learn how to be effective in networking online
 
Reply With Quote
  #10 (permalink)  
Old 05-10-2013, 04:48 AM
Zap's Avatar
Zap Zap is offline
Super Moderator
Latest Blog:
None

 
Join Date: 01-15-06
Posts: 13,751
iTrader: 5 / 100%
Quote:
Originally Posted by txshellie View Post
Without Ralph Lauren, there is no Ralph Lauren company. Should I be jealous of the money he makes?
Good point. I see it made a lot. Rarely see the other side of the equation mentioned, however.
The flip side is that without Ralph Lauren employees, there is no Ralph Lauren company.
I'm pretty sure he ain't makin' his own shirts.

The reality is that he needs his employees as much as they need him.
It's just easier for him to act unilaterally than it is for his employees.
I'm not saying that he needs to earn the same as his staff but something more equitable than 1000 times the salary of an employee might be in order because he isn't making a dime without the employees who support him.

It's also in his best interest to pay his workers a decent wage. He should want them to be able to afford to buy his shirts.
See Henry Ford for the same philosophy.
 
Reply With Quote
  #11 (permalink)  
Old 05-10-2013, 06:44 AM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by Bob Barr View Post
Why should the government do that? If the shareholders want that information, they can pressure the board of directors themselves to get it. Executive compensation is already required to be included in a company's financial filings.
Did you read the article I have posted Bob?

Because it is the law: "
The Dodd-Frank financial reform bill includes a provision requiring companies to disclose this ratio".


Quote:
You sure do attribute a lot of power to those eviiiil corporations. We have a huge deficit because government spending is too high. We have massive unemployment because the economy is in the crapper (and about to get much worse due to ObamaCare kicking in).
Democratic vote was made even if the Congress did not have the time to vote.

Let me ask you a question: Why politicians voted on a law and provisions that nobody has read?


Quote:
Really? In many of your comments on this thread, you certainly sound like one -- Everything is the corporations' fault and government is the only solution.
Ahahahah I love this one, Bob you know like me that between corporations and government there are shadow organizations and think tanks that mostly decide for the people for the greater good...

People against any form of Governement are anachist, which I am not
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #12 (permalink)  
Old 05-11-2013, 01:08 PM
Contributing Member
Latest Blog:
Special Offer

 
Join Date: 05-20-05
Posts: 452
iTrader: 0 / 0%
When the CEO pays 15% in federal income taxes and the employees pay a higher rate something is wrong. The reason this is true is most of the CEO earnings are deferred or sheltered as a capital gain. We need to tax capital gains over $1 million at the rate of the highest bracket.

The people taking the most risk in this world are factory workers in unsafe conditions, first responders, and soldiers, but NOT CEOs, so let's give up the argument that rich people should have some kind of a break because they took the most risk. If Bill Gates didn't create the PC, someone else could have just as easily filled his shoes in an idea whose time had come.
__________________
Better Than Google - Not the only game in town!
Google PageRank Hacked
 
Reply With Quote
  #13 (permalink)  
Old 05-15-2013, 02:52 PM
Junior Member
 
Join Date: 05-15-13
Posts: 20
iTrader: 0 / 0%
So? I'd love to get paid 1000 times more than the average employee. Besides, these people make EXTREMELY important decisions that affect the health of the entire business.
 
Reply With Quote
  #14 (permalink)  
Old 05-15-2013, 03:20 PM
robjones's Avatar
v7n Mentor
Latest Blog:
None

 
Join Date: 09-15-09
Location: Texas
Posts: 9,680
iTrader: 0 / 0%
I kinda agree with Bob's initial point... but mostly where privately held companies are concerned. It's absurd to begrudge someone from reaping the fruits of taking the risk of entrepreneurship. The people that get paid

I diverge where we get to publicly held companies. [I'll lose my rightwing card for this one.] We've got widespread stock ownership and the rank and file stockholders have little say. The boards of directors are largely an interlocking group of people who vote each other and their friends huge bonuses whether the company does well or poorly, and that's just silly.

In my first marriage I was married to someone that did audits for a Fortune 500 company... and the waste and fraud just astounded me. There was no accountability and no linkage between productivity and remuneration. That's gotten worse since that time (that was the 1980s).

I'm not sure how to address it, but the gap has become unrealistically wide.
__________________
-- CAUTION: Not Politically Correct --
 
Reply With Quote
  #15 (permalink)  
Old 05-16-2013, 09:13 AM
Contributing Member
Latest Blog:
None

 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Quote:
Originally Posted by robjones View Post
I kinda agree with Bob's initial point... but mostly where privately held companies are concerned. It's absurd to begrudge someone from reaping the fruits of taking the risk of entrepreneurship. The people that get paid
I guess we have to make the difference between public corporations and private corporations, so it will be clearer.

When I am talking about multi national corporations and national corporations, of course it doesn't concern private corporations.

When you take a look at the behavior of public corporations which is a group of people by the way, the reward is going to the CEO and shareholders whatever how hard people work.

The argument is that CEO make the difference, perhaps it is true if the former CEO wasn't the right person for the job *Which happen often, but people tend to ignore it). When the corporation find a good CEO, he is well paid, plus get bonuses, plus get shares of the corporations and other incentives depending of the corporation.

Shareholders pay their shares, and get dividends for their investments, but they also if the corporation did well, see their share taking increases which is cumulated with dividends, basically they've got 2 ways to make money.

Employees get their wages and salary as lower as possible and it doesn't matter what the results of the corporations is (From excellent, very good, and good). If the results are bad they are laid off.

So, in my opinion it is a lucrative policy of demotivation that corporations today don't make the difference with good workers and normal workers, because individual performances are completly ignored by the corporations blueprint (Which is very political in my opinion).

So we can say that the corporation (group of people) are not equal in regard of the corporation results and the gratifications stay at the top. No trickkle down whatoever.
__________________
"The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant."

Robespierre
 
Reply With Quote
  #16 (permalink)  
Old 05-16-2013, 09:41 AM
G10's Avatar
G10 G10 is offline
Super Moderator
Latest Blog:
None

 
Join Date: 05-10-04
Location: UK - Cheshire
Posts: 11,762
iTrader: 5 / 100%
Interesting thread and I can see both sides of the coin, though Brave7 makes a valid point and that is that without its staff, any public corporation will cease to exist, though this isn't always shown within the wages.

My biggest irk with these sorts of business are the Pharmaceuticals. Yes, they spend millions on drug research, but the profits they make don't just go back to the drug, they go to pay the top management huge wages, they pay the shareholders great dividends, and whilst all this sounds ok, it is the people that need the drugs that have to pay not only for the drugs, but also for the top wages, the shareholders etc, which then forces major insurance premiums onto them as the drugs are so highly priced.

It's a slight skew off topic but at the end of the day, I do not believe that life-saving drugs should be turned into a majorly profitable business at the expense of the people needing the drugs.

There are certain industries where I don't really care what the top brass earn, if they want to earn 3000 x the salary that their staff earn, then that is up to them as greed isn't going to make them any happier though they probably think it will. But, anything to do with food or medical (drugs included), these should not be stupidly profitable industries as this almost always comes at our expense.
__________________
Click Here for Chester Carpet Cleaners
Sequential Labeling - Sticker and Decal Printers
 
Reply With Quote
Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Now, a new chip 'to make desktop computers 20 times faster' zslwork Tech Talk 0 12-29-2010 03:40 AM
These nonprofit CEOs are getting raises Franc Tireur Controversial Social Issues 0 09-29-2009 09:08 AM
How much revenue can one make with an "average" directory? Looker1 Web Directory Issues 14 10-09-2007 03:10 PM


V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory


All times are GMT -7. The time now is 10:47 AM.
Powered by vBulletin
Copyright 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2014 Escalate Media




Search Engine Optimization by vBSEO 3.6.0 RC 2 ©2011, Crawlability, Inc.