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I don't care what the average CEO makes or how flawed her statement is. What I care about is how many people are employed by those top 350 companies? And what d
by acconrad 11y ago
I don't care what the average CEO makes or how flawed her statement is. What I care about is how many people are employed by those top 350 companies? And what defines a "chief executive"? Someone who owns a corner store with 2 employees? Say 100,000 people are employed, and 6,500 companies employ 3 people, and the remaining 350 companies employ the rest of the population (99% of all businesses in the US are small businesses). That means Clinton's statement still applies to 80% of the population, even if it's not about the "average" CEO.
What matters is that the majority of Americans make colossal magnitudes less than the majority of their CEOs.