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However, when CEOs make on average 300 times more than their workers, it kinda screws up that crucial average, doesn't it. Not at all. The "300x" statistic co
by cperciva 10y ago
However, when CEOs make on average 300 times more than their workers, it kinda screws up that crucial average, doesn't it.
Not at all. The "300x" statistic comes from an analysis of the 350 largest firms; these all have at least 10,000 employees, so even the outsized CEO compensation is at most a few percent of the total.
- Sone7 10y agocjwilliams wrote pretty much the same thing. See my response to him. Also, considering that TFA is expressly talking about the largest firms and blaming them for income inequality, the criticism holds even less water for me.