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United's CEO was paid $19m last year (per Morningstar). United has 86000 employees. That works out to $220 per employee over the course of the year, or about
by coredog64 9y ago
United's CEO was paid $19m last year (per Morningstar). United has 86000 employees. That works out to $220 per employee over the course of the year, or about $10 per paycheck (gross).
If you dumped all the executives, the raise amounts to $30/paycheck.
Do you think $600/year is the difference between good employees and those that let men get beaten?
Morningstar's free summary doesn't break down cash vs. equity. The latter is mainly being paid by shareholders and wouldn't represent cash that was available to distribute to employees. Therefore it is highly likely that the "windfall" of a regular Joe CEO would be much less than I have noted here.
- icantdrive55 9y ago"Do you think $600/year is the difference between good employees and those that let men get beaten?" Yes. On a larger note, don't you think employee moral/"I actually give a chit about this job" would rise if the average Joe felt a part of a true team? Not a selfish team? I can only think of one company who decided to buck the trend of giving the "resume genius, or I did something interesting ten years ago." huge sums of money, so I can't even offer an example. I do feel, with the exception of a few happy companies, like Google, Apple, buyoldfurniturefromagayman.com(yea--I thought it was a parody, or I was really loosing it. I woke up to that commercial, and thought it was funny. I then saw it again while awake. I'm still not sure it's real, but wish them luck.); the average employee hates their employer. And, giving the resume genius so much money only makes sence in a market like this one--a bull market, with investors with so much money they don't know where to dump it. I don't really know, but the disparity between pay is something I haven't habituated to yet. And it's easy to cherry pick the obvious failures--MM. We all know those initials.
- UK-AL 9y agoYou could hire a few teams of incredibly skilled people for that though.
- rhizome 9y agoIsn't there a large org chart of not-quite $19MM earners to account for, too? It's not like everybody makes $200K until being made CEO.
- lovich 9y agoAt the low end of wages I think 600 a year would alleviate enough stress to show an improvement in employee behavior. People don't usually wake up thinking they'll half ass their job or make a poor decision that day, but when you are dealing with the stress of paying rent or putting food on the table it just pushes you that much closer to cracking