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There are probably some exceptions but in most businesses you could eliminate the CEO salary altogether and there wouldn't be enough savings to give "the worker
by ams6110 9y ago
There are probably some exceptions but in most businesses you could eliminate the CEO salary altogether and there wouldn't be enough savings to give "the workers" more than a very small raise.
- pm24601 9y ago[Former] Wells Fargo CEO John Stumpf made 473 times more than the salary of a median employee, according to Bloomberg. That ratio of CEO-to-employee pay puts Wells Fargo at No. 33 among S&P 500 companies and third highest among financial institutions on the list. He earned $19.3 million in total compensation last year. Add in the other highly paid C-level people in WFC and Split that with the median paid and below employees would mean about $3000/year. For a full-time teller making about $30K/year that is a 10% salary difference. I do call that much more than a "small" raise.
- deleted 9y ago[deleted]
- cottonpicker 9y agoBut the median-wage Wells Fargo employee is a crook who defrauds Wells Fargo employees. It is not right that those employees should profit from abusing customers. Clearly, top-tier executives should be the ones to profit from this.
- pm24601 9y agoCorrection: > Wells Fargo employee is a scapegoat
- kelnos 9y agoRight, but you wouldn't split it equally. You'd split it proportionally based on what each employee actually makes, so the $30k/yr employee would get less than a $3k raise.