4 ms·
I'd laugh my ass off if the CEO/upper management of any company in the US had to actually report to their employees how much they made, and not just through sal
by taurath 9y ago
I'd laugh my ass off if the CEO/upper management of any company in the US had to actually report to their employees how much they made, and not just through salary. There would be an uprising.
- cellshade 9y agoThe full compensation for the officers of any public company is available publicly in their filings.
- harryh 9y agoCompensation packages for CEOs and upper management for public companies are, in fact, public in formation (in most cases, there are some exceptions). This sort of thing is routinely reported on by the press. This has been true for a long time.
- jmcgough 9y agoPeople already know CEO salaries for publicly traded companies, and there's been no uprising.
- falcolas 9y agoNo uprising, but there has been an upwelling of CEO compensation, as nobody wants to lose their CEO due to a lack of compensation. IIRC, it's been one of the biggest driving forces in CEO's salaries skyrocketing. I don't think, however, that it would have a similar effect on our (i.e. employees) salaries.
- secabeen 9y agoIt's the Lake Wobegon effect. No company wants to say their CEO is below the mean, and pay is a signal of CEO quality, so every company is always trying to pay above the mean, and so the mean inexorably rises and rises.
- krupan 9y ago"I don't think, however, that it would have a similar effect on our (i.e. employees) salaries." Why not?