4 ms·
>How to get higher wages? How to get lower costs? Gee I wonder... https://www.epi.org/publication/ceo-compensation-2018/ https://www.epi.org/publication/ceo-c
by grawprog 7y ago
>How to get higher wages? How to get lower costs?
Gee I wonder...
https://www.epi.org/publication/ceo-compensation-2018/ https://www.epi.org/publication/ceo-compensation-2018/
>CEO compensation has grown 940% since 1978
Typical worker compensation has risen only 12% during that time
>What this report finds: The increased focus on growing inequality has led to an increased focus on CEO pay. Corporate boards running America’s largest public firms are giving top executives outsize compensation packages. Average pay of CEOs at the top 350 firms in 2018 was $17.2 million—or $14.0 million using a more conservative measure. (Stock options make up a big part of CEO pay packages, and the conservative measure values the options when granted, versus when cashed in, or “realized.”)
>CEO compensation is very high relative to typical worker compensation (by a ratio of 278-to-1 or 221-to-1). In contrast, the CEO-to-typical-worker compensation ratio (options realized) was 20-to-1 in 1965 and 58-to-1 in 1989. CEOs are even making a lot more—about five times as much—as other earners in the top 0.1%.
>From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.
- maerF0x0 7y agoHow do you recommend we go about telling someone they cannot earn what they can convince someone to pay them, or that a company/board cannot pay the CEO as much as they're willing to?
- grawprog 7y agoFind ceos with some integrity for a change. http://newsinflight.com/2018/12/03/japan-airlines-ceo-took-a-pay-cut-to-punish-himself/ http://newsinflight.com/2018/12/03/japan-airlines-ceo-took-a...
- jrs235 7y ago"You can pay your CEO whatever amount you want so long as it isn't 50 times more than the lowest hourly wage times 2080 that you pay any employee of yours." ... Queue the gig economy...
- ncallaway 7y ago"You can pay your CEO whatever amount you want so long as it isn't 50 times more than the lowest hourly wage times 2080 that you pay any employee of yours, any contractor of yours, or any of their subcontractors."
- xigency 7y agoAt a $10/hour minimum wage, that's a range between $20,000/year and $1,000,000/year.
- berbec 7y agoWhich is much better gap than $20,000/year and $2,284,044,884/year. [1] 1: https://www.insidermonkey.com/blog/10-highest-paid-ceos-in-the-world-in-2019-796222/10/ https://www.insidermonkey.com/blog/10-highest-paid-ceos-in-t...
- jrs235 7y agoMake the multiplier 500 instead of 50. Society determines what a "fair" value is and it might change over time.
- paulddraper 7y agoInteresting, but (I think) your implication of dividing a CEO's wages across a company would do very little to get you higher wages. CEO's wages are "unfair", sure, but not really the solution or cause of any problem.