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CEO pay has risen over 900% over the last forty years: No, pay for the CEOs of the 350 largest companies has risen over 900%. Said 350 largest companies have
by cperciva 6y ago
CEO pay has risen over 900% over the last forty years:
No, pay for the CEOs of the 350 largest companies has risen over 900%.
Said 350 largest companies have also grown dramatically; "CEO of the 50th largest company in 2020" (Procter & Gamble, $67B revenue) is a much bigger job than "CEO of the 100th largest company in 1980" (General Foods, $5.4B revenue).
- Talanes 6y agoWhy did you compare the smaller company in 1980 to the larger company in 2020? Surely if you wanted to really drive your point home, you'd do it the other way around. The way it is, you've just made it much harder to actually compare numbers. Just accounting for inflation brings that gap down to 67B vs 17B. Still sizable, but also comparing the 50th largest company to the 100th, so...
- cperciva 6y agoOops. Those are both the 50th largest companies by revenue for their years. Not sure why I typed 100 for one of them.
- dmix 6y agoThe end result of mass centralization of industries with plenty of political backing for mega-corps and the hackery of the massive finance industry. Meanwhile new small business registration numbers have been declining in the US.