Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => Politics and Political Issues Board => Topic started by: The True Adonis on May 28, 2009, 11:31:36 AM

Title: CEO Pay to Average WORKER pay: By Country :/
Post by: The True Adonis on May 28, 2009, 11:31:36 AM
Ratio of CEO pay to average worker pay:

Japan
11:1
Germany
12:1
France
15:1
Italy
20:1
Canada
20:1
South Africa
21:1
Britain
22:1
Hong Kong
41:1
Mexico
47:1
Venezuela
50:1
United States
475:1


http://www.cab.latech.edu/~mkroll/510_papers/fall_05/Group6.pdf
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Hereford on May 28, 2009, 11:35:59 AM
Ratio of CEO pay to average worker pay:

Japan
11:1
Germany
12:1
France
15:1
Italy
20:1
Canada
20:1
South Africa
21:1
Britain
22:1
Hong Kong
41:1
Mexico
47:1
Venezuela
50:1
United States
475:1


http://www.cab.latech.edu/~mkroll/510_papers/fall_05/Group6.pdf

If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: The True Adonis on May 28, 2009, 11:37:53 AM
If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.

Do you find it interesting with any implications that the greatest pay disparity in American corporations are also correlated with a high failure and bankruptcy rate in the corporation itself?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Deicide on May 28, 2009, 11:39:00 AM
Do you find it interesting with any implications that the greatest pay disparity in American corporations are also correlated with a high failure and bankruptcy rate in the corporation itself?

Sucks to live in America, huh? ;D
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: The True Adonis on May 28, 2009, 11:43:53 AM
Sucks to live in America, huh? ;D
No. It just sucks that America has to play catch up to the rest of the world and there are considerable blockades to progressiveness.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: OzmO on May 28, 2009, 11:53:44 AM
If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.

This is a weakness of some of our companies.  CEO's make decision on their pay and not necessarily what's good for the company long & short term.  It's this same greed that has shown itself in the birth of Unions too.

Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Deicide on May 28, 2009, 11:55:19 AM
No. It just sucks that America has to play catch up to the rest of the world and there are considerable blockades to progressiveness.

Dream on, all this stuff you want in the US is just a pipedream. Will never happen.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: The True Adonis on May 28, 2009, 11:58:01 AM
Dream on, all this stuff you want in the US is just a pipedream. Will never happen.
Apathy and Negativity will never cure it that is for sure.  Luckily the Apathetic and the Negative are shrinking in our country.  It will take small steps for sure, but we will get there in time.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Deicide on May 28, 2009, 12:03:03 PM
Apathy and Negativity will never cure it that is for sure.  Luckily the Apathetic and the Negative are shrinking in our country.  It will take small steps for sure, but we will get there in time.

If you think so. Why bother when there are more options?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Soul Crusher on May 28, 2009, 12:13:14 PM
No. It just sucks that America has to play catch up to the rest of the world and there are considerable blockades to progressiveness.

How about you progessively get off your ass and start your own company like i did so you dont have to worry about these things? 
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: The True Adonis on May 28, 2009, 12:15:32 PM
How about you progessively get off your ass and start your own company like i did so you dont have to worry about these things? 
So you support "Too big to Fail"?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Soul Crusher on May 28, 2009, 12:25:22 PM
So you support "Too big to Fail"?

No way, these companies all deserve to go bankrupt if they fail. 

I am 1000% against all bailouts.   
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: wild willie on May 28, 2009, 12:40:37 PM
If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.
X2
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Dos Equis on May 28, 2009, 01:09:49 PM
If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.

Correct. 
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 28, 2009, 07:51:39 PM
If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.

Aaaaah - the 'American Dream' - do people still buy into that ? I always thought it was a great way to control a population of people by convincing them they will all become millionaires one day.

Fact is - you don't become a CEO through hard work - you become a CEO through nepotism & backstabbing. All of the CEOs I know are control freaks with major personality defects. The ones I have read about don't come out any better, either.

I am sure some CEOs get there through hard work & talent but they are the minority and I have never met one.

In terms of the boss making the rules - it's not quite true. In a public company the board make the rules & they rely on various means - such as mutual backscratching/shareholder voting apathy to award themselves destructive pay packages.

Q - who set your compensation package ?
CEO - the compensation review board
Q - who do they report to
CEO - me

The assertion that an unhappy employee could rise through the ranks & de-throne a CEO is naive.

As was stated - self employment is the only realistic way of becoming the boss.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Soul Crusher on May 28, 2009, 07:55:59 PM
I realized that day one and you are correct.  Self employment is the only possible way for most people to obtain any measure of wealth or financial freedom.  There is no guaranty of course, but there is more a possibility and opporutnity for advancement being self employed than there is working like cog in wheel for some company.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Dos Equis on May 28, 2009, 07:59:48 PM
Aaaaah - the 'American Dream' - do people still buy into that ? I always thought it was a great way to control a population of people by convincing them they will all become millionaires one day.

Fact is - you don't become a CEO through hard work - you become a CEO through nepotism & backstabbing. All of the CEOs I know are control freaks with major personality defects. The ones I have read about don't come out any better, either.

I am sure some CEOs get there through hard work & talent but they are the minority and I have never met one.

In terms of the boss making the rules - it's not quite true. In a public company the board make the rules & they rely on various means - such as mutual backscratching/shareholder voting apathy to award themselves destructive pay packages.

Q - who set your compensation package ?
CEO - the compensation review board
Q - who do they report to
CEO - me

The assertion that an unhappy employee could rise through the ranks & de-throne a CEO is naive.

As was stated - self employment is the only realistic way of becoming the boss.

Everyone has the potential to do great things in this country, regardless of background.  Not everyone will be a millionaire.  Not everyone wants to own a business.  Not everyone wants to be a CEO (which isn't a magic pill anyway).  But everyone has the potential to do/be just that.  

The notion that you have to lie, cheat, steal, sleep, etc. your way to the top is untrue.  Persistent hard work and integrity will take you as far as you want to go.  

Now, there is nepotism, backstabbing, dishonesty, etc. and it does help/hinder people.  But the "American Dream" is alive and well.  It's real, for anyone willing to work hard enough to realize it.    
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Eyeball Chambers on May 28, 2009, 08:01:55 PM
Aaaaah - the 'American Dream' - do people still buy into that ? I always thought it was a great way to control a population of people by convincing them they will all become millionaires one day.

Fact is - you don't become a CEO through hard work - you become a CEO through nepotism & backstabbing. All of the CEOs I know are control freaks with major personality defects. The ones I have read about don't come out any better, either.

I am sure some CEOs get there through hard work & talent but they are the minority and I have never met one.

In terms of the boss making the rules - it's not quite true. In a public company the board make the rules & they rely on various means - such as mutual backscratching/shareholder voting apathy to award themselves destructive pay packages.

Q - who set your compensation package ?
CEO - the compensation review board
Q - who do they report to
CEO - me

The assertion that an unhappy employee could rise through the ranks & de-throne a CEO is naive.

As was stated - self employment is the only realistic way of becoming the boss.

That's complete bullshit
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 28, 2009, 08:17:55 PM
That's complete bullshit

Says the "what would you do if you had a million dollars?" man.

How is floating through life fantasizing about being a millionaire working out for you ?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Eyeball Chambers on May 28, 2009, 08:34:06 PM
All of the CEOs I know are control freaks with major personality defects.

HAHAHAHAHAHAHHAHAHAHAHHA HA

All the CEO's you know....

Right... HAHAHAHAHHAHAHAHAHHAHAHA HAHAHAHAHHAHAHAHAHHAHAHA HAHH

 ;D
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 28, 2009, 08:49:54 PM
HAHAHAHAHAHAHHAHAHAHAHHAHA

All the CEO's you know....

Right... HAHAHAHAHHAHAHAHAHHAHAHA HAHAHAHAHHAHAHAHAHHAHAHA HAHH

 ;D

I can see why this may be hard for you to grasp considering the smarts you have shown in this thread thus far.

CEOs make decisions. Some people work in industries where they come into contact with people that make decisions. Some people, just by the nature of their work come into contact with C level execs in other companies. This is not a sign of wealth or success - just a sign that you play a certain role.

I just happen to be in a position where I have occasion to deal with people like this. Do you consider it a big deal ? I don't.

I don't come into contact with refuse at work as I am not a refuse collector. Also - not a big deal.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Hugo Chavez on May 28, 2009, 09:28:17 PM
If the worker doesn't like it, he can become CEO.

The boss makes the rules. That's the way it always has been.
Oh dude ::)  Please tell me you're just fucking around and not actually this nuts.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Hugo Chavez on May 28, 2009, 10:20:57 PM
Says the "what would you do if you had a million dollars?" man.

How is floating through life fantasizing about being a millionaire working out for you ?
That's MB and my fault.  RPF went along with an avatar theme around "Two chicks at the same time" from Office Space. 


ahhh, Two chicks at the same time... Fuckin A man... ;D
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Eyeball Chambers on May 28, 2009, 11:39:42 PM
That's MB and my fault.  RPF went along with an avatar theme around "Two chicks at the same time" from Office Space. 


ahhh, Two chicks at the same time... Fuckin A man... ;D

HAHA

It was an excellent idea.  I love Office Space.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: MB_722 on May 28, 2009, 11:44:58 PM
:)
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: MM2K on May 29, 2009, 01:28:04 AM
If a CEO makes 475 times what a worker makes, it is probably because there are 475 more peopel capable of being an average worker than there are of being a CEO. Its suppply and demand, nothing more nothing less. The fact that CEOs make 475 more times than an average worker attracts a lot of great talent to the United States. No one has the knowledge of who should be making what. Only GOD knows. The second best way to know is the systemic interactions between vast amounts of poeple. That knowledge is divided into tiny bits and fragments and can only be tapped through systemic interactions. The knowledge cannot be grouped and put into one person.

Do you care more about how much money YOU make or how much the other person makes?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: 24KT on May 29, 2009, 01:39:51 AM
I realized that day one and you are correct.  Self employment Owning a business is the only possible way for most people to obtain any measure of wealth or financial freedom.  There is no guaranty of course, but there is more a possibility and opporutnity for advancement being self employed owning your own business than there is working like cog in wheel for some company.

Fixed. ...and I completely agree,
...except there's a big difference between owning your own business and being self employed.

Both provide a certain degree of freedom & autonomy, ...but when you own a business, it can survive without you.
When you're self employed, ...if you're out of the picture, ...everything comes to a grinding halt.  :-\
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 29, 2009, 03:17:41 AM
If a CEO makes 475 times what a worker makes, it is probably because there are 475 more peopel capable of being an average worker than there are of being a CEO. Its suppply and demand, nothing more nothing less. The fact that CEOs make 475 more times than an average worker attracts a lot of great talent to the United States. No one has the knowledge of who should be making what. Only GOD knows. The second best way to know is the systemic interactions between vast amounts of poeple. That knowledge is divided into tiny bits and fragments and can only be tapped through systemic interactions. The knowledge cannot be grouped and put into one person.

Do you care more about how much money YOU make or how much the other person makes?

hmmm...

So you are implying that...

- all people that are capable of being CEOs are CEOs
- by definition then - all those employed as CEOs are capable of being CEOs
- that there is a linear relationship between salaries and availability of employees

Neither of the above 3 hold out in the real world. CEO's can be completely fucking useless and have better people holding the company together for them.

You can't start applying the laws of supply & demand to determine salary here because it is the CEOs themselves that set their own salaries, although most try to do it in via a committee overseen by a bunch of people that could be fired by... The CEO. It is a stretch to imagine that the CEO sets their own salary according to market dynamics as opposed to whatever the fuck they can screw the company for without being lynched by the shareholders.

When times are good, even the most ludicrous packages are largely ignored. In bad times, the media is all over them. Most publicly listed companies have their shares spread across many shareholders who also own shares in many companies. This creates apathy on the behalf of the shareholders as long as the price of shares is increasing.

So what to some CEOs do facing this set of circumstances? They fuck the company up with policies that increase the share price in the short term at the detriment of the long term. At the same time, they compensate themselves way out of relationship to the value they bring, knowing that the shareholders won’t complain whilst the share prices are increasing. Furthermore, when the prices eventually do go down – what do the shareholders do? Lead a rebellion to have the guy taken out? Nope – they just dump the shares.

You can’t blame the CEOs for this – it’s human nature.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Deicide on May 29, 2009, 03:40:44 AM
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on May 29, 2009, 04:05:48 AM
TA what do you care about money...you said that you can make as much Gold as you like...so stop complaining that you're broke!
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Deicide on May 29, 2009, 04:33:55 AM
TA what do you care about money...you said that you can make as much Gold as you like...so stop complaining that you're broke!

Hehe.

What passport do you own?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Soul Crusher on May 29, 2009, 05:25:31 AM
TA what do you care about money...you said that you can make as much Gold as you like...so stop complaining that you're broke!

When you dont work you dont have $$$$.  TA doesnt work so he doesnt generate income. 
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: BM OUT on May 29, 2009, 07:20:20 AM
I work at a place where the CEO makes about 4 million a year and another 2 or 3 in bonus money[plus an amazing benefits package over 200,000 a year in travel for his family and stuff like that].I DONT CARE!!!!!!!

I'm very happy with my job,what I make,my benefits,my work environment.In fact,I normally "give" the company and extra 3 hours a week coming in early off the books or staying late off the books.Why in the hell would I care what the CEO makes,when I'm happy with my lot in life?This is whiny ,baby bullshit and class envy at its finest.IF YOU DONT LIKE THE JOB,QUIT AND GET A NEW ONE OR START YOUR OWN COMPANY!!!
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: OzmO on May 29, 2009, 07:24:58 AM
I work at a place where the CEO makes about 4 million a year and another 2 or 3 in bonus money[plus an amazing benefits package over 200,000 a year in travel for his family and stuff like that].I DONT CARE!!!!!!!

I'm very happy with my job,what I make,my benefits,my work environment.In fact,I normally "give" the company and extra 3 hours a week coming in early off the books or staying late off the books.Why in the hell would I care what the CEO makes,when I'm happy with my lot in life?This is whiny ,baby bullshit and class envy at its finest.IF YOU DONT LIKE THE JOB,QUIT AND GET A NEW ONE OR START YOUR OWN COMPANY!!!

What if your CEO start making decisions that are bad for the company but good for him?  For example, revenues start declining for a period of years, so instead of investing money that could keep his company competitive he cut programs, lays people off but still keeps paying himself the same bonuses.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: BM OUT on May 29, 2009, 07:30:02 AM
What if your CEO start making decisions that are bad for the company but good for him?  For example, revenues start declining for a period of years, so instead of investing money that could keep his company competitive he cut programs, lays people off but still keeps paying himself the same bonuses.

This CEO has saved the company!!The best thing we have done is to keep unions OUT!!!Laying people off sometimes saves the company.This CEO actually forgoes his bonus pay and that of all execs for the last two years to stave off the bad effects of the economy.So,I cant speak for anyone else,but again,if you dont like the direction of the company,QUIT,find a new line of work.When you work for someone else,those are the chances you take.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Soul Crusher on May 29, 2009, 07:34:37 AM
This CEO has saved the company!!The best thing we have done is to keep unions OUT!!!Laying people off sometimes saves the company.This CEO actually forgoes his bonus pay and that of all execs for the last two years to stave off the bad effects of the economy.So,I cant speak for anyone else,but again,if you dont like the direction of the company,QUIT,find a new line of work.When you work for someone else,those are the chances you take.

Its amazing to hear TA whine about things he has no clue about.  College is the perfect environment for socialists because they never have to live with or be accountable to actual real life results of wrong ideas and beliefs.

I told TA many times, the day he gets a mortgage, a real job, real responsibilities, his whole attitude on life will change.   
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: OzmO on May 29, 2009, 08:21:45 AM
This CEO has saved the company!!The best thing we have done is to keep unions OUT!!!Laying people off sometimes saves the company.This CEO actually forgoes his bonus pay and that of all execs for the last two years to stave off the bad effects of the economy.So,I cant speak for anyone else,but again,if you dont like the direction of the company,QUIT,find a new line of work.When you work for someone else,those are the chances you take.

No, I'm talking about the CEO not forgoing his and the execs bonuses, but instead raping the company by lay offs, and pulling R & D funding.   

This is why some of our companies are in the tank. 
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: OzmO on May 29, 2009, 08:22:28 AM
Its amazing to hear TA whine about things he has no clue about.  College is the perfect environment for socialists because they never have to live with or be accountable to actual real life results of wrong ideas and beliefs.

I told TA many times, the day he gets a mortgage, a real job, real responsibilities, his whole attitude on life will change.   

True dat.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on May 29, 2009, 03:46:39 PM
Hehe.

What passport do you own?

Which country's passport do you want me to own?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: MM2K on May 30, 2009, 07:08:38 PM
Quote
So you are implying that...

- all people that are capable of being CEOs are CEOs


Pretty much, yes. Ofcourse, there are some people who are capable of being CEOs that are not CEOs, but not as great as the ones that already are. Some of these people will be CEOs in the future. Ofcourse, in a world of imperfect humans, there are people who are capable of being CEOs who will never be CEOs.

Quote
- by definition then - all those employed as CEOs are capable of being CEOs

Not quite all, but for the most part, yes.

Quote
- that there is a linear relationship between salaries and availability of employees

Not a PERFECT linear relationship, but for the most part, yes. There is definately a linear TREND. Im not so sure why that would be hard to beleive. A company is not going to bid $1 million dollars for a CEO if it doesnt think the CEO will contribute $1 million dollars to revenues.

Quote
Neither of the above 3 hold out in the real world. CEO's can be completely fucking useless and have better people holding the company together for them.

You can't start applying the laws of supply & demand to determine salary here because it is the CEOs themselves that set their own salaries, although most try to do it in via a committee overseen by a bunch of people that could be fired by... The CEO. It is a stretch to imagine that the CEO sets their own salary according to market dynamics as opposed to whatever the fuck they can screw the company for without being lynched by the shareholders.

When times are good, even the most ludicrous packages are largely ignored. In bad times, the media is all over them. Most publicly listed companies have their shares spread across many shareholders who also own shares in many companies. This creates apathy on the behalf of the shareholders as long as the price of shares is increasing.

So what to some CEOs do facing this set of circumstances? They fuck the company up with policies that increase the share price in the short term at the detriment of the long term. At the same time, they compensate themselves way out of relationship to the value they bring, knowing that the shareholders won’t complain whilst the share prices are increasing. Furthermore, when the prices eventually do go down – what do the shareholders do? Lead a rebellion to have the guy taken out? Nope – they just dump the shares.

But it is in companies that are owned soley by private investment firms where CEOs make the MOST money. NOT publicly owned companies where a committe board represents the shareholders.  As far as short term gains in share prices, investors within the company and financial ratings agencies are more likly to be concious of the distant future than are government beurocrats.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: liberalismo on May 30, 2009, 07:21:55 PM
Pay should equal the quality of work done and how much money the person makes for the company.

Do CEOs really make companies millions a year? No. MOST companies could run smoothly if they hired some experienced  manager and taught him the info quickly but paid him 100,000 a year. No real differences.


CEOs make so much $ mostly because companies think they "owe" them this for one reason or another. They are mostly useless.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 30, 2009, 08:11:07 PM


Pretty much, yes. Ofcourse, there are some people who are capable of being CEOs that are not CEOs, but not as great as the ones that already are. Some of these people will be CEOs in the future. Ofcourse, in a world of imperfect humans, there are people who are capable of being CEOs who will never be CEOs.

Not quite all, but for the most part, yes.

Not a PERFECT linear relationship, but for the most part, yes. There is definately a linear TREND. Im not so sure why that would be hard to beleive. A company is not going to bid $1 million dollars for a CEO if it doesnt think the CEO will contribute $1 million dollars to revenues.

But it is in companies that are owned soley by private investment firms where CEOs make the MOST money. NOT publicly owned companies where a committe board represents the shareholders.  As far as short term gains in share prices, investors within the company and financial ratings agencies are more likly to be concious of the distant future than are government beurocrats.


OK - let's say that there are 20,000 CEO positions in the US. By your logic, around 20,000 people exist in the US that are capable of fulfilling that role and few more. This makes no sense.

The CEO of a company I work with retired and a senior VP stepped in as CEO and is now running the company. Was this VP unqualified the day before the CEO retired & did he suddenly become qualified when the old CEO retired ?

Bottom line - plenty of people can do the job & the laws of supply & demand are not what drives CEO salaries. There is plenty of supply. 
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: big L dawg on May 30, 2009, 09:03:48 PM
ahh the American dream....you have to be asleep to believe it.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Eyeball Chambers on May 30, 2009, 09:33:51 PM
OK - let's say that there are 20,000 CEO positions in the US. By your logic, around 20,000 people exist in the US that are capable of fulfilling that role and few more. This makes no sense.

The CEO of a company I work with retired and a senior VP stepped in as CEO and is now running the company. Was this VP unqualified the day before the CEO retired & did he suddenly become qualified when the old CEO retired ?

Bottom line - plenty of people can do the job & the laws of supply & demand are not what drives CEO salaries. There is plenty of supply. 

I'm going to take a wild guess here and say "pedro01" = "loco".
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Matt C on May 31, 2009, 12:47:27 AM
Ratio of CEO pay to average worker pay:

Japan
11:1
Germany
12:1
France
15:1
Italy
20:1
Canada
20:1
South Africa
21:1
Britain
22:1
Hong Kong
41:1
Mexico
47:1
Venezuela
50:1
United States
475:1


http://www.cab.latech.edu/~mkroll/510_papers/fall_05/Group6.pdf

If a good CEO saves a company 200 million in a year, they are definitely worth 20 million in salary.  That 200 million ends up getting passed on to consumers in terms of savings or put towards upgrades of expansion of the company.  This is not a difficult concept to grasp to be honest.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on May 31, 2009, 01:10:12 AM
If a good CEO saves a company 200 million in a year, they are definitely worth 20 million in salary.  That 200 million ends up getting passed on to consumers in terms of savings or put towards upgrades of expansion of the company.  This is not a difficult concept to grasp to be honest.

You moron failed to grasp the concept that he is trying to pass, do you think that only US companies have CEO's that save millions of Dollars ?  ::)  (Disclaimer, this have nothing to do with my opinion on the subject, it's just to show you that you're a moron with a 131 IQ)
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 31, 2009, 02:29:57 AM
I'm going to take a wild guess here and say "pedro01" = "loco".

Way to debate the point about supply & demand setting salaries (or otherwise).
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Slapper on May 31, 2009, 04:17:01 AM
This is a weakness of some of our companies.  CEO's make decision on their pay and not necessarily what's good for the company long & short term.  It's this same greed that has shown itself in the birth of Unions too.

What gave birth to a unionized working class was the fact that in the XIX century people were working 15 hours per day, 6-7 days a week under unsanitary conditions for a meager salary.

Greed had nothing to do with it.

It was the working conditions.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Slapper on May 31, 2009, 04:32:29 AM
I just have one thing to say about the subject: In a free market environment EVERYTHING is tied to production, including salaries. That is how the game was initially set up. Those who produce the most ought to get paid the most. It's simple. Once you break this golden rule you may as well be playing Monopoly. And at this point in time we have such immense market distorsions (including rampant corruption) that I seriously wander about someone's sanity when they actually agree with someone who decides to give himself 200 million for getting the company share price up two bucks.

Many operation management gurus have warned American companies that they needed a less hierarchical business model (too many chiefs and too few Indians) and that they needed more democratic compensation packages. They have repeatedly refused to do so.

And when it comes to doing away with unions, all corporations have an easy fix: Match their benefits, sit back and observe the exodus. The biggest problem is that corporations are not made that way. Their # 1 motto is: Profit is out # 1 goal. And, as they say, "Live by the profit, die by the profit".

Cheers.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Soul Crusher on May 31, 2009, 02:48:35 PM
I just have one thing to say about the subject: In a free market environment EVERYTHING is tied to production, including salaries. That is how the game was initially set up. Those who produce the most ought to get paid the most. It's simple. Once you break this golden rule you may as well be playing Monopoly. And at this point in time we have such immense market distorsions (including rampant corruption) that I seriously wander about someone's sanity when they actually agree with someone who decides to give himself 200 million for getting the company share price up two bucks.

Many operation management gurus have warned American companies that they needed a less hierarchical business model (too many chiefs and too few Indians) and that they needed more democratic compensation packages. They have repeatedly refused to do so.

And when it comes to doing away with unions, all corporations have an easy fix: Match their benefits, sit back and observe the exodus. The biggest problem is that corporations are not made that way. Their # 1 motto is: Profit is out # 1 goal. And, as they say, "Live by the profit, die by the profit".

Cheers.

My answer is always the same, if someone is not happy where they are working, they are free to leave and get a higher paying job, start their own business, or try to become CEEO themselves. 
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: The True Adonis on May 31, 2009, 04:22:52 PM
My answer is always the same, if someone is not happy where they are working, they are free to leave and get a higher paying job, start their own business, or try to become CEEO themselves. 

Trying to start your own Automotive business sounds rather easy.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 31, 2009, 08:47:34 PM
My answer is always the same, if someone is not happy where they are working, they are free to leave and get a higher paying job, start their own business, or try to become CEEO themselves. 

Which presumes a level playing field - which does not exist anywhere.

The major difference between the US & the rest of the world is the fact that the concept of a level playing field is an ideal that people hold very close to their hearts.

There is actually very little difference between the US & Europe in terms of opportunity to excel and 'be all that you can be'.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on May 31, 2009, 09:43:45 PM
Trying to start your own Automotive business sounds rather easy.

As easy as producing Gold?  ;D
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Eyeball Chambers on May 31, 2009, 10:31:55 PM
Which presumes a level playing field - which does not exist anywhere.

The major difference between the US & the rest of the world is the fact that the concept of a level playing field is an ideal that people hold very close to their hearts.

There is actually very little difference between the US & Europe in terms of opportunity to excel and 'be all that you can be'.

What could the United States do differently to "level the playing field"?  ???

Anyone can make it in the United States, anyone.

Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on May 31, 2009, 10:33:32 PM
What could the United States do differently to "level the playing field"?  ???



Use a lawnmower?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: pedro01 on May 31, 2009, 11:05:36 PM
What could the United States do differently to "level the playing field"?  ???

Anyone can make it in the United States, anyone.



Naive

Do you believe this because of first hand experience or just through repetition of the mantra in the US media ?
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Matt C on May 31, 2009, 11:55:40 PM
You moron failed to grasp the concept that he is trying to pass, do you think that only US companies have CEO's that save millions of Dollars ?  ::)  (Disclaimer, this have nothing to do with my opinion on the subject, it's just to show you that you're a moron with a 131 IQ)

And guess where all the most talented Canadian CEOS go after not being able to advance in Canada anymore?  Why the USA you dumb shit.  ::)

http://www.lib.uwo.ca/business/braindrain.html
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on June 01, 2009, 12:05:50 AM
And guess where all the most talented Canadian CEOS go after not being able to advance in Canada anymore?  Why the USA you dumb shit.  ::)

http://www.lib.uwo.ca/business/braindrain.html

LOL you're such an idiot, not only that it doesn't prove your it only solidify TA point.

They go to the US because the pay there is so exaggerated not because only the US have billions dollar companies.
Not only that but you ignore the world economy which is much larger than US economy, furthermore, Japan have the lowest ratio and it's the world's second largest economy.

So FUCK you and your shitty Canada that you keep mentioning, no one cares, fucking retard with a 31IQ.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: Matt C on June 01, 2009, 11:18:57 PM
LOL you're such an idiot, not only that it doesn't prove your it only solidify TA point.

They go to the US because the pay there is so exaggerated not because only the US have billions dollar companies.
Not only that but you ignore the world economy which is much larger than US economy, furthermore, Japan have the lowest ratio and it's the world's second largest economy.

So FUCK you and your shitty Canada that you keep mentioning, no one cares, fucking retard with a 131IQ.

Fixed.

And you're right, it is shitty Canada, at least in the eyes of the CEOs, who go to the USA where their talent is given far better financial reward.
Title: Re: CEO Pay to Average WORKER pay: By Country :/
Post by: IFBBwannaB on June 02, 2009, 11:17:58 AM
Fixed.

And you're right, it is shitty Canada, at least in the eyes of the CEOs, who go to the USA where their talent is given far better financial reward.

3.1 IQ , now its fixed since you still don' understand the whole concept of this thread.