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Originally Posted by BlackCrayon
How do you justify the average CEO salary being 335 times that of an average employee? Just in 1998 it was about half that. If things continue to go this way, we'll eventually see the average CEO making 1000 times what the average worker does.
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It's a private corporation, the CEO and many times the owner of the company is entitled to whatever he wants, his biz, his decision. If I had enough money in my biz to pay myself 1000X my employees, it's my money, and if the employees don't like it, they can quit (proving it was a bad decision on my part), but as my company I can do whatever the fuck I want and I don't need a govt' to stick their noses in my business and tell how much I'm allowed to earn off my own business.
If it's a publicly traded company I think it's a bit different since the company and CEO are answerable to the shareholders. Nothing is worse than seeing CEO's being paid millions a year in salary and given 100million in stock options, then the CEO runs the company in the ground and is rewarded for it at the expense of the stock holders. SEC should have some rules setup that they can't do that in a way that screws the shareholders, and as a shareholder you would have the right to demand they change this practice.
If you don't have ownership interests of the company, or are an employee of the company, you should stop using the companies service or buying the companies products if you don't like their biz practice. Otherwise, stop whining and get to work on your own deal.
Quote:
Originally Posted by BlackCrayon
As for the 'anyone can get rich' idea.. sure in theory but just about all of those hugely successful people have some kind ot catalytic event that propels them towards success and without, most likely would never of achieved such success. It could come from a connection that person just happens to have vs another person with the exact same idea who didn't have that connection. Guess who will be successful? Or like the guy who was lucky enough to get a relative to lend him 100k of capital vs the guy who has no one to lend him capital, etc etc etc.
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That's stupid. Most successful people I know did it themselves with little help and nothing more than hard work. The idea of "luck" is being there and knowing where to look and how to execute an opportunity. Opportunities are everywhere but you will never find them if you are busy doing nothing but bitching about your misfortunes.
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Originally Posted by TheSquealer
Rich people aren't continually spending MORE than they have to create the appearance of wealth. Poor people continually spend more than they have. Obviously everyone spends money. Certainly an astute observation on your part. Great Job!.
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Rich people spend more than they have to create wealth all the time, far more than a poor person. People get rich all the time borrowing huge sums of money many times more than they are worth, to go into a project they work to death on and pays off in spades in the end.
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Originally Posted by TheSquealer
you speak in generalities....
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HA! you obviously have no clue.