475:1 - New England Patriots Forums

Holy Diver · 10-05-2011, 06:03 PM

Thats the average CEO to worker pay ratio in the United States.

475:1

Should make you all yack in your mouth.

Going for Broke – Will Legislate For Food | The Middle of the Road

CEO-to-worker pay imbalance grows | Economic Policy Institute

http://newsjunkiepost.com/wp-content...by-country.jpg

I wonder where all the money went?

khayos · 10-05-2011, 06:06 PM

Quote:

Originally Posted by Holy Diver

Thats the average CEO to worker pay ratio in the United States.

475:1

Should make you all yack in your mouth.

Going for Broke – Will Legislate For Food | The Middle of the Road

CEO-to-worker pay imbalance grows | Economic Policy Institute

http://newsjunkiepost.com/wp-content...by-country.jpg

I wonder where all the money went?

That's not even remotely right. The company I work for grosses over 1 billion and at worst its 20:1

Holy Diver · 10-05-2011, 06:16 PM

Quote:

Originally Posted by khayos

That's not even remotely right. The company I work for grosses over 1 billion and at worst its 20:1

huh?

that makes zero sense.....because you assume your company has a 20:1 ratio, it ssomehow the same for the average?

Back on Earth....

here are more reports...

CEO pay soars while workers' pay stalls

CEO pay dwarfs employee pay, AFL-CIO highlights - Apr. 19, 2011

khayos · 10-05-2011, 06:23 PM

Quote:

Originally Posted by Holy Diver

huh?

that makes zero sense.....because you assume your company has a 20:1 ratio, it ssomehow the same for the average?

Back on Earth....

here are more reports...

CEO pay soars while workers' pay stalls

CEO pay dwarfs employee pay, AFL-CIO highlights - Apr. 19, 2011

So if an average worker makes 40k CEOs average 18mill? Maybe in orgs with over 20k employees

Holy Diver · 10-05-2011, 06:27 PM

Quote:

Originally Posted by khayos

So if an average worker makes 40k CEOs average 18mill? Maybe in orgs with over 20k employees

I didn't make up these #s, salaries do...

and I'm also not reporting on these #s, CNN, the AFL CIO, the economic policy institute, and USA today are.

So quick to defend CEOs, huh?

The Brandon Five · 10-05-2011, 06:34 PM

Quote:

CEO pay soars while workers' pay stalls

I am not sure that one helps your argument.

Quote:

Median CEO pay in 2010 was $9.0 million, based on 158 Standard & Poor’s 500 index companies with the same CEO serving all of 2009 and 2010 that have reported CEO pay, according to the USA TODAY analysis of data from GovernanceMetrics based on proxies that have already been filed

$9 million/475 - $18,947

I guarantee you that is not the average pay for workers nationwide never mind the S&P 500.

Further on in that article, I noticed this:

Quote:

The big increases in executive compensation are difficult for workers to swallow, given that many Americans are struggling just trying to find a job or make ends meet, says Alan Johnson of executive pay consulting firm Johnson Associates. “The fact this makes us all squirm is true.”

Still, part of the massive increase in CEO pay is a distortion, Johnson says. Because CEO pay fell the past two years, the recovery looks more dramatic. “If you drop a lot, when you come back, it’s a big percentage.”

And even though CEO pay is increasing, it’s still below 2007 levels. “Given the years of pay decreasing, there’s a certain amount of catch-up to get pay back to where it was in 2007,” says Paul Hodgson of GovernanceMetrics.

Well that's a relief.

I think that executive compensation is completely out of whack, but I don't see the data to support the idea that they are paid 500 times what a worker is.

Quote:

CEO pay dwarfs employee pay, AFL-CIO highlights - Apr. 19, 2011

This article falls into the same trap as your original post: comparing the wages for all workers to the pay for executives at the largest companies.

Quote:

In an effort to shine a light on CEO pay, the AFL-CIO examined chief executive salaries at 299 firms traded on the S&P 500. Their compensation was up 23% in 2010, compared to 2009. AFL-CIO used Bureau of Labor Statistics wage data to define typical worker pay, which was $33,190 for all occupations in 2009, the most recent year for which data is available.

scout · 10-05-2011, 06:36 PM

Quote:

Originally Posted by khayos

So if an average worker makes 40k CEOs average 18mill? Maybe in orgs with over 20k employees

If the stat is an average, then you can't pick a company and say it does not work. What it means tho, is that 475;1 is skewed even higher with the bigger companies (if that is an average).

khayos · 10-05-2011, 06:42 PM

Quote:

Originally Posted by scout

If the stat is an average, then you can't pick a company and say it does not work. What it means tho, is that 475;1 is skewed even higher with the bigger companies (if that is an average).

If someone is managing 20,000 employees then it's much different than 5000 employees or even 1000 employees.

The Brandon Five · 10-05-2011, 06:46 PM

Quote:

Originally Posted by Holy Diver

Thats the average CEO to worker pay ratio in the United States.

475:1

Should make you all yack in your mouth.

It should make shareholders yack the most.

Quote:

Going for Broke – Will Legislate For Food | The Middle of the Road

This is a blog which doesn't cite the source of this table:

Quote:

CEO-to-worker pay imbalance grows | Economic Policy Institute

This one seems to indicate a number that is less that half of what the first claims:

Quote:

http://newsjunkiepost.com/wp-content...by-country.jpg

This one looks like it came from a term paper (Group 6 from Louisiana Tech)?

Quote:

I wonder where all the money went?

Mostly single-malt scotch, Cuban cigars and hookers I would guess.

Holy Diver · 10-05-2011, 06:48 PM

Quote:

Originally Posted by The Brandon Five

This article falls into the same trap as your original post: comparing the wages for all workers to the pay for executives at the largest companies.

Thats not a trap...its the truth. somehow you are not counting ALL workers in a company as actual workers?

what classifies as an actual worker? someone who makes over $50/hr? full time people? A white guy?

A worker in china, is still a worker. Someone pushing minimum wage flippin burgers is still a worker. Its comparing what the average AMERICAN CEO gets in comparason to the average WORKER.

We as a nation have seen our greatest debt, our middle class shrinking, our jobs shipped off, and our CEO's are making out like bandits...at a record level too! Y'all can sit there and make all sorts of excuses, like its the unions fault, or teachers and firemen...but its not difficult to see that capitalism breeds greed, and envy. Defending these slave masters is the latter.