Hutch Starskey
Diamond Member
- Mar 24, 2015
- 35,391
- 9,170
True, and although below is not the perfect example, it should show some hint of "where" the money should come from...
(BTW, there is a bit of irony regarding where the article below generated....).
A recent article on Bloomberg.com last month illustrates the gap between high and low wage earners in the U.S. According to the article, in 2012, the average multiple of CEO compensation to that of rank-and-file workers was 204, up 20% since 2009. In other words, the average CEO made 204 times what the average worker earned in wages and benefits.
The most egregious example cited by Bloomberg.com was Ron Johnson, former CEO of J.C. Penney, which fired him April 8 after a 17-month stint during which he failed to turn around the company. Johnson, according to Bloomberg, received $53.3 million in compensation as reported in the company’s 2012 proxy — “1,795 times the average wage and benefits of a U.S. department store worker [$29,688] when he was hired.
So what are you implying here, that the CEO should give his money to the workers?
No, that business should invest more in it's employees rather than top execs.