task0778
Diamond Member
Min wage is needed and it's also bullshit.
On the island Of LikkMee. The law reads:
OK assholes. Company made 50 million.
pResident made 10 Million
You five assistants split 5 of that(his).
Now. Smoke a joint
5 million for head asshole
1 million each for associate assholes.
Cool ?
The 300 downstairs made 30 grand a piece(chump change$15/hr) =9 million,
Their bonus is 30 grand a piece. 9 million more
Profit of company.... 20 million or so...until the accountants get done.
Is this problematic ???
I highly doubt there are any companies where the president makes $10 mil running a company that only made $50 mil. If you look at the fortune 500 companies, I only found 25 where the CEO makes $10 mil or more. You gotta be one of the big boys before you get that kind of compensation.
Interestingly, I found this while looking around:
How much does a Chief Executive Officer make in the United States? The average Chief Executive Officer salary in the United States is $771,165 as of May 27, 2021, but the range typically falls between $582,690 and $993,605. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Chief Executive Officer Salary | Salary.com
The 2022 average Chief Executive Officer salary in the US is $786,256. How much does a Chief Executive Officer make near you? Get a free salary report today.
www.salary.com
The Left loves to point out the difference between what the average worker makes, but then they compare that to what the average fortune 500 CEO makes instead of the average CEO. Not exactly honest.