Why do American CEOs get paid so much?

Discussion in 'Budget & Taxes' started by LafayetteBis, Aug 21, 2018.

  1. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    And the average CEO's income in comparison to workers is?

    Also, I'm betting most corporate CEOS make more money than they report officially or publicly for tax purposes.

    Apples to apples? Hardly.
     
    Last edited: Oct 4, 2018
  2. drluggit

    drluggit Well-Known Member

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    Then clearly you aren't paying attention. I would remind you that ms Kardashian is actually a well oiled business machine. Why am I not surprised though that you were unaware of that?
     
  3. drluggit

    drluggit Well-Known Member

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    Translation... gosh, wall of text that actually is both accurate and that's scary, so you won't address it. Got it. In the real world, people should have learned by now that it's up to them to figure out how to be self sufficient. The most awesome thing ever about our little nation here is that we all have the most amazing potential to make more for ourselves than about anywhere else we know of. We have schools that, if you actually pay attention and attempt to excel in, can launch your ability to be both self sufficient as well as successful. We have probably the most effective unitizing method I know of that produces excellence anywhere compared to any nation around. So, you seem to be so concerned about it, what do you do to advance it?
     
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  4. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    If you mean she has others do all the work for her where she sells her brand appearance or image as a stamp on the business, sure whatever you say.
     
  5. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    Do you live in the United States or elsewhere? I'm curious.

    As for me I am just riding the coat feathers of a dying collapsing empire where I am looking to make my fortune in its ruins afterwards. I'm a patient and prudent man.

    I like to see myself as a revolutionary innovator and entrepreneur.
     
    Last edited: Oct 4, 2018
  6. Battle3

    Battle3 Well-Known Member

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    CEO's make more and they should make more.

    Its the law that all CEO compensation (salary, bonuses, benefits, perks, etc) must be revealed in the company annual report and SEC filing.
     
  7. BULGARICA

    BULGARICA Banned

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    Bulgarian CEOs probably get paid even more. A month ago Bulgarian SWAT busted a hotel owner's Hotel, found undocumented $10 million dollars, in all currencies like Euros, Dollars, Levs (Bulgarian Levs). "Money was pouring out of everywhere, out of boxes, out of shoes" - Prosecutors said. And a hidden auto park of 10 Rolls-Royces and some other "not very expensive" machines. Imagine that. In other countries, in Europe, money just don't get revealed. Or officially stated. It's typical for around here to receive a $500 salary but in reality you walk home with a pocket full of $3K.
     
  8. Ndividual

    Ndividual Well-Known Member

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    Why such interest in CEO pay, there are many others who make as much or even a great deal more than them?
     
  9. Reiver

    Reiver Well-Known Member

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    A more pertinent question is 'why wouldn't there be?'. Most people work under a hierarchical wage structure alien to productivity. Referring to the top of the pyramid makes sense, particularly as you've seen CEO wage increases go hand in hand with pay-productivity gaps.
     
  10. bringiton

    bringiton Well-Known Member

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    I am objectively correct.
    Such claims are false, absurd, and disingenuous. Unused land is a barrier that makes infrastructure more expensive.

    You stand refuted, and I will thank you to remember it.
    That's just a bald falsehood.
    No they didn't. They did NOTHING but charge others for permission to use it.
    Too bad you can't figure out the difference between a house and land.
     
  11. Battle3

    Battle3 Well-Known Member

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    LOL, you contradict your own arguement.

    Why is the Duke of Westminster so wealthy? Because he used the land, you even admit he used it (he rented it to others)>

    LOL you so utterly FAIL.
     
  12. Reiver

    Reiver Well-Known Member

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    Technically he exploits the land.
     
  13. Old Man Fred

    Old Man Fred Well-Known Member

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    The only way government can fight wealth inequality is by taking private property, which leads to larger government, while making sure that the poor remain just as poor.
     
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  14. bringiton

    bringiton Well-Known Member

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    False.
    The government shovels money into his pockets.
    That's a bald falsehood.
    BWAHAHHAHAAAA!! Uh, making others PAY YOU for not stopping THEM from using land is not the same as YOU using the land. See the difference?
    As they say in Japan, "It's mirror time!"
     
  15. bringiton

    bringiton Well-Known Member

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    Most of which consists of people's rights to liberty, which government has forcibly stripped from them and MADE INTO others' private property.
    Funny, all the land in China is publicly owned, and they seem to be getting very rich very quickly.
     
  16. 61falcon

    61falcon Well-Known Member

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    Because they are greedy bastards and greed conquers all.It's the capitalist way.
     
  17. Old Man Fred

    Old Man Fred Well-Known Member

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    I'm guessing you don't know much about China.

    Violently suppressing labor rights and rampant inflation are great ways to get rich.
     
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  18. Empress

    Empress Well-Known Member

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    Big wigs in the government are. Their vast armies of millions of cheapo laborers certainly are not.
     
  19. Empress

    Empress Well-Known Member

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    You conflate ethical lapses with capitalism as if the two are inseparably joined at the hip. Tone down the Marx.
     
  20. Reiver

    Reiver Well-Known Member

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    Marx, like Schumpeter, referred to capitalism's success. For ethical issues probably better to refer to Smith
     
  21. Mircea

    Mircea Well-Known Member

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    They don't.

    Average CEO pay is $231,080 a year.

    https://www.bls.gov/oes/current/oes111011.htm

    Publicly-traded corporations are only 3% of all US businesses. The other 97% of US businesses are general, limited and limited liability partnerships, limited liability companies and S-Corps (who are barred from selling stocks).

    Publicly-traded corporations employ 5.84% of the work-force, or less than 9 Million workers (out of more than 156 Million workers).

    Can you explain why you cherry-pick 3% of CEOs and then rant?
     
  22. Well Bonded

    Well Bonded Well-Known Member Past Donor

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    Because they are worth it.

    Also keep in mind a lot of that compensation is in company stock which they must by contract hold for a set numbers of years, this is what is commonly known as an incentive, something a lot of clock punchers have no clue about.
     
  23. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Sez you.

    Accumulating riches is NOT THE ULTIMATE GOAL OF ANY RATIONAL ECONOMY. Why? Because an economy is not a sports game where winning is all that matters.

    The most important aspect of any truly functional economy is NOT THIS:
    [​IMG]

    Perfect Income Equality would look like this:
    [​IMG]
    The above is not attainable in any market-economy today. Communism tried and failed to implement it by means of controlling all facets of Supply & Demand. It never worked.

    But neither is the America's version of Income Disparity today desirable, which is measured by economists by means of the Gini Coefficient. An international representation of Gini Coefficient Income Disparity today looks like this seen here, where the US ranks the highest of any developed nation.

    And for the world it looks like this:
    [​IMG]

    Yes, read it and weep. The US has the highest Gini Coefficient of any developed nation!
     
    Last edited: Jan 7, 2019
  24. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Well, the Communist Way was no better.

    So, the truth must be somewhere in between ...
     
  25. Well Bonded

    Well Bonded Well-Known Member Past Donor

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    The problem with your entire theory is everyone is equal and that is simply not true.

    Some people are machines they push themselves in ways that would unfathomable to most people and they tend to be compensated as such.

    A diminishing majority, are people who want a decent life and are willing to a degree to work for it.

    Then there the takers, an ever increasing soon to be a majority that leaches off of society, they take and give nothing back and then demand more while bitching about income inequality.

    The system as it is will fail, there is not enough taxable money at the top to balance the books and the middle class is dropping out tired of working all the time and being taxed into poverty to support the leaches.

    If not changed the system will collapse and then things will get real ugly, real fast.
     

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