Never can understand why people bitch about CEOs getting paid so much?

[Acebb]

TOP 5 GRADUATE DEGREES
1. Master's Degree, Petroleum Engineering
2. Master's of Nurse Anesthesia
3. PhD, Computer Engineering
4. PhD, Electrical & Computer Engineering
5. MBA in Strategy


http://www.payscale.com/college-salary-report/majors-that-pay-you-back

 

[Enfuego]

I think there a huge difference between the two and it's not really fair to group them together


If someone founded the company (man or woman), they deserve any number they want to pay themselves. I would never complain about that.

And, the CEO should get whatever the owner or shareholders want to pay him/her.

 

[PatsFan1283]

Like any other profession, some are underpaid and some are overpaid.

 

[Enfuego]

Yeah if companies like Nike didn't exist their would be a few less 3rd wolrd labor camps that pay $200 a year

If some RXer was the CEO/Boss seems like America would be losing some more jobs to the strong 3rd wolrd economy of $200 a year with no benefits hno:

People are in business to make money. If it's for another reason, they shouldn't be in business. I wouldn't care who makes the product and neither does the rest of the millionaires out there.

 

[JustinCruise]

And, the CEO should get whatever the owner or shareholders want to pay him/her.

I agree with that since the purpose of the company is to create value for the shareholders

 

[Enfuego]

Please tell us why the CEO of Pepsi or Boeing shouldn't make "millions and millions" more than the guy running the IT department?

Further, tell us which business school taught you these concepts as part of the MBA curriculum? I'm curious.

This is exactly my point. Some people in life lead and others follow. We need people to run the IT department. Not to say it's not important but the responsibility level is nowhere near the same as a CEO.

 

[Enfuego]

http://www.forbes.com/sites/susanad...ceos-are-the-worst-performers-new-study-says/

Yeah, I agree with this article but it's not the point. The point is, companies should pay the CEO what they want and it should be none of our concern. Even if the company goes down the drain because of CEO pay, not my business.

 

[JustinCruise]

This is exactly my point. Some people in life lead and others follow. We need people to run the IT department. Not to say it's not important but the responsibility level is nowhere near the same as a CEO.

But there are bad ceos just like there are bad IT managers. Does a bad ceo deserve the millions?

 

[PatsFan1283]

Does Joe Johnson deserve to make the same amount as LeBron? What is the point

 

[gremlin]

How has no one pointed out the fact that most CEO's are appointed by their close colleagues and friends on the board? That is why you see grossly overpaid CEO's in America.

The issue isn't CEO pay and bonuses so much as the total inequity in pay between CEO's and the workers who support the company. In even in a recession, CEO pay has steadily gone up into the millions while layoffs and wage cuts below them increase.

 

[JustinCruise]

Does Joe Johnson deserve to make the same amount as LeBron? What is the point

I think the point it that it's OK and fair that people can criticize ceo pay, just like they can Joe Johnsons pay.

Enfuego is trying to say (I think) that the public should not be allowed to complain about what a ceo makes because it's none of the publics business. I disagree with that

 

[Enfuego]

But there are bad ceos just like there are bad IT managers. Does a bad ceo deserve the millions?

I'm not talking about deserve. That's not the point. If he does, and the company pays him, I don't care.

Do some of these MLB pitchers deserve it? No. But I'm not mad at them. Get your money.

 

[JustinCruise]

How has no one pointed out the fact that most CEO's are appointed by their close colleagues and friends on the board? That is why you see grossly overpaid CEO's in America.

The issue isn't CEO pay and bonuses so much as the total inequity in pay between CEO's and the workers who support the company. In even in a recession, CEO pay has steadily gone up into the millions while layoffs and wage cuts below them increase.

Valid points

 

[gremlin]

Most people in America go to college or trade school and might work 40 or 50 years in their 'working lives'.

It would take the typical American worker five lifetimes to earn what a CEO of a large companies earn in a single year.

 

[Enfuego]

I think the point it that it's OK and fair that people can criticize ceo pay, just like they can Joe Johnsons pay.

Enfuego is trying to say (I think) that the public should not be allowed to complain about what a ceo makes because it's none of the publics business. I disagree with that

Well, you make an interesting point. If you own stock in a company, fair enough. If you're just bitching because you think a CEO should be paid less compared to the worker dudes, that's dumb.

 

[PatsFan1283]

How has no one pointed out the fact that most CEO's are appointed by their close colleagues and friends on the board? That is why you see grossly overpaid CEO's in America.

The issue isn't CEO pay and bonuses so much as the total inequity in pay between CEO's and the workers who support the company. In even in a recession, CEO pay has steadily gone up into the millions while layoffs and wage cuts below them increase.

The companies are much bigger now though. Most big companies operate globally. Paying someone 50-75 million when your market cap is 100 billion and you do 7 billion a year in revenue is really nothing.

But yes, the board as a check and balance in a big company is useless more than it isn't. Why activism has really taken off.

 

[PatsFan1283]

Well, you make an interesting point. If you own stock in a company, fair enough. If you're just bitching because you think a CEO should be paid less compared to the worker dudes, that's dumb.

People bitch about athlete pay all the time and they don't own stock in the Cowboys. If a guy says he wants more money, you'll see people play it off like "Oh I'd tell him to screw off" as if that is part of a shrewd negotiating process when really all they're trying to say is fuck that N-word for making 100x more than me.

 

[Enfuego]

Most people in America go to college or trade school and might work 40 or 50 years in their 'working lives'.

It would take the typical American worker five lifetimes to earn what a CEO of a large companies earn in a single year.

What is the point?

 

[TheFunkMonkey]

If people are so upset with CEO pay --- what's preventing them from also becoming CEOs?

Time, effort, talent, sacrifice, luck, decades of sacrifice?

 

[Enfuego]

People bitch about athlete pay all the time and they don't own stock in the Cowboys. If a guy says he wants more money, you'll see people play it off like "Oh I'd tell him to screw off" as if that is part of a shrewd negotiating process when really all they're trying to say is fuck that N-word for making 100x more than me.

Well, sports is different in that there's a salary cap and the pay of one player may adversely impact the overall product.