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How many workers can you hire for the price of one ceo?

http://www.dailyfinance.com/story/how-many-workers-can-you-hire-for-the-price-of-one-ceo/19540733/

Even though the gap between executive and entry-level worker pay has shrunk ever so slightly in the past couple of years, it's still not unusual for the CEO of a large public company to earn more per day than some of his employees earn over the course of an entire year.

Interestingly, some industries have much larger pay gaps than others. In technology, pharmaceuticals and manufacturing, the differences between worker and CEO salaries tend to be smaller, thanks to higher worker pay. In retail and other consumer-facing industries (where employees work directly with consumers to sell a good or provide a service), the gap tends to be bigger, due in part to the low pay of entry-level workers.

 
sweet-a-kins

Asked by sweet-a-kins at 8:56 AM on Jul. 8, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
This question is closed.
Answers (9)
  • Anyone here have intimate knowledge of the compensation packages and perks paid to top flight CEOs? The perks are worth way more than the actual salary.


    My hardworking and dedicated husband Had an interesting awakening this past weekend as he and I sat and provided Hospice care to a dying family member. While I make excellent wages as an experienced ICU nurse, it's nowhere close to his earnings. Of course when you are the only person providing a service, you command a higher wage, but what 1 does should also heavily influence the scale.
    Sisteract

    Answer by Sisteract at 12:26 PM on Jul. 8, 2010

  • Someone has to captain the ship. I don't know if the gap in salary is necessarily "fair", but I do know that a company with a good CEO is going to be much more successful, and therefore better for its employees and the community, than one with a bad CEO. I don't begrudge a CEO for making a lot of money, if he/she shows results.
    Scuba

    Answer by Scuba at 8:58 AM on Jul. 8, 2010

  • The "funny thing is" in this country, if you want to be the "captain" of the ship, you CAN!!! BUT, it requires a solid education, a TON of sacrifice, determination, finely tuned leadership skills, strong marketing and entrepreneurial skills, and a desire to succeed and be the absolute best you can be!!!


    Being at the top doesn't happen easily, or overnight...that's where the problem lies...too many people expect to reach the top without putting in the effort.


    This is a great "Letter from the Boss" that everyone should read and comprehend--says it all!!

    LoriKeet

    Answer by LoriKeet at 10:05 AM on Jul. 8, 2010

  • I would allow the owners, whether that be one person or stockholders, to decide how many people to hire, and their compensation.

    What other people think about what goes in shouldn't be a consideration as long as the accounting is completely above board and their is no funny business going on.

    mustbeGRACE

    Answer by mustbeGRACE at 10:33 AM on Jul. 8, 2010

  • CEO's (and other upper management) are paid market value, period. When the government went in and tried to artificially reduce salaries in banks, the immediate response was for experienced capitalists to start new corporations that wouldn't be trapped by the rules forced on bail out banks and hire away all the executives who were facing salary caps...by offering even more money than they made before the caps. It doesn't matter if you can hire a dozen fry cooks for the price of one CEO if the dozen fry cooks together don't have the ability to run a corporation.
    NotPanicking

    Answer by NotPanicking at 11:11 AM on Jul. 8, 2010

  • What Scuba said.^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    mustbeGRACE

    Answer by mustbeGRACE at 9:04 AM on Jul. 8, 2010

  • sweet-a-kins

    Comment by sweet-a-kins (original poster) at 8:56 AM on Jul. 8, 2010

  • No one is saying they shouldn't be paid and paid well....


     

    sweet-a-kins

    Comment by sweet-a-kins (original poster) at 10:22 AM on Jul. 8, 2010

  • I think that they don't have to pay some of these CEOs what they do.

    Many people could work for less and still do a good job.
    My point is that it's really not our business what they pay a CEO.
    mustbeGRACE

    Answer by mustbeGRACE at 12:06 PM on Jul. 8, 2010

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