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The average CEO's salary in the U.S. is 475 times greater than the average worker's..

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Old Jan 25, 2006 | 07:14 AM
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Default The average CEO's salary in the U.S. is 475 times greater than the average worker's..

The average CEO's salary in the U.S. is 475 times greater than the average worker's salary.

In Japan, it is 11 times greater; in France, 15 times; in Canada, 20; in South Africa, 21, and in Britain, 22.

In 1960, the ratio of the average Fortune 500 CEO's pay to the U.S. president's salary was 2-to-1. Today, it is 30-to-1.

The highest-paid athlete is Tiger Woods, who makes about $80 million a year, or about $219,000 a day. The highest-paid CEO in 2004 was Terry Semel of Yahoo, with $230 million, or $630,000 a day, according to Forbes.

John Mackey, CEO of Whole Foods Markets, limits his pay to no more than 14 times the pay of his average employee. Mr. Mackey says, 'We have a philosophy of shared fate -- that we're in this together.'

Former General Electric CEO Jack Welch's original retirement package included floor-level seats at the New York Knicks, Grand Tier seating at the Metropolitan Opera, private waitstaff and monthly flower deliveries.

:hsugh:
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Old Jan 25, 2006 | 07:23 AM
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Originally Posted by reno96teg
The average CEO's salary in the U.S. is 475 times greater than the average worker's salary.

In Japan, it is 11 times greater; in France, 15 times; in Canada, 20; in South Africa, 21, and in Britain, 22.

In 1960, the ratio of the average Fortune 500 CEO's pay to the U.S. president's salary was 2-to-1. Today, it is 30-to-1.

The highest-paid athlete is Tiger Woods, who makes about $80 million a year, or about $219,000 a day. The highest-paid CEO in 2004 was Terry Semel of Yahoo, with $230 million, or $630,000 a day, according to Forbes.

John Mackey, CEO of Whole Foods Markets, limits his pay to no more than 14 times the pay of his average employee. Mr. Mackey says, 'We have a philosophy of shared fate -- that we're in this together.'

Former General Electric CEO Jack Welch's original retirement package included floor-level seats at the New York Knicks, Grand Tier seating at the Metropolitan Opera, private waitstaff and monthly flower deliveries.

:hsugh:

" 'We have a philosophy of shared fate -- that we're in this together.'"

shit if the CEO of the law firm i work for ends up doing some enron stuff he is in it alone. Im not sinkin with that ship!
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Old Jan 25, 2006 | 07:24 AM
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I don't like thinking about things like this ... it doesn't make me feel good. :sad:
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Old Jan 25, 2006 | 07:25 AM
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one of my good friends i hang out with, his dad is the ceo of us steel.

h:
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Old Jan 25, 2006 | 08:27 AM
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:hsugh: and that's not even talking about the options the "man" gets :hsugh:
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Old Jan 25, 2006 | 08:29 AM
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Originally Posted by reechy
:hsugh: and that's not even talking about the options the "man" gets :hsugh:
"but you are the man"
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Old Jan 25, 2006 | 08:47 AM
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who the fuk needs 613k a day? Honestly, if the average person makes say $35,000 then 10 times the average would still land you squarely in the lap of luxury at 3.5 mil. If they took that extra seventeen million every year and put it back into the company (employee pay, benefits, or product development) they'd be doing a great service not only to their company, but the economy on the whole.
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Old Jan 25, 2006 | 09:00 AM
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Originally Posted by white_n_slow
who the fuk needs 613k a day? Honestly, if the average person makes say $35,000 then 10 times the average would still land you squarely in the lap of luxury at 3.5 mil. If they took that extra seventeen million every year and put it back into the company (employee pay, benefits, or product development) they'd be doing a great service not only to their company, but the economy on the whole.
But its his hard earned money and he has every right to burn it away if he wishes :run:
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Old Jan 25, 2006 | 09:01 AM
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Originally Posted by white_n_slow
who the fuk needs 613k a day? Honestly, if the average person makes say $35,000 then 10 times the average would still land you squarely in the lap of luxury at 3.5 mil. If they took that extra seventeen million every year and put it back into the company (employee pay, benefits, or product development) they'd be doing a great service not only to their company, but the economy on the whole.
i agree... they should have some sort of code of ethics with a ratio of CEO to Average employer. That would motivate the Greddy fuck to pay there employees a bit more. and i say no bonus for the CEOs
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Old Jan 25, 2006 | 09:17 AM
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oh man, that doesn't even include bonuses, i'm sure.
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