The average CEO in the 1960's made 100 times the salary of the average worker in that comany. In the 70's 500 times. In the 80's 10,000 times. The 90's and today 100,000 times.
I don't think the problem with our economy is the welfare mother with 10 kids driving a cadiliac. Do you?
2006-12-15 12:30:00 · 12 answers · asked by Anonymous in Politics & Government ➔ Government
japan has a law that a CEO cannot make more then 50 times what the lowest paid worker is paid. And look at their economy....
Athletes are harder to regulate, but their pay is automatically regulated by how well they play. their pay is tied to performance. if they don't' play well, nobody will watch. That means less money for them. CEOs have no such way to regulate themselves. Stock options might have worked, but they get too much money for them to care.
2006-12-15 12:43:27 · answer #1 · answered by The Big Box 6 · 1⤊ 0⤋
Yes because as we all know alot of Americans get laid off due to cut backs, but upper management still take home their salaries and million dollar bonus.
How can they get those salaries when they can not keep up their pension plans or medical insurance?????
I hate the fact of the government stepping in but something has to be done. We have lost focus that you are only as good as your employees. If they are not getting fair wages and bonuses why should the CEOs??
And yes there is an economy problem. I am Middle Class and we are just barely making it because the cost of gas has sent up the cost of food,and energy. My electtric bill is a house payment and we only use elec. as needed.
So take the time and get the "welfare" mother out of your mind, because for all you know that is not her car. The middle class is suffering at an amazing rate. The sad thing is Middle Class people are not accustomed to asking for help so they end up with foreclosures and bankrupt.Look up those rates for this year in DFW we are setting records with foreclosures. We allowed our government to send jobs to India what did we think would happen???? "KNOW YOUR ROLE"
2006-12-15 16:19:24 · answer #2 · answered by withoutaname 2 · 0⤊ 0⤋
did someone just say the average worker makes $65 an hour?
HAHAHAHHAHA... the median income (according to the census) for America is about $23,000... that's about $10 an hour... what planet do you live on?
but anyway, to answer your question... big business has stopped caring about the employees and now realizes that the employees don't care... just look at the answers on here, nobody really cares...
so why not take all the money you can, if people don't care if you take it... Americans are naive enough to think it doesn't make any difference, then who cares... this is modern business...
take, take, take... and when the company goes under, who cares about those that retired...
in about 20 years, a socialist movement will backlash against these continuing capitalistic purges... eventually they will take too much for anyone to be able to defend... then a lot of bad things will happen...
but hey, I don't know what I'm talking about... right... that kind of pay growth can go on forever right... and workers will never mind...right?
2006-12-15 13:30:55 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No there shouldn't. Your argument is faulty and your numbers are
bogus.
Then again you are talking about one quarter of one percent of the
population that make big salaries.
Here's some numbers for you:
65 dollars an hour times forty hours.equals twenty six hundred
dollars a week times 100,000 (your figure) equals
260,000,000,000 dollars a year. Shoe me the CEO that makes
that kind of money. Actually my numbers are short because
I used the weekly pay of a Detroit factory worker instead of his
annual pay. Wow, I guess I'm in the wrong business.
MERRY CHRISTMAS and have a nice day.
Thank you very much, while you're up!!!!!!!!
2006-12-15 13:04:17 · answer #4 · answered by producer_vortex 6 · 0⤊ 1⤋
So you want to limit the salaries of CEO's but you don't mention athletes. Study economics or business. You will see see that there is NO connection between what a CEO makes and your welfare mother scenario. Who and what do you think makes this country run? It isn't the welfare mammas with 10 kids and it ain't professional athletes. By the way, if you were one of those CEO's are you going to cut your own compensation package so that there are fewer welfare mamma's?
2006-12-15 12:39:09 · answer #5 · answered by commonsense 5 · 1⤊ 1⤋
I'm beginning to think this whole bailout is a bad deal for we the taxpayers, let alone the inability to reign in executive pay on companies we bail out, or to provide sufficient (or any) oversight to the treasury dept. Yes, I do think that when we buy, bail out, or otherwise rescue companies, we should have a say in that company's distribution of moneys. Cash for trash, anyone want some?
2016-03-29 08:45:48 · answer #6 · answered by ? 4 · 0⤊ 0⤋
I don't mind CEO's making bank, but before they pocket their $100,000,000 check, I think they have a moral obligation to make sure they are fully funding their employees pensions, or aggressively matching their 401K contributions, and fully covering their medical costs. I think only once the corporation has made a committment to benefit ALL of their employees should they look to give extra goodies to the top execs.....
2006-12-15 15:54:07 · answer #7 · answered by truth be told 3 · 0⤊ 0⤋
No,the government should not interfere with private industry.Their salaries are paid from profits they help generate.The welfare mother and her 10 kids are paid by our tax dollars.Money you actually could have had and used for yourself or your own kids.
2006-12-15 12:41:16 · answer #8 · answered by Dr. NG 7 · 0⤊ 0⤋
What the hell buisiness is it of yours or the government what a private company pays it's CEO? The answer is a resounding no!
2006-12-15 12:55:36 · answer #9 · answered by Michael 6 · 0⤊ 0⤋
that is what is great about America, we have limitless possibilities, that is what we advertise and what attracts many people to our country (assuming you are talking about America), it should be restricted only if there is a communism form of government
2006-12-15 14:52:46 · answer #10 · answered by Alex P 2 · 0⤊ 0⤋