"Why should a rich CEO get that much more money than his employees?!"
"It's not FAIR!"
Me: Um...because it's his company....
He didnt build that, somebody else did.
Communists fanning the fanning the flames of envy.
I think publicly traded corporations should provide this info to their stockholders.
Ah, he/she did not build that company alone, so I have been told...
but commies think it is great for a low IQ, very average ball player or entertainer to take home as much money or more.
What difference does it make?
They think it’s 1917 in the coming Commmunist Red United States...
I think all companies should do like that CEO in Seattle did. He took a huge paycut in order to give all his employees a minimum salary of $70,000. That seems fair.
Although now he has been forced to rent out his home to make ends meet, two of his best employees walked out, and customers have left him. He’ll probably go bust. But - that is fair too.
Finally. Disclosures that are so key for investor’s decisions. How did the markets manage without this information. It’s like 1933-34 all over again.
Only in a very few cases.
The CEO is an employee too: he serves at the leisure of the Board of Directors in any public company.
And the Board is elected by the shareholders...the real owners.
If the Board and the CEO are conspiring to line their own pockets at the expense of the shareholders, then he can and should be fired.
first they make you report it.
then they tax it
then they cap the income
then they take it.
How about college professors and administrators?
0bama makes $400,000/yr salary.
the white house interns bet paid... $0
slave wages.
dems always try to ‘fix’ the perceived problems of others while completely disregarding their own.
So are the ChiComs going to cooperate?
Had ENOUGH Yet ?
As free market supporters we should be a little concerned about this. Stock ownership is so diluted that CEOs essentially run the company for personal benefit. Pay and perks don’t correlate to performance. CEOs are known to stack boards, give them special stock perks and/or ply them with free flights on corporate jets, trips overseas to ‘meetings’, etc.
Ideally, we’d go back to the Lochner days and these guys could be driven out of business as appropriate. Instead we’ve got cronyism and window dressing like this.
My understanding is that it only affects publicly traded companies. If it’s actually the CEO’s company (i.e. privately held) then he doesn’t have to disclose. If it’s not a privately held company it’s not truly his (it’s owned by the shareholders).