The math of CEO pay vs. employee pay

[MrAppleseed88]

That is not what he is saying. the rate of worker pay has not gone up, while the CEo rate has gone way up. They can afford to live well, while workers can not afford to live in the USA at all without scams like food stamps, section 8 housing and free medical care the evil jew rely on so they do not have to pay a living wage.

[joseney21]

everyone in the world should give me .001 cents per year, according to this guy it wouldn't be a problem...

[musichalloffame]

Basically what you are saying that if you delete one person's salary. 10 million people will get an increase per hour that can be represented by a physical coin? What other people can you say that about. I can not give even 10 thousand people a penny per hour and this guy if we eliminate him can give 10 million people and still have change left over, enough change that he will still be making more then me?

[ihateyourstupidass]

What a dick. The problem is that Walmart destroys local business, eliminating higher paying jobs, replacing them with fewer jobs that pay worse. Their billions in profits every year do not go back in to the communities they sell cheap Chinese shit to. The profits go back to corporate. It's amazing that a guy like you, who can't be making more than $15 an hour, is such a sycophant to the rich. I don't know how someone getting fucked so hard can't see it. I guess you are just weak minded.

[TheKuffarKid]

@ihateyourstupidass Yeah nice rant but it has nothing to do with the vid. The vid is about how the CEO comp has as good as nothing to do with the average employees wage. What Walmart does is provide products at lower prices. If my grocery bill is 20% lower how am I getting screwed?

[sunnyztmoney]

@TheKuffarKid it might save you a bit now but will hurt us all in the end

[rockingnandpatel]

@TheKuffarKid sir why cant you see that just one man in the company getting so much money, when you divide it to MILLION employess than also every employee is getting $22 extra per annum..thats too much of money...sir may company can run without ceo (they can hire anyone) but not without ITS MILLION EMPLOYEES..who is powerfull? ceo or employees? ceo is making that much money just because employees of walmart is there to charge a every single thing..

[wagtec]

HAS NOTHING TO DO WITH YOUR OBSERVATION. THE MATH IS CEO = OUTRAGEOUS PAY AND COMP PACKAGE VS WORKER= SALARY PER HOUR BARELY PAYS THE BILLS. NO MORE NO LESS. NOT WHAT YOU'RE IMPLYING.

[TheKuffarKid]

@wagtec What does one have to do with the other?

[wagtec]

COMPARISON BETWEEN COMPENSATION FOR BSING, WHILE THE AVERAGE JOE OR MARY MAKES BARELY ENOUGH TO KEEP UP. WHAT DOES A CEO DO TO DESERVE SUCH OUTRAGEOUS COMPENSATION. THE POLITICS OF BUSINESS. GET A TEACHER TO DO HIS JOB AND SEE THE LITTLE PAY THEY WOULD GET.

[TeboFire]

The real practical problem is not the CEO pay. The real problem is that 1% of the American work force is making $290 a week or $15,080 per year. Which in terms of Wal-Mart sales is around 3%.

Imagine what would happen if 2 people exchanged a dollar for 3 cents again and again. Hence the reason this class is perpetually broke.

This has implications on the economy. Sadly Dems don't want to address because they would rather be the perpetual savior in need rather than the solution.

[Aslapacrosstheface]

You are a very confused person.

[GFedFan]

I watched this video and am now confused...

[TheKuffarKid]

@GFedFan What are you confused about?

[GFedFan]

@TheKuffarKid I'm unsure of exactly what the numbers are.

[Nayega]

Republican math.

[Galfonz]

How much is your grant from a right wing orginization?

[dohenry4000]

This was very helpful, i didn't know that before.

[TheKuffarKid]

@dohenry4000 Thank you You might enjoy my Lib Lunacy # 12 vid too.

[NeonSloaney]

I would rather know whatThey did to deserve that cash. Do some insightful whatever, and if they added 50 million dollars value to the company, then 31 million dollars is worth it. We need to know what value the ceos add to the companies, to know what fair compensation is.

[TheKuffarKid]

@NeonSloaney Who's we?

[NeonSloaney]

@TheKuffarKid Royal we of course.

[DANJULLMANN44]

@NeonSloaney what they did to deserve the cash? So what did Arod, Manning, Tiger, George Clooney, Babs, or Bruce Sprinstein do to deserve their mega millions? Play games? make movies? sing songs? Why aren't you envious of them? Why don't you call for restrictions on thier pay? Pure envy and class hatred. Instead of whinning go out and make your own fortune. If you can.

[CHUBBLE117]

i was disappointed, i was expecting a funny dilbert comic

[Oken53]

it was a Dilbert comment.

[polvotierno]

how much money would 1million times $12,000 an hour be???

If all those employees made that much money, they would be paid 12 billion dollars.!!!!!!

[yfna1]

Are YOU dumb as a post. When has the point ever been that CEO comp should be divided amongst the employees. When has that been the source of a reasonable disgust at the immense salaries earned by these individuals. Is what the employees would get the point?

NO, sorry that isnt the point, never was. The point is explain to me what what did this particular individual do, to be compensated 31.6 million dollars. Maybe he can shoot 3 pointers, maybe he can run the 100 yard dash in 4.4 seconds....

[timg455]

@yfna1 You sound like a whiney jealous bitch. He runs one of the biggest companies in the world. If that's not a task that deserves that compensation I don't know what is.

Waa Waa Waa he makes more than you. Get over it!

[DANJULLMANN44]

@yfna1 It does not matter that YOU believes that the CEO does or does not DESERVE the comp. What matters is that the Board aof Directors and the shareholders think the CEO deserves it. Your opinion matters not my friend.

[tom87pate]

I understand your point, but there should be a limit. A few CEOs make over 100 million per year. THAT IS CRAZY! NOBODY DESERVES THAT KIND OF MONEY! I think the shareholders should vote of the pay of CEOs.

[livinlow15]

Let me ask you a question:

If you got offered a job making $100,000,000 annually, would you or would you not take it??

That's pennies when you're in charge of a business that rakes in Billions. I mean come on, do you think that stockholders WANT to pay these guys 9 or 10 figures? Of course not, but if that's what it takes to make the corperation over ten and 20 times what it cost them. I'm gonna go out on a limb and say that it's worth it.

[tom87pate]

Yes I would take the job and I see your point, but I guess I tend to look at it like this; If a CEO makes 1400% more than the average employee, are they doing the work of 1400 people or are they 1400% more productive?

[livinlow15]

If you compare the amount of money that a CEO makes for a corperation to the amount of money that a cashier does. You can add a zero or two to that percentage...

[TXatheist]

A CEO doesn't make money, he directs, consumers/the product make money.

[livinlow15]

Yes, and without direction a product cannot reach the consumer...

[TXatheist]

No denying business needs customers but CEO compensation can be reined in.

[j1mdunb4r]

If several million dollars in bonuses is "insignificant" and "means nothing," then surely the CEO won't miss it.

[Superlativesweetie]

This is irrelevant to our discussion; I replied there. There are some dubious suppositions (that Walmart's CEO is representative of the problem, rather than, say, Schultz or Fairbank... unless Walmart is owned by another company, Forbes doesn't even list it's CEO within the top150 paid; that its CEO is its only disproportionately paid employee; that the solution is direct redistribution in lieu of govt.-determined sanction or welfare] that I have neither the time nor patience to deal with here.

[ytlvr]

/watch?v=WjRUwkt2vqs

[TXatheist]

Could you also include the salary of executives making over 250k in the calculations?

[TheKuffarKid]

No, can you?

[ytlvr]

jerk.

[TXatheist]

yeah, jerk.

[TheKuffarKid]

pussy. so there nyyaa

[livinlow15]

Can we also include the fact that 99% of these executives have at least a Ph.D or a Masters and fought tooth and nail for those jobs and also work 80 hour weeks? Which is quite the opposite when it comes to cashiers and stock...

[TXatheist]

Can you provide that stat with a source? Also, if a guy works 80 hours simply double his pay from 250k to 500k but not 4M . Tooth and nail? Please.

[livinlow15]

No I can't prove that stat, but as much as it's worth I've never seen a CEO of a multi-million dollar corperation with less than an MBA, and I am a business major if that counts for anything.

However, when you compare the amount of people who are capable of running a corperation to the number of people capable of operating a cash register, there is a very distinct difference.

[TXatheist]

What degree does Michael Dell hold? What is the difference?

[livinlow15]

He has a Ph. D in Economic Science and the difference is that I wouldn't invest in a coorperation with a CEO only qualified to operate a cash register...

Aside from the fact Dell was not hired as the CEO he assumed the possition after incorperating his private enterprize, and was at one point fired, which makes him more of an entrepreneur than an employee... Just like Steve Jobs...

[TXatheist]

Dell has a phd? So don't invest based on one criteria. My point is you don't need a phd/masters to be a CEO like Michael Dell and Steve Jobs is proof you don't have to pay a CEO a bunch.

[livinlow15]

Steve Jobs is a terrible example; he was fired because he was not taking the corperation in a profitable direction (in the eyes of shareholders), and when he came back it was on his own terms that he was only going to be paid one dollar(not to mention that he came back as interum CEO and is not the acting CEO. He's made more money doing endorsements and marketing than he ever did as acting CEO) Which is exactly what I've been telling you, if you as a CEO do not do your job you will be fired.

[TXatheist]

Apple stock fluctuates. CEO job is to make other rich guys richer. That's the problem because the mindset is short term quarterly gains.

[livinlow15]

Now you're just assuming, because if the mindset was short term a lot more CEO's would have been fired, and no one would ever even think about things like maintaining/increasing market share, economies of scale, pressures to local responsiveness, product customization, reasearch and development. That list goes on forever; if the mindset was short term the pharmesudical industry wouldn't even exsist, and new products would never reach shelves because of the emmense cost of market entry.

[TXatheist]

livin, you are the one assuming. You assume that someone contributes to a company that is of value worth more than 250k. I disagree as I can't find anyone that does something worth that. Replace the guys you think are worth more than that with 250k guys and I bet the company will be fine.

[livinlow15]

I bet that they won't, because they wouldn't be able to find anybody willing to take the job. And if they did, it'd probably be some idiot that would run the corperation right into the ground. That be the case, why don't we just replace baby sitters with ex-cons? They're capable, and we wouldn't need to pay them as much.

What business is it of your's how much these guys are making? You're not paying their salary, and I don't see you going around saying that you could do your job for less money.

[TXatheist]

Idiot? How much did we pay other idiots to run companies in the ground? Violence and overpaid egos are not the same thing. I could do my job for less and I could do their job for less but part of the deal would be to tell the top 1% of stockholders I won't send jobs overseas or reduce headcount to meet quarterly expectations. If it's a public company it is my business. No one is worth more than 250k or I have yet to hear why they are.

[livinlow15]

Excuse me, "we"? Isn't it a choice to invest in a publicly traded organization?

"Part of the deal" - Haha, yes that makes total sense, the people who are paying your salary are going to keep you when you tell them that you're not going to do what they want you to. It's much easier to find a new job than it is for an investor to take his money somewhere else.

While your at it, tell your boss that you're not going to listen to him anymore, see how long you have a job.

"Top 1%"! HAHA

[TXatheist]

Mutual funds are a part of my 401k which means I can't control all stocks. No, I agreed to do a job and they pay me. I'm not talking about insubordination. Yeah, the top 1% of investors demand a 20% or so contrary to your naivety about that and if they don't get it they fire top management people and try to find someone who will. I noticed you couldn't tell me why someone is worth 250k.

[livinlow15]

No one is worth 250K, not you, not me, not anyone. People have never been paid according to how much they're worth, they're paid according to the value of the value of the services they provide. Your opinion in how much that service is worth is completely irrelevant, no one is forcing you to invest in those companies. I have complete control over my portfolio and the fact that you think that you can't control your 401k makes you infinitesimally more naive than you think I am.

"Top 1%" - HAHA

[TXatheist]

Right, how much richer will you make the top 1% of investors is how a CEO pay is determined. You think I can control what stocks Fidelity puts my mutual funds in if I elect stocks? You can't control that part unless you stick all your investment in bonds or t-bills.

[livinlow15]

Alright I'm gonna stop you from embarrassing yourself anymore. There is no such thing as a "top 1% of stockholders" there is however what is called a majority shareholder who typically owns between 15%-80% of the ccorporation's stock. Typically this person is the founder of the company or sits on the board and if they don't like the CEO he's gone (i.e. Steve Jobs)

And whoever told you that you can't control what's in your 401(k) is an idiot. Do not for one second believe them because you can.

[TXatheist]

lvin, I'm not embarrassed except at your inability to show how someone is worth 250k+. . Dear genius, when a investor says I'll give 100,000,000.00 and the whole company is only worth 1,000,000,000 he is considered a top 1% investor unlike people who have a few shares of stock. Tell me how I can make sure my Fidelity 401k has no investments in any oil company.

[livinlow15]

Well that was my mistake, I assumed that you were refering to stockholders because you always refered to 'investors' as plural prior to your last comment, but my point is that you can't tell the majority owner of a coperation how you're going to do your job, and I never said that anyone was worth 250k, I never said that they were worth a dime, I'm saying that the services they provide are worth more to the corperation as a whole than the amount that they make; simple as that.

[livinlow15]

Just curious though, what does an investor recieve when they put that much money into a company?

[livinlow15]

Call Fidelity, tell them that your employer setup a 401k through them and you want to manage it online (it'll be a 403b, or 457 if you work for a non-profit or government organization) They'll hlep you set-up everything and you'll be able to view and manage your portfolio online. The way I see it, people who make the most money in the market are the ones who do it for themselves, why would I expect someone to do it for me? Who cares more about my money anyway; me or some jerk on Wall Street?

[TXatheist]

That's exactly what I do but my mutual funds in Fidelity are diversified and spent by fund managers in various stocks, beyond my control.

[livinlow15]

Well if you say it's beyond your control then I guess that must make me Superman because I've been doing it since I was 16 (I had a sweet union gig making $12 an hour with full benefits at a nursing home washing pots, oh yea!)... It only takes a phone call man, if you can't figure it out don't forget that you pay their salary so they have to for you because you can take your money somewhere else. I've done that before too, and I'm about to do it again...

[DANJULLMANN44]

@TXatheist Then buy your own stocks. You can derversify on your own. I do.

[TheKuffarKid]

Does your idea of $250K  apply to EVERYONE such as movie stars, musical acts, athletes etc.?

[TXatheist]

Yes,

[livinlow15]

Well in case someone hasn't told you this already, socialism doesn't work...

[TXatheist]

Europe and Canada are much more socialistic and just fine.

[livinlow15]

I've lived with people from those European countries that we desire to emulate so badly...

They talk about how bad they need to switch over to a system like ours...

[TXatheist]

I lived with people from Europe and they couldn't believe how corrupt our system was in our treatment of employees.

[livinlow15]

And I guess you want a cookie for that too huh?

[TXatheist]

Chocolate chip please.

[Blasphemangelicals]

Nader is a dumbass. He openly admits to wanting to adopt a "Canadian Style Healthcare system." Yea, great idea! Let's adopt a healthcare system that literally sucks ass.

The only thing Nader has ever said that I agree with is his foreign policy. Otherwise he's a punk.

Great video btw.

-Zam

[youbetterhide]

You are right on target!!!