Quote:
Originally Posted by eweissenbach
Not even close doc.
Top five CEO compensation according to Forbes:
John Hammergrer, McKesson. $139m. 42,800 EEs
Ralph Lauren, Ralph Lauren. $66.6m. , 23,000 EEs
MichaelFascitelli, Vornado Realty. $64.4m, 4,369 EEs
Richard Kinder, Kinder Morgan, 60.9m, 11,080 EEs
George Paz, Express Scripts, 51.5m, 30,000 EEs
One company in the world with more than a million employees, Wal Mart. Next largest US Postal Service with 826,000 employees.
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OK, take your first example. Take away 80% of that CEOs income and distribute it evenly among the employees and it about $2600 per employee. Not a bad increase for minimum wage earners but not life changing. It's about $1.30 per hour increase for a forty hour a week worker.
And again consider that that money is not going to be distributed evenly. The people closest to the top would get more and the people on the bottom would get less. If Vornado Reality has increased it's profits by a billion dollars under Fascitelli then he's worth every penny that they pay him.
Bt the bottom line is that taking from the rich and giving to the poor will not solve any problems. The wealthy in this country are not the problem.
If you want to argue about the other examples that you have posted please show evidence that the people involved are not worth what they are getting paid.
Although I agree that many of these CEOs make more than their worth and their compensation should be tied to the performance of the companies reducing their salaries does not change anything.