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(Yahoo)   The average CEO now makes 259 times what the average worker makes, up from 181 times that salary in 2009. That's a pretty steep increase. Here's why he's worth so much more than your sorry ass   (news.yahoo.com) divider line 57
    More: Hero, CEO, Tyco, Garrison Keillor, accounting scandals, location shooting, Les Moonves, Center for Economic, salary  
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2075 clicks; posted to Business » on 28 May 2014 at 4:04 PM (52 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



57 Comments   (+0 »)
   
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2014-05-28 03:40:18 PM  
1. Because the Boards of Directors of corporations are comprised of other current and former CEO's and they're one giant den of thieves.
 
2014-05-28 03:44:41 PM  
Maybe they work 259 times as hard as your average worker...or are 259 times as intelligent...


/I don't think so either
 
d23 [TotalFark]
2014-05-28 03:53:23 PM  

UberDave: Maybe they work 259 times as hard as your average worker...or are 259 times as intelligent...



ioneglobalgrind.files.wordpress.com

HA! They actually think that!

//anyway, Lando already won the thread.
 
2014-05-28 03:58:50 PM  
HERO TAG!?!?! Are you f*cking kidding me?? What's next, a hero tag for prison butt raping? At least the prison butt-rapists are honest about what they do.
 
2014-05-28 04:02:41 PM  

Danger Avoid Death: HERO TAG!?!?! Are you f*cking kidding me?? What's next, a hero tag for prison butt raping? At least the prison butt-rapists are honest about what they do.


It's a little known fact that he Fark Hero Tag is an official designation that bestows the unimpeachable, irrevocable quality of heroism on people.
 
2014-05-28 04:03:02 PM  
I'm just glad that these Titans of Industry are willing to do the hard work of dragging our society into the future, rather than something more personally fulfilling, like being doctors or movie stars or famous scientists. We should all take a moment and reflect on the sacrifices they've made, the things they could have done instead, so that all of us might have a brighter future. All of us, but mostly our children. Think of the children.
 
2014-05-28 04:03:27 PM  
Because Obama pursued a Fed policy that caused stock prices to skyrocket, and since CEO packages are laden with incentives tied to the companies stock price, so did their pay.

Of course the increasing stock price did not reflect a positive performance of the company or a benefit that accrued to the workers, but who cares?
 
2014-05-28 04:09:50 PM  

Danger Avoid Death: HERO TAG!?!?! Are you f*cking kidding me?? What's next, a hero tag for prison butt raping? At least the prison butt-rapists are honest about what they do.


It's being used ironically.
 
2014-05-28 04:10:10 PM  
I can't help but think this is somehow Obama's fault
 
2014-05-28 04:11:39 PM  

d23: UberDave: Maybe they work 259 times as hard as your average worker...or are 259 times as intelligent...


[ioneglobalgrind.files.wordpress.com image 540x352]

HA! They actually think that!

//anyway, Lando already won the thread.



(shakes fist at Lando)
 
2014-05-28 04:12:42 PM  

sendtodave: Danger Avoid Death: HERO TAG!?!?! Are you f*cking kidding me?? What's next, a hero tag for prison butt raping? At least the prison butt-rapists are honest about what they do.

It's being used ironically.


The attempt at irony failed.
 
2014-05-28 04:13:19 PM  

Lando Lincoln: 1. Because the Boards of Directors of corporations are comprised of other current and former CEO's and they're one giant den of thieves.


Collective bargaining for me but not for thee.
 
2014-05-28 04:14:41 PM  
If the average CEO compensation grew 1.3 percent, how much extra cash would that mean for an average worker?
 
d23 [TotalFark]
2014-05-28 04:14:53 PM  

SilentStrider: sendtodave: Danger Avoid Death: HERO TAG!?!?! Are you f*cking kidding me?? What's next, a hero tag for prison butt raping? At least the prison butt-rapists are honest about what they do.

It's being used ironically.

The attempt at irony failed.


cdn.celebritycarsblog.com

Alanis is amused by your shenanigans.
 
2014-05-28 04:15:52 PM  
Because they can.
And you would too, if you could.
 
d23 [TotalFark]
2014-05-28 04:17:53 PM  

SoupGuru: If the average CEO compensation grew 1.3 percent, how much extra cash would that mean for an average worker?


That would be around $650 for me, and I'd take it.

However, it's just like reducing the tax debate to percentages.  It doesn't make sense.  Yeah, a rich guy will pay a million in taxes.. so unfair!  How can he live on the remain 10 million?  That's rough.

Take $5 from a poor guy, though, and you can really hurt him.
 
2014-05-28 04:19:52 PM  

rogue49: Because they can.
And you would too, if you could.


No way.

I couldn't live with myself at anything more than 250x.
 
2014-05-28 04:22:57 PM  

rogue49: Because they can.
And you would too, if you could.


Why do people who would fark over other people if they could get away with it always make the assumption that everyone is as bad a person as they are?

Lots of people wouldn't if they could.
 
2014-05-28 04:24:33 PM  

Tigger: rogue49: Because they can.
And you would too, if you could.

Why do people who would fark over other people if they could get away with it always make the assumption that everyone is as bad a person as they are?

Lots of people wouldn't if they could.


I didn't realize the CEO of my company was personally fark'ing me over.  I'll make sure to kick him in the balls the next time I see him.

/oh wait ... he isn't and I won't
//there is no hate like CEO hate on fark
 
2014-05-28 04:25:37 PM  
It's called inflation.
 
2014-05-28 04:25:44 PM  

gingerjet: Tigger: rogue49: Because they can.
And you would too, if you could.

Why do people who would fark over other people if they could get away with it always make the assumption that everyone is as bad a person as they are?

Lots of people wouldn't if they could.

I didn't realize the CEO of my company was personally fark'ing me over.  I'll make sure to kick him in the balls the next time I see him.

/oh wait ... he isn't and I won't
//there is no hate like CEO hate on fark


You completely and totally missed my point.
 
2014-05-28 04:26:22 PM  

gingerjet: I didn't realize the CEO of my company was personally fark'ing me over.


That's because you're not very bright.
 
2014-05-28 04:29:47 PM  
Sure, I'd get more money too if I got to hand pick who gives out the raises.
 
d23 [TotalFark]
2014-05-28 04:30:33 PM  

gingerjet: /oh wait ... he isn't and I won't
//there is no hate like CEO hate on fark


Good on you if you work with a CEO that is a decent human being!  But there are and were plenty of CEOs personally farking over there employees, shareholders, and anyone else that was bent over...

i2.cdn.turner.com
 
2014-05-28 04:40:45 PM  

gingerjet: I didn't realize the CEO of my company was personally fark'ing me over.  I'll make sure to kick him in the balls the next time I see him.

/oh wait ... he isn't and I won't
//there is no hate like CEO hate on fark



So you assume all (or even most) CEOs are like yours?!?

Let me guess.... you are not a scientist, engineer, or statistician.
 
2014-05-28 04:41:23 PM  

rjakobi: It's called inflation.


FTFA:
5. Low inflation.
For the past five years, the government's standard inflation gauge, the consumer price index, has averaged an ultra-low 1.6 percent. When inflation is high, employees tend to factor it into requested pay raises. But when inflation is as low as it has been, it almost disappears as a factor in pay negotiations. Workers typically settle for less than if inflation were higher.
 
2014-05-28 04:43:28 PM  
The "Why CEOs are paid more" part made sense, but the "Why you didn't get a raise" doesn't correlate at all... Article makes the two points sound independent of one another.
 
2014-05-28 05:07:53 PM  

JerseyTim: Danger Avoid Death: HERO TAG!?!?! Are you f*cking kidding me?? What's next, a hero tag for prison butt raping? At least the prison butt-rapists are honest about what they do.

It's a little known fact that he Fark Hero Tag is an official designation that bestows the unimpeachable, irrevocable quality of heroism on people.


Like the Marvel Comics version of Mjolnir, but in reverse: you become worthy because you pick it up, not because you can pick it up.
 
2014-05-28 05:29:41 PM  
I was in sales job with 'unlimited earning potential' (100% commission)  had a large sale for a chain of hotels lined up. Long story short the company farked me and I got no money from a hotel account that bought ~10,000 units product order. Thanks upper management! I no longer work for this company. CEO's also suck because they are paid more then they are 'worth'.
 
2014-05-28 05:33:31 PM  

UberDave: Maybe they work 259 times as hard as your average worker...or are 259 times as intelligent...


/I don't think so either


yeah people have a hard time getting their minds around money. There's no correlation between hard work or intelligence and money really. I think people get told to get ahead you have to work hard and that's true to a point.. i mean you have to at least get out of bed in the morning and go outside but it really has nothing to do with making money.
 
2014-05-28 05:38:22 PM  
Stringer told us why CEOs make so much on season two of THE wire.
 
2014-05-28 05:42:07 PM  

Lando Lincoln: 1. Because the Boards of Directors of corporations are comprised of other current and former CEO's and they're one giant den of thieves.


Essentially, and the Praetorian guard that is the federal gov't ensures the unethical methods they use doesn't get toppled.

We have a lot of sheep who are demanding more regulations that ignores the regulators are part of the problem themselves. 100+ years ago, the stuff these corporations are pulling would have seen their businesses fail and their CEOs destroyed. Now? Nobody fails ever.
 
2014-05-28 05:57:45 PM  
biatching on Fark will pacify you sheep. You'll feel better about yourselves and then never address the issue.
 
2014-05-28 07:05:53 PM  

d23: SoupGuru: If the average CEO compensation grew 1.3 percent, how much extra cash would that mean for an average worker?

That would be around $650 for me, and I'd take it.

However, it's just like reducing the tax debate to percentages.  It doesn't make sense.  Yeah, a rich guy will pay a million in taxes.. so unfair!  How can he live on the remain 10 million?  That's rough.

Take $5 from a poor guy, though, and you can really hurt him.


Well a 5% pay increase on someone making $10 million a year is an extra $500,000 per year or almost $10k per week.

For someone making $20k, a 5% increase is an extra $1000 per year or about $20 per week.

/hope I have my math right. I'm mobile and don't feel like flipping to the calculator
 
2014-05-28 07:56:06 PM  

UberDave: Maybe they work 259 times as hard as your average worker...or are 259 times as intelligent...


/I don't think so either


I would not be surprised if the average worker works much harder than the average CEO.
 
2014-05-28 07:57:19 PM  

rumpelstiltskin: I'm just glad that these Titans of Industry are willing to do the hard work of dragging our society into the future, rather than something more personally fulfilling, like being doctors or movie stars or famous scientists. We should all take a moment and reflect on the sacrifices they've made, the things they could have done instead, so that all of us might have a brighter future. All of us, but mostly our children. Think of the children.


Especially the first born child, Rumple?
 
2014-05-28 07:59:13 PM  

rogue49: Because they can.
And you would too, if you could.


No - I'm not a psychopath. I want no more and no less than I honestly earn.
 
2014-05-28 08:27:31 PM  
Because their bosses think they are worth it. And your bosses know you aren't.

Boo hoo.
 
2014-05-28 08:28:59 PM  

kg2095: rogue49: Because they can.
And you would too, if you could.

No - I'm not a psychopath. I want no more and no less than I honestly earn.


If you don't believe that a wage agreed to between an employer and an employee is honestly earned, then you are a psychopath.
 
2014-05-28 09:59:37 PM  
The one percent get one percentier and the middle class keeps getting hammered.

Business as usual.
 
2014-05-28 10:09:04 PM  
Why many of us aren't getting a raise #6: For the past 30 years, most compensation increases have gone to benefits (read: health care premiums) rather than wages.
 
2014-05-28 10:12:52 PM  

Debeo Summa Credo: kg2095: rogue49: Because they can.
And you would too, if you could.

No - I'm not a psychopath. I want no more and no less than I honestly earn.

If you don't believe that a wage agreed to between an employer and an employee is honestly earned, then you are a psychopath.


If you believe the leverage is the same for an out of work employee, and an employer who colluded with fellow businessmen and government officials, then You are the psychopath.
 
2014-05-28 10:59:24 PM  

machodonkeywrestler: Debeo Summa Credo: kg2095: rogue49: Because they can.
And you would too, if you could.

No - I'm not a psychopath. I want no more and no less than I honestly earn.

If you don't believe that a wage agreed to between an employer and an employee is honestly earned, then you are a psychopath.

If you believe the leverage is the same for an out of work employee, and an employer who colluded with fellow businessmen and government officials, then You are the psychopath.


DSC has been here for years; we already know he's a psychopath.

/or maybe just a disingenuous douchebag; I don't really care enough to determine which
 
2014-05-28 11:13:33 PM  

Plastic Trash Vortex: machodonkeywrestler: Debeo Summa Credo: kg2095: rogue49: Because they can.
And you would too, if you could.

No - I'm not a psychopath. I want no more and no less than I honestly earn.

If you don't believe that a wage agreed to between an employer and an employee is honestly earned, then you are a psychopath.

If you believe the leverage is the same for an out of work employee, and an employer who colluded with fellow businessmen and government officials, then You are the psychopath.

DSC has been here for years; we already know he's a psychopath.

/or maybe just a disingenuous douchebag; I don't really care enough to determine which


I'm well aware since I have a few years on him. Doesn't mean he shouldn't be called out for his inconsistencies in his "logic" be it frivolous or sincere.
 
KIA
2014-05-29 12:11:47 AM  

SoupGuru: If the average CEO compensation grew 1.3 percent, how much extra cash would that mean for an average worker?


Zero.  FTFA: CEOs are paid heavily in stock. Stock market goes up, company reports better profits, they make bank.  Similarly, stock market goes down or company tanks, they take a heavy hit.

Here's the thing: your glorious central government is pumping liquidity into the market driving down the yields of savers and investors and driving people to stocks and speculative investments so they can try to get a decent rate of return.  This has the effect of inflating CEO compensation, Wall Street Earnings, Madison Avenue advertising revenues and K Street lobbyist revenues.  It boosts the entire entertainment / sports complex, which, in turn, provides spectacles for the masses and enormous government support and revenue.

It does absolutely nothing for the working person.

But if you vote for a keptocracy, you get a kleptocracy.  If you give government the power to aggrandize itself and allocate money to such purposes, it will do so every single time.

If you want to be free and wealthy, you CANNOT have massive central government.  This is not to say you must have anarchy, for that is equally foolish, but government must be treated as a problem to be solved, not a panacea for the transient ills of the moment.
 
2014-05-29 01:08:02 AM  

Debeo Summa Credo: Because their bosses think they are worth it


Who are their bosses?

The Board of Directors.

The Board of Directors is comprised of what?

Other CEO's.

It's a den of thieves. And you're defending them.
 
2014-05-29 09:53:53 AM  

Plastic Trash Vortex: machodonkeywrestler: Debeo Summa Credo: kg2095: rogue49: Because they can.
And you would too, if you could.

No - I'm not a psychopath. I want no more and no less than I honestly earn.

If you don't believe that a wage agreed to between an employer and an employee is honestly earned, then you are a psychopath.

If you believe the leverage is the same for an out of work employee, and an employer who colluded with fellow businessmen and government officials, then You are the psychopath.

DSC has been here for years; we already know he's a psychopath.

/or maybe just a disingenuous douchebag; I don't really care enough to determine which


Just because you live in some economic fantasyland where individuals aren't able to quit their jobs the second they find another one doesn't mean those that dickslap you with logic and reality are disingenuous.
 
2014-05-29 11:04:47 AM  
Lol, weak unions are a problem?
Unions are one of the major contributors to the shiatheap we're in now.
 
2014-05-29 11:09:48 AM  

Lando Lincoln: Debeo Summa Credo: Because their bosses think they are worth it

Who are their bosses?

The Board of Directors.

The Board of Directors is comprised of what?

Other CEO's.

It's a den of thieves. And you're defending them.


Only 23% of new directors nominated to S&P 500 boards in 2013 were active CEO/charimen/presidents/COOs of other companies, who could presumably benefit from 'scratch my back' mentality.  53% of S&P 500 CEOs do not sit on any external corporate board.  Only 20% of compensation committee chairs are active CEOs

I'm sorry, but your conspiracy theory doesn't hold water.

http://www.corpgov.deloitte.com/binary/com.epicentric.contentmanagem en t.servlet.ContentDeliveryServlet/USEng/Documents/Nominating-Corporate% 20Governance%20Committee/Board%20Composition%20and%20Recruitment/Spenc erStuartBI%202013_04Nov2013-lowres.pdf
 
2014-05-29 11:51:50 AM  

Debeo Summa Credo: Only 23% of new directors nominated to S&P 500 boards in 2013 were active CEO/charimen/presidents/COOs of other companies, who could presumably benefit from 'scratch my back' mentality.  53% of S&P 500 CEOs do not sit on any external corporate board.  Only 20% of compensation committee chairs are active CEOs


"Active" CEO's, yes.
 
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