Any discussion that suggests CEO salaries should be lowered is intellectually stunted. The federal government is prohibited from interfering with the CEOs contract. The CEO enters into a contract with the owners of the company for payment, no different than any other employer/employee relationship in this country. Do you honestly think that any of you have the authority to go into a butcher and demand that the owner pay the cashier $40,000 a year? Of course not. The same holds true for a corporation. If the shareholders of McDonald’s want to pay their CEO $1 billion a year, that’s up to them, not up to you! if you are a shareholder in McDonald’s, and you don’t like it, you can vote a different way. That’s how the system works. It is just ridiculous to think that there could be any serious discussion to cut CEO pay.
Apple sold their first computer in 1976. Microsoft formed in 1975. Your trend starts in 1978. Hmmmmmm…….
VEO pay isn’t even a small drop in the bucket in the big scheme of things. It’s just something that is easy to point to, complain about, and everyone can see it and hate it.. it’s not an answer or solution. Wealth gaps have existed in every civilized society in man’s history. That has not and never will change. For decades the US has spent more than they brought in.. this is not a new problem but politicians will not touch it.. they prefer to kick it down the road and thump their chest when they reduce spending by 100million BUT are still spending 900 million more than they bring in… not a good or workable budget. Cut spending- hard - reduce military abroad spending, shrink safety nets to true safety nets, cut off shore welfare None of it will be easy, none of it will be fun, but it needs to be done. Re work the tax code - has to be done at some point but no one will touch it. No matter what someone will hate what is done.
You do realize there are other companies besides tech companies that have CEOs? Correct? Look very closely at the bottom of the graph I posted.
The one you literally quoted me on wasn't in response to me? Uh okay then.... I've had enough, enjoy your day
Where do you live? We haven't had people on the back of garbage trucks in Polk County in years. It's all automated now. I always thought we were a little behind the curve.
Is that what he is worth or what he gets paid each year? Same principal applies. If he is worth 500 billion, lets say he can only be worth 10 million and we give the rest to the 330 million people in the US. He would have to stroke a check of about 1500 bucks to each person for a one time payment (since he doesn't make that much each year). Not exactly earth shattering financial windfalls for everyone. Don't get me wrong, having that much money in one person's hand is obscene but taking and giving it away means little to most people. Giving it to the government would only create another millionaire somewhere else that is running a program that the government is supporting at that time.
If a CEO grows the value of the company from $1 billion to $2 billion in a year, how much is that worth in compensation?
Jax. Automated Side Load is the future (and eventually automated drivers) but there are still plenty of routes that require a throw or 2. I wish we could make the conversion but our routes don't really allow it for various reasons. .
you need to reach back a little further in the posts to see my original response regarding technology and CEO pay. You came to the dance a little late.
I am not sure but I think he only pays himself like a dollar a year. Somebody correct me if I am wrong. I think capital gains should be taxed the same as income. There was a story where warren buffet’s secretary was paying a higher tax rate than he was because of the capital gains break.
It sure ain't fun, and the insurance liability also sucks. But not everyone is set up for automated side load. In Jax, recycling is ASL but every other residential route is currently standard rear load, I believe. For us, ASL trucks don't fit some of the neighborhood streets we service. We also do speciality service on some where we take cans that aren't on the street. We get to charge more.
Why is it CEOs take paycuts but I never hear outrage for music stars, Movie stars, sports stars should ever take pay cuts. Why do QBs make So much ? What about left tackle ? Why don’t we hear the outrage comparison to what they pay tom cruise vs the cameraman ? Or the starting pitcher vs the beer guy ? What about the pay to Megan rapinoe Vs ticket collector? Guessing her pay has outpaced the average ref or groundskeeper
True, if it's income, then it's income. If I'm worth 100 million and my gains on it are 10 million a year (10% to make math easy), then I should pay regular taxes on 10 million.
You betray the fundamental flaw in your argument, skewing the numbers by failing to account for this simple fact (COL).
