CEO compensation has risen 1,322% from 1978 to 2020.

A

American Man

Verified User
In that same time frame, the average American worker's compensation has risen by 18%.

It's not that CEOs are more valuable than they were in 1978. The problem is that they wield too much power over their own salaries and the government refuses to act.

Solutions:

1. Reinstate higher marginal income tax rates at the very top.

2. Set corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.

3. Utilize antitrust enforcement and regulation to restrain firms' (and by extension, CEOs') excessive market power.

4. Allow greater use of "say on pay," which allows a firm's shareholders to vote on top executives' compensation.

Which of our leaders care? Is anyone running for office on this kind of reform?
 
American Man said:
In that same time frame, the average American worker's compensation has risen by 18%.

It's not that CEOs are more valuable than they were in 1978. The problem is that they wield too much power over their own salaries and the government refuses to act.

Solutions:

1. Reinstate higher marginal income tax rates at the very top.

2. Set corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.

3. Utilize antitrust enforcement and regulation to restrain firms' (and by extension, CEOs') excessive market power.

4. Allow greater use of "say on pay," which allows a firm's shareholders to vote on top executives' compensation.

Which of our leaders care? Is anyone running for office on this kind of reform?
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So? None of our frigging business how much they make. Sure ain't mine. Man you Bolsheviks are so transparent.
 
Ignore Boris


Someone pissed in his borsht this morning


He did love Bush crashing our economy by allowing the banks to do whatever they wanted for 8 long years


He thought that was great



Every time the right is allowed to put in place their idiot economic ideas



Everyone gets screwed


Except the one percent
 
American Man said:
In that same time frame, the average American worker's compensation has risen by 18%.

It's not that CEOs are more valuable than they were in 1978. The problem is that they wield too much power over their own salaries and the government refuses to act.

Solutions:

1. Reinstate higher marginal income tax rates at the very top.

2. Set corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.

3. Utilize antitrust enforcement and regulation to restrain firms' (and by extension, CEOs') excessive market power.

4. Allow greater use of "say on pay," which allows a firm's shareholders to vote on top executives' compensation.

Which of our leaders care? Is anyone running for office on this kind of reform?
Click to expand...

Sounds like some great ideas


Similar the the FDR days when this nation soared and every person had a REAL SHOT at a decent life and retirement
 
American Man said:
In that same time frame, the average American worker's compensation has risen by 18%.

It's not that CEOs are more valuable than they were in 1978. The problem is that they wield too much power over their own salaries and the government refuses to act.

Solutions:

1. Reinstate higher marginal income tax rates at the very top.

2. Set corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.

3. Utilize antitrust enforcement and regulation to restrain firms' (and by extension, CEOs') excessive market power.

4. Allow greater use of "say on pay," which allows a firm's shareholders to vote on top executives' compensation.

Which of our leaders care? Is anyone running for office on this kind of reform?
Click to expand...
And we have had technological booms as a result. Should we double Congressional pay and expect better solutions under our form of Capitalism?
 
Executive pay is determined by compensation boards that are peopled by the same execs staff and other company execs. It is a way to ensure that exec pay will never go down. When banks destroyed the world economy that blew up in 2008, the bankers got their bonuses and pay. They did not lose their jobs.
John Kenneth Galbraith called corporate bosses ratifiers. The staff accumulates all the information and presents the options to the boss. The data determines the decision. The idea that they are some special people is absurd. They are the guys who were heads of frats in college. The schmoozers and manipulators.
 
Pretty clear on this thread who has never been able to get past a menial job like a floor sweeper.
 
American Man said:
In that same time frame, the average American worker's compensation has risen by 18%.

It's not that CEOs are more valuable than they were in 1978. The problem is that they wield too much power over their own salaries and the government refuses to act.

Solutions:

1. Reinstate higher marginal income tax rates at the very top.

2. Set corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.

3. Utilize antitrust enforcement and regulation to restrain firms' (and by extension, CEOs') excessive market power.

4. Allow greater use of "say on pay," which allows a firm's shareholders to vote on top executives' compensation.

Which of our leaders care? Is anyone running for office on this kind of reform?
Click to expand...

It's not just ridiculous, it's close to criminal. Yet good luck changing anything. The Reichwingers believe that CEOs "deserve" to make 351 times what their average employee does. Because someday they might be a CEO too so it's not fair to tax them or regulate them in any way.

In 2020, top CEOs earned 351 times more than the typical worker
 
The wealth gap is worse than during the Gilded Age. Teddy Roosevelt warned us about the dangers of the wealthy working in the dark to loot the American system. That is why he instituted the Inheritance Tax and started Trust-Busting. In the next century, the wealthy with the great press they own and control, have scrubbed warts away and convinced Americans the wealthy are special people selected by god to have wealth and power. Somehow that is passed along to their heirs. https://www.minnpost.com/eric-black...evelts-attack-excessive-concentration-wealth/
 
That is why equal protection of our at-will employment laws matters. So less constrained markets can reach more efficient equilibriums in a market friendly manner.

Would we have all the social problems and expenses we do, with equal protection of our own at-will employment laws for unemployment compensation?
 
End the Fed/balance the budget (in order of importance) and that number will - from now on - plummet almost instantly.

No doubt most of you have little-no idea why.
 
Matt Dillon said:
It's fascism that drives that. Outlaw lobbying and legal bribery and that goes away.
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With respect...but that will not do it, IMO.
Both of these things have been going on constantly since America began.
But not the Fed and gigantic, fiscal deficits....they are more recent phenomenon's.


The Fed controls the economy.

They angle money towards corporations (through ZIRP and QE's)...have been since 2007.

They single-handedly and deliberately (by their own admission) created the Equity boom.
That boom has caused almost all major corporations to angle money previously used for product development.
And put it towards stock buybacks...as the latter is an almost, guaranteed profit.

This gives corporations gigantic profits without the slightest innovations.
This makes the CEO's look good.
This pleases the shareholders.
And that allows the CEO's to give themselves huge raises.


Over the last 15 years?
The Fed has added - indirectly - over $8 TRILLION dollars to the US economy.
And the vast, VAST majority of that has gone to the wealthy

fredgraph.png

https://fred.stlouisfed.org/series/WALCL

Plus, the US federal budget deficits have added over $19 trillion over the past 15 years.
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

(though some of these totals overlap)

All the lobbying/bribery in all of D.C. couldn't add that much to the economy in that period of time, IMO.

BTW - despite what the left says, fiscal deficits mostly end up in the pockets of the wealthy.


Corporations are literally making trillions of dollars PURELY off of fiscal deficits and the Federal Reserve.

If people REALLY want CEO's bonuses/pay rises to slow down?
Just balance the budget and take away the Fed's 'full employment' mandate and that will go a LONG way to doing just that.
 
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During Covid and the lockdowns, the wealthy picked up a trillion and a half in worth. They do not suffer. Vote Repub so your masters can get all they deserve.
 
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