Quote:
Originally Posted by Nebe
this is how Sanders explains the current economic situation in this country...
|
There's some truth to that cartoon, but it's highly exaggerated.
Take the favorite liberal target of corporate greed, WalMart.
Accordsing to this abcnews link, the CEO recenly had annual compensation of $35 million.
http://abcnews.go.com/Business/walma...ry?id=11067470
From this article, Wal-mart employees 1.4 million people in the US.
http://www.businessinsider.com/walmart-employees-pay
So, how much is the CEO "stealing" from the working stiff? Well, if we assume that the CEO worked for free, and divided his $35 million compensation evenly among all 1.4 million employees, each one would get an extra $25 a year. Exactly $25 a year.
Whoop-dee-doo.
Nebe, I would never argue it's "fair" that a CEO makes $35 million, because it's not "fair". But it's also demonstrably false to suggest that CEO compensation is the reason why the wages of regular folks are not increasing. For most large companies, CEO compensation is a very small drop in the bucket.
The math is, what the math is.
I have worked for huge companies. I'd happily sacrfice $25 a year to have a good CEO who could run the company with skill.