Gaining traction?

[Nebe]

Originally Posted by Jim in CT

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.

I have done zero research into this but the CEO of Walmart runs he company. He doesn't own it. Look into how much money the family that owns it sucked from the company. Then look at how many employees are payed so little that they have to use government assistance and food stamps, which you and I pay for.

Not everything is black and white.
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[scottw]

Originally Posted by Nebe

I have done zero research into this but...


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[Nebe]

Originally Posted by scottw

Bam

http://walmart1percent.org/family/
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[Jim in CT]

Originally Posted by Nebe

I have done zero research into this but the CEO of Walmart runs he company. He doesn't own it. Look into how much money the family that owns it sucked from the company. Then look at how many employees are payed so little that they have to use government assistance and food stamps, which you and I pay for.

Not everything is black and white.
Posted from my iPhone/Mobile device

Nebe, the owners of the company are entitled to the profits. They own the company. That's what "ownership" means. Do you hold onto the things you own? Or do you give it all away?