General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRaster
(20,998 posts)Kick!!!
CaliforniaPeggy
(149,523 posts)As soon as I saw it, I KNEW it had to come over here.
I knew the ratio was bad, but I didn't know it was this bad.
Raster
(20,998 posts)rwsanders
(2,594 posts)Ted Koppel interviewed the Japanese head of Sony and asked him what was wrong with American business:
1. Ratio of CEO pay to worker pay.
2. Lack of input from workers into how company is run.
3. Lack of job security.
indepat
(20,899 posts)the welfare of special interests (the 2% including large corporations) rather than the general welfare since the days the Gipper spread his bountiful wisdom on the nation.
Comrade_McKenzie
(2,526 posts)1StrongBlackMan
(31,849 posts)just make everything above that 20:1, non-deductible.
TahitiNut
(71,611 posts)As far as I'm concerned, they're just acting as proxies for ownership. Agents. Their "compensation" is nothing different than ownership taking money out of the business. Like dividends.
1StrongBlackMan
(31,849 posts)with the exceptions of Italy and Mexico, as one trends Westward, the gap increases.
Hell Hath No Fury
(16,327 posts)Fantastic graphic.
monmouth3
(3,871 posts)Initech
(100,038 posts)CaliforniaPeggy
(149,523 posts)And a lot of information! Wish i could slow it down so I could really absorb all the data...
Thank you!
DemoTex
(25,390 posts).. and US CEOs make out like bandits.
(Oops! I forgot. They often ARE bandits!)
Mira
(22,380 posts)utterly disgusting, heart breaking, country destroying situation
DaveJ
(5,023 posts)I don't mean to use the word "slave" lackadaisically, but that's how our country has founded and the same mentality exists today and probably forever. They think we need to be motivated by masters who are unapproachable in power. I would love for this notion to change, though.
hifiguy
(33,688 posts)never took a salary of more than about $100,000 per year and lived in a modest apartment in Tokyo. Yeah, this was back in the 1970s, but Morita was quoted as saying that it would be "inappropriate" and unseemly to take more money.
MindPilot
(12,693 posts)Unfortunately, now that Morita has passed, the company seems to be dying too.
Although Sony tended to take on some of the corporate culture of whatever country they were operating in, they never let you forget that Sony is a Japanese company. The executives still had nice offices, but it wasn't unusual to see upper management working in cubes right alongside everyone else. They felt isolated in the big corner offices the American corporate culture provided.
Paper Roses
(7,471 posts)I can't spend on Christmas gifts what these folks probably spend on a dinner out.
Something is wrong here folks.
lobodons
(1,290 posts)Then move to Japan why don't you.
nadinbrzezinski
(154,021 posts)For social unrest.
SalviaBlue
(2,914 posts)ismnotwasm
(41,965 posts)That is awesome, thank you. I collect these things for wallpaper on my iPad--makes for interesting conversation
CaliforniaPeggy
(149,523 posts)Oh, to be a fly on the wall in your house!
Or wherever you're having your conversations...
The Wielding Truth
(11,411 posts)99Forever
(14,524 posts).. they are the job creators and we are merely expenses that stifle the Holiest God of Profit.
leftstreet
(36,098 posts)hue
(4,949 posts)Enrique
(27,461 posts)ignore their "ruling", PolitiFact's rulings are worthless. But their information about where these numbers come from is very good imo.
http://www.politifact.com/truth-o-meter/statements/2011/oct/10/facebook-posts/viral-facebook-post-ceo-worker-pay-ratio-has-obscu/
CaliforniaPeggy
(149,523 posts)ReallyIAmAnOptimist
(357 posts)...I'd sure like to see some up to date reliable data in a similar chart though.
patrice
(47,992 posts)Whovian
(2,866 posts)CaliforniaPeggy
(149,523 posts)Matariki
(18,775 posts)Just saying...
texshelters
(1,979 posts)but what is the source? I believe this is true, but is it too much to ask for a link or a citation?
PTxS
CaliforniaPeggy
(149,523 posts)The picture I took from Facebook had no attribution.
And it is certainly not too much to ask!
ProfessionalLeftist
(4,982 posts). . .
"Actually, I am the recipient of the paper you refer to," Kroll told us in an e-mail. "The paper was done as a class project by three of my students in a graduate class back in 2005. The 475-to-1 ratio that you reference is listed in a table in the paper the students wrote. They do not give a specific citation for the data in the table."
The papers cover sheet fooled us -- as it fooled others -- because the professors name appears in the middle of the page, and the three students names appear together at the bottom in a less prominent spot. We tried to reach the co-authors -- Adam Choate, Dana Rowzee and Jerrod Tinsley, all of whom were working on their Master of Business Administration in 2005 -- but we did not hear back.
So how about the substance of the chart?
From previous fact-checks, we knew that American CEOs are generously paid, and we had confirmed that for ordinary Americans, incomes are stagnating.
But on the specific comparison of CEO pay and average-worker pay, we found two liberal groups -- the Economic Policy Institute and the Institute for Policy Studies -- that have produced long-running studies of this question.
. . .
. . .the most recent ratio from the Institute for Policy Studies is also smaller -- for 2010, it was 325 to 1. In previous years the ratio on two occasions has exceeded 475 to 1 -- to be specific, 516 to 1 in 1999 and 525 to 1 in 2000.
MORE...
http://www.politifact.com/truth-o-meter/statements/2011/oct/10/facebook-posts/viral-facebook-post-ceo-worker-pay-ratio-has-obscu/
docgee
(870 posts)CaliforniaPeggy
(149,523 posts)texshelters
(1,979 posts)the citation and info. It's still bad, as you make clear.
PTxS
jsr
(7,712 posts)otohara
(24,135 posts)gateley
(62,683 posts)James48
(4,427 posts)Response to CaliforniaPeggy (Original post)
Post removed
Overseas
(12,121 posts)Ganja Ninja
(15,953 posts)American Business can't compete or when they start pissing and moaning about the corporate tax rate.