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A great and serious graphic from Facebook: (Original Post) CaliforniaPeggy Dec 2012 OP
Thanks for posting, Peggy! Raster Dec 2012 #1
You're welcome, my dear Raster! CaliforniaPeggy Dec 2012 #2
oh yes, it is beyond bad. It is a DISGRACE! Raster Dec 2012 #5
I remember a Nightline episode back in the early 90's when the ratio was closer to 50:1 rwsanders Dec 2012 #38
This disgraceful ratio is brought to you by a corrupt and venal Congress which has largely promoted indepat Dec 2012 #41
We need a cap on CEO pay that makes it 20:1. nt Comrade_McKenzie Dec 2012 #3
Not a cap, per se ... 1StrongBlackMan Dec 2012 #6
I'd like to see Senior Executive pay ALL be after-tax ... like dividends. TahitiNut Dec 2012 #29
Not being a geographer; but ... 1StrongBlackMan Dec 2012 #4
Shared! Hell Hath No Fury Dec 2012 #7
I knew it was bad but this is outrageous.. Whoah...n/t monmouth3 Dec 2012 #8
Along those same lines watch the end credits from the Will Ferrell flick "The Other Guys": Initech Dec 2012 #9
Wow, very slick! CaliforniaPeggy Dec 2012 #17
Factor in their preferential tax treatment .. DemoTex Dec 2012 #10
YUP - they're definitely the job creators Mira Dec 2012 #11
American culture is based on the slave economy DaveJ Dec 2012 #12
Years ago I read that Akio Morita, the founder of Sony, hifiguy Dec 2012 #13
I worked for Sony for many years...that is true. MindPilot Dec 2012 #46
Wow!. No wonder I came home from Xmas shopping in a real 'down' mood. Paper Roses Dec 2012 #14
GOP response to graph lobodons Dec 2012 #15
This is a perfect setup nadinbrzezinski Dec 2012 #16
Good one! SalviaBlue Dec 2012 #18
Oh wow ismnotwasm Dec 2012 #19
I believe that! CaliforniaPeggy Dec 2012 #20
I had no idea it was this bad! The Wielding Truth Dec 2012 #21
But.. but.. but... 99Forever Dec 2012 #22
DURec leftstreet Dec 2012 #23
Thanks and posted on FB-->to go viral!! hue Dec 2012 #24
for people interested in the sourcing Enrique Dec 2012 #25
Thanks for the link! CaliforniaPeggy Dec 2012 #26
Thanks! Unsourced data makes me crazy... ReallyIAmAnOptimist Dec 2012 #49
Authentically shocking. Values?????? patrice Dec 2012 #27
I like it with music. Whovian Dec 2012 #28
I'm sorry.......I missed your post.... CaliforniaPeggy Dec 2012 #30
There needs to be a day of reckoning. Matariki Dec 2012 #31
I hate to harp on this texshelters Dec 2012 #32
Please see Post #34. CaliforniaPeggy Dec 2012 #36
Politifact fact-check: ProfessionalLeftist Dec 2012 #33
This is exaggerated... Here are the real figures: docgee Dec 2012 #34
Thank you........this does appear to be accurate. n/t CaliforniaPeggy Dec 2012 #35
Thanks for texshelters Dec 2012 #37
Great chart. jsr Dec 2012 #39
PolitFact Rating This as FALSE otohara Dec 2012 #40
Infuriating! K&R! gateley Dec 2012 #42
keeper. n/t James48 Dec 2012 #43
Post removed Post removed Dec 2012 #44
K&R. Very clear reason we need more revenue from the top. Overseas Dec 2012 #45
Remember this the next time someone tells you ... Ganja Ninja Dec 2012 #47
Exactly right. CaliforniaPeggy Dec 2012 #48

CaliforniaPeggy

(149,523 posts)
2. You're welcome, my dear Raster!
Wed Dec 5, 2012, 12:58 PM
Dec 2012

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.

rwsanders

(2,594 posts)
38. I remember a Nightline episode back in the early 90's when the ratio was closer to 50:1
Wed Dec 5, 2012, 08:10 PM
Dec 2012

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)
41. This disgraceful ratio is brought to you by a corrupt and venal Congress which has largely promoted
Wed Dec 5, 2012, 09:11 PM
Dec 2012

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.

TahitiNut

(71,611 posts)
29. I'd like to see Senior Executive pay ALL be after-tax ... like dividends.
Wed Dec 5, 2012, 02:43 PM
Dec 2012

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)
4. Not being a geographer; but ...
Wed Dec 5, 2012, 12:59 PM
Dec 2012

with the exceptions of Italy and Mexico, as one trends Westward, the gap increases.

CaliforniaPeggy

(149,523 posts)
17. Wow, very slick!
Wed Dec 5, 2012, 02:18 PM
Dec 2012

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)
10. Factor in their preferential tax treatment ..
Wed Dec 5, 2012, 01:51 PM
Dec 2012

.. and US CEOs make out like bandits.

(Oops! I forgot. They often ARE bandits!)

Mira

(22,380 posts)
11. YUP - they're definitely the job creators
Wed Dec 5, 2012, 01:53 PM
Dec 2012

utterly disgusting, heart breaking, country destroying situation

DaveJ

(5,023 posts)
12. American culture is based on the slave economy
Wed Dec 5, 2012, 02:07 PM
Dec 2012

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)
13. Years ago I read that Akio Morita, the founder of Sony,
Wed Dec 5, 2012, 02:13 PM
Dec 2012

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)
46. I worked for Sony for many years...that is true.
Thu Dec 6, 2012, 10:13 AM
Dec 2012

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)
14. Wow!. No wonder I came home from Xmas shopping in a real 'down' mood.
Wed Dec 5, 2012, 02:13 PM
Dec 2012

I can't spend on Christmas gifts what these folks probably spend on a dinner out.
Something is wrong here folks.

ismnotwasm

(41,965 posts)
19. Oh wow
Wed Dec 5, 2012, 02:22 PM
Dec 2012

That is awesome, thank you. I collect these things for wallpaper on my iPad--makes for interesting conversation

CaliforniaPeggy

(149,523 posts)
20. I believe that!
Wed Dec 5, 2012, 02:25 PM
Dec 2012

Oh, to be a fly on the wall in your house!

Or wherever you're having your conversations...

99Forever

(14,524 posts)
22. But.. but.. but...
Wed Dec 5, 2012, 02:32 PM
Dec 2012

.. they are the job creators and we are merely expenses that stifle the Holiest God of Profit.

49. Thanks! Unsourced data makes me crazy...
Thu Dec 6, 2012, 02:22 PM
Dec 2012

...I'd sure like to see some up to date reliable data in a similar chart though.

texshelters

(1,979 posts)
32. I hate to harp on this
Wed Dec 5, 2012, 03:23 PM
Dec 2012

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)
36. Please see Post #34.
Wed Dec 5, 2012, 05:19 PM
Dec 2012

The picture I took from Facebook had no attribution.

And it is certainly not too much to ask!

ProfessionalLeftist

(4,982 posts)
33. Politifact fact-check:
Wed Dec 5, 2012, 03:52 PM
Dec 2012

. . .

We located a scanned version of the paper on the Internet, and it did appear to be written by Prof. Mark Kroll. His institution wasn’t listed, but after some additional searching, we found that Kroll had been teaching at the Louisiana Tech College of Business in 2005 and that he is now the business dean at the University of Texas at Brownsville. But it turns out he didn’t write the paper after all.

"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 paper’s cover sheet fooled us -- as it fooled others -- because the professor’s 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/

Response to CaliforniaPeggy (Original post)

Ganja Ninja

(15,953 posts)
47. Remember this the next time someone tells you ...
Thu Dec 6, 2012, 10:32 AM
Dec 2012

American Business can't compete or when they start pissing and moaning about the corporate tax rate.

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