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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/
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
Latest Discussions»General Discussion»A great and serious graph...»Reply #33