Chef Jim Posted October 24, 2013 Share Posted October 24, 2013 well, you could account for the average length of career, shortened life expectancy, unpaid on the job training (college sports) and reasonably conclude that you are comparing apples and mangoes. Well seeing this is a sports based site I used athletes. How come no one bitches about actors making $20mil a movie? Oh that's right, most actors are libs and not evil neo-cons like most CEO's Oh and shortened life expectancy? Link to comment Share on other sites More sharing options...
birdog1960 Posted October 24, 2013 Share Posted October 24, 2013 Well seeing this is a sports based site I used athletes. How come no one bitches about actors making $20mil a movie? Oh that's right, most actors are libs and not evil neo-cons like most CEO's Oh and shortened life expectancy? there is available contradictory data but i'll wait for this http://www.bostonglobe.com/metro/2013/01/29/nfl-players-union-and-harvard-team-landmark-study-football-injuries-and-illness/YTbnGypzJXb1VkZSr1hbdP/story.html to make a better judgement on the issue. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 24, 2013 Share Posted October 24, 2013 there is available contradictory data but i'll wait for this http://www.bostonglo...hbdP/story.html to make a better judgement on the issue. Where did I specifically refer to the NFL? Link to comment Share on other sites More sharing options...
DC Tom Posted October 24, 2013 Share Posted October 24, 2013 It never ceases to amaze me that people will come over here a B word to high heaven about a CEO who make 100x's more than the average worker that wouldn't have a job had their company not gone out and found the best CEO. But they cheer on a 25 year old athlete making 100x's more that the Joe Sixpack that pays their salary. The hypocrisy of the left raises it's ugly head again. People don't even understand what it means to say a CEO "makes" 100x more than the "average worker". Jamie Dimon "made" $18M last year...$16M of it he won't see until 2015. People who B word about "CEO salaries" might want to understand how CEOs are paid first. And the median CEO salary in the US is $750K. Median US household income is $55k. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 24, 2013 Share Posted October 24, 2013 (edited) People don't even understand what it means to say a CEO "makes" 100x more than the "average worker". Jamie Dimon "made" $18M last year...$16M of it he won't see until 2015. People who B word about "CEO salaries" might want to understand how CEOs are paid first. And the median CEO salary in the US is $750K. Median US household income is $55k. The BOD is always telling the CEO of our company to pay himself more. He still lives in the "starter home" he and his wife bought over 15 years ago. He was interviewed in the Orange County Register and they asked him why. He said because he grew up in a house like that. Evil I tell you. They're all evil!! Edited October 24, 2013 by Chef Jim Link to comment Share on other sites More sharing options...
3rdnlng Posted October 24, 2013 Share Posted October 24, 2013 well, you could account for the average length of career, shortened life expectancy, unpaid on the job training (college sports) and reasonably conclude that you are comparing apples and mangoes. So a college education and a degree isn't worth anything? Link to comment Share on other sites More sharing options...
GG Posted October 24, 2013 Share Posted October 24, 2013 i believe he's referring to one of demming's quality principles. i also believe the number is that historically 20X the lowest workers salary is thought to be the most efficient business model to maximize profits. isn't that what businesses and stockholders should most desire? Link and context to the oft-misused quote? Link to comment Share on other sites More sharing options...
birdog1960 Posted October 24, 2013 Share Posted October 24, 2013 So a college education and a degree isn't worth anything? how many get sellable degrees? pretty difficult to do chem engineering in 4 years on a d1 football scholarship. Link and context to the oft-misused quote? reference is made in the wash post article i linked including his revised ratio of 25:1. for more, search drucker,peter. Link to comment Share on other sites More sharing options...
Tiberius Posted October 24, 2013 Share Posted October 24, 2013 Link and context to the oft-misused quote? Reason you want link, other than to simply be a butt head. So are you saying its not true or not? Why be so lazy, state your opinion doofus. Link to comment Share on other sites More sharing options...
GG Posted October 24, 2013 Share Posted October 24, 2013 reference is made in the wash post article i linked including his revised ratio of 25:1. for more, search drucker,peter. I asked you to provide the reference and context, not for you to tell me to research it. I am aware of the oft-misapplied thesis. Do you understand the accounting numbers that go into executive compensation figures? Is it fair to compare compensation schemes of Drucker's time to now? Do you understand what happened in between? Link to comment Share on other sites More sharing options...
Chef Jim Posted October 24, 2013 Share Posted October 24, 2013 how many get sellable degrees? pretty difficult to do chem engineering in 4 years on a d1 football scholarship. The degree doesn't need to be sellable only the person with a/any degree needs to sell themselves. And you do realize there is a limit to the amout of time spent on football activities. And no one has ever worked a job while acquiring a four year degree. Link to comment Share on other sites More sharing options...
Dorkington Posted October 24, 2013 Share Posted October 24, 2013 (edited) Well seeing this is a sports based site I used athletes. How come no one bitches about actors making $20mil a movie? Oh that's right, most actors are libs and not evil neo-cons like most CEO's I think Athlete and Actor salaries are problematic (at the extremes). I also think extreme income inequality (as is happening in the US) is problematic. I think it should be reeled in some how (pros and cons for every solution). I do not support full socialism, though. It's too bad that there seems to be no room for "middle ground" in these discussions. I do support minimum wage being increased to a "living wage". Though, it'd need to be relative to your location, either State or County. Yes, I'm aware that'd make the price of Big Macs go up $0.50, but I think that's a small price to pay for better quality of life on the low end of the pay scale (not to mention they'd have more money to put into the system, so the CEOs everyone cares about could make more profits). Edited October 24, 2013 by Dorkington Link to comment Share on other sites More sharing options...
Gary M Posted October 24, 2013 Author Share Posted October 24, 2013 I think Athlete and Actor salaries are problematic (at the extremes). I also think extreme income inequality (as is happening in the US) is problematic. I think it should be reeled in some how (pros and cons for every solution). I do not support full socialism, though. Slippery slope. Life is not fair. But that doesn't mean you should not put forth your best effort And yes some people will still fall short, so we need charities. You can not legislate away poverty,(see US social spending over the last 40+ years) however the poor would be better off if less people(able bodied) abused the system. Link to comment Share on other sites More sharing options...
IDBillzFan Posted October 24, 2013 Share Posted October 24, 2013 I think Athlete and Actor salaries are problematic (at the extremes). I also think extreme income inequality (as is happening in the US) is problematic. I think it should be reeled in some how (pros and cons for every solution). I do not support full socialism, though. It's too bad that there seems to be no room for "middle ground" in these discussions. I do support minimum wage being increased to a "living wage". Though, it'd need to be relative to your location, either State or County. Yes, I'm aware that'd make the price of Big Macs go up $0.50, but I think that's a small price to pay for better quality of life on the low end of the pay scale (not to mention they'd have more money to put into the system, so the CEOs everyone cares about could make more profits). The problem with folks who don't support 'full socialism' is they still support socialism, and the simple fact that is lost on such folks is that there is a significant reason why many people are CEOs of companies providing jobs to thousands, and many others are simply people work for the CEOs. The inability to track the reasoning for the differences is what pokes a hole in the idea of "Well, we need to make things more fair." I would also argue that if the CEOs thought raising their employees' wages would increase their profits, wouldn't they...y'know...be raising their wages? While I appreciate your thinking, it is ridiculously flawed. Focus on why some are eagles and some are ducks, and you'll stop thinking that more money to man a microwave to heat up a burger is a win-win for everyone. Link to comment Share on other sites More sharing options...
Jauronimo Posted October 24, 2013 Share Posted October 24, 2013 I think Athlete and Actor salaries are problematic (at the extremes). I also think extreme income inequality (as is happening in the US) is problematic. I think it should be reeled in some how (pros and cons for every solution). I do not support full socialism, though. It's too bad that there seems to be no room for "middle ground" in these discussions. I do support minimum wage being increased to a "living wage". Though, it'd need to be relative to your location, either State or County. Yes, I'm aware that'd make the price of Big Macs go up $0.50, but I think that's a small price to pay for better quality of life on the low end of the pay scale (not to mention they'd have more money to put into the system, so the CEOs everyone cares about could make more profits). There's plenty of middle ground on every issue. But that ground exists between well argued and rational points, not between a point and a wish. Income equality doesn't strike me as a bad thing if its the result of functioning free markets. When equality is mandated based on some bull **** notion of social justice, or simply because its "fair" by some skewed definition, you can pretty much guarantee that total wealth will decline. Since wealth isn't capped and I have yet to see any compelling evidence that the rich take more at the expense of the rest, I can't say that income inequality is even a problem. Link to comment Share on other sites More sharing options...
Koko78 Posted October 24, 2013 Share Posted October 24, 2013 Well seeing this is a sports based site I used athletes. How come no one bitches about actors making $20mil a movie? Oh that's right, most actors are libs and not evil neo-cons like most CEO's Oh and shortened life expectancy? Perhaps movie stars should be limited to 20x scale. Link to comment Share on other sites More sharing options...
Tiberius Posted October 24, 2013 Share Posted October 24, 2013 Perhaps movie stars should be limited to 20x scale. I'd rather have higher rates of taxation and use the money to create government jobs with higher wages, then we would n't have to limit anyones pay, we can have my big government just take back a fairer share Link to comment Share on other sites More sharing options...
DC Tom Posted October 24, 2013 Share Posted October 24, 2013 I'd rather have higher rates of taxation and use the money to create government jobs with higher wages, then we would n't have to limit anyones pay, we can have my big government just take back a fairer share You suck at trolling. You're really, REALLY bad at it. Link to comment Share on other sites More sharing options...
Tiberius Posted October 24, 2013 Share Posted October 24, 2013 You suck at trolling. You're really, REALLY bad at it. That's why I don't do it Link to comment Share on other sites More sharing options...
DC Tom Posted October 24, 2013 Share Posted October 24, 2013 That's why I don't do it Oh, okay. You really, REALLY suck at reality, then. Link to comment Share on other sites More sharing options...
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