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3/21/2013 6:59:11 PM
7
If you are a good CEO who runs a successful business you should be paid a lot. I should know
English
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No, the disparity between a CEOs pay and a standard workers is not proportional to the amount of work they do.
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Salary isn't about utility or output, it's about the value of the work. A CEO is responsible for the entire company; Max pointed out that they make 380x the equivalent average hourly rate (since CEO's don't make hourly wages and that income included intangible assets like stocks and other investments)...that doesn't seem unreasonable to me. A company could easily lose an average employee, but if a company loses a CEO, their stock is pretty much guaranteed to drop, jobs will probably be cut, and the company is in a period of turmoil. The idea that a CEO is 380x more valuable than an average employee to a company is not absurd to me.
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Edited by B3ar: 3/21/2013 7:28:18 PMWrong time has nothing to do with it but the quality of the time is what matters. One individual in the bottom ranks maybe makes lets say like 50 units of a product/day so thats his worth to the company. CEO is responsible for every workers production so thatd be upwards of 100,000 units/day now who's worth more to the company. Just because someone works "hard" doesnt mean they deserve 60,000 to add a part to a machine lol.
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While CEOs may not be working the proportional hours to make their salaries comparable to their employees, but on average, CEOs make 380-times more than their average employee [note: not their lowest-paid employee]. There's no way that a CEO works 380-times harder than their average employee.
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Id hardly ever say that a ceo is managing everyone's time, they are more of someone to blame for the actions of the company. And the difference from an entry level, to ceo literally being 1000 fold is absurd.
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no it isn't. You don't know what your talking about
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Obviously you dont know either.
