It’s well documented that CEO pay is an outrageous 300 to 400% times the average worker. After all, you can easily Google that “fact.” It’s
As I read Facebook and Twitter I am amazed at what people post as fact, what they share. I read some of it and my
We all know CEOs make hundreds of time what the average worker earns, right? We may think we know, but we often don’t. Why might
Some politicians are hell bent on eliminating billionaires and cutting CEO pay with the implication that all that money should be given to workers. While
Most of what you hear about CEO pay is bogus propaganda. First, it focuses not on the average CEO, but on a few select high rollers in companies where relatively few Americans are employed. Second, pay as criticized is not salary, but total compensation the bulk of which is some form of stock and/or the potential future value of retirement income. Next, CEO pay is an annual decision that can be changed quickly by the board of directors. The stock awards can even be taken back under certain circumstances.
The information they are talking about below is the executive salaries of Blue Shield of California . “We are paying these salaries with our