Don't you think the pay structure of the CEO is unfair towards workers who work harder than CEO?

[escortsxxx]

A public company is privately owned. The "Public" refers ot the ABILITY of the public to buy the shares if they so choose. In this case the public consists of private individuals.

The term "Public company" refers to the fact that when a privately HELD company (i.e. not listed on a stock exchange) gets listed on a stock exchange, it is called a 'Public Offering'. It means that the shares are available to the public to buy, just like they can buy any other product or investment. But they are private owners, meaning not government.

If you buy shares in a public company, you are a private citizen. At that point YOU are involved in the company. The rest of the public is not involved, so it most assuredly is not everyone's business, any more than how the drycleaner decides to invest in a new dry cleaning machine is also not my or anyone else's business who are not owners of that same. business.

Public companies are required to disclose information and comply with securities regulations, as well of course with all sorts of other laws.

While there can be a confusion about public corps vs public comp. both are everyone business as they are as you say, in the public sphere. If one has a private company that robs is shareholders that only effects the shareholders. A public one, well , the enforcement or lack therefore effects all trades and the rule of law. It is everyone business in the way drunk driving is everyone business vs getting drunk and throwing up at home (which is private).

There are some cases of there a private company deals with the public that it becomes everyones business - private company doing goverment kidnapping contracts for example (Black Cube comes to mind)

 

[poker]

A public company is privately owned. The "Public" refers ot the ABILITY of the public to buy the shares if they so choose. In this case the public consists of private individuals.

The term "Public company" refers to the fact that when a privately HELD company (i.e. not listed on a stock exchange) gets listed on a stock exchange, it is called a 'Public Offering'. It means that the shares are available to the public to buy, just like they can buy any other product or investment. But they are private owners, meaning not government.

If you buy shares in a public company, you are a private citizen. At that point YOU are involved in the company. The rest of the public is not involved, so it most assuredly is not everyone's business, any more than how the drycleaner decides to invest in a new dry cleaning machine is also not my or anyone else's business who are not owners of that same. business.

Public companies are required to disclose information and comply with securities regulations, as well of course with all sorts of other laws.

But they still have to file public reports to exchanges. That information is what the public uses to decide whether to invest it in it or not.

I hope you feel better after explaining the obvious though.

 

[New World]

Everyday I read about a CEO who's making 200 million while his employees can barely survive. Who's idea was this to give these astroniomical amounts to one person and not across the board to all workers ? Why is society accepting this scam?

While I use to share your opinion - I no longer do. My career has taken me from small company to working for one of the world's largest fortune 500 technology firms as a Sales Executive.. Without a doubt in my mind most (in fortune 500 firms) CEO's work 12 to 15 hour days not to mention all the sacrifices they make. CEO's are responsible for all elements of the business from strategy to operating model to people. Like sales it's a never ending job but with enormous amount of pressure to perform to meet company and financial goals across the board.

 

[poker]

While I use to share your opinion - I no longer do. My career has taken me from small company to working for one of the world's largest fortune 500 technology firms as a Sales Executive.. Without a doubt in my mind most (in fortune 500 firms) CEO's work 12 to 15 hour days not to mention all the sacrifices they make. CEO's are responsible for all elements of the business from strategy to operating model to people. Like sales it's a never ending job but with enormous amount of pressure to perform to meet company and financial goals across the board.

Nobody said they don’t work hard….

So were CEO’s underpaid in the 70’s, or did they not work as hard back then?

And what are your thoughts on the hard working CEO’s that melted down the economy in 2008 and gave themselves bonuses? Am I to admire the 15 hour days they were putting in to accomplish that?

 

[New World]

Nobody said they don’t work hard….

So were CEO’s underpaid in the 70’s, or did they not work as hard back then?

And what are your thoughts on the hard working CEO’s that melted down the economy in 2008 and gave themselves bonuses? Am I to admire the 15 hour days they were putting in to accomplish that?

I cant comment about the 70's as I was not alive then. I have no issue with CEO's like Dick Fuld going to jail for there actions circa 2008 financial crisis.

My example was more directed to CEO's like Mark Hurd who grew HP from $80billion to $120billion in revenue in (2005- 2010) 5 years under his leadership. Not to mention the 320k (me being one of them) people who worked at HP.

 

[escortsxxx]

Nobody said they don’t work hard….

So were CEO’s underpaid in the 70’s, or did they not work as hard back then?

And what are your thoughts on the hard working CEO’s that melted down the economy in 2008 and gave themselves bonuses? Am I to admire the 15 hour days they were putting in to accomplish that?

A best a person is worth 20 times the most basic work. So if min wage is 15 an hour the TOP wage one deserves for any profession is 300 - you could ad a few things for overhead - doctors wages for example include personal overhead for staff and what not - but the end wage max is 300 bucks minus expenses. No one is worth more than 20 times the bottom. if you work 15 hours a day 7 days a week (which means your NOT worth top dollar as its been proven that people do a bad job worked so hard that's about `100 hours a week or 30 k a week or 1500 k a year or 1500 000 that is 1.5 million a year the most anyone is "worth" if they work there ass off. Any profits after that are luck based on mass production or other luck elements.

Supply and demand obviously plays a role but why does one music artist desevere 10 bucks pers song before and now a few pennies now on Spottily? Luck - the only smart move now is NOT to get into music become a plumber instead or better yet a stock broker..

The Rocket one of the best players in Hockey made about minimum wage in hockey - too low. The worst current player makes 100 times more.

 

[poker]

I cant comment about the 70's as I was alive then. I have no issue with CEO's like Dick Fuld going to jail for there actions circa 2008 financial crisis.

My example was more directed to CEO's like Mark Hurd who grew HP from $80billion to $120billion in revenue in (2005- 2010) 5 years under his leadership. Not to mention the 320k (me being one of them) people who worked at HP.

You could make a great case for Jack Welch too… He was one of kind.

My issue is, most CEO’s believe they are of Jack Welch quality. In my opinion…. Most aren’t. Wall Street has a gambling addiction, and I think it’s fairly obvious the Fed has propped up the markets for almost 2 decades.

As for HP…. Selling ink is profitable. One of the reasons I print as little as possible and am almost exclusively digital.

 

[shack]

Nobody said they don’t work hard….

Ironic comment.

That's what the title of the thread said. OP says that CEOs don't work as hard as their workers.

 

[barnacler]

But they still have to file public reports to exchanges. That information is what the public uses to decide whether to invest it in it or not.

I hope you feel better after explaining the obvious though.

Exactly. The information is there, you take it or leave it.

The point is, if you leave it (i.e. you don't buy the shares) then its none of your business what they pay anyone.

 

[barnacler]

While there can be a confusion about public corps vs public comp. both are everyone business as they are as you say, in the public sphere. If one has a private company that robs is shareholders that only effects the shareholders. A public one, well , the enforcement or lack therefore effects all trades and the rule of law. It is everyone business in the way drunk driving is everyone business vs getting drunk and throwing up at home (which is private).

There are some cases of there a private company deals with the public that it becomes everyones business - private company doing goverment kidnapping contracts for example (Black Cube comes to mind)

No, I am afraid that you don't get it.

It is a publicly LISTED company. Which means anyone can buy the shares. it doesn't mean that everyone owns the shares - they don't.

It is not everyone's business what a CEO is paid, because THEY AREN'T PAYING it unless they are shareholders.

All the other stuff has to do with following laws. The thread is about CEO compensation, not kidnapping or whatever else you mentioned.

 

[Darts]

The only people, besides shareholders, who might care would be clients and suppliers of the company, and of course the various governments.

 

[escortsxxx]

The only people, besides shareholders, who might care would be clients and suppliers of the company, and of course the various governments.

That like saying the only people who care about what the police are up to are criminals and lawyers, and those who have been victims of crimes.

Both are covered by the press and if the press is doing its job we don't have to keep track of the day to day proper operations - we focus on the errors - (see further reading)


A public company is in the public marketplace. ANYONE who has money in there pocket should care what they are up too. I know the average person prefers dictatorship with an occasional fake vote at the ballot box but democracy and the duties it entails are far more than minding your own business and keeping your head down - but there is a reason many tie Locke's and Smiths political and economic writings on democracy and capitalism together since "the invisible hand" only works in an open and free system where secrets are at a minimum. This board is testament to that philosophy.

Further reading

The disturbing rise of the corporate mercenaries

It’s not too late to rein in these unaccountable armed giants, but we need to act fast

www.opendemocracy.net

 

[barnacler]

That like saying the only people who care about what the police are up to are criminals and lawyers, and those who have been victims of crimes.

Both are covered by the press and if the press is doing its job we don't have to keep track of the day to day proper operations - we focus on the errors - (see further reading)


A public company is in the public marketplace. ANYONE who has money in there pocket should care what they are up too. I know the average person prefers dictatorship with an occasional fake vote at the ballot box but democracy and the duties it entails are far more than minding your own business and keeping your head down - but there is a reason many tie Locke's and Smiths political and economic writings on democracy and capitalism together since "the invisible hand" only works in an open and free system where secrets are at a minimum. This board is testament to that philosophy.

Further reading

The disturbing rise of the corporate mercenaries

It’s not too late to rein in these unaccountable armed giants, but we need to act fast

www.opendemocracy.net

The analogy with the police is a poor one.

The police are part of the apparatus of government. Corporations are not.

Corporations and the public interact on a VOLUNTARY basis.

Getting upset that a corporate CEO is paid $50 million is no different than complaining that a Hermes Bag is $10,000. In both cases you are not obliged to do business with that company. Just don't buy the bags, if you think they are too expensive, and don't buy the shares if you think the CEO is too expensive.

And your discussion about democracy and secrecy - who said anything about secrecy? I didn't. I want to know what kind of leather the Hermes Bag is made of , and I want to know the CEO compensation before I buy the shares. Then I make my choice.

BTW, the pillar of both democracy and Capitalism is PRIVATE property. Without that no freedom is possible.

What do you have against corporate mercenaries?

A mercenary is some type of professional soldier who offers their services for financial reward, with little or no thought for loyalty or patriotism - patriotism been know as 'love of country'.

Aren't sex workers mercenaries too? They offer their services for financial reward, again, with no thought of love or loyalty. Not criticizing in any way, I am just saying that an escort risks hypocrisy shunning a fellow professional engaged in such a similar line of work.

 

[pusher69]

No, I am afraid that you don't get it.

It is a publicly LISTED company. Which means anyone can buy the shares. it doesn't mean that everyone owns the shares - they don't.

It is not everyone's business what a CEO is paid, because THEY AREN'T PAYING it unless they are shareholders.

All the other stuff has to do with following laws. The thread is about CEO compensation, not kidnapping or whatever else you mentioned.

Here are the terms:
Private sector = Non Government
Public sector = Government

Private Company = Only the company and CRA/IRS knows the financial position of the company.
Public Company = Stocks (ownership) is traded on an exchange, financial records/position is made available to any investor or non-investor, CEO and high ranking executives salaries and total compensation are made public on the annual reports as investors have the right to know who earnings are being distributed.

This case of the $200MM CEO, he owns the company and has majority shares so he can set his salary and stock options to hit his $200MM.
Most CEO take on less salary and more stock options to defer taxes or pay as little as possible in annual taxes via creative tax accounting

 

[jalimon]

Mckenzie Bezos (ex of Bezos) gave away 12 billions to charity in the past 2 years. Yet her portfolio still went up by about 22 billions. She can't give away money fast enough

 

[Darts]

Aren't sex workers mercenaries too? They offer their services for financial reward, again, with no thought of love or loyalty.

And lawyers, NHL hockey players, plumbers, HVAC guys and the list goes on.

Private companies who do business with the public should be subject to some degree of public scrutiny and accountability.

 

[escortsxxx]

The analogy with the police is a poor one.

The police are part of the apparatus of government. Corporations are not.

Corporations and the public interact on a VOLUNTARY basis.

Getting upset that a corporate CEO is paid $50 million is no different than complaining that a Hermes Bag is $10,000. In both cases you are not obliged to do business with that company. Just don't buy the bags, if you think they are too expensive, and don't buy the shares if you think the CEO is too expensive.

And your discussion about democracy and secrecy - who said anything about secrecy? I didn't. I want to know what kind of leather the Hermes Bag is made of , and I want to know the CEO compensation before I buy the shares. Then I make my choice.

BTW, the pillar of both democracy and Capitalism is PRIVATE property. Without that no freedom is possible.

What do you have against corporate mercenaries?

A mercenary is some type of professional soldier who offers their services for financial reward, with little or no thought for loyalty or patriotism - patriotism been know as 'love of country'.

Aren't sex workers mercenaries too? They offer their services for financial reward, again, with no thought of love or loyalty. Not criticizing in any way, I am just saying that an escort risks hypocrisy shunning a fellow professional engaged in such a similar line of work.

Defining anyone who does x as a "mercenary" might be poetic but in discussions it is known as a logical fallacy - an obfuscation - confusing one topic with another.

The concern about Mercenaries have been discussed since Xerxes times and a case against them is put well in the Prince - but from a modern democratic point of view the dangers are great - the monopoly of force being outsourced along with property rights. What next private courts?

 

[moredale7]

I hire a CEO who wants $250,00 a year and he generates $500,000 in revenue

I hire a CEO who wants $5,000,000 a year and he generates $23,750,000 dollars

Who would you hire?

Mic drop.

 

[escortsxxx]

I hire a CEO who wants $250,00 a year and he generates $500,000 in revenue

I hire a CEO who wants $5,000,000 a year and he generates $23,750,000 dollars

Who would you hire?

Mic drop.

Why not hire a lady for 300 that generates 3 billion? CEO don't "generate" money. They mange existing properites. Trump consistenly loses money when put in charge of projects so that is a case NOT to hire him. Sure, if a CEO consistenly out performs expectations like Kathleen Kennedy of Star Wars fame you might give them a huge bonus, so compensation could, but rarely is, tied to performance. Kennedy despite her large pay check is believed to have destroyed an existing money maker rather than improve though her bad performance still has made millions - but who could fail at her job ? Apparently she can.

 

[Damnthealiens]

Considering the fact that they usually have to be in work mode 24x7 and that their decisions will potentially impact the lives of thousands of workers I think it’s fair. You can only ask for higher accountability if there are higher rewards. 200 million though is ridiculous