(10-27-2013 10:07 PM)dmacfour Wrote:  

(10-27-2013 10:05 PM)nomad2u2001 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  

(10-27-2013 10:00 PM)nomad2u2001 Wrote:  

(10-27-2013 09:57 PM)dmacfour Wrote:  Reducing the massive (and increasing) gap between rich members of society and everyone else without turning to socialism.

I guess that could happen. I just think it's either going to lead to "we'll keep paying our CEOs the way we like while sending jobs overseas" or "we'll lower CEO pay, while sending jobs overseas."

I don't see how CEO pay is related to jobs overseas.

It's not. But to me the "social change" of CEO pay won't help with the bigger issue at hand.

Sure, but that's something that should be discussed in a different thread. This problem isn't reduced by the existence of a bigger problem.

Is it that big of a problem? I guess it depends on who you ask.

(10-27-2013 10:10 PM)nomad2u2001 Wrote:  

(10-27-2013 10:07 PM)dmacfour Wrote:  

(10-27-2013 10:05 PM)nomad2u2001 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  

(10-27-2013 10:00 PM)nomad2u2001 Wrote:  I guess that could happen. I just think it's either going to lead to "we'll keep paying our CEOs the way we like while sending jobs overseas" or "we'll lower CEO pay, while sending jobs overseas."

I don't see how CEO pay is related to jobs overseas.

It's not. But to me the "social change" of CEO pay won't help with the bigger issue at hand.

Sure, but that's something that should be discussed in a different thread. This problem isn't reduced by the existence of a bigger problem.

Is it that big of a problem? I guess it depends on who you ask.

If history repeats itself, it is a big problem.

(10-27-2013 10:08 PM)dmacfour Wrote:  

(10-27-2013 10:06 PM)smn1256 Wrote:  

(10-27-2013 10:04 PM)dmacfour Wrote:  

(10-27-2013 10:01 PM)smn1256 Wrote:  

(10-27-2013 09:59 PM)dmacfour Wrote:  350 to 1 is the average. That's a lot more than a congressman makes regardless of the companies median pay.

Take out the relatively few mega buck CEOs and that average goes down substantially, quite possibly to what a congressman makes.

That's speculation. You could take out the outliers on the low end too. The average could be exactly the same.

So you think there are the same amount of low paid CEOs as there are mega buck CEOs? Really?

How about if we go with the mean CEO salary and see what we come up with?

Average = mean.

Nope. Not even close.

(10-27-2013 10:02 PM)dmacfour Wrote:  I don't see how CEO pay is related to jobs overseas.

Seriously?

(10-27-2013 10:11 PM)smn1256 Wrote:  

(10-27-2013 10:08 PM)dmacfour Wrote:  

(10-27-2013 10:06 PM)smn1256 Wrote:  

(10-27-2013 10:04 PM)dmacfour Wrote:  

(10-27-2013 10:01 PM)smn1256 Wrote:  Take out the relatively few mega buck CEOs and that average goes down substantially, quite possibly to what a congressman makes.

That's speculation. You could take out the outliers on the low end too. The average could be exactly the same.

So you think there are the same amount of low paid CEOs as there are mega buck CEOs? Really?

How about if we go with the mean CEO salary and see what we come up with?

Average = mean.

Nope. Not even close.

"In colloquial language average usually means the sum of a list of numbers divided by the size of the list, in other words the arithmetic mean."

(10-27-2013 10:13 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  I don't see how CEO pay is related to jobs overseas.

Seriously?

Seriously. How is the pay of one man going to stop a corporation from sending jobs overseas? It's doesn't seem connected at all.

(10-27-2013 10:05 PM)nomad2u2001 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  I don't see how CEO pay is related to jobs overseas.

It's not. But to me the "social change" of CEO pay won't help with the bigger issue at hand.

Actually, it is.

(10-27-2013 10:15 PM)dmacfour Wrote:  

(10-27-2013 10:13 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  I don't see how CEO pay is related to jobs overseas.

Seriously?

Seriously. How is the pay of one man going to stop a corporation from sending jobs overseas?

When sending jobs overseas is a way to increase that pay, then yes, there is a strong relationship.

(10-27-2013 10:14 PM)dmacfour Wrote:  

(10-27-2013 10:11 PM)smn1256 Wrote:  

(10-27-2013 10:08 PM)dmacfour Wrote:  

(10-27-2013 10:06 PM)smn1256 Wrote:  

(10-27-2013 10:04 PM)dmacfour Wrote:  That's speculation. You could take out the outliers on the low end too. The average could be exactly the same.

So you think there are the same amount of low paid CEOs as there are mega buck CEOs? Really?

How about if we go with the mean CEO salary and see what we come up with?

Average = mean.

Nope. Not even close.

"In colloquial language average usually means the sum of a list of numbers divided by the size of the list, in other words the arithmetic mean."

Mean = the middle number.

If we have 100 CEOs making $100k and 99 CEOs making $50,000,000, the mean number is the 100th CEO who makes $100k.

(10-27-2013 10:16 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:15 PM)dmacfour Wrote:  

(10-27-2013 10:13 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  I don't see how CEO pay is related to jobs overseas.

Seriously?

Seriously. How is the pay of one man going to stop a corporation from sending jobs overseas?

When sending jobs overseas is a way to increase that pay, then yes, there is a strong relationship.

So how does that connection relate to very high salaries? It seems as if it still paints higher salaries in a bad light.m

(10-27-2013 10:18 PM)smn1256 Wrote:  

(10-27-2013 10:14 PM)dmacfour Wrote:  

(10-27-2013 10:11 PM)smn1256 Wrote:  

(10-27-2013 10:08 PM)dmacfour Wrote:  

(10-27-2013 10:06 PM)smn1256 Wrote:  So you think there are the same amount of low paid CEOs as there are mega buck CEOs? Really?

How about if we go with the mean CEO salary and see what we come up with?

Average = mean.

Nope. Not even close.

"In colloquial language average usually means the sum of a list of numbers divided by the size of the list, in other words the arithmetic mean."

Mean = the middle number.

If we have 100 CEOs making $100k and 99 CEOs making $50,000,000, the mean number is the 100th CEO who makes $100k.

You're thinking of median.

(10-27-2013 10:19 PM)dmacfour Wrote:  

(10-27-2013 10:16 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:15 PM)dmacfour Wrote:  

(10-27-2013 10:13 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:02 PM)dmacfour Wrote:  I don't see how CEO pay is related to jobs overseas.

Seriously?

Seriously. How is the pay of one man going to stop a corporation from sending jobs overseas?

When sending jobs overseas is a way to increase that pay, then yes, there is a strong relationship.

So how does that connection relate to very high salaries? It seems as if it still paints higher salaries in a bad light.m

Wouldn't you pay someone a lot of money if he made you a lot of money? The CEO gets his widgets made in China where labor is cheaper and his widgets are more profitable. The company makes money, the shareholders make money, and they thank the CEO by paying him more.

I still don't care what someone else makes.

(10-27-2013 10:21 PM)dmacfour Wrote:  

(10-27-2013 10:18 PM)smn1256 Wrote:  

(10-27-2013 10:14 PM)dmacfour Wrote:  

(10-27-2013 10:11 PM)smn1256 Wrote:  

(10-27-2013 10:08 PM)dmacfour Wrote:  Average = mean.

Nope. Not even close.

"In colloquial language average usually means the sum of a list of numbers divided by the size of the list, in other words the arithmetic mean."

Mean = the middle number.

If we have 100 CEOs making $100k and 99 CEOs making $50,000,000, the mean number is the 100th CEO who makes $100k.

I think you're thinking of median.

You're 100% right. Brain fart while wathing the Vikings take a beating.

Ok, so let's go with the median CEO pay.

(10-27-2013 10:22 PM)smn1256 Wrote:  

(10-27-2013 10:19 PM)dmacfour Wrote:  

(10-27-2013 10:16 PM)Owl 69/70/75 Wrote:  

(10-27-2013 10:15 PM)dmacfour Wrote:  

(10-27-2013 10:13 PM)Owl 69/70/75 Wrote:  Seriously?

Seriously. How is the pay of one man going to stop a corporation from sending jobs overseas?

When sending jobs overseas is a way to increase that pay, then yes, there is a strong relationship.

So how does that connection relate to very high salaries? It seems as if it still paints higher salaries in a bad light.m

Wouldn't you pay someone a lot of money if he made you a lot of money? The CEO gets his widgets made in China where labor is cheaper and his widgets are more profitable. The company makes money, the shareholders make money, and they thank the CEO by paying him more.

It's already been discussed that there isn't necessarily a relationship between CEO pay and success.

(10-27-2013 10:23 PM)smn1256 Wrote:  

(10-27-2013 10:21 PM)dmacfour Wrote:  

(10-27-2013 10:18 PM)smn1256 Wrote:  

(10-27-2013 10:14 PM)dmacfour Wrote:  

(10-27-2013 10:11 PM)smn1256 Wrote:  Nope. Not even close.

"In colloquial language average usually means the sum of a list of numbers divided by the size of the list, in other words the arithmetic mean."

Mean = the middle number.

If we have 100 CEOs making $100k and 99 CEOs making $50,000,000, the mean number is the 100th CEO who makes $100k.

I think you're thinking of median.

You're 100% right. Brain fart while wathing the Vikings take a beating.

Ok, so let's go with the median CEO pay.

Good, Aaron Rogers is the only good thing about my fantasy team at the moment.

Median is probably a better indicator if there are extreme outliers.

Quote:The point is that this is a case where a little bit of awareness could spur social change

Social change? Businesses aren't primarily worried about Social change. Good grief... why do we go through this argument every so often.

Go create your own business, make billions of dollars by doing so successfully, and then earn those millions of dollars in pay and stock options. And if you want to give away your income to your workers, go right ahead...

(10-27-2013 10:24 PM)dmacfour Wrote:  It's already been discussed that there isn't necessarily a relationship between CEO pay and success.

But that doesn't change the CEO decision model. He may not succeed in making the company more profitable, but in most cases that's the objective he is trying to achieve.

I thought obsenity was subjective?

(10-27-2013 10:31 PM)DaSaintFan Wrote:  

Quote:The point is that this is a case where a little bit of awareness could spur social change

Social change? Businesses aren't primarily worried about Social change. Good grief... why do we go through this argument every so often.

Go create your own business, make billions of dollars by doing so successfully, and then earn those millions of dollars in pay and stock options. And if you want to give away your income to your workers, go right ahead...

I think that's the point. It'd be a desirable outcome if more CEO's wanted to do this. There are more reasons to support this than just ethics.