That's just base salary.
While base salary is an important factor when considering CEO wealth, it doesn't provide a full picture of their total compensation, according to the CCPA report.
this post was submitted on 02 Jan 2024
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Seems fair, they obviously work 246x harder than the average worker
Someone has to attend all those golf games and lunches, and the ordinary workers are too busy creating that sweet surplus value.
Joke's on my boss, he hires only negative value employees.
That's why your boss doesn't earn 246x more than the average worker.
Worker: .... you mean my work is 246x less than yours? ... great, I'll go hide in the warehouse and play COD for next six hours then take a two hour bathroom break before clocking out.
If they don't value workers or their work ... why should workers give any effort or enthusiasm to the company?
I have the sweet baby Ray's and the grill ready, whenever you guys are ready to go. I'm a vegetarian but I'll take a bite just to show my commitment.
Simp harder Vincent
One economist said studies like the one presented by the CCPA are "flawed."
"The only way you can arrive at this conclusion is that you're comparing oranges with apples," said Vincent Geloso, an assistant professor of economics at George Mason University in Virginia.
Geloso said reports like this fail to include other forms of employee compensation like benefits.
"People get more fringe benefits in the form of insurance, in the form of flexible hours. Things that employers pay for but aren't considered compensation. When you include them, and you include that instead of wages alone, you're getting a completely different portrait."
It's actually only 230x when you factor in benefits, so it's OK!
You gotta include benefits in the calculation, but totally ignore those stock options and other ways the rich hide their compensation.
Those are rookie numbers. You gotta pump those numbers up if you want to compete with the USA.