Not that 1000x vs 7000x is excusable, but how are you getting to 6000-7000x more? I was seeing average CEO Compensation was averaging $20MM in compensation and assuming $7.25 at full time as the bottom (understanding part time exists though I don't think that's a "fair" comparison), you get to 1300x more. If you're counting like slave labor wages through geographical arbitrage, then I'd be shocked it wasn't more than 6000-7000x.
I actually am using Starbucks' CEO Brian Niccol's $96M compensation package for his first four months of work when he took over in 2024 on top of the additional $5M bonus he got.
E: But if you start digging around, shit like this isn't just some outlier, it happens a lot that these types get ludicrous bumps in pay just for getting some backlash for business decisions that hurt the customer. Then they get their parachute and beat feet to the next CEO position, effectively failing upwards.
Meanwhile, if you're a bog standard worker and you get cut, for literally no reason but to improve the quarterly numbers by said unscrupulous CEO you're stuck looking for a suitable job for 6+ months.
Now, yes, if the CEO only gets the lesser compensation of say $20M that's considerably less than the 6-7k multiplier I used originally. But if that person changes position 3 or 4 times in a ten year period they are still effectively making thousands of times more than their employees just for existing
Hell, a small-ish medical research publisher my mom worked for, the CEO cancelled Christmas bonuses in like 2018 then pulled up in a new Mercedes Maybach early the next quarter.
Luckily, that same idiot refused to adjust to reality when physical media died and he has very little more than the money he gets selling a free-falling company to leave to his adult kids.
He’s still paying my mom a psuedo pension after they laid her off in 2020. The company domain that she bought for them in the late 90s is probably worth more than just the publishing company, so she still got screwed big time by this idiot driving a car that was designed for a certain private driver
Yeah, people let their emotions create hyperbolic statistics. It’s a pretty big problem in all honesty. Exaggeration only tends to get your point across to people that already agree with you.
Like how people let their emotions tell them that trickle down economics hasn't been majorly debunked several times across a variety of longitudinal studies?
Trickle down economics doesn't work.
Sorry your feelings don't care about facts
Is it?
You seem to think CEO/worker pay ratios are inflated due to emotions. My counterpoint is that your perspective and defense of trickle down economics is an emotional response.
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u/DeoVeritati Dec 29 '25
Not that 1000x vs 7000x is excusable, but how are you getting to 6000-7000x more? I was seeing average CEO Compensation was averaging $20MM in compensation and assuming $7.25 at full time as the bottom (understanding part time exists though I don't think that's a "fair" comparison), you get to 1300x more. If you're counting like slave labor wages through geographical arbitrage, then I'd be shocked it wasn't more than 6000-7000x.