Why are people so upset over CEOs salary?

[Anonymous]

Why are you ok with it, OP? I have yet to hear an argument to justify exorbitant ceo pay that holds any water. We know these people aren’t magicians. They too squat to take a shit.ive worked as a speechwriter/ghost writer to CEOs, and I can tell you that many have barely a marble rolling around up there. Meanwhile everyone fawns around, doing everything for them. The way companies enable their executives to carry on like spoiled toddlers is truly sickening to behold.

[Anonymous]

because people are weak and like playing the victim card (aside that's basically the entire playbook of the democrats)

The path to CEO is easy make work your life and you will eventually get there

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let’s say you make 50k a year and your boss makes 100k a year. In 10 years you make 65k a year and he makes 3.5 million dollars a year. That’s what happened to CEO pay in relation to employee wages.

Still doesn’t change the fact that if he made zero dollars, the savings wouldn’t be there for that number of customers. Even if he made just $250k, the savings per customer would only be $3 and some change. Even if none of the top executives made any money, and let’s say the company saved 1 billion, the customer would only be saving about $4.50. Would you notice or care about $4.50? What if nobody at all made any salary at BC, and you saved $15. Would you be happy? You wouldn’t even notice!

But you know who WOULD notice? All the underpaid peons at Blue Cross. Lower his pay to something less insane and give them a nice raise. And get me a better price on freakin Epipens!

+1 +1 OP, you're being deliberately dense. The Blue Cross guy makes $19 million which if we take your assumption that there are 6 million blue cross customers in a particular state, works out to 3.2$/customer.
My value system is such that I would much rather that the $19 million was used to give 10,000 Blue Cross workers a $1,900 raise. Money is fungible you know.

This is OP and this does make sense. I was being very dichotomous.

[Anonymous]

Anonymous wrote:Why are you ok with it, OP? I have yet to hear an argument to justify exorbitant ceo pay that holds any water. We know these people aren’t magicians. They too squat to take a shit.ive worked as a speechwriter/ghost writer to CEOs, and I can tell you that many have barely a marble rolling around up there. Meanwhile everyone fawns around, doing everything for them. The way companies enable their executives to carry on like spoiled toddlers is truly sickening to behold.

instead of crying like a baby people should be asking for higher raises at work. More power to CEOs for negotiating their compensation packages

[Anonymous]

Some of us view insurance companies as an unnecessary and expensive layer of the healthcare industry. They see other countries with better and cheaper healthcare that do not have money harvesting insurance companies.

They know the system is rigged against them to keep the rich ever richer. $19 million this year? I'm sure he's already building a case with the board to show how badly underpaid he is.

[Anonymous]

Anonymous wrote:Wages for CEO’s have accelerated and Compared to wages earned by regular workers, it has gone up much faster.

Yes, this

And of course you can come up with a small number like $3 if you are dividing by SIX MILLION!

Dumb post OP

[Anonymous]

Anonymous wrote:because people are weak and like playing the victim card (aside that's basically the entire playbook of the democrats)

The path to CEO is easy make work your life and you will eventually get there

Actually this CEO is friends of many years of the daughter of the former CEO... she's Gretchen Whitmer...the governor of the state...the whole thing's a racket.

[Anonymous]

Also, you can read about how laws for transparency of CEO salaries actually backfired and led to excessively high CEO pay

[Anonymous]

CEOs don't deserve 19 million. It would be different in my mind if it were the owner.

[Anonymous]

Anonymous wrote:Also, you can read about how laws for transparency of CEO salaries actually backfired and led to excessively high CEO pay

Do you have an article? I assume it's because they know how their peers are paid & have negotiation power?

[Anonymous]

What I don't understand is why there isn't a cap on non profit salaries. Shouldn't that money be reinvested back into the company since there aren't shareholders?

[Anonymous]

I work for a Fortune 500 and you couldn’t pay me enough to be CEO. Their entire life and that of their family is completely dominated by work. To get to that level you are wholly owned by the company. If they want to live that life go for it. They should be compensated. And the pp who said it is mostly stock is correct.

[Anonymous]

Anonymous wrote:I work for a Fortune 500 and you couldn’t pay me enough to be CEO. Their entire life and that of their family is completely dominated by work. To get to that level you are wholly owned by the company. If they want to live that life go for it. They should be compensated. And the pp who said it is mostly stock is correct.

I think Blue Cross is a non-profit, the bonus isn't in stock.

[Anonymous]

1) salary like that for a non-profit with an industry heavily subsidized by govt is insane

2) CEO pay rocketed b/c of Lake Woebegone — everyone wanted an above average CEO, so you had to offer pay above average. Do the math.

3) This is totally a who you know job, 95% of the time. You never see some guy from Appalachia rising up the ranks after going to college on a spell grant. Don’t even begin to talk about women and minorities

[Anonymous]

Also, if a CEO of a large corporation gets fired, he gets a pretty package and a golden parachute; you on the other hand...