Why are people so upset over CEOs salary?

[Anonymous]

If the police can be free of charge, healthcare can be free of charge. The entire economic system is a rigged scam. It's all presented as unthinkable as an intentional form of enslavement. If the building of an F-35 warplane can be free of charge, healthcare can be free of charge. Everything the elite want is free of charge. What the people want is too expensive, and more deeply, it's not even thinkable. If the elite want it, they will get it. If you want it, be patient for 400 years.

[Anonymous]

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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!

Seriously. Look at what’s happening with the prices for epipens, insulin, Humera. People are literally dying for lack of access to drugs, and the people at the top of the healthcare industry are raking in money. This is a problem. This is not right.

Then the issue seems to be government regulation.

The pitchforks are coming.

I don't think Medicare for all is financially feasible, but with stuff like this the person who wins the democratic nomination will have to support it.

It would be but they'd have to charge higher rates than what senior medicare is but it could easily work. They's also have to clean up billing practices and only pay reasonable amounts.

[Anonymous]

In a bullshit society, all jobs are bullshit jobs.

Strive to be unsuccessful, it's the successful who are killing the planet.

https://www.bloomberg.com/news/articles/2018-05-15/bullshit-jobs-by-david-graeber-review

[Anonymous]

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Anonymous wrote:They hate rich people.

I AM a rich person. Between me and my DH, we are bringing home $200k/year and despite what folks on DCUM might sometimes say it is a shitload of money and more than I ever expected to make in my lifetime.

If we made $180k, we'd be fine. If we collectively made $100k, we wouldn't live like we live now but we'd also be fine. We've been there before.

I resent the fact that my boss and my boss's boss and so on are basically skimming off what I make to enrich themselves further. I'm sure they put in longer hours than I do but no one needs to make upwards of $3 million (what the head of my company makes).

you can walk at any time. Ask for a raise put up or shutup lol idiot

200k a year is not rich

yes, it is. Look it up.

I don’t need to. I make that. It’s not rich for this area.

[Anonymous]

Does the CEO have to pay a copay of 20% to collect? I sure have to when accessing covered BCBS services.

[Anonymous]

Anonymous wrote:If the police can be free of charge, healthcare can be free of charge. The entire economic system is a rigged scam. It's all presented as unthinkable as an intentional form of enslavement. If the building of an F-35 warplane can be free of charge, healthcare can be free of charge. Everything the elite want is free of charge. What the people want is too expensive, and more deeply, it's not even thinkable. If the elite want it, they will get it. If you want it, be patient for 400 years.

You pay taxes for the police. Also, police salaries pale in comparison to those of doctors (as they should) and look at the job they do. You think we should have less educated, less motivated and lower compensated doctors with our lives in their hands? What’s your suggestion? Serious question.

[Anonymous]

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.

Blue cross has $30B in revenues and $1.5B in profit. There aren't people lined up down the street who can manage that company and if you think there are then I am wasting my time typing this. You get paid what your investors think you are worth. If those investors felt for one second that the $5M guy could do the same job with no risk to the company they would make that move in a second. $19M is a drop in the bucket against that revenue number.

[Anonymous]

Anonymous wrote:Does the CEO have to pay a copay of 20% to collect? I sure have to when accessing covered BCBS services.

You can pay for more coverage

[Anonymous]

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.

Blue cross has $30B in revenues and $1.5B in profit. There aren't people lined up down the street who can manage that company and if you think there are then I am wasting my time typing this. You get paid what your investors think you are worth. If those investors felt for one second that the $5M guy could do the same job with no risk to the company they would make that move in a second. $19M is a drop in the bucket against that revenue number.

Exactly people are stupid, 5% profit on that amount of revenue is very low. You wouldn't be happy with that as a 401k.

[Anonymous]

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.

Blue cross has $30B in revenues and $1.5B in profit. There aren't people lined up down the street who can manage that company and if you think there are then I am wasting my time typing this. You get paid what your investors think you are worth. If those investors felt for one second that the $5M guy could do the same job with no risk to the company they would make that move in a second. $19M is a drop in the bucket against that revenue number.

Oh that's bull. It's not investors that set the ceo salary. It's the board of directors who are other ceos picked and asked to be on the board and they are protecting their own.

[Anonymous]

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Anonymous wrote:Why does anyone deserve to make $19MM per year??

No one deserves any salary. One works their butt off to the top. Big decision makers reap big rewards.

That’s not how it works. They all sit on each other’s boards and vote themselves high salary.

This is true. Worse is that many CEOs at smaller companies can run them into the ground, leave with a golden parachute and get a higher paying job elsewhere.

[Anonymous]

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

+1
Here's an article discussing how much CEO's salaries have increased over time compared to average workers. The income inequality in this country is just getting worse. Salaries have not kept up with inflation and the increased cost of living. That is, unless you're a CEO .

https://www.forbes.com/sites/dianahembree/2018/05/22/ceo-pay-skyrockets-to-361-times-that-of-the-average-worker/#d02cff6776dd

[Anonymous]

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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 completely agree. I’m in senior level management and feel like my life revolves around work- but it is absolutely nothing compared to what my CEO deals with. He deserves whatever he is paid to handle the crap he handles

This just sounds so out-of-touch with lower income families where parents work several jobs just to make ends meet. A Fortune 500 CEO can quit at 40 and his grand kids can still be set with all the dividends.

[Anonymous]

Anonymous wrote:Why does anyone deserve to make $19MM per year??

No one needs that much money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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 completely agree. I’m in senior level management and feel like my life revolves around work- but it is absolutely nothing compared to what my CEO deals with. He deserves whatever he is paid to handle the crap he handles

This just sounds so out-of-touch with lower income families where parents work several jobs just to make ends meet. A Fortune 500 CEO can quit at 40 and his grand kids can still be set with all the dividends.

I’m the first poster.

There aren’t that many Fortune 500 CEOs who are 40. It’s a job you get after years of being completely dedicated to your industry.

Look, I get it, it’s a ton of money. That said, I much prefer the childhood I had with a dad as a teacher and a stay at home mom than the life our CEO and other members of our executive team live. They move, often internationally, every couple of years, miss birthdays, concerts, first dates. You name it, they aren’t present. Their spouses frequently have to give us their jobs due to the frequent moves. Divorce rate is high. It’s an impossible life if you want to have any balance.

If you are interested in that type of money start playing the game. The office and airports will be your new home and you’ll have a constant knot in your stomach from all the stress.