Why are people so upset over CEOs salary?

[Anonymous]

A lot of friends back in my hometown are going crazy on FB over the CEO of Blue Cross earning 19 million last year. Their complaint is that if he wasn’t making so much money, premiums would be cheaper. Blue Cross in that state insures roughly 6 million people, so even if he made zero dollars, everyone would only save around $3. What am I missing?

[Anonymous]

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

[Anonymous]

Don’t let facts get in the way of rhetoric, OP.

[Anonymous]

CEO pay has increased sharply to 361x the average worker. Do CEOs do more work in a day than the average worker does in a year? Plus people hate insurance companies and paying increasing premiums for bad services. So yes, OP, not surprised that people are bellyaching that the Blue Cross CEO isn't worth it.
https://www.forbes.com/sites/dianahembree/2018/05/22/ceo-pay-skyrockets-to-361-times-that-of-the-average-worker/#2996e2fe776d

[Anonymous]

Healthcare insurance and pharmaceutical companies are inherently unethical in their pay structures, OP, when you compare how grossly they overpay their senior staff and how much people pay for their insurance and how ridiculously it covers medical and medication care.

This is NOT the case in Europe. I am French, and cannot fathom why Americans haven't rebelled yet, and voted in politicians who are going to change the system. In the USA, people become bankrupt or die from not being able to pay their medical care. Not in France, or many other European countries. It's mind-boggling. And you think the CEO of a healthcare business is fine with getting 19 million every year? These are the people I would throw in the ninth circle of hell.

[Anonymous]

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

[Anonymous]

It just illustrates the immense profits in health care if they can be profitable and still pay an excessive salary to the CEO. Especially when they are paying that 20% copay.

[Anonymous]

That's a disturbing amount for "non-profit mutual benefit" company.

[Anonymous]

Anonymous wrote:That's a disturbing amount for "non-profit mutual benefit" company.

Or any company.

[Anonymous]

Anonymous wrote:

Anonymous wrote:That's a disturbing amount for "non-profit mutual benefit" company.

Or any company.

Truth.

And frankly, at that number, it’s just bragging rights. His life is not measurably better than someone making $5mil a year.

Slowly people are realizing that we’re being turned into serfs, with all our wealth concentrated in the hands of a few people. Maybe the tide will turn, maybe it won’t, but I think it will get ugly before it’s over.

[Anonymous]

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.

[Anonymous]

They hate rich people.

[Anonymous]

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.

[Anonymous]

Anonymous wrote:

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.

[Anonymous]

There is a big difference between salary and stock options and many are making the money from stock options and not salary.