Forbes magazine reported that the average total compensation for a Fortune 500 CEO as of the 2012 Fortune survey was $10.5 million. This broke down as $3.5 million in salary and bonus, $3.8 million in other compensation such as personal perk packages and $3.2 million from exercising vested stock options and awards. I'm not saying there are not some really good companies out there who do right by their employees and make money, but the propensity of larger companies do not. This has not always been the case. I do agree that there are a large number of people who work in upper management who are knocking down six figures but think about this. The guys who work right under the CEO who makes 12 million are making a hundred and fifty grand. 150 is a great salary, don't get me wrong. That said, is the CEO worth 80 times more than the guy who works right under him in the next office over? Hell naw....
@Tiger in NC well at that point it's all opinion. No different than me saying athletes are over paid or a burger flipper needs $20/hr. Given our simi free market, to start to regulate what is "too much money" is a sloppy path that then trickles to, ok let's take from large wealth holders because they have too much.
can you at least agree that it is disproportionate? I'm not talking about regulating anything with government because at the end of the day these are corporations that get to make decisions for themselves, obviously within the bounds of the law. And using the government to regulate something like this is a slippery slope that no one wants, but it will not be government regulation that changes something like this. Public opinion will do more to sway companies to adjust executive compensation, or at least be more discreet about how they compensate their executives. Guys like this guy will help because he will reap the benefits of the recognition that it will earn him, especially given his neck of the woods. And don't forget, this dude has been making a million plus for the past how many years? So, it's not like he's doing this with a hundred bucks in the bank. I imagine that he has investments that will ensure his financial security for the rest of his life if he's worth his salt. There is a lot more to this story but you got to give it to him because he gets PR.
W&en Ben and Jerry's first got started nobody got paid more than $35K, including Ben and Jerry. I wonder what their net worth is now.
It also said that 70K was a base salary. That means there are other compensations in addition to base salary. You can bet his directors, managers, and supervisors get more perks than the rank and file. Les Miles has a base salary of $300,000 at LSU. The other $4 million comes from extra compensation, bonuses, and expense accounts. It works like this in Corporate America, too. Lots of perks.
you're worth whatever someones willing to pay. the more disproportionate the better. thats capitalism at its finest/worst. your value to one organization over the hundreds of others. what are you worth to them. not what someone else thinks. their opinion doesnt matter unless they sign your checks.
