Gap between CEO and workers is much worse than you realize

During his career at AIGFP from 1987 until he was forced to retire in March 2008, Cassano received $315 million: $280 million in cash and an additional $34 million in bonuses.

Cassano remained on the payroll and kept collecting his monthly million through the end of September 2008, even after taxpayers had been forced to hand AIG $85 billion to patch up his mistakes.

Raiders, you don't see a problem there?

When the rich becomes richer, the economy grows despite more income inequality.  That is good except for those that don't deserve to be overpaid.  Examples such as shareholders angry about executive bonuses for failing corporations or taxpayers complaint about public sector workers paid more than private sector

The real problem is that incomes of non-rich majority have failed to increase enough for decades.   Too many poor people is unhealthy for any country.  Unfortunately, there is no easy solution such as robbing the rich to help the poor.

Wrong,  increase taxes on anyone making over a million per year.

I would guarantee that people would still start businesses anyway because they would love a million dollar income rather than average than 60,000 a year.

I have a tendency to agree that these top ceo guys are paid a insane amount of money. Why they would not take some of that and pass it back down to all their employees just makes no sense, to me that is.

But I never really understood this 350 to 1 pay ratio of ceo vs. avg worker pay. When looking at the very top of ceo pay, yes that maybe true. But to compare the two you have to look at all ceo pay, am I correct ? I was surprised to find out that in 2013 the bureau of labor stats reported that there are 248,760 chief execs. Their avg. pay with compensation was 178,400. The avg worker pay was 46,000. Certainly not 350 to 1..... More like 5 to1a huge difference, and really misleading. But it really fires people up and that sells.

In my thinking you should not take the avg of .08% of one thing (top 200 ceo's pay) and compare it to 100% ( avg pay of 100 million workers). IT has to be 100% of one vs 100% of another for a true avg number.  Where am I wrong??

But as I said I think these top paid ceo guys (10-50 million/yr) do not help out the lower paid workers in their companies enough. They could give them a 5000 to 10000 bonus/yr . The ceo life style would not change at all vs what it could do for the employee. Me, I cannot stand large corps, large banks or large govt. I avoid them as much as possible and feel good about it. Always buy American products when and where I can, even if it costs more.  Perfect example...Going American in the ryder cup, that cost me. 

"Never understood the folks that say they hate big companies and banks.  Why?"

Hello???  Anybody home inside there???

9/29/2014

(CNN) - ATM fees surged this year, according to a new survey by Bankrate.

Out-of-network ATM fees jumped 5 percent, to a new high. On average, customers were charged $4.35 per transaction.

Bankrate also reports those high fees kept most people from using such ATMs, but that's part of the problem. Banks hike fees to make up for the loss.

There's no sign of that slowing down. ATM fees have skyrocketed 23 percent over the past five years.

1. What makes it confusing ?..........2. Point taken about worthless employees. But not many of those because they would be let go. Their boss and fellow employees will make sure of that, plus what about those employees that over achieve?..........3. If small buisneess is underhanded they don't last, not so with large business. They can screw with people and increase profits and revenues.......Sometimes they do provide a good service, key word SOMETIMES, a good smaller company provides a good service MOST the time........4. My real problem with them is just like the problem I have with big government, way to much influence and power on a national and worldwide level. Again taking advantage of people because of their massive size, their countless lawyers, and unlimited money is something impossible for small business. and small government.......5. Radiers,  I agree with many of your comments on other subjects, but not on this one. When it comes to business, smaller will 95% of the time be better, for the customer and employee. Same goes for government. 

thanks for the reply, good thing to discuss......1iron