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[–] Malphius 6 points 34 points (+40|-6) ago 

Good. CEO pay is embarrassing. I'm sorry but most CEO's are not worth their pay. The claim of drawing in "talent" is baloney. There is plenty of "talent" foaming at the mouth for career advancement that would do just as well for much much much less money and compensation. Lets not even get started on golden parachutes. This should be illegal. It's so shameful. "Hey bro, you suck and you're tanking our company. Here's 10 million dollars now gtfo." I'm not for big government but the private sector is wildly out of control and it needs spanked by big brother for a while until it starts behaving again. It's too bad that prosecution of white collar crime is at a 20 year low.

http://www.ibtimes.com/us-prosecution-white-collar-crime-hits-20-year-low-report-2037160?utm_content=buffer7f0de&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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[–] mcwilshire 10 points 15 points (+25|-10) ago 

You're free to sell your shares and take your money elsewhere.

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[–] Malphius 2 points 11 points (+13|-2) ago 

What does having shares in a company have to do with CEO pay? CEO pay could be returned to share holders and other stake holders.

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[–] Paranatural 2 points 8 points (+10|-2) ago 

Sure, if the stock market worked like that anymore, but everyone with an ounce of sense sees the stock market for what it is. It's a damn gambling hall that investment firms to bet with other people's money. CEOs and companies can do basically anything as long as the company still shows as making money and their shares keep up. There's no actual accountability anymore, and you damn well know it.

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[–] canbot 0 points 0 points (+0|-0) ago 

We are now that it's publicly available information. This has been law for 5 years, and just now they are saying, well maybe we should do it. You don't hide things like that if they don't matter.

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[–] goog 1 points 2 points (+3|-1) ago 

Something is worth what someone is willing to pay. If they are getting paid that much, clearly the person/people paying them think they are worth it.

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[–] Malphius 0 points 8 points (+8|-0) ago 

You're worth as much as your friends on the board say you are. Just remember them when it's their turn.

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[–] 1587110? 1 points 2 points (+3|-1) ago 

That's assuming a perfectly free market for executive pay. Which is definitely NOT the case.

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[–] canbot 0 points 0 points (+0|-0) ago 

That is just economics bullshit.

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[–] the-code-always-wins 0 points 0 points (+0|-0) ago 

Did you know CEO pay has exploded since the government started requiring it be public?

By making the info public, it has created a bidding war for good CEOs amongst major corporations.

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[–] Malphius 0 points 0 points (+0|-0) ago 

This is about my least favorite saying ever but: correlation doesn't equal causation.

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[–] flatulus 0 points 0 points (+0|-0) ago 

There is plenty of "talent" foaming at the mouth for career advancement that would do just as well for much much much less money and compensation.

Then why aren't those people being promoted? Hell, why don't they start their own competing businesses? How can you be sure that they are better if they're not showing that they're better?

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[–] Malphius 0 points 0 points (+0|-0) ago 

Because there is a hard ceiling at any company and it tops out with the CEO/President/whomever. I can be sure that there is plenty of worthy talent because CEO's aren't brilliant people. Take Steve Jobs. He didn't invent SHIT. Didn't invent the Mac. Didn't invent the iPod. Didn't invent the iPhone. He just took credit because he was a grandiose narcissist. In fact, CEO's are most likely to be Psychopaths not shining examples of human stability and intellect. http://time.com/32647/which-professions-have-the-most-psychopaths-the-fewest/ http://www.forbes.com/fdc/welcome_mjx.shtml

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[–] didntsayeeeee 6 points 15 points (+21|-6) ago 

I got offered a job at a large, established company.. The job paid about $120K. I found out the CEO only made $400K.

Did I think "oh good, the CEO is one of us?" Nope! I thought of the org chart, and imagined how many layers there'd be between me and the CEO, and realised "man, salaries at this company are shit, there must be limited chance of advancement if the CEO is only making $400K".

So I took another job.

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[–] ReadShift 1 points 13 points (+14|-1) ago 

What? I don't get your logic. How is $120K a shit salary?

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[–] didntsayeeeee 1 points 6 points (+7|-1) ago 

It was okay, but the point is that further advancement presumably would have moved me up very much.

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[–] chakan2 1 points 0 points (+1|-1) ago 

Depends on the position and experience...I'd consider it mediocre depending on benifits and location. Give me that, 30 days vacation, free healthcare, and a sizable hiring bonus and maybe I'll take it.

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[–] DrWoW 0 points 2 points (+2|-0) ago 

Did you check to see if the CEO had stock options? A decent size of CEO's do the $1 a year salary BS to look good for the media, but secretly they are receiving stock options which when invoked give you a lower tax burden.

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[–] canbot 1 points -1 points (+0|-1) ago 

If the CEO was taking home a larger piece of the pie you would see even less. The intelligent thing to do would be to look at the revenue the company is generating. Just because the CEO is taking home 4 Million doesn't mean you would see any of it. The greedier the CEO the harder it will be for you to move up, and you'll be working for a company that is always cutting corners.

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[–] TexasComments 0 points 8 points (+8|-0) ago 

This does nothing to solve anything and most of this was available in the 10k anyway.

[–] [deleted] 1 points 7 points (+8|-1) ago 

[Deleted]

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[–] Ebb 1 points 11 points (+12|-1) ago  (edited ago)

It really doesn't matter but I feel like people should know that in this case it's him/her and me...

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[–] Bigglesworth45 1 points 4 points (+5|-1) ago 

Why genderfy at all just use "them and I"

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[–] G4 0 points 2 points (+2|-0) ago 

In this case it would be him/her and me. I think. Pretty sure.

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[–] SiWofos 0 points 0 points (+0|-0) ago 

Be proud oh warrior pedant!

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[–] chakan2 0 points 3 points (+3|-0) ago 

What if I told you most of that shit you are worrying about is BECAUSE of that disparity in pay between you and your CEO.

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[–] austenite12 0 points 3 points (+3|-0) ago  (edited ago)

If a company with a smaller gap offered you a job would it influence your decision to take it or not?

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[–] bill.lee 0 points 1 points (+1|-0) ago 

I appreciate that the SEC is finally getting around to implementing these regulations and I completely agree with what you're saying. This will make for some good articles (if the thing is actually implemented in 2 years) and no meaningful improvements for workers.

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[–] ScreaminMime 1 points 4 points (+5|-1) ago 

But government and unions aren't considered business'?

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[–] mHtt 0 points 1 points (+1|-0) ago 

Title should read: US companies operate with impunity.

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[–] Antropomorphic 0 points 1 points (+1|-0) ago 

They can just do what Suckerberg (facebook), payment 1 dollar a month, but the company can buy anything the CEO wants.

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[–] DontTipTheVoatBaby 0 points 1 points (+1|-0) ago  (edited ago)

I believe this information has always been publicly disclosed in all publicly-held companies via their SEC filings. That said, I'm not sure this is enforceable in the private sector?

Edit: Never mind. I'm an idiot. Executive officers' compensation has always been disclosed. The janitors', notsomuch.

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