I've never understood the reason people bash multimillion dollar CEO incomes. Yes - They are the TOP of the food chain. It might seem like a ton of money, but most times I would say they earned it. I realize not all CEO's are the founders, but they aren't your average run of the mill employee either. Do I think they get paid a lot? Yes. I also think that they should.
Because CEO incomes have been rising exponentially while 90% of other incomes are stagnating or in decline. According to my research Chipotle employs approximately fifty-nine thousand workers (rounded down). Chipotle's two CEOs made between them fifty-seven million dollars (also rounded down) last year. If both CEOs gave up just one million dollars of compensation to go toward employee wages then each employee could have a dollar raise. Far more than that if we restrict that raise to just the part-timers who are on the front lines making the product and interfacing with customers.
Now who needs almost thirty million dollars a year to live on? Sure, you may think the Chipotle CEOs are worth a lot of money but compared to the people who are actually taking money from customers and delivering the final product? The disparity is a little too much. Fifty years ago the average CEO made a little over fifty times what their employees made, and that number has skyrocketed to over two hundred times.
Somebody's getting screwed here, and it's not the management.
Because they haven't earned it. CEOs have learned how to game the system to their advantage. Of course the CEO should make the most money, but the current ratios of CEO to worker pay are way out of the range of normal.
I've never understood the reason people bash multimillion dollar CEO incomes. Yes - They are the TOP of the food chain. It might seem like a ton of money, but most times I would say they earned it. I realize not all CEO's are the founders, but they aren't your average run of the mill employee either. Do I think they get paid a lot? Yes. I also think that they should.
Because CEO incomes have been rising exponentially while 90% of other incomes are stagnating or in decline. According to my research Chipotle employs approximately fifty-nine thousand workers (rounded down). Chipotle's two CEOs made between them fifty-seven million dollars (also rounded down) last year. If both CEOs gave up just one million dollars of compensation to go toward employee wages then each employee could have a dollar raise. Far more than that if we restrict that raise to just the part-timers who are on the front lines making the product and interfacing with customers.
Now who needs almost thirty million dollars a year to live on? Sure, you may think the Chipotle CEOs are worth a lot of money but compared to the people who are actually taking money from customers and delivering the final product? The disparity is a little too much. Fifty years ago the average CEO made a little over fifty times what their employees made, and that number has skyrocketed to over two hundred times.
Somebody's getting screwed here, and it's not the management.
Last time I saw the average disparity between CEOs and employees it was around 300 times more.
So that technically counts as "over two hundred times" but I appreciate the clarification nevertheless.
Because they haven't earned it. CEOs have learned how to game the system to their advantage. Of course the CEO should make the most money, but the current ratios of CEO to worker pay are way out of the range of normal.