New study/experiment. Uber conservatives now get a diagnosis?

[Spexxvet]

Originally Posted by lookout123

how is the CEO's pay relevant to what the average american's pay? the only relevant category to compare a CEO's pay with is the category filled with people that can step in and do the CEO's job.

FWIW, i agree that the pay disparity is obscene, but if a CEO can convince a board he is worth something, I don't blame the CEO for taking it.

It's relevant in this way: the disparity is obscene.

Another relevance is that you can't run a successful business without both indians and chiefs.

[lookout123]

Another relevance is that you can't run a successful business without both indians and chiefs.

true. but if i can replace an indian with someone off the street without a lot of fuss, then that indian is going to demand a much lower wage than the chief.

[Spexxvet]

Originally Posted by lookout123

true. but if i can replace an indian with someone off the street without a lot of fuss, then that indian is going to demand a much lower wage than the chief.

But one three-hundred-sixty-fifth?

Originally Posted by tw

There is no justification for that disparity. The free market system broke down when top management salaries has no relationship to free market forces. An elite simply bids up each other's salaries with no regard to value.

I have to agree with tw here. The value is not in proportion to the compensation.

[lookout123]

i agree with you, it isn't. but it doesn't have to be. if every grocery store raises the price of the product you need to make your favorite recipe to $20/can, you have two options. pay $20 for the can, regardless of what you think it is worth, or go without.

this is no different. if you can find someone well qualified for the top job that will work for less then hire them. if you can't, quit complaining that the market has decided they are worth that amount.