10-18-2011, 09:23 PM
(10-18-2011, 05:22 PM)kandrathe Wrote: For CEO pay comparisons, you cannot just take the highest paid CEO, and compare that to the lowest paid worker. Here are the government statistics on CEO compensation. Mean annual wage for CEO's = $173,350, while for all occupations (including management) = $44,410. So, not really 350X the average worker. More like, 3.9X, which seems a bit more reasonable. The 2006, the national average household income for those with only high school graduation attainment was $36,835.
On one hand, you point out a comparison that's irrelevant, then on the other you make a comparison that's irrelevant.
So what percentage of a CEO's total compensation is "annual wage"?
and
What percentage of the average employee's total compensation is "annual wage"?
I don't know the answer to those qeustions, but I suspect it's a single digit percentage for the CEO and somewhere on the order of 50% of the average employees.
This conveniently plays right into your other point, which I completely agree with... that everyone needs to be suspect about any and all data presented. How it's presented, who's presenting it, what is the exact wording used, and how are they trying use all of these hard facts to deceive you.
Conc / Concillian -- Vintage player of many games. Deadly leader of the All Pally Team (or was it Death leader?)
Terenas WoW player... while we waited for Diablo III.
And it came... and it went... and I played Hearthstone longer than Diablo III.
Terenas WoW player... while we waited for Diablo III.
And it came... and it went... and I played Hearthstone longer than Diablo III.