CEO Pay Publicized to Company Employees?

rjaypeters · Post by **rjaypeters** » Tue Jun 28, 2011 12:22 am

Not if the companies have anything to say about it!

"Companies lobby to hide disparity in CEO, worker pay"

By Peter Whoriskey, The Washington Post

"WASHINGTON — One financial figure some big U.S. companies would rather keep secret is how much more their CEO makes than their typical worker.

A group backed by 81 major companies — including McDonald's, Lowe's, General Dynamics, American Airlines, IBM and General Mills — is lobbying against new rules that would force disclosure of this comparison."

This idea came up earlier. It'll never happen, but, oh, how I'd laugh if it did!

http://seattletimes.nwsource.com/html/n ... pay25.html

Giorgio · Post by **Giorgio** » Tue Jun 28, 2011 7:09 am

When you start to be afraid to let other people know much you are making to be the CEO than it probably means that you are realizing that you do not deserve that pay for the work you are doing.

rjaypeters · Post by **rjaypeters** » Tue Jun 28, 2011 10:14 pm

Yes, Giorgio. But will the fear the average or not-so-average CEO feels overcome the greed he or she has in the heart? Sorry, I had thought I had sworn off asking rhetorical questions!

Now, I need someone to complain about class warfare...The above proposal isn't warefare, it would simply be information, data.

choff · Post by **choff** » Tue Jun 28, 2011 11:22 pm

If the top 1% of wage earners get a 10% raise or bonus(CEO's) they will say they earned it and they brought value to the shareholders. If the bottom 50% got a 10% raise everyone in the business community would complain it's going to cause inflation. Even though it would equal the same amount of cash being injected into the economy, and the bottom 50% would probably use most of it to pay down debt.