{{
`${userDetail.user.displayName}${userDetail.user.cachedBungieGlobalDisplayNameCode ? `#${standardizeBungieGlobalCode(userDetail.user.cachedBungieGlobalDisplayNameCode)}` : ""}`}}
{{getUserClans()}}
4/24/2013 9:31:34 PM
13
The moral argument of the salary of the average American CEO
Before I even ask the question, I want to make clear that this is relevant to an essay I'm working on, and the question I'm asking is not the same asked for the essay. I will not use anyone's answer verbatim; I'm just asking because I've discussed this here before and want to see the arguments again.
With the above article in mind, discuss the moral implications of the average American CEO making 343x what the average employee makes.
In my opinion, his salary is justified because of the massive improvement to Ford under his watch. It's also important to understand that his base pay is only around 15% of the total, the rest coming from stock dividends (which Ford was finally able to do due to his efforts) and other pay.
-
I don't have time to read the article, but I can make a quick post. CEO Salaries are higher for two primary reasons. 1. Their jobs and lives are often at the mercy of factors they cannot control. The economy as a whole affects the profit of a business. Real Estate plummeted not because Realtors weren't good at selling homes, but because of a host of other factors. Thus the CEO of a company has a much bigger risk to his job (as he is held accountable) due to these outside factors that are simply not his fault, so it is a matter of maintaining risk vs. reward. 2. If a worker gets laid off due to cutbacks, the company compensates him. If a CEO has to leave because the company failed, unless shady things are going on he has nothing. CEO's are paid a bunch because there is no fallback for them if they get ousted from their jobs, and to maintain a certain standard of living for a period of time after losing their job, they have to be receiving a large income. They also don't generally get retirement I believe, so this is what they get for the rest of their lives.
