The AFL-CIO says that the "average" worker made $32,048 in 2009

[OmahaBlueDog]

Source: http://www.aflcio.org/corporatewatch/paywatch/ceou/top100.cfm

So, what is a fair salary for an executive? Five times average pay would be about $160K, which would pay my bills in fine style, but might seem a little cheap to some. Ten times? Again -- I could be pretty happy with $320K. Hell, I might even bitch about my taxes. OK - twenty times --$640K per year. I could live in a swell house here in Omaha, buy a new loaded Suburban or F-350 every year, and still have enough left over for a second home in Florida or Phoenix.

From the AFL-CIO (sale link as above)the highest paid CEO in America is:

"Aubrey K. McClendon
Chairman of the Board and Chief Executive Officer
CHESAPEAKE ENERGY CORP (CHK)
Headquarters: OKLAHOMA CITY, OK

In 2008, Aubrey K. McClendon received $100,069,201 in total compensation. By comparison, the average worker made $32,048 in 2009. Aubrey K. McClendon made 3122 times the average worker's pay."


Just to be clear, he makes 1/10th of a billion dollars every year. Not his workers. Not his contractors. Not his stockholders.

Aubrey is probably a nice guy who I'd enjoy having a few beers with in an airport, but I can't figure out why he needs his tax cuts extended? Can you?

[dkf]

1. Oh that is nothing compared to the hedge fund guys. Now those numbers are obscene.

I was completely shocked when I discovered a hedge fund manager can make more in one year than in years of the top CEOs pay.

[Name removed]

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[Catshrink]

8. Yeah and hedging all those jobs to China and India too, right Sparky?

Whatever the banksters want, right?

[Name removed]

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[Catshrink]

12. oh right...

:rofl:

[dkf]

2. In retrospect, there are two groups with gripes against these excessively paid CEOs.

Those are the workers and the shareholders. This should not be solved by the Federal Government taxing away what should belong to these two groups.

[Hannah Bell]

3. how *should* it be "solved," oh wise one?

[dkf]

4. Shareholders should get their say on executive pay for one.

Workers should be bonused some compensation in company stock. That matches the workers goals with the company goals.

[Hannah Bell]

5. bollocks.

[madrchsod]

6. esop has been a great way for some business to cut wages...

[TBF]

10. When those two groups start building their own roads,

providing their own police & fire dept's, their own schools etc... then we can talk about their taxes.

I can't believe I'm arguing this on a democratic website. We are FOR taxation here - FOR the greater good.

[TBF]

9. Recommended. nt