Used to be 40x, I could live with that. At $20 min. wage, that’s about $1.65M. Fair enough for a monster corporation’s CEO. Would you hire some asshole who says he’ll run McDonald’s Corporation for 10x at $416K? I’d be sus.
And here we have the facts of the matter:
The CEO and now chairman of McDonald’s was paid $19.2 million last year in salary, bonuses and stock, according to federal securities filings.
That breaks down to an hourly wage of $9230.77, not including holidays, PTO, etc. 462x the lowest paid employee in California. 40x doesn’t sound so bad now, does it?
But still, CEO pay ain’t the problem, it’s a symptom of runaway capitalism. Ran the numbers a couple of years back on American Airlines. If their CEO took zero compensation they could award every employee a $236 yearly check. I’d be fucking insulted if that was my Christmas bonus.
Used to be 40x, I could live with that. At $20 min. wage, that’s about $1.65M. Fair enough for a monster corporation’s CEO. Would you hire some asshole who says he’ll run McDonald’s Corporation for 10x at $416K? I’d be sus.
And here we have the facts of the matter:
That breaks down to an hourly wage of $9230.77, not including holidays, PTO, etc. 462x the lowest paid employee in California. 40x doesn’t sound so bad now, does it?
But still, CEO pay ain’t the problem, it’s a symptom of runaway capitalism. Ran the numbers a couple of years back on American Airlines. If their CEO took zero compensation they could award every employee a $236 yearly check. I’d be fucking insulted if that was my Christmas bonus.