Source: The Hook
quote: Tillerson makes a minimum of $25,200,000 a year. The median household income for 2011 was $49,445. The median income in 2011 was $26,364.Tillerson's pay is equivalent to 509 combined households or 955 working individuals.There's no income gap problem though.
quote: So they would make a whopping $295.45 more each year.
quote: Lets do the math!
quote: After all, public companies like ExxonMobil are not under any such governance as Fiduciary Duty -- right?
quote: Personally, I have no problem with calling it as I see it at every opportunity.
quote: But at least I personally won't be actively contributing to the problem of malignant neglect, thank you very much.
quote: Feudal Society was based around the Land, called a Fief, which was held by the Nobility, because of the favor of their King.
quote: A free market society would not have lords, or kings, or fiefs.
quote: I'm sure nobody in their right mind would accept such a gift. Far better to receive $0 instead. An ironclad argument, if ever I've encountered one.
quote: Let's do the math another way. By saving $22,200,000 per year, in 10 years the company accumulates an extra $220,000,000 in cash. It can either sit on it earning interest, or re-invest it to grow the business. Either way, shareholders win (ironically, are CEOs also usually among the major shareholders -- so really that's a win-win.)
quote: Let me ask you a question in turn: why do YOU hate Freedom? Why do you pine for a comeback of Feudalism?
quote: SIT on that money. That's the smart play here.
quote: That's a hallmark of intelligent debate.
quote: What idiot actually expect wealth to "trickle down"?
quote: You're just too damm stupid.
quote: Even just sitting on that money is a smarter investment than simply gifting it to some overpaid douche bag at the top of the pyramid. Of course, smarter managers would try to invest or reinvest as a first priority, or at least if no good investment opportunities are evident, share the company's profits more evenly across the company's work force and/or shareholders.
quote: As opposed to lobbing wife-beater insinuations
quote: One such idiot's name was Ronald Reagan. One Richard Cheney was another such idiot of notable prominence, up to quite recently even.
quote: Yes, that must be it.OTOH, in my experience the higher you move up a corporate hierarchy, the more you find yourself competing against unscrupulous manipulators and ladder climbers who have no problem lying, cheating, and stepping on the necks of their colleagues if it gets them up to the next rung. I will never be one of those people. I'm not sufficiently sociopathic... And I'm just fine with that.How about you?
quote: Same thing that's stopping you, obviously...
quote: I am not complaining about his income level.
quote: You don't know how much I make.
quote: you may as well just stop posting.
quote: Please consider this question: why the hell could anyone imagine that paying a CEO 1000x average salary is somehow more effective than paying that same CEO 10x average salary -- as has been done throughout most of the 20th century?