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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Whist who wrote (191242)	10/11/2001 10:50:46 PM
From: rich4eagle	Read Replies (1) \| Respond to of 769667

Interesting data flapjack they will probably attack you as a traitor and call you awful name for that post

To: Mr. Whist who wrote (191242)	10/11/2001 11:05:12 PM
From: Thehammer	Read Replies (3) \| Respond to of 769667

Thanks for the statistics Flap, 1) The International Labor Organization recently reported that U.S. employees are putting in the longest hours of all workers in the industrialized world. Just no coincidence that our economy is in much better shape than most of the others. What is wrong with hard work? What is the average work week? (2) According to Business Week magazine, CEO pay now stands at 531 times that of the average worker. Why not compare them to the average baseball player? What is the percentage in base salary? How much is derived from stock options attributable to a rising stock price? (3) If annual pay for production workers had kept pace with that of the executive suite, average earnings last year would have been $120,491, instead of $24,668. By what rationale do you think that it should? (4) Similarly, the minimum wage -- still stuck at $5.15 an hour, up from $3.80 an hour in 1990 -- now would be at $25.50 an hour. Ditto, I might buy inflation. (5) Only 37 percent of American workers believe their company's communications with them are always honest. Ok so "always" means what? How do you propose to control what these folks believe? How does this relate to the other? Do I understand your logic correctly? We should tax corporations based on the perception of honesty? In other words, the climate for the average American worker is getting worse, while the average American CEO is earning 571% more in 2000 than he did in 1990. Now wait a minute pal.....This was the decade of Clinton. Are you saying that the average working man got screwed on the watch of Bill? C'mon Hammer

To: Mr. Whist who wrote (191242)	10/12/2001 2:28:29 AM
From: DavesM	Respond to of 769667

Flapjack, I don't believe that you are correct that CEO SALARIES have continued to climb every year (for instance John Chambers has apparently lowered his salary to $1 and many airlines are beginning to initiate salary cuts for top management). Though CEO TOTAL compensation (salary + bonus + stock options) did climb every year in the 90's till probably 1999 or 2000. Of course, you were responding to me, and I may have interchanged the terms "total compensation" and "salary" first! According to CFO.com, the average CFO salary (for the 350 largest public companies) was 54% of CEO salary year 2000. According to CFO.com (July 21, 2001 and post bubble pop); average CFO salaries for this group was $426,000. This would mean that average CEO salary (no bonuses or stock options) would be just under $800,000 per year. The Article that I think you are quoting from is Business Week from April, 19, 1999 (pre bubble pop - title:'Executive Pay up, up, and away'). This article states that CEO TOTAL COMPENSATION averaged over $10M for the largest public Companies. But, the article also states that average SALARY and BONUSES was $2.1M (and being lower for the 2nd year in a row). The missing $8 Million, was from stock options granted to CEOs. The article stated that up to 80% of CEO total income is derived from Stock Option Grants - which resulted in bringing average CEO (of the top 365 companies) compensation up to over $10M. Your article looks at CEO compensation, which was mostly tied to Stock Options, during (one of?) the biggest speculatory bubbles in U.S. Stock market history. It has been over a year and a half since that bubble burst. I do not know how much money the average CEO makes from Stock Options, Post Crash. Now I have read that the AFL-CIO still thinks executive compensation is still sky high. But I really haven't look carefully at how they get their numbers.