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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (792477)6/29/2014 4:10:44 PM
From: bentway  Read Replies (1) | Respond to of 1577381
 
I listen to a prize winning economist before you, Dave. Sorry.



To: i-node who wrote (792477)6/29/2014 4:49:31 PM
From: combjelly1 Recommendation

Recommended By
tejek

  Read Replies (1) | Respond to of 1577381
 
Would McDonalds with a burger-flipper at the helm be able to raise 1/295th the capital of McDs with a professional CEO?

What are you talking about? What capital is the CEO of Mickey Ds raising? Besides, the CEO make much more than 295 times what a burger flipper makes. It is more like 580 times, assuming the burger flipper can get scheduled for 40 hours a week.

bloomberg.com

Actually, that is on the low side. It is based on the CEO's 2011 pay. He almost certainly got annual raises while the burger flipper didn't...

It has been known for decades that CEO compensation and the performance of the company are unrelated. In fact, as we saw with the Economic Bellyflop, a lot of them are either incompetent with no idea of what is going on in their companies, or criminal. Maybe even both.