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Reply to "Time to Tell"

Stanky posted:
budsfarm posted:

Why do other industrialised nations pay their CEOs 30 or 40 times the average worker, but the US pays them 500 times. Can that be justified? How? - JT

You know the saying, JT, "trust, but verify."

And you know the drill.  Need some examples / links.  Apples to apples comparisons.

Start with what is the salary of the average worker in the US?  And what is the salary the average worker in other industrialized nations?

 

Jt will need to take that up with his favorite party and favorite President. Dems owned both houses of Congress and the White House in 1993 when the tax codes concerning executive compensation changed. Before that they lived like royalty on expense accounts like the rest of the world's executives and our elected leaders so they didn't need large salaries.

https://www.propublica.org/art...y-cap-that-backfired

Exactly, their expense accounts paid for everything.  One could read articles about flying to London to have bespoke suits made at less than the cost in NYC, of one ordered at least five suits (including the cost of air fare).  The Japanese still have this type of tax exclusion, partially because of high tax rates. 


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