Top Michigan CEOs made 300 times More than Employees

Jan 2016
1,210
254
1984, all over again
#1
Jonathan Oosting, The Detroit New, April 15, 2019

New filings required by the federal government show top executives at 12 of Michigan’s largest publicly traded companies earned, on average, 313 times as much as their median employees, who in some cases work outside the state in lower-wage countries or do not hold full-time jobs.


Lansing — Whirlpool CEO Marc Bitzer earned 578 times as much as his company’s median employee in 2018, while Lear Corp. CEO Raymond E. Scott made 987 times as much as a median employee at the auto supplier.





Top Michigan CEOs made 300 times more than employees



.........


Perhaps such a pay disparity could cause a deliberative corporate intransigence, or a intentional slowness to change corporate, big business mind sets and culture, yes?
 
Last edited:
Mar 2019
5,239
1,860
California
#2
Jonathan Oosting, The Detroit New, April 15, 2019

New filings required by the federal government show top executives at 12 of Michigan’s largest publicly traded companies earned, on average, 313 times as much as their median employees, who in some cases work outside the state in lower-wage countries or do not hold full-time jobs.


Lansing — Whirlpool CEO Marc Bitzer earned 578 times as much as his company’s median employee in 2018, while Lear Corp. CEO Raymond E. Scott made 987 times as much as a median employee at the auto supplier.





Top Michigan CEOs made 300 times more than employees



.........


Perhaps such a pay disparity could cause a deliberative corporate intransigence, or a intentional slowness to change corporate, big business mind sets and culture, yes?
Just shows what talent,brains,and education can get you.
 
Jan 2016
1,210
254
1984, all over again
#3
Just shows what talent,brains,and education can get you.


Not necessarily.







Stephen Colbert would be bribed to be more evil with a $15 million dollar pay package, deliberately lying to impeach Pres. Trump, a stand up, good guy.

Maybe the best President in my short lifespan.





from Forbes:






"Stephen Colbert is one of two late-night hosts taking home $15 million during the scoring period, which may surprise some given the growing pains his show seems to be facing, ratings-wise. His CBS show The Late Show with Stephen Colbert spent most of its first year consistently falling behind ABC's Jimmy Kimmel Live and NBC's Tonight Show Starring Jimmy Fallon. "







Stephen Colbert And Jimmy Fallon Are 2016's Highest-Paid Late-Night Hosts -- Which One Earned It?
 
Jul 2014
37,351
9,819
midwest
#4
Jonathan Oosting, The Detroit New, April 15, 2019

New filings required by the federal government show top executives at 12 of Michigan’s largest publicly traded companies earned, on average, 313 times as much as their median employees, who in some cases work outside the state in lower-wage countries or do not hold full-time jobs.


Lansing — Whirlpool CEO Marc Bitzer earned 578 times as much as his company’s median employee in 2018, while Lear Corp. CEO Raymond E. Scott made 987 times as much as a median employee at the auto supplier.





Top Michigan CEOs made 300 times more than employees



.........


Perhaps such a pay disparity could cause a deliberative corporate intransigence, or a intentional slowness to change corporate, big business mind sets and culture, yes?
I notice there are a couple of evil white women pictured.

Barra's company is closing plants on top of her humungous salary.

Remember that it was the evil white women voters that decided the last presidential election.

I suppose they knew her best...
 
Sep 2014
4,821
1,493
South FL
#6
Jonathan Oosting, The Detroit New, April 15, 2019

New filings required by the federal government show top executives at 12 of Michigan’s largest publicly traded companies earned, on average, 313 times as much as their median employees, who in some cases work outside the state in lower-wage countries or do not hold full-time jobs.


Lansing — Whirlpool CEO Marc Bitzer earned 578 times as much as his company’s median employee in 2018, while Lear Corp. CEO Raymond E. Scott made 987 times as much as a median employee at the auto supplier.





Top Michigan CEOs made 300 times more than employees



.........


Perhaps such a pay disparity could cause a deliberative corporate intransigence, or a intentional slowness to change corporate, big business mind sets and culture, yes?
Well then that sounds like the corporations who engage in such behavior would be placed at a competitive disadvantage in the market, no? If that is the case, then what the shareholders of these corporations are doing is a mistake. But it is a mistake spending THEIR money, not your money.
 
Likes: orangecat
Sep 2014
4,821
1,493
South FL
#7
Thanks for picking up on Colbert because that's a nice segue into my point. C-suite compensation is always a favorite topic for liberals and other economic illiterates. People never grow weary of the politics of envy and they just love to discuss how much, or how much is too much, or how obscene the pay is for CEOs. One hears the same regarding athletes and occasionally for entertainers, though not as frequently. There is no reason to assume that C-suite pay is not set by something other than market forces. The most-obvious response is that CEO pay is set by market forces.

Now, if you're liberal, you likely don't believe that, but then you must necessarily believe the opposite, specifically that shareholders are generally extending charity to C-suite executives. Of course, that's just an absurd proposition. And even if it were true, its not, but even if it were, its still their problem, not yours! So as to whether government should intervene to limit C-suite pay, frankly its not really altogether that interesting of a question. The answer is no.
 
Likes: orangecat
Jan 2016
1,210
254
1984, all over again
#9
Indubitably!

Does the OP think a doctor should be paid the same as a trash collector, like under COMMUNISM???


If he does, he should move to one to try it for a while.


He'll learn reality pretty quick! :D





________________________________

I am not a Progressive anymore. I left faux "Liberalism" when Pres. Obama began bombing -like a Neocon -
Syria and Iraq 28,000 times a year in 2011. He became a NeoCon beginning with Libya, until he left office.

I am a Pres. Trump supporter.











...
 
Apr 2018
10,939
2,761
oregon
#10
Well then that sounds like the corporations who engage in such behavior would be placed at a competitive disadvantage in the market, no? If that is the case, then what the shareholders of these corporations are doing is a mistake. But it is a mistake spending THEIR money, not your money.
Exactly.
 
Likes: publius3

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