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Wed Dec 5, 2012, 11:53 AM

A great and serious graphic from Facebook:

49 replies, 9314 views

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Arrow 49 replies Author Time Post
Reply A great and serious graphic from Facebook: (Original post)
CaliforniaPeggy Dec 2012 OP
Raster Dec 2012 #1
CaliforniaPeggy Dec 2012 #2
Raster Dec 2012 #5
rwsanders Dec 2012 #38
indepat Dec 2012 #41
Comrade_McKenzie Dec 2012 #3
1StrongBlackMan Dec 2012 #6
TahitiNut Dec 2012 #29
1StrongBlackMan Dec 2012 #4
Hell Hath No Fury Dec 2012 #7
monmouth3 Dec 2012 #8
Initech Dec 2012 #9
CaliforniaPeggy Dec 2012 #17
DemoTex Dec 2012 #10
Mira Dec 2012 #11
DaveJ Dec 2012 #12
hifiguy Dec 2012 #13
MindPilot Dec 2012 #46
Paper Roses Dec 2012 #14
lobodons Dec 2012 #15
nadinbrzezinski Dec 2012 #16
SalviaBlue Dec 2012 #18
ismnotwasm Dec 2012 #19
CaliforniaPeggy Dec 2012 #20
The Wielding Truth Dec 2012 #21
99Forever Dec 2012 #22
leftstreet Dec 2012 #23
hue Dec 2012 #24
Enrique Dec 2012 #25
CaliforniaPeggy Dec 2012 #26
ReallyIAmAnOptimist Dec 2012 #49
patrice Dec 2012 #27
Whovian Dec 2012 #28
CaliforniaPeggy Dec 2012 #30
Matariki Dec 2012 #31
texshelters Dec 2012 #32
CaliforniaPeggy Dec 2012 #36
ProfessionalLeftist Dec 2012 #33
docgee Dec 2012 #34
CaliforniaPeggy Dec 2012 #35
texshelters Dec 2012 #37
jsr Dec 2012 #39
otohara Dec 2012 #40
gateley Dec 2012 #42
James48 Dec 2012 #43
BigMike63 Dec 2012 #44
Overseas Dec 2012 #45
Ganja Ninja Dec 2012 #47
CaliforniaPeggy Dec 2012 #48

Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 11:54 AM

1. Thanks for posting, Peggy!

Kick!!!

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Response to Raster (Reply #1)

Wed Dec 5, 2012, 11:58 AM

2. You're welcome, my dear Raster!

As soon as I saw it, I KNEW it had to come over here.

I knew the ratio was bad, but I didn't know it was this bad.

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Response to CaliforniaPeggy (Reply #2)

Wed Dec 5, 2012, 11:59 AM

5. oh yes, it is beyond bad. It is a DISGRACE!

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Response to Raster (Reply #5)

Wed Dec 5, 2012, 07:10 PM

38. I remember a Nightline episode back in the early 90's when the ratio was closer to 50:1

Ted Koppel interviewed the Japanese head of Sony and asked him what was wrong with American business:
1. Ratio of CEO pay to worker pay.
2. Lack of input from workers into how company is run.
3. Lack of job security.

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Response to Raster (Reply #5)

Wed Dec 5, 2012, 08:11 PM

41. This disgraceful ratio is brought to you by a corrupt and venal Congress which has largely promoted

the welfare of special interests (the 2% including large corporations) rather than the general welfare since the days the Gipper spread his bountiful wisdom on the nation.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 11:59 AM

3. We need a cap on CEO pay that makes it 20:1. nt

 

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Response to Comrade_McKenzie (Reply #3)

Wed Dec 5, 2012, 12:00 PM

6. Not a cap, per se ...

just make everything above that 20:1, non-deductible.

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Response to 1StrongBlackMan (Reply #6)

Wed Dec 5, 2012, 01:43 PM

29. I'd like to see Senior Executive pay ALL be after-tax ... like dividends.

As far as I'm concerned, they're just acting as proxies for ownership. Agents. Their "compensation" is nothing different than ownership taking money out of the business. Like dividends.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 11:59 AM

4. Not being a geographer; but ...

with the exceptions of Italy and Mexico, as one trends Westward, the gap increases.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 12:01 PM

7. Shared!

Fantastic graphic.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 12:02 PM

8. I knew it was bad but this is outrageous.. Whoah...n/t

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 12:46 PM

9. Along those same lines watch the end credits from the Will Ferrell flick "The Other Guys":

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Response to Initech (Reply #9)

Wed Dec 5, 2012, 01:18 PM

17. Wow, very slick!

And a lot of information! Wish i could slow it down so I could really absorb all the data...

Thank you!

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 12:51 PM

10. Factor in their preferential tax treatment ..

.. and US CEOs make out like bandits.

(Oops! I forgot. They often ARE bandits!)

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 12:53 PM

11. YUP - they're definitely the job creators


utterly disgusting, heart breaking, country destroying situation

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:07 PM

12. American culture is based on the slave economy

I don't mean to use the word "slave" lackadaisically, but that's how our country has founded and the same mentality exists today and probably forever. They think we need to be motivated by masters who are unapproachable in power. I would love for this notion to change, though.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:13 PM

13. Years ago I read that Akio Morita, the founder of Sony,

never took a salary of more than about $100,000 per year and lived in a modest apartment in Tokyo. Yeah, this was back in the 1970s, but Morita was quoted as saying that it would be "inappropriate" and unseemly to take more money.

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Response to hifiguy (Reply #13)

Thu Dec 6, 2012, 09:13 AM

46. I worked for Sony for many years...that is true.

Unfortunately, now that Morita has passed, the company seems to be dying too.

Although Sony tended to take on some of the corporate culture of whatever country they were operating in, they never let you forget that Sony is a Japanese company. The executives still had nice offices, but it wasn't unusual to see upper management working in cubes right alongside everyone else. They felt isolated in the big corner offices the American corporate culture provided.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:13 PM

14. Wow!. No wonder I came home from Xmas shopping in a real 'down' mood.

I can't spend on Christmas gifts what these folks probably spend on a dinner out.
Something is wrong here folks.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:15 PM

15. GOP response to graph

Then move to Japan why don't you.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:16 PM

16. This is a perfect setup

For social unrest.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:21 PM

18. Good one!

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:22 PM

19. Oh wow

That is awesome, thank you. I collect these things for wallpaper on my iPad--makes for interesting conversation

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Response to ismnotwasm (Reply #19)

Wed Dec 5, 2012, 01:25 PM

20. I believe that!

Oh, to be a fly on the wall in your house!

Or wherever you're having your conversations...

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:28 PM

21. I had no idea it was this bad!

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:32 PM

22. But.. but.. but...

.. they are the job creators and we are merely expenses that stifle the Holiest God of Profit.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:34 PM

23. DURec

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:35 PM

24. Thanks and posted on FB-->to go viral!!

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:35 PM

25. for people interested in the sourcing

ignore their "ruling", PolitiFact's rulings are worthless. But their information about where these numbers come from is very good imo.

http://www.politifact.com/truth-o-meter/statements/2011/oct/10/facebook-posts/viral-facebook-post-ceo-worker-pay-ratio-has-obscu/

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Response to Enrique (Reply #25)

Wed Dec 5, 2012, 01:37 PM

26. Thanks for the link!

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Response to Enrique (Reply #25)

Thu Dec 6, 2012, 01:22 PM

49. Thanks! Unsourced data makes me crazy...

...I'd sure like to see some up to date reliable data in a similar chart though.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 01:37 PM

27. Authentically shocking. Values??????

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Response to Whovian (Reply #28)

Wed Dec 5, 2012, 01:52 PM

30. I'm sorry.......I missed your post....

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 02:19 PM

31. There needs to be a day of reckoning.

Just saying...

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 02:23 PM

32. I hate to harp on this

but what is the source? I believe this is true, but is it too much to ask for a link or a citation?

PTxS

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Response to texshelters (Reply #32)

Wed Dec 5, 2012, 04:19 PM

36. Please see Post #34.

The picture I took from Facebook had no attribution.

And it is certainly not too much to ask!

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 02:52 PM

33. Politifact fact-check:

. . .

We located a scanned version of the paper on the Internet, and it did appear to be written by Prof. Mark Kroll. His institution wasnít listed, but after some additional searching, we found that Kroll had been teaching at the Louisiana Tech College of Business in 2005 and that he is now the business dean at the University of Texas at Brownsville. But it turns out he didnít write the paper after all.

"Actually, I am the Ďrecipientí of the paper you refer to," Kroll told us in an e-mail. "The paper was done as a class project by three of my students in a graduate class back in 2005. The 475-to-1 ratio that you reference is listed in a table in the paper the students wrote. They do not give a specific citation for the data in the table."

The paperís cover sheet fooled us -- as it fooled others -- because the professorís name appears in the middle of the page, and the three studentsí names appear together at the bottom in a less prominent spot. We tried to reach the co-authors -- Adam Choate, Dana Rowzee and Jerrod Tinsley, all of whom were working on their Master of Business Administration in 2005 -- but we did not hear back.

So how about the substance of the chart?

From previous fact-checks, we knew that American CEOs are generously paid, and we had confirmed that for ordinary Americans, incomes are stagnating.

But on the specific comparison of CEO pay and average-worker pay, we found two liberal groups -- the Economic Policy Institute and the Institute for Policy Studies -- that have produced long-running studies of this question.

. . .

. . .the most recent ratio from the Institute for Policy Studies is also smaller -- for 2010, it was 325 to 1. In previous years the ratio on two occasions has exceeded 475 to 1 -- to be specific, 516 to 1 in 1999 and 525 to 1 in 2000.


MORE...

http://www.politifact.com/truth-o-meter/statements/2011/oct/10/facebook-posts/viral-facebook-post-ceo-worker-pay-ratio-has-obscu/

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 02:54 PM

34. This is exaggerated... Here are the real figures:

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Response to docgee (Reply #34)

Wed Dec 5, 2012, 04:18 PM

35. Thank you........this does appear to be accurate. n/t

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Response to docgee (Reply #34)

Wed Dec 5, 2012, 06:26 PM

37. Thanks for

the citation and info. It's still bad, as you make clear.

PTxS

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 07:10 PM

39. Great chart.

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Response to CaliforniaPeggy (Original post)

Wed Dec 5, 2012, 10:03 PM

42. Infuriating! K&R!

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Response to CaliforniaPeggy (Original post)

Thu Dec 6, 2012, 07:47 AM

43. keeper. n/t

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Response to CaliforniaPeggy (Original post)


Response to CaliforniaPeggy (Original post)

Thu Dec 6, 2012, 09:07 AM

45. K&R. Very clear reason we need more revenue from the top.

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Response to CaliforniaPeggy (Original post)

Thu Dec 6, 2012, 09:32 AM

47. Remember this the next time someone tells you ...

American Business can't compete or when they start pissing and moaning about the corporate tax rate.

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Response to Ganja Ninja (Reply #47)

Thu Dec 6, 2012, 11:51 AM

48. Exactly right.

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