DailyKos brilliance - Sure, if you'll also tie CEO pay to that in Europe and Japan

[Phoebe Loosinhouse]

http://www.dailykos.com/story/2008/12/21/14831/811/482/675817
Call Their Bluff! Tie CEO pay in the U.S. to CEO pay in Europe and Japan
by rok for dean
Sun Dec 21, 2008 at 11:14:48 AM PST

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In 1950, the average pay of an S&P 500 CEO was less than 30 times that of an average U.S. worker; by 1980, prior to the "Reagan Revolution, the average pay of the S&P 500 CEO was approximately 50 times higher than that of an average U.S worker. But by 2007, the average pay of an S&P 500 CEO had soared to more than 350 times as much as that of an average U.S. worker.

This is both immoral and unsustainable in a democracy. By way of comparison, in Europe, an average CEO only makes 22 times as much as an average worker, and in Japan, only 17 times as much.

If America wants to be competitive again, we need to reduce CEO pay to a level comparable to CEO pay in Europe and Japan. I know exactly how to accomplish this feat. The UAW should agree to immediately lower U.S. union worker pay to a level equal to the level paid by their non-union, non-American competitors. In return, auto CEO’s must agree to permanently lower their compensation to only 20 times that of an average union worker.

[ananda]

1. Only 20 times more than a union worker!

Sheesh.

Two or three times more would be more
than fair.

[bemildred]

2. Excellent.

Resigning and taking blame when you fuck things up is good too.

[malaise]

3. The absolute truth

I agree 100%.

[Ikonoklast]

4. Got it in one.

Truth.

[StudsT]

5. OutSOURCE the CxO's - with ALL the money we'd save, we could BUY China ;)

Japan Airlines CEO Makes 80K a Year

http://www.youtube.com/watch?v=WYSZ8TUa3Vg&feature=related

StudsT

[many a good man]

6. Sounds fair to me

Brilliant!

[Peregrine Took]

7. This IS brilliant - we need to spread the word. n/t

[DeepBlueC]

8. that would make my day

:)

[The Backlash Cometh]

9. We beat Dailykos by two days.

"If the worker's salaries have to stay in line with foreign competion,why isn't the CEO's salary/bonus situations doing the same? Isn't it a violation of the Fourteenth Amendment - Equal Protection Under the law - to set up two different classes of people and treat them differently?"

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=3652488#3652607

[dysfunctional press]

14. actually- we beat them by another week before that...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4636612&mesg_id=4636873

why not have u.s. executives & CEO's match the pay structure of foriegn companies? NOBODY in the world is as obscenely over-compensated as many u.s. ceo's.

[Waiting For Everyman]

10. Absolutely necessary.

If it doesn't happen by agreement, then we need an excess income tax.

[Snotcicles]

11. And while we are at it, lets par-up all elected officials pay with Europe and Japan. nt

[Lorien]

12. Only problem with this idea: Japan and the EU have Universal Health Care

give us that and we'll take it!

[lifesbeautifulmagic]

13. what kills me is these people actually think they are worth that kind

of money, They seriously do...talk about deluded.