pipejockey
Well-known member
- Joined
- Nov 7, 2003
- Posts
- 1,041
Back 30 years ago it was closer to 17 times that of the average laborer. Japan, and most of Europe is still in that neighborhood. We have lost our way and are feeling it in the economy and the recent election. The people have finally had enough and we are in store for major changes. Enjoy the ride!
Also from what I understand, in some other European Countries and Australia, management can't take away ones pension in bankruptcy. The pensions are one of the first things that are protected by law, unlike the archaic anti-labor policies allowed in this country.
And I would still be happy if CEO's compensation was merely 40 times that of their average labor. 17 times would certainly be nice, but lets not get ahead of our selves. And here's to hoping that Obama's promise of change includes putting some restrictions on these CEO's who have run rampant for far too long. And rebuilding the middle class! Lets hope that it is indeed a sweet ride!