Re: Biden economy prices Pacific NorthWest May 15, 2024

[Frank <"frank "@frank.net>]

On 5/18/2024 11:27 AM, Cindy Hamilton wrote:
> On 2024-05-18, Colour Sergeant Bourne <bourne@xxxxxxxx> wrote:
>> On 5/17/24 8:59 PM, Ed P wrote:
>>>
>>> What is the CEO pay ratio in the US?
>>> CEO versus worker pay U.S. 2022 | Statista
>>> In 2022, it was estimated that the CEO-to-worker compensation ratio was
>>> 344.3 in the United States. This indicates that, on average, CEOs
>>> received more than 344 times the annual average salary of production and
>>> nonsupervisory workers in the key industry of their firm
>>
>> So what...
>
> European and Japanese CEOs manage to scrape by on a ratio of somewhere
> around 57 (European) and between 12 and 50 (Japan).
>
> In the U.S. their compensation is a way of keeping score against other
> CEOs.  It's got nothing to do with how effective they are at their job.
>

I think their keeping score is also with the athletes and entertainers
making more money.