How come no one worries that a CEO is paid too much?

[TBF]

Check out the propaganda article on USA Today:


Swiss to vote on $25 an hour minimum wage
Helena Bachmann, Special for USA TODAY 3:14 p.m. EDT May 16, 2014

(Photo: Laurent Gillieron, AP)

GENEVA, Switzerland – A vote on Sunday to establish a minimum wage of $25 an hour would make mostly immigrants here in agriculture, housekeeping, and catering among the world's highest paid unskilled workforce.

The vote comes after hundreds of fast-food workers walked off their jobs in many U.S. cities and in more than 30 countries on Thursday in a protest for higher wages. If the Swiss proposal passes, the country would have the highest minimum wage in the world.

But some who would be eligible for the higher wage worry that it may do more harm than good.

Luisa Almeida is an immigrant from Portugal who works in Switzerland as a housekeeper and nanny. Almeida's earnings of $3,250 a month are below the proposed minimum wage but still much more than she'd make in Portugal. Since she is not a Swiss citizen, she cannot vote but if she could, "I would vote 'no'," she says ...


More here if you can stomach it: http://www.usatoday.com/story/news/world/2014/05/16/swiss-minimum-wage/9166687/

[catrose]

1. Maybe soon...

Citibank's shareholders objected to CEO raises and voted against them…but their vote is advisory only.
http://usatoday30.usatoday.com/money/companies/management/story/2012-04-18/citigroup-executive-pay-shareholders/54377436/1
http://usatoday30.usatoday.com/money/companies/management/story/2012-04-18/shareholders-say-on-ceo-pay/54397394/1

[TBF]

4. I'm glad to see it's starting

to be addressed.

[Frustratedlady]

2. I have never understood why there isn't an uprising

from stockholders. These monster/obscene bonuses or salaries are taking money out of their pockets.

[TBF]

3. That's a really good point. nt

[Travis_0004]

5. Its not really even a blip on the radar

I choose Lowes, as an example, since I worked there for 5 years, and still own a bit of stock in the company.

Lowes has 1,018,776,409 shares of stock available.

Lets round down to 1 billion.

Niblcok made 18.7 million last year, which means his compensation costs me less than 2 cents for every share of stock I own. I've owned the stock for about 3 years, and it has doubled, so most shareholders really don't have anything to be upset about.

[TBF]

6. Then how could it possibly hurt

to pay workers a decent wage?