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Also,... The corporation hires a CEO. Formation of a corporation requires directors. Owners can appoint themselves as directors, but directors are not necessarily owners.  Directors of the corporation then hire a CEO(and other hired officers such as CFO etc.). CEO's are merely employees, though can be more depending on conflicts of interest.

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Will Bill the 4300 came from simple math. 588 thousand workers in Oakland county according to the state statistics. You ceo to worker ration was used to divide the worker number in Oakland county by the number of workers per ceo. That gave us 4300 ceo positions on average.

 

If your salary info was for major corporations then why is the ratio 137 to 1? There isn't one major corp for every 137 workers.

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The ratios given were not the number of CEO's to workers, they were the pay ratios for each.

 

The average CEO of a major corporation makes 364 times more per hour than a minimum wage worker makes.

 

For instance, the average corporate CEO in Michigan makes $5,609,171 per year. The average worker in Michigan makes $40,898.

 

So the average CEO in Michigan makes 137 times as much as the average worker, or 365 times as much as a minimum wage worker.

 

In contrast the average Japanese CEO in 2012 made 67 times what the average Japanese worker earned.

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I guess if we can get the supposed Christian "moral majority"  to believe in corporate ethics and morals more than who marries who and who gets an abortion, we may actually realize that a CEO is not worth the man hours of 137 people. :-)

 

They are greatly concerned with the babies up until the moment of birth. Then they become freeloaders.

 

As far as hiring more workers. I was a union steward and during contract negotiations we were told that due to increases in insurance costs they would have to eliminate two positions that paid roughly $35,000 per year. We gave concessions on the insurance in order to save the jobs.

 

Two days after the contract was signed the company took delivery of a conference table that cost $70,000.

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That's how they want it.  The less jobs there are the less they have to pay people to do those jobs.  Make everyone scared to lose them so they don't ask for raises.  I can not wait till there are more than enough jobs and landscapers are able to charge $100/hr to cut rich people's lawns because they are too lazy and don't know how to run a lawnmower.  When are the meek to inherit the earth already! :)

 

The CEO and the owners are the most useless thing to a company.  They are the one thing you can loose in the equation and still have it work.  If there were no such thing as money a company could still run with all the employees.  Money is the only thing that gives a ceo and owners any value in the equation.

Edited by Norby
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That makes sense. Private companies love to pay for useless positions. Helps the bottom line.

 

:rolleyes:

If you have had the 'life experiences' that have shown you these useless f's then you know all about them. No one will change your mind about what you have seen and experienced first hand.  If you have been in one of these 'useless positions', where useless meetings and meaningless tasks were your job, then I'm sure you can't see it. You would just roll your eyes sarcastically when someone points it out to you.  

Edited by Restorium2
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