Very true. I once mocked the CEO of my previous employer to his face and asked him if he works 200 times harder than I do. Suits are so full of it.
His reaction was lame, he just sat there dazed, then moved on to another question as if I had said nothing and nobody even talked to me about it after…
akd432006 on
Average CEO pay is $16.2 million per year. That’s $62,300 per DAY.
Hefty-Station1704 on
Meanwhile it would take each of them 248 hours just to achieve what the typical Canadian worker does in 1 hour. We’re not talking about the creme of the mental crop here folks.
TopEagle4012 on
It’s worse in the US. It’s called unchecked capitalism, where the system is rigged for the rich to get richer.
macnbloo on
And these rich assholes will try to make us believe it’s those worse off than us that are making things difficult for us and not their hoarding of wealth
modsaretoddlers on
I’ve been going on about this for years, now. Nobody cares, apparently.
These are the people getting **your** money. People are sitting here trying to “solve” the housing crisis, the cost of living crisis, the inequality issues and a whole bunch of stuff, yet, when you tell them *this*, they shrug their shoulders and say, “Meh. What are ya’ gonna do?”
If you guys aren’t even going to get angry about these assholes taking all the money and leaving you to starve and die, you deserve it. Better to die on your feet than live on your knees.
hologrammmm on
Hot take but if you think the market should cap executive pay because it makes you mad while you still expect your pension funds and ETFs to outperform, you’re basically admitting you want capitalism’s returns without accepting how it prices talent and responsibility. But no one really thinks that hard.
Outside_Insect_3994 on
We don’t need or want this kind of inequality in Canada, why should anyone earn more than a whole family, extended family, their extended families and all their friends combined? I used to feel we were more equal here. Used to.
Canadian_Psycho on
This misleading stat comes out every year. It’s not average CEO pay as the top comment here characterizes it but the folks who publish this count on that because they’re just as dishonest as the CTF or The Frasier Institute.
These are specifically the top 100 CEOs. There are innumerable CEOs in Canada. Probably 10s of thousands. Some of them might own single employee companies, some of them might employ less than 50 people…there’s a whole range and if an honest survey were done I bet the average salary wold be something more like $100-150 thousand.
This is like surveying the top 100 sales people in all of Canada and arguing that sales people make too much money. Or how about the top 100 hockey players and then we can vilify every midget rep high school hockey player for being rich.
I’m all for calling out increasing wealth inequality and arguing that the system is rigged. But this is annoying af because it’s so blatantly dishonest.
Informal-Ad7660 on
Why every year must this be reported on?
cdnBacon on
Totally naive question:
What would happen (economically, socially, etc) if Canada adopted a law stating that the ratio between top wages and lowest wages in a corp was capped. Say at 50X.
I think we can all agree that a CEO making 50 times the amount per year that a janitor makes in the same company is still obscene. But just for arguments sake … what would the implications be of such a law?
Thoughts?
Fit-Internet4674 on
I just don’t get the “tax the rich” demands when our government legitimately acts like it has UNLIMITED money + resources and still can’t provide the services and quality of life YOU think taxing the rich will provide.
They can run deficits literally forever… look at the last 10 years and there plans going forward, there’s zero urgency because it’s possible. All “tax the rich” does is green light increase in taxes for EVERYONE. Why? Because more tax revenue is locked up in businesses and investments at the top. Totally supported by our government because those are people’s jobs. So who’s left to tax? Lower and middle class incomes and behaviour. Just so the Gov can still operate in deficits of BILLIONS anyway. So F em.
14 Comments
Very true. I once mocked the CEO of my previous employer to his face and asked him if he works 200 times harder than I do. Suits are so full of it.
His reaction was lame, he just sat there dazed, then moved on to another question as if I had said nothing and nobody even talked to me about it after…
Average CEO pay is $16.2 million per year. That’s $62,300 per DAY.
Meanwhile it would take each of them 248 hours just to achieve what the typical Canadian worker does in 1 hour. We’re not talking about the creme of the mental crop here folks.
It’s worse in the US. It’s called unchecked capitalism, where the system is rigged for the rich to get richer.
And these rich assholes will try to make us believe it’s those worse off than us that are making things difficult for us and not their hoarding of wealth
I’ve been going on about this for years, now. Nobody cares, apparently.
These are the people getting **your** money. People are sitting here trying to “solve” the housing crisis, the cost of living crisis, the inequality issues and a whole bunch of stuff, yet, when you tell them *this*, they shrug their shoulders and say, “Meh. What are ya’ gonna do?”
If you guys aren’t even going to get angry about these assholes taking all the money and leaving you to starve and die, you deserve it. Better to die on your feet than live on your knees.
Hot take but if you think the market should cap executive pay because it makes you mad while you still expect your pension funds and ETFs to outperform, you’re basically admitting you want capitalism’s returns without accepting how it prices talent and responsibility. But no one really thinks that hard.
We don’t need or want this kind of inequality in Canada, why should anyone earn more than a whole family, extended family, their extended families and all their friends combined? I used to feel we were more equal here. Used to.
This misleading stat comes out every year. It’s not average CEO pay as the top comment here characterizes it but the folks who publish this count on that because they’re just as dishonest as the CTF or The Frasier Institute.
These are specifically the top 100 CEOs. There are innumerable CEOs in Canada. Probably 10s of thousands. Some of them might own single employee companies, some of them might employ less than 50 people…there’s a whole range and if an honest survey were done I bet the average salary wold be something more like $100-150 thousand.
This is like surveying the top 100 sales people in all of Canada and arguing that sales people make too much money. Or how about the top 100 hockey players and then we can vilify every midget rep high school hockey player for being rich.
I’m all for calling out increasing wealth inequality and arguing that the system is rigged. But this is annoying af because it’s so blatantly dishonest.
Why every year must this be reported on?
Totally naive question:
What would happen (economically, socially, etc) if Canada adopted a law stating that the ratio between top wages and lowest wages in a corp was capped. Say at 50X.
I think we can all agree that a CEO making 50 times the amount per year that a janitor makes in the same company is still obscene. But just for arguments sake … what would the implications be of such a law?
Thoughts?
I just don’t get the “tax the rich” demands when our government legitimately acts like it has UNLIMITED money + resources and still can’t provide the services and quality of life YOU think taxing the rich will provide.
They can run deficits literally forever… look at the last 10 years and there plans going forward, there’s zero urgency because it’s possible. All “tax the rich” does is green light increase in taxes for EVERYONE. Why? Because more tax revenue is locked up in businesses and investments at the top. Totally supported by our government because those are people’s jobs. So who’s left to tax? Lower and middle class incomes and behaviour. Just so the Gov can still operate in deficits of BILLIONS anyway. So F em.
I wanna be a CEO 🙁
/