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#40774 - 01/03/12 01:06 PM You've heard of tax freedom day?
Lumberjack Offline
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Well today is "The CEO made your annual salary" day. By noon today, the average CEO made what you'll make all year.

It fell a day later this year because Jan 2nd was a holiday.

http://www.theglobeandmail.com/news/nati...article2289438/
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#40775 - 01/03/12 01:15 PM Re: You've heard of tax freedom day? [Re: Lumberjack]
ikayak Offline
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Registered: 04/08/09
Posts: 3685

Quote:
By noon today, the average CEO made what you'll make all year.


Untrue.
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#40779 - 01/03/12 01:44 PM Re: You've heard of tax freedom day? [Re: ikayak]
Lumberjack Offline
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Registered: 07/08/08
Posts: 3486
Originally Posted By: ikayak

Quote:
By noon today, the average CEO made what you'll make all year.


Untrue.


Okay, since the average US CEO makes 243 times the average worker, when will the CEO actually make that much?

http://www.epi.org/publication/ceo-ratio-average-worker/
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#40790 - 01/03/12 02:53 PM Re: You've heard of tax freedom day? [Re: Lumberjack]
ikayak Offline
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The article you first cited used elite Canadian CEO salaries:

Quote:
The 100 highest paid chief executives whose companies are listed on the S&P/TSX composite index


not "average" as you stated.

Salary.com lists the US national average CEO salary at $708,552.
That's $340.65 per hour,
4 hours = $1362.60

The US National Average Wage Index for 2010 was $41,673.83.

$1362.60 is significantly less than $41,673.83.

That is why I stated your first post is "untrue".

Quote:

when will the CEO actually make that much?


What difference does it make?


_________________________

"The true engine of economic growth will always be companies like Solyndra"...B.O.

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#40793 - 01/03/12 04:00 PM Re: You've heard of tax freedom day? [Re: ikayak]
Lumberjack Offline
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Posts: 3486
Salary dot com? Seriously?

Take it up with the Economic Policy Institute.

And Forbes.

Quote:
During 2003, about half of Fortune 500 CEO compensation was in cash pay and bonuses, and the other half in vested restricted stock, and gains from exercised stock options according to Forbes magazine.[3] Forbes magazine counted the 500 CEOs compensation to $3.3 billion during 2003 (which makes $6.6 million a piece), a figure that includes gains from stock call options used (the options may have been rewarded many years before the option to buy is used).


6.6 million is $3200/hour. EPI uses the Forbes CEO pay for the calculation.

Okay, so make it 5 pm, that's an hour from now. In the time it took me to type this, the average fortune 500 CEO made about $300, and I type pretty fast.
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#40805 - 01/03/12 06:33 PM Re: You've heard of tax freedom day? [Re: Lumberjack]
ikayak Offline
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Registered: 04/08/09
Posts: 3685


Your original post stated:

Quote:
the average CEO


Now you're changing that to Fortune 500 CEOs.

Do you think "the average CEO" in Grays Harbor County makes $3200 an hour?

I didn't think so.

Even at $3200 an hour, by noon, they didn't make as much as I made last year.

Your original post stands as "untrue".



_________________________

"The true engine of economic growth will always be companies like Solyndra"...B.O.

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#40810 - 01/03/12 07:48 PM Re: You've heard of tax freedom day? [Re: ikayak]
5th Offline
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Registered: 12/01/09
Posts: 735
Loc: Aberdeen
Originally Posted By: ikayak


Your original post stated:

Quote:
the average CEO


Now you're changing that to Fortune 500 CEOs.

Do you think "the average CEO" in Grays Harbor County makes $3200 an hour?

I didn't think so.

Even at $3200 an hour, by noon, they didn't make as much as I made last year.

Your original post stands as "untrue".

Head-Fucking-Shot
pwnage

Lumberjack respawns in 3...2...1...
_________________________
"The careful student of history will discover that Christianity has been of very little value in
advancing civilization, but has done a great deal toward retarding it."
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#40814 - 01/03/12 08:12 PM Re: You've heard of tax freedom day? [Re: ikayak]
Beavis H. Christ Offline
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Registered: 07/08/08
Posts: 3821
Loc: Heaven. Yeah, cool.
Originally Posted By: ikayak


Do you think "the average CEO" in Grays Harbor County makes $3200 an hour?


Where did LJ specify CEOs in Grays Harbor?

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#40817 - 01/03/12 08:46 PM Re: You've heard of tax freedom day? [Re: 5th]
Lumberjack Offline
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Registered: 07/08/08
Posts: 3486
MONKEY PANCAKES!
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#40818 - 01/03/12 08:52 PM Re: You've heard of tax freedom day? [Re: Lumberjack]
5th Offline
old hand

Registered: 12/01/09
Posts: 735
Loc: Aberdeen
Originally Posted By: Lumberjack
MONKEY PANCAKES!

Headshot
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5th respawns in 3...2...1....

Clever and true.
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"The careful student of history will discover that Christianity has been of very little value in
advancing civilization, but has done a great deal toward retarding it."
..........Matilda Joslyn Gage, "Woman, Church and State", 1893

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