The fact that executives in many major companies find it reasonable that their pay is often more than 600 times (not including bonuses) that of the very people they depend on to keep said company afloat.
These same executives would rather cut jobs than take pay cuts. (*** Warning word Problem ahead***) For instance, you have to cut 1,000 jobs to reach a certain financial goal on your balance sheet. Now let\'s say you have a board room with 12 executives earning on average 500 times (because the CEO most likely makes more than the CFO etc.) that of the 1,000 employees\' salaries being removed from the books (this is not inconceivable). Well those executives could each take a pay cut of about 1.4% rather than ruin the lives of 1,000 people. And I\'m not even thinking Wal-Mart type corporations where the gap is most likely much wider than 500 times.
Check my math, I hope I did that right. I used 1 as the employee salary.
Execs total salary (6,000), Employees total salary (1,000).
1,000/6,000 = 16.67%
16.67%/12 = 1.38% a piece.
It\'s been a while since algebra. :hscratch:
