July 2, 2015
I work as a financial analyst at a large public company. It seems that a disproportionate amount of time and money is spent on the CEO, his pay, his benefits, and all of the rules surrounding all of that.
This pay ratio stuff may be interesting, but it does NOT go far enough. What difference will it make if he makes 44x the average employee, or 55x or whatever.
What we need is a cap on CEO pay. The guy poops just like the rest of us, and let me tell you, it stinks just like the rest of us. Why that guy should be making so much snatch is well beyond me, and I have an MBA from a name Ivy school.
Yet, in this era of the haves and the have nots, this guy has everything. A boat, a place in the Hamptons, a ski chalet, a place in Florida, and the company jet to cart him and his family's keesters to all of those places all on the company's dime.
So at the end of the day, we spend all this time catering to this guy, who is really not that different from any of the rest of us humps at this place, except he's a multimillionare and we've got to worry about getting the cash up to pay the property taxes on our 3 bedroom places in Jersey.
I say to the SEC, this pay ratio is a bunch of hooey. I think the government should require all companies to make a real cap on pay so that we don't have a situation where we have such a disparity in salaries that there is a revolt in the kingdom.
Now O'Bama and DeBlazio's ideas may go a little too far -- we should not go and become socialists, but we should rein in the pay of these guys who are not superstars in anyone's book. Thank you for letting me vent here.