Except the company was a regiment in the Soviet army in 1952. Regimental commanders were paid about 3000 rubles a month, and privates 50.
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I was shocked to read about a company in which the CEO was paid 60x as much as ordinary employees. Typical late stage capitalism, I thought.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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The shareholders must have approved, so what stake does the SEC have?
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So not a company at all...
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This could have been at least funny if it were a battalion but everyone knows regiments are no laughing matter.
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Try 600x Jamie Dimon was paid $31 mi last year, consider the average employee on JP earning U$70k/yr.
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His base salary is $1.5m. The rest is incentive pay tied to the performance.
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Typical? Sorry, that would be a major improvement. 361x is the current average. Some companies have much higher ratios than that https://www.forbes.com/sites/dianahembree/2018/05/22/ceo-pay-skyrockets-to-361-times-that-of-the-average-worker/ …
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That’s the average for the 500 top CEOs of the top 500 companies. That’s not the average for CEOs. The intention of the article is to conflate these two completely different things, leaving the reader confused, uninformed, and angry.
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Well, except: that's pretty much exactly what people understand "late stage capitalism" to mean.
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