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No-Concert4588 t1_j5lkovp wrote

Is this average or median salaries? I’m guessing that a relatively small number of CEOs raise the average alot.

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burnshimself t1_j5mpzpu wrote

It’s the CEOs of the top 350 companies only, so basically CEOs of $100+ billion companies only. It’s not even the entire S&P500. Huge sample bias - obviously people running a $100 billion company are going to be high comped, and they are a highly highly successful group.

This data basically doesn’t apply to the standard small business or even a normal mid-to-large enterprise

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RealityIsMuchWorse t1_j5njnvr wrote

>obviously people running a $100 billion company are going to be high comped, and they are a highly highly successful group.

So you imply that there were no highly successful big companies in 1978?

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pookiedookie232 t1_j5myz3p wrote

"How dare you question my outrage!" - every child in an adult body on this sub

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sillychillly OP t1_j5lwtjy wrote

Good question!

“For the pay of the typical worker, we use average compensation (wages and salaries plus benefits) of a full-time, full-year production or nonsupervisory worker (a group that makes up about 80% of the private-sector workforce).”

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No-Concert4588 t1_j5nihos wrote

Thanks. Would be interesting to see CEO and worker compensations in the same subset of companies and separate salary from stock options.

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sillychillly OP t1_j5niljy wrote

I’m pretty sure that’s all in there.

These stats are specifically for the top 350 public companies in the US

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bigloser42 t1_j5mis2w wrote

I also think those rules should apply to union bosses(and anyone else who’s salary is paid by union dues) and members of Congress. They should get paid a fixed percentage of the average salary of those they represent plus a stipend for flights to and from DC when Congress is in session(one flight in, one flight out per session, but only if they actually fly to and from DC)

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