Quote:
Originally Posted by Vexx
It depends on whether you mean "average" or "median"... but recognize this. Even if you make $200K, $400K and most of that income is from actual work rather than investing ... you're still a peasant compared to the sheer number of zeros these CEOs, plutocrats, and ultra-wealthy pull in.
Lets say you make $250K/yr working ... the average CEO in the S&P500 pulls in $13million a year (note the word "average"). That means you are making about 2% of what the *average* CEO makes. You're not only not in the country club, but they can't even tell the difference between you and the guy making $40K a year.
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That's slightly false logic. The S&P 500 are the 500
largest companies in the world, so obviously their CEOs will tend to make large quantities of money, but there's plenty of CEOs of smaller companies that make substantially less.
Though I'd agree that the guys at the top make obscene levels of money, but it's not quite so dramatic. And most of the "rich" are making in the hundreds of thousands to the millions a year range, and are still plenty influential.
Though I don't see why CEOs earn that much anyway. How much influence can one man really have?