Outrageous Executive Perks

[Platapus]

Originally Posted by vienna

It's really a matter of perspective:

Let's say the average U.S. salary is $50,000 per year. Let's say an executive earns $1,000.000 per year. The executive's salary is equivalent to 20 (twenty) time more than the average salary or 20 years worth of an average worker's effort. What did the the executive do that is worth 20 years of an average worker's annual salary? Now take an executive earning $10,000,000 per year; this is equivalent to 200 (two hundred) year's woth of an average worker's annual salary. Did ths executive do somethig in that one year that is worth 200 times the average worker's effort or 10 time the first excutives effort?

Well, yes actually they did. The company made money while they were in charge. Being a CEO is like being the Captain of a ship.

If things work out great, the CEO takes the credit
If things don't work our great, the CEO gets the blame

Just like a Captain, whether the Captain did or did not do a good job is irrelevant.

What I can't understand is CEOs with huge benefits who don't make money for their company.