Drudge Retort: The Other Side of the News
Wednesday, May 16, 2018

The first comprehensive study of the massive pay gap between the US executive suite and average workers has found that the average CEO-to-worker pay ratio has now reached 339 to 1, with the highest gap approaching 5,000 to 1. The study, titled Rewarding Or Hoarding?, was published on Wednesday by Minnesota's Democratic US congressman Keith Ellison, and includes data on almost 14 million workers at 225 US companies with total annual revenues of $6.3tn. Just the summary makes for sober reading. In 188 of the 225 companies in the report's database, a single chief executive's pay could be used to pay more than 100 workers; the average worker at 219 of the 225 companies studied would need to work at least 45 years to earn what their CEO makes in one

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Lower tax rates will only exacerbate this situation. The lowest ratio of CEO to average worker was achieved when highest marginal tax rates were 90%.

#1 | Posted by danni at 2018-05-16 11:19 AM | Reply

Give these C-suite executives a break. Due to stress of their jobs, more and more are dropping dead on golf courses around the globe.

Dear Jesus they need another tax cut.

#2 | Posted by 726 at 2018-05-16 11:49 AM | Reply | Newsworthy 1

#1 That's because it wasn't profitable to steal from the workers.

#3 | Posted by 726 at 2018-05-16 11:49 AM | Reply

"the average worker at 219 of the 225 companies studied would need to work at least 45 years to earn what their CEO makes in one"

Which is why the average American worker is foolish to let themselves be bought off by the paltry tax cut that Trump and the GOP gave them while at the same time giving huge tax cuts/breaks to the wealthy.

#4 | Posted by Gal_Tuesday at 2018-05-16 12:00 PM | Reply

dear middle class

this is obviously the fault of the poor

Now excuse me while I park my little boat inside my big boat

Sincerely

Fox News

#5 | Posted by ChiefTutMoses at 2018-05-16 02:36 PM | Reply | Funny: 5

#1 That's because it wasn't profitable to steal from the workers.
#3 | Posted by 726 at 2018-05-16 11:49 AM

I dunno, Silverstein was able to claim multiple terrorist attacks and get double his insurance claim.

That makes 1500 those 3000ish lives worth at least 3.55 billion.

#6 | Posted by redlightrobot at 2018-05-16 06:43 PM | Reply

Soon after the September 11 attacks, in 2001, Silverstein declared his intent to rebuild, though he and his insurers became embroiled in a multi-year dispute over whether the attacks had constituted one event or two under the terms of the insurance policy, which provided for a maximum of $3.55 billion coverage per event.[2] A settlement was reached in 2007, with insurers agreeing to pay out $4.55 billion,[3][4] which was not as much as Silverstein had sought. - Wiki

Oopsie, they agreed to pay out 4.55 billion instead of his 7 billion claim. But still, lives are money.

#7 | Posted by redlightrobot at 2018-05-16 06:47 PM | Reply

Please, enter stage right ---------------------------------- to tell how Clinton would have been worse.

#8 | Posted by e1g1 at 2018-05-16 07:20 PM | Reply | Newsworthy 1

The Japanese are a fiercely capitalist people and they have a law stating that the highest aid employee in a company can only have a certain ratio of income in comparison to the lowest paid employee.

We would do well to swipe this concept.

#9 | Posted by Tor at 2018-05-16 08:06 PM | Reply | Newsworthy 1

The Japanese also apologize when their trains leave 25 seconds early.

Unfortunately we wont learn from them

#10 | Posted by truthhurts at 2018-05-16 08:07 PM | Reply

Why be ashamed of copying good ideas from countries we are good friends with?

#11 | Posted by Tor at 2018-05-16 08:18 PM | Reply

#11 Sure why not?

Nuk'in Japan twice was a great idea. But the door swings both ways...

Now Japanese military want Nukes to protect themselves from NKorea who are rumored to be building a Mechazilla.

The whole Fukashema thing was just a trial run...

China, N Korea and now Japan with Nukes.
Asia's future looks very bright indeed.
Good place to ship even more American jobs.

Here's hoping many CEO's go out there to run things...

#12 | Posted by Pegasus at 2018-05-17 04:38 PM | Reply

We had to either break their culture or kill c. 80% of japan.

And since then our nations have usually replicated and improved each other.

#13 | Posted by Tor at 2018-05-17 06:16 PM | Reply

Problem?

#14 | Posted by MSgt at 2018-05-17 11:46 PM | Reply

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