How Many Workers Can You Hire for the Price of One CEO?
Here is one number: 1461
CVS Caremark (CVS)
Thomas M. Ryan: $30.4 million (2009 Compensation)
Starting Cashier: $8/hour, $20,800/year
One CEO = 1,461 entry-level employees
Finally, will greed kill capitalism? One can not blame corporations- their sole purpose is to make money for their stockholders. Greed is in their DNA. It is like teaching is stranded in educators or play is in professional athletes. This is not bad, in fact it is good, because we need profit-making corporations for jobs and the like. We need “something” to require sharing of wealth. Socialism, you scream? Well, if the President of the United States can fire the CEO of GM, aren’t we already there?
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