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why do people cry about CEO pay but are fine with professional sports pay?

brianmanahan

brianmanahan

Lifer
all over P&N and the rest of the internets, people wale and moan about the unfairness of CEO pay. but you see nary a peep about the pay of NBA, MLB and NFL players!

why are they any different? there are very few people who can hit a home run on a 97 mph fastballl, just as there are very few people who can successfully navigate a multibillion dollar company. chances are no one here can do either. high demand, low supply = high prices... what is so inherently unfair about that?
 
The only people who complain are people who don't understand supply and demand. And because they don't understand supply and demand, they are inherently poor. Thus, only the poor/uneducated complain about this kind of stuff.
 
brianmanahan said:
all over P&N and the rest of the internets, people wale and moan about the unfairness of CEO pay. but you see nary a peep about the pay of NBA, MLB and NFL players!

why are they any different? there are very few people who can hit a home run on a 97 mph fastballl, just as there are very few people who can successfully navigate a multibillion dollar company. chances are no one here can do either. high demand, low supply = high prices... what is so inherently unfair about that?
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Some CEO pay comes at the direct expense of other people's liveihood, I'd say that's the reason I'd whine about it.
 
Rob M. said:
Some CEO pay comes at the direct expense of other people's liveihood, I'd say that's the reason I'd whine about it.
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Whose pay doesn't. At the end of the day we all get payed because somewhere down the line, some poor sap is forking over their money (that they got from the direct expense of some other poor sap).

Its all about envy. Someone else has more than me so I must be angry.
 
senttoschool said:
The only people who complain are people who don't understand supply and demand. And because they don't understand supply and demand, they are inherently poor. Thus, only the poor/uneducated complain about this kind of stuff.
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professional athletes make above market wages because IP makes their leagues into labor unions for athletes.
 
I have just as much of a problem with professional athletes pay as I do CEO's. What the market will bear is neither a good business model or economic one. I differentiate between them by putting business management practices and government policies in separate categories. It is not about fairness, it is about linking measurable performance to salaries. For the vast majority, there is no relation.
 
xBiffx said:
Whose pay doesn't. At the end of the day we all get payed because somewhere down the line, some poor sap is forking over their money (that they got from the direct expense of some other poor sap).

Its all about envy. Someone else has more than me so I must be angry.
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You didn't understand what I said.

http://www.nbcnews.com/id/38935053/ns/business-us_business/t/ceos-lay-thousands-rake-millions/

FWIW, I don't complain about CEO pay...but if I did, this would probably be the reason why.

They can make what they want -- CEOs and Pro ball players -- as long as it doesn't impeded my earning ability.
 
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Anarchist420 said:
professional athletes make above market wages because IP makes their leagues into labor unions for athletes.
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In a free market, Lebron James would get offers of $50 million/year from teams because he can single handily boost the value of a franchise by several hundred million dollars and boost revenue by tens of millions/year.

In a labor market, Lebron James is only paid about $20 million/year.
 
I think most of the complaining about CEO pay is related to CEOs who do a poor job managing their company, downsize large numbers of American workers, see massive losses, and still emerge with golden parachutes worth tens of millions of dollars. No one really cares that Bill Gates made billions running Microsoft; the company was successful, and he's turned into a massive philanthropist. But when someone like Richard Fuld drives Lehman Brothers into bankruptcy and helps to start a global financial crisis, he still gets rewarded to the tune of hundreds of millions of dollars; I think every single person on Earth with a brain can see how something like that is patently absurd.

And, for what it's worth, we have the same complaints about overpaid athletes when they fail to live up to their contracts. Just ask anyone in Atlanta how they felt about Joe Johnson last year.
 
Who cares what professional athletes make, they give it all back within 10 years anyways. CEOs steal all the money and hide it in foreign banks like Mitt Romney does. If they spent their money like drunken fools and were poor again within 10 years of leaving CEOhood then there would be no problems.
 
CEO's are just easy targets. People seem to have a big problem if their $10 toaster costs 25 cents more than they think it should but $1000 Superbowl tickets are no problem.
 
I complain about both and more. The salaries or athletes, CEOs and actors is ridiculous. Many people will argue that they deserve it but I would say teachers, firefighters, police officers, nurses deserve it more. I see it more as getting paid for your contribution.
 
I think pro athletes are overpaid, but their pay is tied to performance while CEO pay is tied to what other CEOs want to be paid.

Ultimately how much CEOs make doesn't concern me. 500k, 500m, 500b, whatever. What concerns me is this.
20111029_WOC689.gif


This isn't good for a society. It should concern everyone.
 
U.S. CEO pay is way over what the rest of the world pays their CEOs.
The way their pay is determined could be tweaked.
 
Atomic Playboy said:
I think most of the complaining about CEO pay is related to CEOs who do a poor job managing their company, downsize large numbers of American workers, see massive losses, and still emerge with golden parachutes worth tens of millions of dollars. No one really cares that Bill Gates made billions running Microsoft; the company was successful, and he's turned into a massive philanthropist. But when someone like Richard Fuld drives Lehman Brothers into bankruptcy and helps to start a global financial crisis, he still gets rewarded to the tune of hundreds of millions of dollars; I think every single person on Earth with a brain can see how something like that is patently absurd.

And, for what it's worth, we have the same complaints about overpaid athletes when they fail to live up to their contracts. Just ask anyone in Atlanta how they felt about Joe Johnson last year.
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Absolutely this. For every Tom Brady there is a thousand Jamarcus Russells in the CEO world. Golden Parachute abysmal performance and cost these companies thousands of jobs. I honestly think the top of their field deserves what they get. Its the bad CEOs that focus solely on the current quarter's numbers while not looking out for the overall future of the company and getting rewarded with golden parachutes that I have a problem with. If 90% of their pay was in the form of stock that they have to hold for 5+ years or ~2 years after they leave the company I honestly would have no problem with it because then their pay would be tied directly to what they did for the company.
 
Rob M. said:
Some CEO pay comes at the direct expense of other people's liveihood, I'd say that's the reason I'd whine about it.
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And sports teams get free stadiums built for them on the taxpayer dime so the owners and players can roll around in piles of cash.
 
The way CEO pay is determined is in general bullshit. The idea behind is sound. IE how much profit/value they generate from running a company.

The bullshit comes in play, when they can directly manipulate those numbers to give themselves a bigger check.

No worker can layoff thousands, so the stock price goes up which then increases their pay out. Or buy back shares to do the same thing.

And then finally they all site on each others boards, each voting on the others pay and salary.

Total crap.

Finally, if non of your employees get pensions, why do CEO's?
 
I think both are a joke.

Guy gets paid millions to play a game or a guy gets paid billions to exploit the work of others, the residents of this planet would be perfectly fine without either of them but both of them would be nowhere without all of us.
 
mchammer187 said:
Absolutely this. For every Tom Brady there is a thousand Jamarcus Russells in the CEO world. Golden Parachute abysmal performance and cost these companies thousands of jobs. I honestly think the top of their field deserves what they get. Its the bad CEOs that focus solely on the current quarter's numbers while not looking out for the overall future of the company and getting rewarded with golden parachutes that I have a problem with. If 90% of their pay was in the form of stock that they have to hold for 5+ years or ~2 years after they leave the company I honestly would have no problem with it because then their pay would be tied directly to what they did for the company.
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I like your idea. Right now its way to focused on short term results. Which can be tweaked to easily.
 
Theb said:
I think pro athletes are overpaid, but their pay is tied to performance while CEO pay is tied to what other CEOs want to be paid.

Ultimately how much CEOs make doesn't concern me. 500k, 500m, 500b, whatever. What concerns me is this.
20111029_WOC689.gif


This isn't good for a society. It should concern everyone.
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Everyone's pay was equal in 1979?
 
Nintendesert said:
Who cares what professional athletes make, they give it all back within 10 years anyways. CEOs steal all the money and hide it in foreign banks like Mitt Romney does. If they spent their money like drunken fools and were poor again within 10 years of leaving CEOhood then there would be no problems.
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LOLOLOL...and mostly true. Damn, that's funny (and true)! :biggrin:
 
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