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Behind Rising Inequality: More Unequal Companies

8 pointsby softdev12over 9 years ago

1 comment

cryoshonover 9 years ago
Locked behind a paywall, but I&#x27;ll weigh in anyway. I did some quick calculations. I assume my company is representative of the general state of affairs elsewhere. Maybe I&#x27;m wrong, but whatever. The WSJ wants to talk about inequality within companies, so let&#x27;s see exactly who is better off than who.<p>My company has greater than 200 people, positive cashflow, and products in the pipeline. The CEO of my company makes 136 times as much money as a median technical employee; these employees constitute the company&#x27;s lifeblood and the company could not function in any capacity without them. They are paid slightly less than industry standard, though the other benefits and vacation package is industry standard.<p>The admin&#x2F;HR&#x2F;logistics people are the actual median in terms of frequency of people, and make 1&#x2F;187th as much as the CEO. They are paid industry standard. The rest of the C-suite makes slightly less than the CEO, but similar; all of them make at least 100x as much as either median I&#x27;ve described, and there are of them total.<p>Seems like the cash is trapped at the very top at my firm, and probably most firms. Even a little redistribution would result in huge marginal gain for employees (2X) and little to no marginal loss for the leadership (-1&#x2F;136th or whatever). I guess this harkens back to the old days when a CEO would &quot;only&quot; make 30x as much as a median employee. I&#x27;d prefer it if things were more like that.