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Originally Posted by bing
This comment is in reference to what you said about the movement itself, but I think lots of people make comparisons to CEO salaries, but not as often about athletes who make millions themselves. If you are OK with athletes making tons of $, what difference is it if its a CEO? They both have "talents", except one is in his ability to run a company.
CEOs make crucial decisions that can affect the profitability of companies in the millions, can the average worker do this? I wouldn't bet on it. Good CEOs are constantly head hunted by other firms (which partly explains why you need to give them incentives to stay). They also tend to have professional degrees (at the minimum an undergrad, lots have MBAs and some have an LLB as well) and work extremely long hours compared to the average worker. Essentially, work becomes life. Is the average worker willing to do this? At the end of the day, the CEO is still an employee. What about people that actually own the companies and make much much more? If a CEO made 20 million a year (some make much more in stock options, some make as little as a few hundred thousand), and there was a cap, it still does not mean the $ goes to the workers, it just sits in the company coffers or goes to investors in the form of dividends.
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Doctors make life and death decisions daily, arguably work in an occupation that requires a higher skill set than a CEO, have a much more extensive education than anyone working in business is required, are in extremely high demand all over the world, also work long hours and are always on call; given that, one would think that a doctor should be entitled to equal or greater pay than a CEO.
Yes, a CEO has a demanding job that requires a significant set of skills, but in comparison to other highly skilled occupations they are still earning far to much.