Are CEO's paid too much?

Australia
October 11, 2016 12:26pm CST
I can't believe some companies underpay their workers so the CEO's of companies get paid more money. The underpaid worker who probably busts a gut for an average pay deserves a pay rise rather than the CEO who probably swings on a chair inside the office. I understand that it's not always smooth sailing for CEO's and it's not as easy what everyone thinks it is, but do you reckon it's easy on the underpaid worker. An example is my friend who works for ANZ as a administrative clerk. He got underpaid nearly half his hourly rate because ANZ didn't have enough money to pay the CEO his royalties, mind you ANZ records millions, maybe even billion dollar profits a year. So he complained to the union who resolved the issue, after other reports raised with similar circumstances occurred. My friend is back to his normal hourly rate now. Overall are CEO's of campaniles getting paid to much and making it unfair for other workers?
4 people like this
4 responses
@Bluedoll (17054)
• Canada
12 Oct 16
Chief executive officers can be paid anything by an independant company? Income tax is another story.
1 person likes this
• Australia
12 Oct 16
@Bluedoll well whatever it is, i know for a fact that employees get underpaid so companies can pay for their CEO's loyalties.
@Bluedoll (17054)
• Canada
12 Oct 16
@IlijaMarkovski all i meant is that independent companies are independent unless regulated by government or union regulations. However salaries are taxable so that is where equality can be derived?
1 person likes this
• Australia
12 Oct 16
@Bluedoll Okay understood, so working for independent companies wouldn't be ideal then, because you'll likely not get paid a fair wage.
@yugocean (8799)
• India
12 Oct 16
In my views, all employees must be paid equal, and rise must be on hardwork and experience. CEO can be paid royalty, but only if real workforce is paid better. If workforce is paid low, then CEO must also get low payment triple or quadruple salary than worker is enough.
1 person likes this
• Australia
12 Oct 16
@yugocean Yes but unfortunately the CEO's will never get paid lower. They will screw the pay of all the other employees and pay the CEO's his royalties and all his other payments as per normal. Would you agree?
1 person likes this
@yugocean (8799)
• India
12 Oct 16
@IlijaMarkovski Employees keep a company working, CEO is also a paid employee who is on top post. It is duty of CEO to keep company in best, this cannot be done if Employees are paid low. A company if cannot pay their employees properly, then it should share their burden and give their family proper and free Education, Health, transport and Home to live with proper paid holidays.
1 person likes this
• Australia
12 Oct 16
@yugocean Yep i agree with you but that's not going to happen at least i don't like the chances. Companies try and cut their employees pay, every opportunity they can get. Giving them free stuff will be a bonus.
1 person likes this
@SIMPLYD (81659)
• Philippines
12 Oct 16
Yes , they are paid the highest . It's sad that that's the case with your friend . So unfair labor practice . He can sue for unfair labor practice .
1 person likes this
• Australia
12 Oct 16
@SIMPLYD Unfortunately the union investigated and the company put him back on his normal hourly rate, but didn't get compensated for the unfair rate he got paid before the union knew. Do you know any people who have been underpaid for any reason?
1 person likes this
@SIMPLYD (81659)
• Philippines
13 Oct 16
@IlijaMarkovski Some small companies underpay their employees , knowing that because they are in dire need of the money , they won't complain .
1 person likes this
• Australia
13 Oct 16
@SIMPLYD Yes exactly and that's what companies want, people who work for as little as possible. I've seen it a lot of times here in Australia. Do you see it a lot in your country?
1 person likes this
@EddieHands (37814)
• United States
11 Oct 16
Yes they are greedy. They need to share their money with me!
1 person likes this
• Australia
12 Oct 16
@EddieHands they surely are and they definitely should.
1 person likes this
@EddieHands (37814)
• United States
12 Oct 16
@IlijaMarkovski oh yes they should. I want to buy all the cherry pie.
1 person likes this
@yugocean (8799)
• India
12 Oct 16
why with you?