Saturday, June 22, 2024

Fast Company Demonizes CEOs While Pushing Leftist Agenda


reports in a new article that American CEOs are grossly overpaid. The problem is that they're not – the median CEO pay is $189,520. No, that's right, there are 199,240 CEOs in the U.S. About 200k CEOs and the median average pay is $200k. Sure, it's a nice amount to get, but it's not billionaire riches.

But that's not what we get from Fast Company. Instead:

“The question of what fair actually means when it comes to pay is incredibly complicated (this essay can help formulate some answers) and the data pulled together here reflects a single moment in time. That's an important distinction: Unlike most workers, CEOs often don't have to work many hours to start earning big bucks.

“Don't shed any tears for the lowest-paid CEOs, because many of them received generous stock bonuses in previous fiscal years and are already billionaires, despite showing a degree of modesty in their most recent filings. On the flip side, executives with eye-popping pay in this latest round of filings tip the scales in large part because this is their year to reap those huge stock payouts.” 

Following Fast Company logic, just get into the corner office, and you'll be flying private for the rest of your life. But as those first numbers show (and they're from the government, the ), that just isn't true.

We can see where Fast Company goes wrong because they use as their example Bob Iger at Disney: “Understanding out-of-control CEO pay—and why it's a problem.”

Iger is their poster child for this “out of control” pay.

“Iger's November 2022 contract with Disney included a base salary of $1 million, the potential for a bonus equal to 100% of that salary, and $25 million in Disney , for a total of $27 million. ‘There he is sitting in his designer clothes, just got off his private jet at the billionair