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originally posted by: JesseVentura
a reply to: Mirthful Me
Having multiple sources of income that together lead to higher then average earnings, like your example of athletes earning money through endorsements, etc, is different than a CEO that earns 800x the average American from only one source of income. I'm proposing that the earnings coming from each 'job' need to be limited by the maximum wage.
originally posted by: LoneGunMan
The stock holders got a huge payday? What about the average employees that are the backbone of the company? Did they get a piece of the action? Whatever happened to compesaring the hard working Joe who used to be the middle class?
While many executives who take a one-dollar salary also choose not to take any other forms of compensation, a number earn millions more in bonuses and/or other forms of compensation. For example, in 2010–11 Oracle Founder and CEO Larry Ellison made only $1 in salary, but earned over $77 million in other forms of compensation.