Look it up, Charlie, most of that "wage" is not a wage, but stock options
and deferred compensation, and there are performance conditions set on that.
Know many folks on the line who would go for a performance-oriented wage?

Regular retirement plans are deferred compensation, but the rank-and-file
never see them as such, nor do they know the cost of any other benefits.
GM, for instance, passed one retiree for every two active workers a few
years back, and the health plan for retirees is the same PPO the regulars
get. Makes for a tremendous competitive advantage for the foreign makers,
wouldn't you think?

Oh yes, I doubt that companies of 50K employees are paying 100 million CEO
salaries. That kind of money just isn't there, unless you're in something
besides manufacturing, or your employees are Chinese.

Besides, isn't paying people what they're worth a liberal shibboleth?

"Charlie Self" wrote in message
...
George responds:

You might want to check on the comparative wages of the Japanese and US
auto
workers at the time indicated. Not to mention the pensions. Take the
CEO
back to a dollar a week, and it wouldn't add a dollar a week to everyone
else.

Sheesh!

On the basis of today's CEO salaries, it sure as hell would. Drop a 100
million
buck a year man back to a buck a week, and even a company with 50,000
employees
would get a little back (about two grand a year)...but you can bet it
wouldn't
go into lower echelon salaries anyway. Stockholders might see some of it,
but
most would just lose visibility.

Charlie Self
"A judge is a law student who marks his own examination papers." H. L.
Mencken