I have heard people say that CEO compensation isn’t really out of balance with their responsibilities. Really? Take a typical S&P 500 CEO. If they earn 1.5 million in salary, that is equivalent to 1,500,000/52/5/8 = $721.15 per hour. Considering minimum wage is currently $7.25 an hour. Ok, so a typical CEO makes 100 times that of a minimum wage worker in salary. The reality, though is that only a fraction of the typical CEO’s compensation comes in as salary. The AFL-CIO database of CEO compensation lists the average compensation for S&P 500 executives at $10,836,843 a year. In other words: $10,836,843/52/5/8 = $5210 per hour.
I think we should eliminate executive restrooms. Here is my reasoning: Let’s say the typical S&P CEO visits the restroom three times a day during normal business hours, at five minutes a trip this adds up to 15 minutes a day. $5210/hour equates to $86 a minute, thus the CEO costs the company $1290 a day in bathroom trips. If this is a daily occurrence, $1290*5*52 = $335,400 a year to go to the bathroom.
Considering the President of the United States is compensated $400K a year, well, I’ll let you make the leap.
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