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    Keith Ellison Thinks It’s a ‘Very Good Idea’ For Congress to Regulate CEO Pay

    Keith Ellison Thinks It’s a ‘Very Good Idea’ For Congress to Regulate CEO Pay

    Weird. He makes a lot more than his employees.

    Rep. Keith Ellison (D-MN) thinks that the government should regulate CEO pay. Ellison paraded a study showing that CEOs generally make 339 times more than a median employee.

    Hmmm…I wonder if he thinks we should apply this same principle to his office.

    Ellison made the remarks when he appeared on Bloomberg:

    From The Washington Examiner:

    Bloomberg’s David Westin asked, “Are you favoring the government actually regulating the relationship between CEO pay and the average worker?”

    “I think it is a very good idea, and I think we should start talking about it,” Ellison responded. “This is a broad conversation that needs to, of course, take in policymakers like me,” the congressman said. “But shareholders and investors need to be worried about this too because I do not think this leads to the overall health of the company. I think it takes care of a few people at the tip-top.”

    Ellison criticized what he called “exorbitant” salaries for CEOs. He said the differences in pay were “bad and extreme.”

    Something tells me that Ellison doesn’t know how all of this works. Like how the CEOs worked their way up to that position and their workload includes more duties and longer hours than a median employee.

    The CEOs aren’t just lounging back in their offices doing nothing. It’s their responsibility to keep the company profitable and running so those said median employees have a job.

    Let’s look at Ellison’s salary and the salary of those who work in his office. Ballotpedia has his base salary at $174,000. Paysa.com reports that the employees of Ellison “earn an average of $39,718. The top earners in the office make $47,202.

    That’s what, a 22% difference between his salary and the average pay? Why doesn’t he distribute his wealth among his employees?

    https://www.paysa.com/salaries/us-congress-office-of-congressman-keith-ellison

    Via Paysa.com

    https://www.paysa.com/salaries/us-congress-office-of-congressman-keith-ellison

    Via Paysa.com

    The Democrats are desperate to take back the House but those hopes have started to slowly slip away. Democrats once held a double-digit lead over the GOP in the generic ballot test, but the latest data shows that “the GOP is now typically behind by mid-to-high single digits.”

    If the Democrats want to win I suggest stepping away from the crazy and maybe learning math.

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    Comments


    1. I have voted my shares in stocks on some stockholder proposals such as requiring companies to disclose lobbying and such. They’re such liberal jerks I’ve decided I’d like to see how much they’re spending on dems and rinos.

    2. Look up that goofy f***** ellison and his quote – goes more or less – “there’s plenty of money, it’s just that the government doesn’t have it”.
    And that’s a big relief. Minnesota you should be ashamed.

    3. For such “humanitarians”, they sure are money grubbers. Toss a dime down Constitution Avenue and you’ll see major injuries among liberals fighting over ownership.

    Someone needs to point out that “the study” Ellison cited was produced by his own people, it wasn’t some kind of responsibly conducted and peer-reviewed research paper.

    Also, as one might expect, it’s deeply dishonest. Ellison talks about this as if this is typical of American companies in general, knowing that the media will run with it as propaganda. For Example “The Hill” starts an article on this with the passage, “a study that found CEOs in the United States, on average, are paid 339 times more than their workers.”

    No, no, no, no.

    Ellison cherry-picked 225 companies OFF THE FORTUNE 500 LIST to tally. These aren’t average companies, they are the largest corporations in the world and completely atypical of the salaries of “CEOs in the United States” in general.

    In actual fact, the “average CEO” in the US (across *all* companies) makes $178,000 the last time I looked, which is on par with the average dentist. They’re not Scrooge McDuck.

    Also, in the video clip Ellison says “for example Mattel” as if to imply that was a typical example in order to further the “CEO pay is insane across the board” narrative, when in fact the Mattel case was the very highest example of them all, it was the most atypical example out of the atypical “top 225” sample.

    Her actual salary wasn’t that high, although you’d never know it reading “The Hill”s sloppy coverage, they write: “At the toy manufacturing company Mattel, for instance, a median employee would have to work for 4,995 years – or 111 45-year careers – to make the same amount as its CEO’s annual salary, according to the report.”

    Horse crap. Her *annual salary* wasn’t that big, she got a big one-time chunk of stock equity when she came on as CEO in February 2017 (Ellison’s “report” looks at 2017 only) in order to give her an incentive to grow the company (because her stock’s value would rise or fall with the company’s own fortunes). It’s not like she was going to get that handed to her every year of her employment.

    And lo and behold, she couldn’t stop Mattel’s slide and its stock (and her own stock equity) is now worth half of what it was when it was granted to her — but of course Ellison is still counting the *original* value. Oh and she’s been let go as of April 2018…

    Like all socialists, Ellison cherry-picks misleading information in order to whip up hatred and resentment towards business and commerce, so as to stir up support for further government control of the means of production.


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