January 04, 2017

Annual “Greed Report” on CEO earnings a “flawed study” in class warfare

Andrew LawtonRebel Commentator
 

Like clockwork, the Canadian Centre for Policy Alternatives’ annual greed report was published this week, painting a stark portrait of inequality in earnings between Canada’s top CEOs and the average Canadian.

I agree that the report shows greed—not of the CEOs, but of the "average" Canadians who think that high earners aren’t entitled to the fruits of their labour.

The report suggested that the top-paid CEOs in Canada will earn what the average Canadian earns in a year by 11:47 am on the first working day of 2017—in this case, Tuesday Jan. 3.

That may be true, but so what?

First off, CEOs aren’t performing average work, nor are they people of average backgrounds. Most of them are MBA-holders, have paid hundreds of thousands of dollars for their education, and have a proven track record of generating millions or billions of dollars of profit for their companies.

A Walmart stockboy doesn’t have the same responsibilities, but the left wants to make sure that CEO salaries aren’t allowed to rise beyond a certain multiple of what a company’s lowest paid employee makes.

It’s also a flawed study in the first place:

The Canadian Centre for Policy Alternatives is comparing 100 of the wealthiest people in Canada—extreme examples even by corporate standards—to an average calculated by looking at the general population.

What if we reversed it and compared the average Canadian making $49,000 with the lowest paid 100 Canadians (who all make nothing, of course)?

The average Canadian makes more the second they step into their office than the lowest paid 100. Look at that inequality!

It’s absurd to compare an extreme to an average and expect the result to be meaningful, but the left isn’t looking for meaningful numbers here. They want to stoke the flames of discontent against the wealthy.

Margaret Thatcher warned against this mentality—I’ll show you how in my video, and explain some other key flaws with this report.

 

Comments
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commented 2017-01-05 07:57:23 -0500
“Greed” is demanding for free something that you didn’t earn. CEOs don’t fit this concept, but Marxists, welfare bums, union members, and government employees do.
commented 2017-01-05 07:52:21 -0500
What I don’t understand is, when the difference between a good and a bad CEO is only about $10-billion/year in revenue, why does a company spend a few million extra dollars to try to get the best CEO available?
commented 2017-01-05 05:26:41 -0500
Drew, I have seen many pipeline guys fail to hang around at plant. They want three times the money and half the work. One guy was telling me how he would work for ten minutes then sit in the truck for half an hour and repeat all day long. For 90K a year! You should also look up what cuck means because it’s always been cuck servative and always will be no matter how badly the right wants to steal the word. I’m not a Trudeau fan, I would never vote Liberal just like I would never vote Conservative but the the Phoenix fiasco was a Harpo program. You seem very susceptible to propaganda if you get so fired up about “paying for some lazy POS” but have no problem with billions of dollars in oil and gas subsidies. Perhap because you benefit. Again google cuck. Licking up the drippings. You are right again that I am not forced to buy anything from corporations but those corporate subsidies come off my paycheck every week thanks to Harpo. Talk about slavery!
commented 2017-01-05 04:43:49 -0500
Harpo why should some person sitting in a warm gas station booth make as much as i did freezing my nads off and busting my hump out of town on the pipeline? How about they risk ,work ,and sacrifice as much if they want equal pay? And the only cucks are the left. If you love unions so much then you must be pissed at Justin, he tore down PSAC to avoid a strike in order to screw around the workers and offer them a joke increase. And tell me why you never complained about many people not getting paid by the government due to that Phoenix fiasco? And sorry but socialism is slavery , and making me pay for some lazy POS is slavery. And class warfare started long before there were corporations , it exists in communism as well, sorry to bring up some facts , and by the way no one is forcing you to buy anything form any corporation, unlike left wing taxes which are forced on us.
commented 2017-01-05 02:38:17 -0500
Typical cuck servative responses to income inequality. Rebelation your ignorance shows in your first comment and your insanity shows in your second. Don’t forget it was corporations that started class warfare. Thank God the working men and women of the past formed unions to fight back. Without them we would still be held hostage to the CEOs and the cuck servative brown nosers who enable them.
commented 2017-01-05 01:27:13 -0500
A special tax for the ‘uber’ rich. They sing as they leave the country for one where sane people rule, ‘Bye bye Canada see ya, wouldn’t want ta be ya’.
These crazy left wing think tanks are full of people who, when they were children in kindergarten, kept trying to hammer square pegs into round holes.
commented 2017-01-05 01:20:26 -0500
If they understood economics they wouldn’t be socialists. How bout we do something about the wages of useless public service workers, mayors, mps, premiers, the real pigs at the trough. We live in a country where the government wants to cripple the real makers and producers and actually thinks that will help the takers. So fundamentally stupid it would be funny except I can’t stop crying. Margaret Thatcher understood economics!
commented 2017-01-05 00:29:10 -0500
I sure miss those qualities of intelligent integrity, courage of convictions and strength of character, leaders like the Iron Lady, Ronald Reagan, Winston Churchill, and few others today share.
This modern day onslaught from the the socialists, the Globalists, Islam, the criminal element, degenerates and the rest of the special interest/special rights crowd, and entropy in general, puts us in dire need of Real Leaders…
The human race is after all made up of mostly Sheep and a few Wolves…
commented 2017-01-04 20:06:28 -0500
Andrew, do you have to recycle the material from your radio show to put onto the rebel? This is very lazy of you.
commented 2017-01-04 19:33:10 -0500
I’m busy trying to position myself to start taking court action against various marxists. I can hardly wait. The Centre for Policy Alternatives should be facing criminal charges for this. This is a total Breach of Trust, to put out something so misleading. When you present yourself as “experts”, you have a Fiduciary Duty, a Duty of Care, and there’s no way they’ve met their Duty1 It’s also a Breach of Trust by any media outlet that distributes it without properly disseminating it, as Andrew has done. Barkeep – a round of charges for everyone!! (hoorrayyyy!!!!!)
commented 2017-01-04 19:27:31 -0500
It’s all just jealousy – plain and simple. The Left LOOOOVE money, and will stoop to anything to get it, as we’ve seen with the Clinton’s and others. Even Dalton McGuinty says this in his book believe it or not.
And it’s a false narrative. Take the amount of any CEO’s pay, and say, cut it in half. Take that half and distribute it to the staff. I did it with General Electric a long time ago. It came out to about $40 – A YEAR!
Also, a lot of it is in stock options, which they can’t spend. If they try to cash them in, it would cause a run on the company. So it’s just paper money. It’s jealousy, pathetic jealousy!!
commented 2017-01-04 19:20:58 -0500
or should that be hear hear?
commented 2017-01-04 19:19:00 -0500
Egil Lomeland commented
“Let us start with MP salaries and pensions. Clean up your own excesses first. "

Here here!!!
commented 2017-01-04 16:58:10 -0500
Let us start with MP salaries and pensions. Clean up your own excesses first.
commented 2017-01-04 16:29:03 -0500
I would rather have greedy CEOs around than greedy socialist elites. At least the CEOs are productive members of society.
commented 2017-01-04 16:04:36 -0500
Excellent analysis Andrew. You succinctly put into words the same thoughts that came to my mind when the obvious false equivalencies of the report jumped out after the first page.

At a time when Canadian companies are facing increasing challenges to remaining competitive in the world market (due in part to skyrocketing energy costs, ever-increasing taxation on everything that moves, and the anti-corporate agenda of liberal think tanks like the CCPA), I think Canadian companies should be allowed to do whatever it takes to retain the best and brightest people at the top levels of their organizations. I would not expect socialist tools like Erin Weir or the CCPA to understand this, but if you take away their ability to earn admittedly outrageous sums in Canada, they will go elsewhere in the world to do it – and anywhere that is elsewhere is our competition in the world markets. Retaining only second-best managers to maintain our competitiveness just isn’t going to get it done.
commented 2017-01-04 15:51:06 -0500
Andrew: Thank you for such a succinct and insightful video. I think the useless money-grabbers must have been around for a long time. When I was a young girl about 60 years ago (egad!), my mother told me in disapproving words: “It has got to the point where the labourer wants to own the same car as his employer.”
My mother was not (thankfully) university-educated; she was a determinedly hard-working farm woman, but she had more common sense in one of her pinky fingers than all the Marxists insinuating themselves into our Western culture.
Rule for the day: You earn it, you keep it.
commented 2017-01-04 15:49:28 -0500
Mr. Lawton’s last point was what I thought when I first saw the press release of the Canadian Centre for Policy Alternatives. This “think” tank totally neglected to point out that the top 100 CEO’s had paid more tax at 11:47 am, January 3 than the average Canadian will on that same $49 000 amount over the entire year. I wonder why a think tank would neglect to report that fact, I guess, like all regressive think tanks, it wasn’t thinking.
commented 2017-01-04 15:11:35 -0500
The CEOs are owners of the corporations…of course they make a lot of money.

“In the news today capitalists made a lot of money and marxists don’t like it”