Ken's Project Blog

October 22, 2010

Executive Pay

Filed under: Education — Ken @ 3:27 am

Sorry, another screed – this time on CEOs making 25x what the lowest-paid employee does. Enjoy:

Andy, how much should a CEO make compared to the lowest-paid worker?

In the next teacher’s contract in my local school district, starting teachers will almost earn $50K/yr (starting salary, first-year teacher), and a teacher with 20 years on the job will finally crack $100K/yr (if they earn a PhD, mere BA holders top out at $95K/yr). Given that environment, what do you think of our salary for our superintendent? We pay him $175K/yr, or two and a half times what the lowest paid teacher makes?

Now, we have Bus Aides and crossing guards, and those jobs pay under $10/hr – should we consider them in our appropriate multiple of salary question? Fine, the crossing guard earns $8.75/hr, works 4 hours a day, 190 days a year. That’s $35/day or $6,650/yr. Dividing the super’s salary by the crossing guard’s gives him a 26.32x bigger salary.

That seems fair to me…

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: