Regardless of what you think about CEO pay, the SEC rule is sorta silly. CEO pay is already required to be disclosed. Showing a comparison to average employee pay doesn't necessarily mean anything. A CEO of a firm doing medical research with highly compensated average employees may earn a lower multiple against the average employee than a CEO of a firm with mostly minimum wage workers. Doesn't necessarily mean one is overpaid.
@angry little raincloud The trick is to be absolutely paranoid that they are trying to screw you at every turn. Reading all the fine print and expecting the worst will help you come out ahead. I understand how some people don't want to do this, however, because what you save in money you lose in a headache/hassle. The weirdest requirement they have is that for non-EU passport holders, you need to go to baggage check-in and have your boarding card stamped before you go to the gate. For no reason. I saw them deny a guy boarding (even though he had his boarding pass and a valid passport and time to go back and get it stamped). Makes no sense. Yet they were able to squeeze more money out of this poor bloke by making him pay rebooking fees for the next flight.
I hate the idea of tipping at places like foodtrucks because I think the whole concept just reinforces racism/classism issues. Why would you tip someone for putting your food in the bag at a truck but not at McDonalds? It seems like the only reason is one worker is poor and probably brown and the other is a young, overeducated probably white kid. I bet this kid that is whining would never tip at the deli. Those guys work crazy hard and fast to put together big breakfast and lunch orders. But somehow his heart doesn't bleed for them. I would much rather everyone benefit from higher minimum wages than everyone have the same shit wage and some white hipster kids benefit from guilt tipping.
@seaermine We should stop looking at accumulating debt as a moral failing unless we impose a moral obligation on the lenders as well. Sure, it's sorta shitty that people promise to pay something and then they don't. But it's just as shitty that lenders give huge credit limits to teenagers and let them rack up way more debt than they will ever be able to pay off. The credit card companies know the game. And somehow, even with the bankruptcy system we have in place, they still end up making money.
Culinary school ranks between massage therapy school and law school as one of the biggest scams going. My ex was a chef and he was fortunate enough not to have attended culinary school. He did take a few classes at a low cost community college but never stayed long enough for the certificate. He learned by working on the job. Learning to cook is a skill that is well-suited to apprenticeship. It's true it is harder to find an entry level job for a cook that didn't attend culinary school, but ultimately hard work and skills in the kitchen far outweigh even the fanciest degrees. (Some jobs - like corporate kitchens, cookbook testers, etc require a degree but those who want to be a chef are much better off apprenticing).
I'm not sure why this is outrageous. I'm a frequent flier and I would be outraged if I flew with the airline over and over and I was offered seat 41J. There are airlines that only cater to discount fares and those airlines are hell. So if the only thing that keeps your carrier from giving your Ryanair-like service is the blocking off of seats for elite customers, than so be it.
@stuffisthings Does he yell back that you have no right to worry about money because, comparatively speaking, you're rich!
@mlh you get an exemption for your first $90k earned abroad. So she may need to file a return but she probably wouldn't owe US taxes. Obviously the Saverin thing is an issue because he makes well in excess of 90k.
@coastalelite Can you expand on your comment? I work in the hedge fund industry and I would love to hear why you think I should have trouble sleeping at night.
My job has partial pay transparency (i.e., my salary and others doing my job is publicly available but not every employee's is) and it is awful. One of my coworkers whose salary is not public has looked up mine and brings up how much I make all the time. Sooo uncomfortable.