Today in class we discussed loyalty. As we talked about the case of Whole Foods, where two co-CEOs run the company, the intersection of money and fairness came up. The co-CEOs are part of a seven person executive team, all of whom earn the same salary. Their salaries are 19 times the average wage of a full-time worker. That lead to a discussion about the ethics of the growing salary gap between workers and CEOs and what media professionals might do. According to The Globalist the U.S. has the greatest disparity – far larger than most countries.
Japan 67 time
Britain 84 times
France 127 times
Germany 147 times
United States 354 times
In November of last year the Swiss left attempted to address salary disparity. According to The Guardian, there was a vote on the so-called 1:12 campaign, which would have capped executive salary at 12 times that of the average worker. The referendum went down 34.7% in favor to 65.3% against.
Funny, this story was covered for a day, maybe two, while “news” about a celebrity’s death by drug overdose (and not the problem of addiction) or a disappearing jetliner was covered over and over and over… To quote Clara Peller, from a 1984 Wendy’s commercial, “Where’s the beef?”