Rep. Velazquez questions Citigroup's CEO about the salary gap between CEOs and average workers
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- Опубликовано: 29 авг 2024
- The CEOs of America's largest banks testify on Capitol Hill about how the industry has transformed in the 10 years following the financial crisis. Rep. Nydia M. Velázquez (D-N.Y) questions Citigroup CEO Michael Corbat on the discrepancy between the CEO and the average worker's salary. She also questions J.P. Morgan CEO Jamie Dimon about comments he wrote in his annual letter.
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If the salary of CEO and normal employees would be almost equal why would anyone want to be the CEO and take all the responsibility of company and tension regarding that. Simple AF
Ok mr simple af, nobody said they need to be equal or almost equal.
@@kartikeyayadav9200 why would they be even close to equal?
1:56 that’s why he is the ceo
If I was the CEO, I would have said, *”I feel underpaid on days like this.”* 🎤 mic drop
So true. I mean everyone from congress and anyone come at you. I dot know how much he get pay but for me that much stress are not worth it. I mean it is about supply and demand. The shareholder want to decrease the salary ceo or average the problem is the supply. We have ceo in shortage and abundant average do the math. Market works. So until there is so much job and less worker we are going to have this underpayrd problem.
Best answer would be..
" it is fair because we see the market supporting these positions at those salary amounts."
How on earth can you ask these questions and not expect them answer? These type of arguments will never solve anything ...
The CEO seemed at peace with the fact that he couldn't possibly explain her how capitalism works.
It's not a CEOs responsibility to know how capitalism works. Don't like working for him? Quit.
@@diegonunez5600 If any CEO lacks a firm grasp of economics or sound capitalist practices, they are the ignoramuses who deserve immediate termination not company employees.
The idea that any economic ignoramus or neoliberal ideologue should lead a major corporation is outright insane based on their history of incompetence alone.
If you don't understand that the economy works only if people can spend money, you're the one who needs to be educated.
@Bryzz Lull Who are you kidding, besides yourself? Jamie Dimon has already proven that he lacks a basic understanding of economics. His humiliation in that Congressional hearing was just the latest example. Remember, that moron and his ilk laid the ground for the Financial Crisis. That's the epitome of economic incompetence and ignorance.
@@kwaynr1301 Everyone understands that consumers need the ability to consume for our economy to function. The problem is that the neoliberal crowd mistakes counterproductive usury and tax cuts for the robust income which actually fuels healthy consumption. Bankers are the absolute worst when it comes to understanding how aggregate demand, consumer spending, and wage/salary growth SHOULD function in the U.S.
Jamie Dimon keeps it real man
Yeah, really full of shit. Break those banks up and do a real investigation of their crimes. And to Sam, you’re a first class tool. Lemme guess, you’re an over age 50 white male.
Jamie Dimon is part of the problem.
Could not be rolling my eyes harder. Yeah, break up the banks. Restricting access to capital will definitely improve the lives of lower- and middle-income people.
Did u just assume his age, race, and gender?? You should be ashamed of yourself. Very disrespectful
@@Sam-kp2ly No one cares that you're rolling your eyes. That tragic economic judgment only serves to humiliate you.
Let them answer the questions
He doesn't want to.
Doesn't want to accept the truth.
By not answering that becomes a answer that's clear
This woman has no clue how the world really works. She sits in her office and points fingers at people actually doing work she could never fathom.
oh Brian..you are soooouuuugh smart….poop fest
She knows how the world works. The rich and big corporations like tax cuts and wars. They like to blame the poor, immigrants, muslims and gays for all our problems. She is holding them to account.
@Thanos Mighty If you read my comment I picked out muslims, you need to go back to school.
@Thanos Mighty If you read my comment and all you can think of is "useless" and "logic," you need to go back to school.
Her outfit doesn’t look cheap lol
The ceo in his mind was like “It’s none of your business how much I make lady ( I deserve it for my skills) if u feel what I pay is less than introduce a law for minimum wages instead of barking at me” be grateful I’m still employing people instead of introducing automation ( they deserve what they get as per their skill and I’m still feeling I’m paying them a lot). The politician is trying to look good by making people think she is fighting for them to gain votes.
Law for minimum wage?
So that people don't prefer working hard and get promoted?
The entry-level positions will hardly get vacant. As a result, other people with entry-level skills will remain unemployed.
Well put. He himself mentioned his journey from entry level to CEO. If that isn’t inspiring to his employees, they never had it in them to make it to the top
Imagine standing up for corporations lmao.
We raise the minimum wage, and guys like him will inflate prices and fire the workers in the process.
But don’t worry. You can still talk to the Philippines.
But the salaries of the lower level employees are ridiculously low.
These ceos and heads of these banks all look and act the same. The say a lot about nothing.
even if he's a crook it does no good to ask a bunch of loaded questions and not let him answer them.
We've heard these bs answers for so long. Why listen to it again
Congresspeople only attends these hearings to collect sound bites, not to get answers to said sound bites.
Congress was actually being outsmarted. He was about to asked them why does the government tax people so much? They didnt wanna hear that
Just because you graduate with a degree , is not an entitlement for a position .
That jacket doesn’t look cheap too..
Citigroup made 32 billion in a year and still got massive tax breaks, plus received millions of dollars in government funding, are you are worried about a $200 coat. Republicans are bootlickers!
He gets paid a lot because he manages 204k employees.
Well, let’s say, compare to those banks and the ppl that are financially struggling, which group pay more tax?
Jamie had a point near the end when they cut him off. Why doesn’t the government give us more tax breaks/credits so we can increase our net pay.
Now why the they should do that? Corporations are making obscene amounts of profit every year. Why should the tax payers pay for that also?
As CEO his decisions determine whether the company will be profitable or not. Whether shareholders will make money and whether employees will have a job. As such he is paid what the company owners deem his presence and decision making is valuable to the company.
Such stupid questions.... he gets paid what he’s worth to the company...
That's not a stupid question at all. As a compensation expert, I don't mind sharing that most executives are obscenely overpaid relative to the economic value they create. This economic disconnect really stands out when one compares today's executive pay to what their predecessors were paid for creating most of the major corporations involved. Senior executive compensation reached the grotesque levels we see today because corporate governance was compromised, antitrust law enforcement was marginalized, and CEO'S handpicked the board and compensation committee members who determined their pay over recent decades. The "market" had precious little to do with it.
So you are saying that he works 400 times harder than the average worker at his company??? 🤣🤣🤣.....
Except when the financials blow up and the government has to bailed them out!!! Oh sorry, but they don't have to return their earnings from fake earnings!!!
Jay busa what type of work? Physical work or other type of work? CEOs has to go boring meetings, make “good” decisions, and bring in the most profits for the company. But yes they shouldn’t be getting 30 million as a pay check.
Jay busa It’s about creating value. If your decisions add a billion dollars to a company’s market cap, then to the shareholders, the pay is reasonable.
The hyper conscientious types and the hyper open types will never get to agreement, its about give and take
That may sound reasonable to you, but you're arguing for an unacceptable middle ground between centrist sanity and far right wing idiocy. The middle ground between these two groups is as mortally flawed as the far right wing position happens to be. How do I know this to be true? Progressive Democratic centrist policy positions are the only thing standing between your present standard of living and third world-level poverty.
Rep Velazquez, why don't you question professional athletes pay, or hollywood? That is more outrageous and yest what exactly do they do for society. Or what about the ration between you and your constituents. Ask Maxine and Pelosi?
Ke Aka maybe because athletes and actors aren’t CEO of big financial corporations . You idiots love defending these people
@@HAMID___ Don't get the name calling. Why is it necessary. Just asking a question. So Obama bailed them out? Who is the idiot. People who voted for Obama?
Perhaps because financials are bailed out by government and athletes/hollywood is not? Not to mention income inequality that is the base of people frustration and made them vote for Trump!!!
Hollywood movie stars are just measly millionaires they don't even exist in the same bracket not even close. your logic math is terrible so I'll have to explain it to you very simpley. if you have 999 million dollars you are a $1000000 shy of a billion. This man has several billion. And does not pay his fair share and taxes and could care less if its employees can afford necessities. You're quite brainwashed my friend.
@@keaka560 The federal government bailed the banks out to avoid a bank crash that would cause a huge recession and lose millions of ordinary americans their money.
The banks stole that money, handed it to their CEOs, and crashed anyway.
And what is her ratio compared to the people that work for here, who will not get lifetime salary and benefits.
Joseph Caskey not 200x like this guy.
Her ratio is at 3:1, 4:1 tops. Now where near 486:1. Why are you against her, when data clearly shows that income inequality has never been worse? Please explain why that's not bad?
R Sober Who ever claimed income was supposed to be equal?
@@ghorn1217 Not me or any democrat or Republican. Just claiming that 486:1 is outrageous and most likely happening because of exploitation
@@ghorn1217 equal pay for equal jobs? Lots of people.
It amazes me that these Congress people talk about people arent being paid enough. And yet... what are they personally doing to demonstrate what they preach? I bet the cloths she has on could buy my wardrobe. The car she drives could pay my rent for 5 years. Please give me your money miss congresswoman. Put your money where your mouth is.
In the 60's a CEO's salary was about 50-60 to 1 compared with the average employee, now it's common to be 400-500 to 1. They aren't working any harder today than the 60's (I would argue working even less given modern technology and conveniences)
@aljanat5 That shrinking pool of executive candidates is the direct result of destroying the jobs where today's executives were trained and garnered their experience. The people most responsible for diminishing that very labor pool are the people you deem to hand praise. Screw that idea and screw them. The only way to restore the training ground for executives is by breaking up the monopolies and oligopoly especially led by people, just like Jamie Dimon. These sociopathic and treasonous executives stand in the way of a vibrant and sustainable national economy. It's why every single one of them, their lobbyists and the crooked politicians in their pockets must go.
no way bro, the big bank ceo's work so hard, they sit there and tell people this policy sucks or that policy sucks, then they get paid millions of dollars. that's totally fair. america the great right?
half_lifemozzy okay smart guy. would you honestly say you’re qualified to say that this policy sucks and that one doesn’t? they’re work is hard in the sense that what they say affects millions and millions of dollars for their company. say the right thing and they get millions. say the wrong thing and the company could be bankrupt.
@@FomegaDJhey man, that's a really cool story, you should write a book for autistic children
CEO pay has nothing to do with an employee’s individual wellbeing. If the ceo is paid any less would it improve the life of the company’s employees? Probably Not. You could just increase the wages until the company goes bankrupt . In that case no one would have a job.
These young people CHOOSE to borrow money for college. No one forced them to.
It has to do with the size of pay and size of debt compared to baby boomers
@@jnrmaddix It has more to do with being lazy and not working while in college. Debt is debt. Don't borrow if you cannot pay it back.
@@preachermike i think its dangerous to make such views. We dont know the circumstances of the individuals in case. That being said, the level of debts are increasing i personally dont believe education should be so expensive, the nothern European model works high taxs and pushed back into the system. How much tax do you think he pays on that salary i bet hardly any
@@jnrmaddix Whether education should be so expensive is a different issue. The students sign their name on the dotted line to borrow the money. They are responsible for their own decisions. The government should not be in the role of shielding individuals from the consequences of their own personal choices. Otherwise, people will never stop making the stupid decisions.
We are not Europe. We should have a flat tax with no deductions or credits and EVERYONE should have to pay. Taxes are for funding the proper responsibilities of the government and NOT for manipulating individuals or the free market.
If my employee complain to me that I make 400x more money than he does , I fire that employee as a favour to him to look for something better himself.
If you made 400x more than any of your employees I doubt you would have any employees soon, actually I doubt you would even have a business soon. these CEOs are earning compensation thru stock not ordinary income.
That is how the French Revolution started.
Executives who think like that rarely last long in business because the enemies they create in the market eventually take them down...one way or another. Remember, business is a team sport, not an individual sport.
...and you sound like the employer that only hires immigrant workers because you can pay under the table at a rate far below minimum wage.
I loved her 2 solutions for closing the wage gap: lowering the CEO's pay, or raising the pay of the median worker. Why would any worker care that a CEO lowers his pay? How does that help them, other than in their pride? What a defeatist, loser solution.
Totally agree with his response: your outlook in that situation should be gratitude that so much opportunity exists in your company to be promoted, then work your tail off getting there. Or you can whine and complain and get nowhere.
you are a loser solution!!!
I'll go ahead and say it. 486-1 ratio is fine. You don't get paid based on how hard you work, you get paid based on how many people can do what you do. You're crazy if you think shareholders would vote to pay an employee (since that's exactly what a CEO is) such amounts if they could pay less. Also, Citigroup has over 200,000 employees. If you fired the CEO and gave away his salary to the employees, they would each make 120 dollars a year more. CEO salaries are fine and are a drop in the bucket of money companies make. Once again, politicians make statements that sound like they are of substance, but ultimately are just a bunch of pathetic virtue signaling statements.
I cant believe people actually believe that someone in anyway "earns" 22 million dollars.
The problem with your argument is that it glosses over the thousands of decent jobs that were destroyed to form Citigroup and today's financial industry. The collective economic value from those lost jobs FAR exceeds what oligarchs pay Citigroup executives and the financial industry as a group. Is it better to have tens of thousands of decent U.S. jobs than overpay financial industry executives and partners? Without a freakin' doubt!!!! The velocity of money has been proving as much since it was first recognized in the 1500's.
Brandon Wallace So, an author or musician who sells their product to a global audience doesn’t earn that money? Daniel Craig being offered $100 million for one Bond film didn’t earn it? Problem is you don’t quite grasp value or profitability. If your actions or decisions add a billion dollars to the bottom line, then yes, you earned the money. Welcome to capitalism.
@@wallyb6051 can't tell if you're being sarcastic...if I own a company and make my company $22M in profit, didn't I earn $22M? I'll assume you're being sarcastic
Ask her how many banks she has taken public.
Wages differentials creates envy and competition. If the wages are similar, why we take risk. Entrepreneur risk capital for a reward greater than the average salary. I think that wage differential creates jobs and drives the economy. If you are earning a low wage, you should be thinking why are you there and how can you make a higher wage. I understand that technology has rewarded handsomely for the few, but I am envious and want to be like them.
The workers that make them rich, get paid garbage , disgusting
How come congress doesn't call Patrick Mahomes to ask him why he signed a $450 Million contract? and isn't that unfair to the employees who sell hot dogs?
Who sets congressional compensation?
Nydia velaquez’s thought bubble: “ oh shit, Jamie dimon about to talk real stuff I don’t understand”
Nydia Velasquez : “ I yield my time”
3:23 "the Bells"
He started at the bottom and made it. This woman should shut her mouth.
Wikipedia : "Dimon's father and grandfather were both stockbrokers at Shearson.[14]"
-_________-
That woman is just... I’m at a loss.
Don't look at someone else and say ur pay isn't fair. Don't be jealous of ur neighbor is one of the 10 commandments
One reason he gets paid tho big bucks is he has to come to congress and deal with these people who are stupid. Another reason is he has to deal with and manage hundreds of employees Who in turn are in charge of hundreds of employees so there's a lot more resting on his shoulders than median John Doe making 49,000$
The discussion bet the two should be if 49k is enough to live on or not. If it is there's nothing to talk about. If it isn't than Citigroup should do something about it.
Why is it okay that a CEO gets billions of dollars but the people who do all the work don't have enough to live on?
Jealousy doesn't have a thing to do with the criticism aimed at incompetent and crooked bankers. So, stop wasting everyone's time with that lame envy diatribe. It's utter nonsense.
@@shingshongshamalama lol because the employees made a contract to provide service for him and in turn they get paid.
shingshongshamalama because it’s merit base. The CEOs are old men with more knowledge than those workers. Why would I hire a young guy to run the company? If the CEO salary is not high than no one will aim for the job. But I guess socialism is better since a private taxi driver makes more money than a government doctor.
@@vong3484 That's not how pay decisions are made in the private sector. Take it from a Financial/HR expert who would know after designing, implementing, and overseeing compensation functions at countless corporations over several decades. I'm talking about compensation practices that cover everyone from board members down to the lowest paid employee...top to bottom and everything in between.
lol do we really have to worry about wage inequality for bank workers. 50k median wouldn't seem that horrible to the rest of the world
I worked at a concession stand at staples center, making peanuts! But I never complained bout KOBES $30mil per year! I worked my ass off to make what I make now!
Argue for your limitations and they are yours...this Congresswoman is fighting for you
Quit wasting everyone's time with unfounded envy diatribes. The criticism aimed at crooked bankers, like Jamie Dimon, has more to do with their history of embezzlement, incompetence, corruption and blind greed than how much they are worth. These bankers are screwing you too, but you lack the knowledge to understand how.
Will D please explain how bankers are screwing you. I’d really like to know.
@@jiguo773 Where would you like me to start? Their D.C. lobbying activities, deregulation, free trade, unconstitutional quid pro quo corruption funding, federal government capture, predatory usury practices, LIBOR scandal, Financial Crisis, Robo-signing, litany of other white collar crimes, money laundering, market manipulation, pension plan pillaging, etc., etc.
It would have been a FAR smaller list if you had asked me to list the benefits these white collar criminals generate for society. You should be aware that you're debating a former banker who was witness to the financial industry's malfeasance against this nation over several decades. It doesn't appear as though you share my experience or knowledge of the industry. If you did and possessed a modicum of integrity, you would not be coming to its defense.
Why is a private companies salary structure any of the governments business???
I wonder if the interviewer would lower herself to my salary doubt it I make 20000 a year
When did being exceptional at your trade start becoming a crime in the U.S.???
They get paid to read thousands of reports per day and know every detail of it, understanding the differences between banking balance sheets and others, off-balance sheet activities, testify to these fools, financial committees, interviews with most media outlets as spokespeople for the company, speak at conferences, quarterly investor meetings, have to not only know every existing opportunity within their industry, but forecast possible events in others based off reports. Investment opportunities in emerging markets/economies. Serve in some capacity to the Federal Reserve System, make deals, participate in philanthropic events, organizations....I think y’all get the idea. Quit complaining, work hard, do your part, try to go above and beyond, be imaginative, build connections with people who don’t think like you, network with managers/directors and learn how they make strategic high-level decisions. You can get there, too.
Imagine you worked all your life to reach corporate summit and when you expect to reap benefits some parliamentarian tells you that's not ok... wouldn't it be unfair to you as well...
And a parliamentarian or politician is the last person to call him out since its literally their job to help provide facilities such that everyone has a shot at success. Blame everyone for being successful, just not yourself for not trying hard enough.
I do not understand why bother asking questions when these congress officials have already made up their mind and opinion that these CEOs are greedy. It’s a waste of time. CEO of citi was about to answer how he climbed up the ladder to justify his pay but this woman was in no mood to listen to that. Earning on merit seems to be of no criteria for this Congresswoman it seems.
he climbed the latter because he has ties to government/board members, then started lobbying for political officials to make tax cuts to these corporations so the ceo/shareholders have the high pay ratio of 400-1. that's why they're asking questions. the ceo's arent' answering them, they're rewording the questions to abstain from telling the truth. does that answer ur question?
half_lifemozzy last time I remember, the house of representatives accept lobbyist or get paid by them.
half_lifemozzy form what you said it seems real culprit is the government who accepts these CEOs lobbying effort. Regarding CE of Citi Michael Corbat who has been with Citi since 1983. Graduated from Harvard in Economics. One does not just automatically climb the ladder by having connections. Connections are earned through some form of hard work as well which no one seems to care. Also no one is talking about justifications for his paycheck rather just keep brining up the pay ratio. If board decides your paycheck to be few millions and feel like you have earned it without hampering companies financials and growth would you be saying “oh no I am getting paid too much”? GTFOH! Besides I do not see CITI employees making any issues nor anyone bringing up average weighted pay ratio. Comparing top earner to lowest earner to draw conclusion is insult to statistical evidence and anyone that knows quantitative finance and economics would know this.
Love how the representative basically yells at him obnoxiously, exhibits no class, doesn’t let him answer the questions, and the left just spams “rich elitist bastard.” She says “can you see why there’s so much anger...?” She uses the wrong word. The correct word is “jealousy.” And yes I can completely see why people would be jealous of the millionaire el jefe man-in-charge-o, but that doesn’t mean you get to slash his salary because it makes you feel bad about yours. 😂😂😂 Absolutely asinine, laughable, and a waste of taxpayer money this woman.
37k is good? Lmao I wanna see him live on that
Same ol crap...bla bla bla...don’t allow an answer. She was talking to hear herself speak.
Maybe students would get out of debt if they stopped getting trash degrees.
What degree you have?
Says someone who's never been to college. You dumbass oldhead.
That is an ignorant opinion. The U.S. economy requires a variety of degrees and deeper knowledge base to remain vibrant. Narrowly focused economies rarely last.
Steve Jobs was wise enough to recognize that and made the case during his Stanford Commencement address. You should check it out because he revealed what you fail to grasp in life.
@@willd6438 you know he didn't graduate high school.
I’m not happy with this representatives poor voting record and congress people routinely becoming millionaires in office
Not defending "banks" or anything but Jamie Dimon is levels ahead of that fool. He knows what she thinks she knows but she doesn't even know!
I just believe most Americans do not know how to save money
Of all big bank CEO's I like Michael Corbat the most. He has a pleasant neerdy look and a canny, calm way of talking. Jamie should work on appearing less psychopathic. His short emotionless answers and lizard like eyes creep me out.
her saying that the ceo's are in a bubble and wouldnt like it if their boss was making 400x their salary when thats literally where the ceo's started and that motivated them to work harder and smarter to become rich and successful and in their positions today.
meanwhile she sits there with her fancy necklace on a high salary because she got more campaign funding after accepting bribes. hypocrite
Wow how rude is this lady? You ask questions with an expectation of an answer but yield when you hear something you dont like. Maybe it's not the CEOs who are crooks, maybe its the process/system
Ok ok. if a ceo makes 24,000,000 I think it’s ok. Smh. This might be getting out of control.
$23000000 wow
Why do they ask questions, and then interrupt the answer as soon as it begins...
I believe it is because each representative gets only 5 minutes of questioning. It's annoying but if the person answering does more than a yes/no, they're just chewing time.
Its almost like a tv show. The gather in that place, drill people with questions, and then they leave that building and nothing changes. Imagine how much payroll it costs for aaaaall those people there? Most of em probly make 6 figures, times how many people in there?
The problem with these government representatives is that they are not listening to the answers and they don’t want to. They just want to make an impact
They should go after actors or athletes- oh, most of them are Democrats. . . My bad 🤫
That’s probably the dumbest shit I’ve ever heard...
Athletes specifically give us a service that the average human being couldn't do without strenuous hours of dedication to there craft. We pay to watch there hours and decades of hard work because it's entertainment. Never compare the entertainment industry to people sitting on there asses making billions for a company.
Second Man ya “CEO’s are uneducated and the company will do fine without them”
@@citywok9579 If you actually knew how right you are you wouldn't be trying to be funny. Majority of these CEOs are in the position there in because of favors and connections. We're not going to act like we don't know politicians and upper management aren't full of corruption.
@@citywok9579 number crunching and creating new business policies must be so hard
Making lower wages drove me to become a crypto currency miner and trader. We have been in a bear market but it looks like it will turn bullish soon. I can’t wait to make more money trading crypto then I make at my job.
What is the ratio of her salary to her unpaid congressional interns?
Whataboutism.
Hating the rich isn't the same as loving the poor. They are focused so much on hate they can't even come up with a solution.
The problem with the women the congress women is talking about has to do with more that she is a single mother who can’t afford to raise a child on her own. Increasing the wages for everyone is not a solution will cause inflation and this mom will be at the same place, just introduce an act that will give an extra allowance to single parents and give some kind of tax exception on this expense to the employer so they won’t throw single parents job application in the dustbin
We are legion. We do not forgive; we do not forget! We are coming. Expectant us!
Americans need JOBS, not cheap education.
If i was a ceo that makes 30mil a year, i honestly wouldnt mind if i only made 20mil instead and then divide that extra 10mil to all my employees. I mean, thats how i would do it. Id still be getting millions.
Class wars. The natural state of man is poverty. Since the beginning of history 80% of all humans were in poverty.
And that was true up until about 150 years ago, when it began its decline to below 10% today. That is globally, not just in the US. This due to the capitalist and individual rights systems of the west.
To be in the top 1% globally, a family of three needs a household income of $45,000 annually. Anyone in this country should feel blessed.
I also think that most people are not smart enough to know what money is. Or what wealth is.
Money has no value. None at all.
Imagine an alien stopping on earth preparing for the journey home. What has value to the alien. $500,000 worth of plutonium, or $500BB in non-consecutive bills?
Money is a Representation of Relative Value. It is not value itself.
If you are so worried about income inequality, let’s give everyone a base salary of $200,000 on top of their salary. Then all of us would be wealthy.
This is nothing more than theatre to appease the disgruntled. The revolution is coming.
this lady is such a joke she knows what she does not know bet that guy started at the bank and worked hard and after years and years is making the money now ye s or no yes or no yes or no hate that
The biggest irony of these congress members questioning ceos and bringing up anecdotes of entry level employees is that all of them started their jobs as entry level employees and rose to become ceo. People aren’t born ceos.
This lady is good, but not as entertaining as Rashida Tlaib. 😂
Is she justifying envy?
she's trying to defend the working ppl (i.e. you and me), yet youre trying to establish that she's jealous? you voted trump didnt u? i can tell by the lack of IQ in ur question
half_lifemozzy You make a post filled with ridiculous assumptions and you actually question someone ELSE’S intelligence?
@@ghorn1217 i'm questioning ur intelligence by questioning my intelligence, but yes i did question his intelligence, i'm glad you can read, it must be a life long goal of yours to be able to read and comprehend
Well that's the same thing we think of this Congress people why do you guys get the golden ticket for insurance if you do one term you guys should not get insurance and pension for Life absolutely not we think the American people think the same thing about Congress why are you making $176,000 don't have to pay for insurance for you or your family you guys get these deals book The Old you guys get bonuses all this kind of crap
As a previous Employee of JP Morgan Chase for 2 years as a Lead Teller I can say that I got paid 12.50 and hour along with every other Teller only making a few cents more. In February 2018 everyones pay was raised to 16.50 with no possible raises at the end of the year. I live in Los Angeles a highly expensive city. I was born and raised here, the $18 an hour minimum he’s talking about is bs. And lets not talk about how they want Tellers to force people to use the atm. Have to meet a numbered quota per branch or else you get lectured or they threaten to fire you.
This is an issue of envy. Liberals have always wanted to take more from those who have worked and negotiated for better. Plain and simple. You don't like making 40k per year? Get a better education, get certified, get promoted, ....stop demanding more simply because there are people who have succeeded. I like the posts on here referencing pro athletes. I've never seen a liberal complain that pro athletes make $60,000 per shot, or at bat, or whatever. It's always aimed at rich, WHITE businessmen.
Idk much about politics or Congress but doesnt Congress woman Velazquez make significantly more than her receptionist that brings her coffee in the morning? 😑
Could very well be. But most likely not 200 times as much. Now honestly, couldn't you think of this answer yourself?
Bitcoin
Larry Sibley I was going to say the same thing. I hope to retire early holding at least one Bitcoin.
If you don't like it...buy bank stock, hold and get rich. Play the game
He's a liar
Having the largest discussion over the certain mankind which we have delivered massive amounts of products to be sold or to Behance for a contract agreement where massive amounts of corporate companies delivers a certain name inside of the organization where they are
Processing a development contract towards the individual arrival such as the situations where they are blind clueless and not understanding what is happening in a potential world
Certain amounts of dealing corporations who are investing in certain money I've been process to a development where the the construct of this person is collecting massive amounts of money being taxed on but saving up the quantity through massive amounts of individual people who has brought or contracted this phone out and a percentage goes to The Corporation such as the businesses where they are legally put their own contracted agreement inside a store where the store gets a certain percentage of selling or contracting out a mobile predicted phone clothing and they get a certain amount payment through that with the tribute of that that they get a text on top of that for using that property building where they have to make massive amounts of certain money to keep the building occupied without a building structure and without payments the building will be closed down because they are not making enough money or they get funding from a bank where the Bankers of funding satana massive massive people into a business corporation where they're losing out profit where they have to pay off a certain loan back to the bank whether they have landed off putting their self in critical
These CEO's have no bloody shame
Little Mac You're just jealous of their success. The "less fortunate" like to whine and complain and blame their situation on the wealthy; they need to get off their asses and work harder if they want a better lifestyle. smh!
@@slytherin3034 bingo
When are they going to start calling in LeBro, Tiger, Messi, Ronaldo, Federer, Brady etc and ask them about the wage gap between them and the other employees in NBA, PGA Tour, NFL, ATP, FIFA etc. It's not fair that a CEO responsible for billions of dollars and thousands of employees makes the same as entertainment people. This is so stupid. This politician is not only ignorant but evil, pure evil.
What are you talking about? Are you really that stupid? Comparing a financial institution that have power to corrupt and change the markets and as in 2008 take the country into a recession. And you compare that to a sport where you go to see the game not because of who the owner is but the player. If the players are juan, pedro, jonh etc you won’t go to see the game in comparison I don’t know many people who open an account in a bank and they tell you it’s because Jamie Diamond is the CEO. Wow your stupidity is astounding.
Welcome to neoliberal heaven :)
Grade pay structure , job evaluation and job analysis enable human resource department to stipulate reasonable compensations. I do not find any harm in it if this guy is being paid the highest direct compensation
What about her party and her taking money from corporations?
Lol CEO runs a billion dollar company. Average workers answer the phone. If there wasn’t a pay gap, who would want to be a CEO?
Cobatt is spot on. In their business there's opportunity to do well and progress. It's a meritocracy. It is also a case of supply and demand. There are too many people for each job so there is wage pressure . At his level there is less supply . It is 2019! 21st century. Slavery has zero to do with banking. She is nuts.
This women has no idea about simple market rates
How did this woman become a congressman? She could barely speak English.
congress is supposed to represent the people. Many people who vote speak spanish and her message probably echoed with them.
if you don't understand her I worry you might not understand English.
@Robin Cantrell Robin I wasn't talking to you, I was talking to invisible guy.
Because the people who voted for her are racists. Same as Aoc’s district.
There are a lot of other qualified people of all colors that could become a Congress member. But this lady isn’t qualified and the only reason she’s voted in because she’s Hispanic.
Some of you sharing comments are pointing to her accent. Please try to keep the issue at hand which is very important. If you can’t keep up than spend some time with “OTHERS”. God bless! Right? 🇺🇸
Thank you.
she can't even speak English lol
She speaks fine English. She just has an accent.
I would want my boss to be paid more than me , so that it'll motivate me to reach that level. I would feel awful to get that promotion ,after working so hard to get there and finding out my boss makes only a couple 100 more than me!! Yikes !!
living in Ivy Towers? Taking this abuses for their company's shareholders & valued employees with class is a true demonstration of character , these good men deserved the pay they are receiving. I voted for Obama, and after watching these Dems promoting entitlement, I cannot support another Dem again. Thank you, CEOs you for showing your courage, intelligent & ethic with dignity. I am proud to be one of your employees.
Johnny Kuang
You are the opposite of woke. These guys have been involved in a plethora of financial crimes, including supporting terrorism, regime change, drug trafficking, and even slavery.
That has to be the most uniformed and sycophantic opinions I have witnessed. You're staring at the most overprivileged, entitled corporate welfare queens in the country (i.e., banking CEO's) and you can't even see it. Since it was lost on you, those are the very ass hats who caused the financial crusis, got bailed out after committing a slew of financial crimes and bribed the federal government to keep their national embezzlement scheme running. They pulled that scam off by using U.S. taxpayer dollars, while fighting to evade THEIR tax responsibilities to the nation.
@@willd6438 so it's the government not them
@@vong3484 You have it backwards. Crooked politicians are all in these crooked bankers pockets. Hell, Jamie Dimon has personally threatened any Congressional politician who defies him using financial extortion.
@@willd6438 the reason they are able to get into their pocket is because the government is too powerful.
Maybe starting wages dont deserve it. Anyone think about that
The problem is this woman is on the cusp of making a good point but because she’s a congresswoman not a businesswoman, she can’t differentiate the fact the tax cuts work and have worked and our economy is booming, where she goes wrong is to suggest to pay everyone more and pay himself less, even if he lowered his salary to 50k a year the millions of dollars left over dispersed to employees would literally equate to a few dollars each, they have thousands of employees you can’t just say raise their salaries. What should be done is acknowledge the tax cuts work because it puts more money in the hands of employers allowing them to hire more people, the stipulation should be the tax cuts should indirectly have to go to employees/ re invest into the business, the left over profit from the tax cuts shouldn’t go to ceo, but don’t discredit the tax cuts that are responsible for the low unemployment and strong economy we have right now.
BUT THE TAX CUTS WORK LOL
[citation needed]
The problem with your tax cut argument is that it is out of touch with proven math principles, fiscal reality and U.S. economic history. Republican tax cuts have never and will never be self-funded because any tax structure that is less progressive than the progressive distribution of national income and wealth will only produce growing national debt. Why? Math! Reagan and the neoliberal crowd have proven this to be true since he was stupid enough to reduce taxes on the wealthy and corporations in the 1980's. Growing national debt did not manifest itself in the U.S. until Reagan and his neoliberal ilk wrecked the national tax code.
Will D lower the spending, stop taking( taxing) and giving it to people who aren’t paying into the system and guess what, there won’t be any debt, and even with tax increases from Obama he still saw the biggest % increase in the national debt, % is the point because I’m not gonna try and pull a falsehood and say it’s the highest dollar amount because although it is, it’s relative to the amount there was when he came into office, but still debt increases rapidly because the gov, even with tax increase, increase spending past the point of what they were taking in, cut taxes, cut spending and there will not be any debt, and yes the tax cuts have produced the economy we have now, steady amazing gdp growth and the lowest unemployment numbers we’ve seen in a long time.
@@Johnny974 The problem with your spending argument is that it has been utter bullshit since the Republican Party began spewing that fraud. The problem this country faces with its government can be traced to neoliberal politicians in both parties, since Richard Nixon was elected in 1968. I'm referring to Republican, Tea Party and Third Way Democratic politicians. In stark contrast, Progressive Democrats are the only politicians who have displayed any economic or fiscal competence whatsoever. I'm not pointing this out over political differences. Instead, it is over the merits of the underlying economic, fiscal and mathematics principles involved. Allow me to point out that growing national debt is directly tied to decades of Republican economic and fiscal reforms and practices, NOT those of Democrats. Case in point, it was Reagan and his ilk who ushered in the era of growing deficits and national debt when he slashed government revenues and engaged in deficit spending. I will also point out that Congressional Republicans repeatedly abandon fiscal discipline every time they are in the majority or White House. So, stop blaming government for the problem when it is actually politicians who share your economic/fiscal beliefs and narratives who are ALWAYS found to be the culprits behind dysfunctional government. Donald Trump, Mitchell McConnell and former House Speaker Paul Ryan epitomize this seditious/treasonous conduct.
@@willd6438 hint: saying "math" doesn't prove a mathematical point, even though it appears you think it does.
2+3= football, because math! See, it didn't work there either.
Execute these market manipulators