Imagine you work full-time as a customer service representative at a call center for one of the giant telecommunication companies. Your job is to help customers deal with a whole array of problems they may have with their wireless devices from poor reception to billing miscalculations to hardware malfunctions. At times, you must talk with irate and agitated callers but you must deal with these customers quickly and expediently or else your job performance will suffer and you may miss out on the potential for year-end bonuses. You have been working for this company for nearly two years and you make just under $25,000 per year.
Given the work you do for the company and the salary you earn, how do you think your income should compare to the CEO of this company? Would it be fair that the CEO makes 10 times more than you? 50 times more? 100 times more? 500 times more? How about 1000 times more than what you earn? This would actually be the reality for you if you worked for T-Mobile. In 2013, the CEO of T-Mobile, John J. Legere, made over 29 million dollars in total compensation—an amount that is greater than 1,100 times what you earned.