I'd bet if you deduct C-suite salaries that profit becomes a heck of a lot larger. C-suite execs and wall street raid companies for profit all while screwing the average American. This is not news--look at stock buybacks.
If these companies paid less grossly-imbalanced compensation packages to their C-suite vs. the average employee salary, and they operated like an actual company vs. a rich person's piggy bank, I'd be sure willing to bet that profit margin would be a heck of a lot higher. They'd probably be more efficient and provide better service, too.
If these companies paid less grossly-imbalanced compensation packages to their C-suite vs. the average employee salary, and they operated like an actual company vs. a rich person's piggy bank, I'd be sure willing to bet that profit margin would be a heck of a lot higher. They'd probably be more efficient and provide better service, too.