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Posted on 9/15/23 at 10:13 am to BilbeauTBaggins
There is a competing tension IMHO. The tension between those on the Left who have dangerous Marxist pretensions to seize the time and labor or others and those on The Right who build these myths of the “ indispensable public company man” who should be exalted.
Bottom line, when people of different socioeconomic classes actively run into each other and live amongst each other , society is more stable. When we divide into a society of peons and Super Men Of The Universe, we are weakened.
This applies even more to our untouchable political class that have immunized themselves from any of the consequences of the laws they pass and the bureaucracies they use to keep Normals in line. CEO compensation is small potatoes compare to that dangerous elite club that has consolidated power to our detriment.
Bottom line, when people of different socioeconomic classes actively run into each other and live amongst each other , society is more stable. When we divide into a society of peons and Super Men Of The Universe, we are weakened.
This applies even more to our untouchable political class that have immunized themselves from any of the consequences of the laws they pass and the bureaucracies they use to keep Normals in line. CEO compensation is small potatoes compare to that dangerous elite club that has consolidated power to our detriment.
Posted on 9/15/23 at 10:15 am to 777Tiger
quote:You'd like to think that. Sure, there are tiers like any profession, but the desired experience and training are uncommonly gained. But if it makes you feel better about yourself, then carry on.
these guys aren't the elite superstars that you guys give them credit for
Posted on 9/15/23 at 10:17 am to Hat Tricks
quote:
Breaking news. CEO of company makes more money than regular employees.
Well, GM has received over $50 billion in govt bailout money. One of the largest welfare queens we have right now
Posted on 9/15/23 at 10:19 am to RoyalWe
quote:
You'd like to think that. Sure, there are tiers like any profession, but the desired experience and training are uncommonly gained. But if it makes you feel better about yourself, then carry on.
I've got three personal, life long friends that are, or have retired as CEOs of huge companies, two publicly traded, one private, if anyone knew the dirt I have on them they might not have been hired to sweep floors, they are just as normal as you and I, just very good at delegating
Posted on 9/15/23 at 10:21 am to rrboy
Well for a company the size of GM the CEO pay is nearly irrelevant to the other employees compensation. GM employs 46,000 UAW workers. If she were paid $0 that would only make an extra $630 available to those 46,000 employees.
To give them a 5% raise would cost $145M.
To give them a 5% raise would cost $145M.
Posted on 9/15/23 at 10:23 am to biglego
quote:
True enough. But there’s always going to be income inequality in any system.
Of course, but too much wealth is tied up at the top 1% right now. Saying there will always be inequality as an excuse to have this much inequality in society is turning a blind eye.
Posted on 9/15/23 at 10:23 am to rrboy
This is a two way street. The ceo has the right to make this much and the employees have the right to demand more pay. Capitalism at work, but some on here have some sort of weird hatred for the average working american wanting to get a piece of the multi billion dollar pie too. It's mind boggling.
This post was edited on 9/15/23 at 10:32 am
Posted on 9/15/23 at 10:25 am to GreatLakesTiger24
quote:
I thought they made a lot more than that TBH
Benefits are not included in that number. They actually do make more.
Meanwhile the benefits are in the CEO’s… including performance benchmark bonuses that may or may not be met.
Posted on 9/15/23 at 10:25 am to rrboy
Salary doesn't mean shite. Dude is probably making 5x that in stock options and other fringe.
If you look at total compensation of execs vs average workers over the past 100 years, the rate of increasing disparity is insane.
If you look at total compensation of execs vs average workers over the past 100 years, the rate of increasing disparity is insane.
Posted on 9/15/23 at 10:26 am to rrboy
quote:
Dodge ceo makes 24 million a year.
Average uaw worker makes about 67k a year.
You seem like someone that bitches about their job constantly, doesn't put in any extra effort, and just expects a huge paycheck for showing up. I could be way off. But this is the person you sound like.
Posted on 9/15/23 at 10:26 am to Lsupimp
It's not a battle of Left vs. Right. It's a battle between the rich and poor perpetuated by government officials who have nothing else to do but seek reelection.
Even though I think Bernie Sanders is a little wild with his philosophy, at least I respect him enough to know that his ideas are his own and he pursues what he believes to be the best interest of Americans, not whoever is in his pockets.
Even though I think Bernie Sanders is a little wild with his philosophy, at least I respect him enough to know that his ideas are his own and he pursues what he believes to be the best interest of Americans, not whoever is in his pockets.
Posted on 9/15/23 at 10:27 am to rrboy
Joe Burrow laughs at mr CEO
Posted on 9/15/23 at 10:27 am to 777Tiger
quote:Sounds like you need to put "Delegation" as a key skill on your LinkedIn and you'll be on your way.
I've got three personal, life long friends that are, or have retired as CEOs of huge companies, two publicly traded, one private, if anyone knew the dirt I have on them they might not have been hired to sweep floors, they are just as normal as you and I, just very good at delegating
Posted on 9/15/23 at 10:27 am to SabiDojo
quote:
Well, GM has received over $50 billion in govt bailout money. One of the largest welfare queens we have right now
I mean, that alone should basically make us all want to throw rotten produce at all involved in that State to Industry greasing of the palms. At this point , America is just an absurdity of the Elites vs the taxpayer. Nothing they do does anything but perpetuate the Leviathan they have created.
Posted on 9/15/23 at 10:30 am to rrboy
CEOs shouldn’t make 432 times what the average company workers make!
Posted on 9/15/23 at 10:33 am to FreddieMac
quote:
Of course, but too much wealth is tied up at the top 1% right now. Saying there will always be inequality as an excuse to have this much inequality in society is turning a blind eye.
According to who? Where is this shortage of money you seem to be referring to?
Posted on 9/15/23 at 10:34 am to Lsupimp
GM Starts Quarterly Dividend Back Last Year, and Increased Buybacks
Cant afford to pay the union a little more but can soak the shareholders.
Cant afford to pay the union a little more but can soak the shareholders.
Posted on 9/15/23 at 10:36 am to BayouFann
quote:
CEOs shouldn’t make 432 times what the average company workers make!
what should the cap be?
Why do people give a shite what people are willing to pay other people
Posted on 9/15/23 at 10:37 am to BilbeauTBaggins
quote:
Even though I think Bernie Sanders is a little wild with his philosophy, at least I respect him enough to know that his ideas are his own and he pursues what he believes to be the best interest of Americans, not whoever is in his pockets.
You’re serious with this shite? Bernie has been in Congress since 1991. Yet somehow his net worth is 15 million and he owns 10 properties across the east coast. A real man of the people I tell ya
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