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re: Company CEO’s getting increasing pay.

Posted on 6/5/24 at 11:47 am to
Posted by Czechessential
Member since Apr 2024
1437 posts
Posted on 6/5/24 at 11:47 am to
quote:

You can very easily argue that since 2016, they're the party of big business. Especially since covid.


goes back waaaaaaayyyy before then
Posted by olemc999
At a blackjack table
Member since Oct 2010
15006 posts
Posted on 6/5/24 at 12:00 pm to
quote:

Profit sharing


That is the best way to keep from having an apathetic workforce.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 6/5/24 at 12:28 pm to
While you're not wrong, companies are more and more going to standardized wages and stopping people from getting promoted too quickly. The other assumption is that someone like me cannot get both the good benefits and increase in pay by moving employers every 3 to 5 years. That hasn't been considered a "job hopper" with associated negative stereotypes for over a decade. I stay as long as a company is good to me and pays me well, and do understand the grass isn't always greener, but for most people it is beyond advantageous to move every 3 to 5 years until they get director level and beyond.
Posted by thatdude
S. Louisiana
Member since Oct 2009
234 posts
Posted on 6/5/24 at 1:45 pm to
Well on average, they make a little more than professional athletes which is the way it should be. You want to complain about people making too much money, maybe look at athletes.
Posted by Galactic Inquisitor
An Incredibly Distant Star
Member since Dec 2013
18452 posts
Posted on 6/5/24 at 2:15 pm to
quote:


How would you suggest we change this?


Eat the rich. Burn down the stock exchange.
Posted by CharlesLSU
Member since Jan 2007
33173 posts
Posted on 6/6/24 at 7:54 am to
Not a boomer.

Have come very close to C-suite and it was my miss steps that kept it from happening. My responsibility.

Still climbing the mountain but making a solid wage on that journey.

Accountability. It’s more than a word.
Posted by Midtiger farm
Member since Nov 2014
5861 posts
Posted on 6/6/24 at 7:57 am to
quote:

Well on average, they make a little more than professional athletes which is the way it should be. You want to complain about people making too much money, maybe look at athletes.


Why? They are employees of teams and organizations that are worth billions of dollars and without them said team or league wouldn't be worth that much

The WNBA and women's soccer don't make much money or lose money as a whole so guess what? their employees (the athletes) don't make much money
Posted by LSUfan4444
Member since Mar 2004
56556 posts
Posted on 6/6/24 at 7:58 am to
quote:

You want to complain about people making too much money, maybe look at athletes.


Stop being a simpleton...life in general and issue resolution is not either/or. Your hierarchy might not be someone elses and that's okay but it doesnt mean one thing needs to take a back seat.
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 6/6/24 at 8:26 am to
quote:

making too much money, maybe look at athletes


Really should include ALL entertainers.

Actors? Dime a dozen and paid to make pretend.
Singers/Musicians? Again. dime a dozen, just about every family reunion across America someone breaks out a guitar and at least hums a tune.

The lists goes on and on for every type of entertainment, dime a dozen participants.
Posted by hubertcumberdale
Member since Nov 2009
6794 posts
Posted on 6/6/24 at 8:32 am to
quote:

If a company is profitable and most employees have decent pay then no issue with it. If a company is not making profit, then executives do not get massive bonuses. That's bullshite.
I once worked for a company that was bleeding money for years and the CEO and his minions couldn't care less. They left the company with golden parachutes while everyone else got fired by the company that acquired them.


100%

quote:

The U.S. oil and gas companies that filed the 25 largest bankruptcy cases from 2018 to 2020 paid a combined $199.4 million in cash bonuses, retention payments and severance to 76 executives, for an average of about $2.6 million per executive, the report found. That compares with salaries of around $50,000 to $60,000 for oil rig workers.


quote:

Bankrupt companies gave $165 million in bonuses to top execs before going belly up last year


quote:

U.S. energy CEOs are awarding themselves millions in bonuses as their companies go bankrupt
This post was edited on 6/6/24 at 8:37 am
Posted by ragincajun03
Member since Nov 2007
27160 posts
Posted on 6/6/24 at 8:41 am to
quote:

The guy with over 50K post on Tigerdroppings and He/They pronouns in his profile is claiming to be a CEO


El Gaucho makes bank, and unlike many of y’all who were completely unmarketable and unemployable in Louisiana and had to flee to Katy for a job, he’s been able to remain in Vermilion Parish and still make baller income.
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