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Started By
Message
re: Company CEO’s getting increasing pay.
Posted on 6/4/24 at 5:28 pm to CatfishJohn
Posted on 6/4/24 at 5:28 pm to CatfishJohn
Not sure but Japan managed to figure it out
0
Posted on 6/4/24 at 5:29 pm to meansonny
quote:
When you hire a CEO, do you want to hire the best candidate?
Or 100th best candidate.
There is a limited supply of "best" in the marketplace.
And if your goal is to hire the best then you will open your wallet.
There's a lot of assumptions in that statement.
Posted on 6/4/24 at 5:29 pm to Cycledude
Greed is strong these days….
Posted on 6/4/24 at 5:29 pm to Upperdecker
quote:
Companies can grow massively without generating a profit. Not all companies currently plan to generate a profit
Making a profit and showing a profit are two different matters.
Posted on 6/4/24 at 5:30 pm to jclem11
If that's what you call sipping, then that is funny.
I don't think people know what a CEO does.
I don't think people know how competitive the marketplace for hiring a CEO is.
I don't think people have a concept of numbers (total revenues for these companies versus employee pay and CEO pay).
It is one thing to be jealous.
It is another to be jealous through ignorance.
I don't think people know what a CEO does.
I don't think people know how competitive the marketplace for hiring a CEO is.
I don't think people have a concept of numbers (total revenues for these companies versus employee pay and CEO pay).
It is one thing to be jealous.
It is another to be jealous through ignorance.
Posted on 6/4/24 at 5:31 pm to Green Chili Tiger
quote:
I'll admit that is a huge gap and really bad optics, but when was the last time you saw an "average median paid employee" get called into a congressional hearing?
The a-hole gets called in for the hearing because of bullshite they pulled. Their “punishment” is typically a severance of a few million and they lose a little bit of their shares in the company, if any punishment at all.
Posted on 6/4/24 at 5:33 pm to McVick
quote:
There's a lot of assumptions in that statement.
It is basic supply vs demand with the definitive supply a number so small that people can't comprehend it.
But we see it with athlete salaries.
We see it with healthcare (are you paying for the best healthcare for your parent/spouse? Or 100th best?).
And we see it with CEOs.
Yet the concepts don't click for some reason.
As if people want to be angry.
Posted on 6/4/24 at 5:34 pm to Adajax
quote:
The average Minnesota Vikings employee makes $16 - $34 per hour. Justin Jefferson is making $27.5 mil/yr. Does that sit right with you? ETA: $27.5 mil/yr is just the guaranteed amount. He'll make more.
Is Justin Jefferson the CEO (or owner) of the Vikings? That’s a shite comparison and you know it.
Posted on 6/4/24 at 5:34 pm to dukke v
quote:
Greed is strong these days….
So is class envy.
Posted on 6/4/24 at 5:34 pm to TDTOM
quote:
Jealousy is not a good look.
Wat? I live comfortably (i'm arguably rich by most metrics) and want for nothing.
I am aware enough to realize that the current economic structure is broken and there are a lot of folks suffering out there.
Income inequality is at an all time high and inflation is exploding.
Sweep on TDTOM. You might get a crumb or two for your efforts.
Posted on 6/4/24 at 5:35 pm to meansonny
quote:
The limited supply for the skill (essentially an 80 hour work week with competence levels in a broad range of expertises) drives up the supply. I don't want to work 80 hours a week. 99.9% of the people I know (even those with extremely high competencies) don't want it either
Bless your heart if you genuinely believe they are working 80 hours a week. Truly, bless it.
Posted on 6/4/24 at 5:36 pm to jclem11
quote:
Income inequality is at an all time high and inflation is exploding.
Then let if fail. Stop bailing out industries, printing money and let things settle
Posted on 6/4/24 at 5:36 pm to CatfishJohn
quote:
How would you suggest we change this?
Incentive/Goal oriented pay structures.
Posted on 6/4/24 at 5:37 pm to meansonny
quote:
It is one thing to be jealous.
It is another to be jealous through ignorance.
Wut? Can you not acknowledge that it's a big perception problem that C Suite bonuses and pay keeps skyrocketing while the vast majority of the population can't afford a $500 emergency and will never own a home?
You realize that this is not good for society writ large and will cause downstream problems.
I know I know mUh FrEe MaRkEt and all that shite but that won't matter when the poors and disenfranchised starting burning shite down because they have no investment in society or system they feel has neglected them.
This post was edited on 6/4/24 at 5:49 pm
Posted on 6/4/24 at 5:38 pm to meansonny
quote:
demand with the definitive supply a number so small that people can't comprehend it.
Is it though?
Posted on 6/4/24 at 5:38 pm to Chief Hinge
quote:
Incentive/Goal oriented pay structures.
Which is how the vast majority of CEO comp is paid. Salary is quite small compared to options and grants.
Posted on 6/4/24 at 5:44 pm to NC_Tigah
quote:
In that instance, would you like to work for a company whose CEO pulled $39m? How about $390m? Or would you prefer working for a company whose CEO made 5x your $50K/yr salary?
While I know you didn't mean it that way in a vacuum I might rather work for a CEO that makes 5x because he/she will likely be working someone that is making hundreds of millions a year can fail horribly and still be filthy rich which is one of the problems with the situation but I suppose companies feel like they have to give golden parachutes to entice talent.
I interact with F500 C-suite denizens all the time, some are brilliant and some I come away thinking who the frick is their daddy.
Posted on 6/4/24 at 5:45 pm to Cycledude
Y’all blame the innocent ceo when the reason yall don’t make more money is women and migrants
If they took both out of the workforce the same or more work would get done and wages would rise and the prices of everything would go down
If they took both out of the workforce the same or more work would get done and wages would rise and the prices of everything would go down
Posted on 6/4/24 at 5:46 pm to el Gaucho
Your schtick is so tired and played out.
Posted on 6/4/24 at 5:47 pm to Cycledude
When I was in the oil industry and it tanked, pay cuts, budget cuts, layoffs, consolidation of jobs leading to a stressful and unstable job environment. It was a bloodbath. Then I find out the COO is still staying in five star hotels (which he admitted during a speech) when traveling and made over 5 Million a year. The stock flatlined, but that did not affect their lifestyle. Meanwhile I got to witness great hard working people get laid off to save a buddy’s job from another division.
The people who work their arse off in middle management should be the ones making bank.
We had a welder who would literally save the rig big money to prevent downtime or mitigate it. He saved the day once a week. At the daily management meeting, the main topic was the status and availability of the welder. The guy was probably not even making six figures, but would be responsible for saving the company 6 figures once every two weeks.
So messed up.
The people who work their arse off in middle management should be the ones making bank.
We had a welder who would literally save the rig big money to prevent downtime or mitigate it. He saved the day once a week. At the daily management meeting, the main topic was the status and availability of the welder. The guy was probably not even making six figures, but would be responsible for saving the company 6 figures once every two weeks.
So messed up.
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