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Started By
Message
re: Company CEO’s getting increasing pay.
Posted on 6/4/24 at 5:49 pm to Dairy Sanders
Posted on 6/4/24 at 5:49 pm to Dairy Sanders
quote:
Bless your heart if you genuinely believe they are working 80 hours a week. Truly, bless it.
How many CEOs have you met with?
Do you work for a fortune 500?
0
Posted on 6/4/24 at 5:51 pm to el Gaucho
quote:
Y’all blame the innocent ceo when the reason yall don’t make more money is women and migrants
The current migrant issue is why lower wages are now flattening.
It is ironic to see democrats fight for unfettered immigration and then complain about a wage gap in the next breath.
The amount of ignorance when it comes to the proverbial CEO debate is astounding.
Posted on 6/4/24 at 5:55 pm to Cycledude
You become a CEO and let me know how you will distribute your wealth within your company since you make too much.
Posted on 6/4/24 at 6:26 pm to Cycledude
quote:
Cycledude
Look who didn't go to Harvard Business School for their MBA and then work at McKinsey, using your 4 years of work experience to tell someone else how to run their company.
Loser.
Posted on 6/4/24 at 6:31 pm to el Gaucho
quote:
you could one day be ceo like us boomers
Yep, we’re all CEOs.
Posted on 6/4/24 at 6:32 pm to Penrod
There sure are a lot of “I have a problem” people in this thread and no “I have a solution” people.
Posted on 6/4/24 at 6:36 pm to pankReb
quote:
There sure are a lot of “I have a problem” people in this thread and no “I have a solution” people.
It is the kindergarten culture that our society gets stuck in.
If you complain enough, the kindergarten teacher makes things right (fair).
Posted on 6/4/24 at 6:39 pm to meansonny
Don’t get me wrong….i think it’s horseshite how much they make and I’m pissed about wages being stagnant as well.
But I also understand the competitive nature of the position and that the company wouldn’t be passing any of that money to the bottom line employees. So at the end of the day…..we would just be preventing people from making a certain amount of money because of feelings.
But I also understand the competitive nature of the position and that the company wouldn’t be passing any of that money to the bottom line employees. So at the end of the day…..we would just be preventing people from making a certain amount of money because of feelings.
Posted on 6/4/24 at 6:42 pm to Cycledude
quote:
16.3 million per year.
do they add more than 16.3mill in value per year? If so, then of course its fine. High performing employees are like professional athletes. A very small percentage of people can perform at that level. Hence the pay gap. Look at the gap between MLB players and minor league players. Both are excellent at baseball. One is a slight bit more excellent and they command millions more.
Also, if you took that 16.3mil and divided equally among all employees, how much would that be? I'm guessing less than a grand for for each employee.
This post was edited on 6/4/24 at 6:44 pm
Posted on 6/4/24 at 6:43 pm to Dadren
quote:
Don’t want to put words in that posters mouth, but it’s a perception problem
Okay, so then there isn’t an actual problem, just people’s perceived notion of unfairness. Seeing as that perception is by and large wrong (there are exceptions), is there any solution to said problem of perception that the ill-informed would accept that doesn’t involve going after the CEO’s pay rectify their incorrectly perceived slight?
Posted on 6/4/24 at 6:45 pm to Cycledude
We're worth it.
Posted on 6/4/24 at 6:47 pm to Mariner
quote:
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.
Half this board will say h3 didn't work hard enough and it's his problem for being a poor.
The truth is that there are thousands of people like this in these companies but many of the retards around here are too busy sniffing the CFOs arse to pay attention and appreciate the people that get things done.
Posted on 6/4/24 at 6:57 pm to Cycledude
quote:
Last year the average CEO for Fortune 500 companies made 196 times more than their average median paid employees. The median pay package for CEO’s was 16.3 million per year.
This is comparing 500 people, who happen to be at the top of the largest companies on earth, with millions of employees, some of whom sweep floors, stock shelves, pop popcorn, and are as young as 15 years old.
I don't see the point.
Posted on 6/4/24 at 6:59 pm to jcaz
quote:
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.
LEARN
TO
CODE
Posted on 6/4/24 at 7:05 pm to Cycledude
Honestly in it doesn’t sit right with me either, but I don’t want the most popular solution either: government regulation.
Posted on 6/4/24 at 7:10 pm to upgrayedd
quote:
The truth is that there are thousands of people like this in these companies but many of the retards around here are too busy sniffing the CFOs arse to pay attention and appreciate the people that get things done.
He can be appreciated.
And should.
But if there are 9999 people who can do the job in this country, that will be reflected in the pay for skill.
There are about 1664 NFL players on 32 teams with a median salary of $810,000 (2022).
That's how these things work.
Are you trying to win?
Are you trying to hire the best X receiver available? Or 100th best?
Posted on 6/4/24 at 7:11 pm to tigeraddict
quote:
If you are responsible for billions of revenue and 10s of thousands of employees wouldn’t you expect the person running it all to make a lot of money? You have to pay for talent
Agreed. My biggest issue is that they face no consequences for doing a poor job. When is the last time a CEO was fired for cause and received none of the bonus, stock award, or salary? Now ask when was that same consideration given to middle management or front line employees?
Posted on 6/4/24 at 7:14 pm to tigeraddict
quote:
You have to pay for talent
Which is funny because according to this board damn near every major corporation is hellbent on alienating half their customer base. That’s the talent you’re talking about?
Posted on 6/4/24 at 7:16 pm to TDTOM
quote:
Which is how the vast majority of CEO comp is paid. Salary is quite small compared to options and grants.
Theres still no disincentive to negotiating a golden parachute and bailing after frying the company though. CEO's are rarely held accountable for their actual performance.
Posted on 6/4/24 at 7:19 pm to Adam Banks
quote:
quote:
demand with the definitive supply a number so small that people can't comprehend it.
Is it though?
You can ask blank questions.
Or you can support an argument on one side or the other.
Is there a difference between success rates in 5 star high school athletes and 3 star athletes?
Is there a difference between 1st round draft picks and 5th round draft picks?
Do you think headhunters can differentiate candidates?
I know that boards don't want to be burdened with these decisions so they outsource it to "experts".
Is there a science to what headhunters do? Even an inexact science like rating high school recruits or draft picks.
Do you think there are deviations of success?
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