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Message
re: CEOs make too much money
Posted on 8/5/25 at 9:41 pm to PetroAg
Posted on 8/5/25 at 9:41 pm to PetroAg
I've worked for a ...very.. long time at such a company, having seen good and bad CEOs. Our current CEO's greatest assest is literally shutting up (something the prior one could not do). Despite catch phrases like "innovate", "lead", etc, truth is, all we do is follow others or buy them up - and it works astonishingly well, as our stock is doing wonderfully.
So is the CEO worth his pay? Not even remotely. Then why do they get paid so much? Simple - the business management virus, ie. people in management with no actual skills. These people believe they can manage others / a business just by numbers, without any clue about what the employees actually do much less how they do it.vThe worst aspect of these types is the virus aspect, where they hire and expand their kind. Check the history of the big companies and it is always the same; as their size grew, their overhead - ie these types - grows exponentially.
What does this have to do with CEO pay? Who you think is on the board or managing controling shares? The same people that when they were in turn hired people like themm etc, etc, and then made one the CEO.
So is the CEO worth his pay? Not even remotely. Then why do they get paid so much? Simple - the business management virus, ie. people in management with no actual skills. These people believe they can manage others / a business just by numbers, without any clue about what the employees actually do much less how they do it.vThe worst aspect of these types is the virus aspect, where they hire and expand their kind. Check the history of the big companies and it is always the same; as their size grew, their overhead - ie these types - grows exponentially.
What does this have to do with CEO pay? Who you think is on the board or managing controling shares? The same people that when they were in turn hired people like themm etc, etc, and then made one the CEO.
2
Posted on 8/5/25 at 10:08 pm to PetroAg
I agree.
Posted on 8/5/25 at 10:12 pm to FooManChoo
quote:
As with any job, it is worth whatever an employer is willing to pay.
Many of the same people disagreeing with you would say nothing about an athlete making more than many CEO's.
Posted on 8/5/25 at 10:13 pm to PetroAg
If the CEO of Walmart split his salary among all his employees, they would all receive an additional $13 per year. Life changing!
Posted on 8/5/25 at 10:14 pm to PetroAg
So let's consider the risk side of being a CEO.
1. You're responsible for the company. Entire thing, yes you delegate but end of day it's on you to be successful. That's a lot of moving pieces and work. You're probably giving up nights and weekends at home regularly.
2. There's not a whole lot of high level CEO jobs in general. And companies don't switch ceos unless there's a problem or previous CEO left for greener pastures. So when you get fired or company fails you can't easily go get another job as a CEO.
3. If you're successful and your ownership decides to exit and sell the company you likely end up without a job or taking a step down.
4. There's a lot of knowledge involved. A CEO needs to understand sales, finance, marketing, operations, and have a vision for the future based on understanding of this business and the market.
5. Personal liability. There are situations where a CEO can be personally liable for misconduct in some situations.
So yes CEO pay is a lot but there is also a lot of risk to being a CEO vs other positions. The idea of stock options as pay and other mechanisms that make them wealthy. They also outside the cfo have the best view into financial position and funding options, which makes it easier to squeeze companies for equitable pay. My recommendation is work your way up enough to see some financial info and you'll find yourself able to make more money
1. You're responsible for the company. Entire thing, yes you delegate but end of day it's on you to be successful. That's a lot of moving pieces and work. You're probably giving up nights and weekends at home regularly.
2. There's not a whole lot of high level CEO jobs in general. And companies don't switch ceos unless there's a problem or previous CEO left for greener pastures. So when you get fired or company fails you can't easily go get another job as a CEO.
3. If you're successful and your ownership decides to exit and sell the company you likely end up without a job or taking a step down.
4. There's a lot of knowledge involved. A CEO needs to understand sales, finance, marketing, operations, and have a vision for the future based on understanding of this business and the market.
5. Personal liability. There are situations where a CEO can be personally liable for misconduct in some situations.
So yes CEO pay is a lot but there is also a lot of risk to being a CEO vs other positions. The idea of stock options as pay and other mechanisms that make them wealthy. They also outside the cfo have the best view into financial position and funding options, which makes it easier to squeeze companies for equitable pay. My recommendation is work your way up enough to see some financial info and you'll find yourself able to make more money
Posted on 8/5/25 at 10:15 pm to Melkor
quote:
So is the CEO worth his pay? Not even remotely.
What's the exact math on that?
Posted on 8/5/25 at 10:15 pm to PetroAg
We got Bernie bots posting now? What’s this place become?
This post was edited on 8/5/25 at 10:15 pm
Posted on 8/5/25 at 10:17 pm to PetroAg
In a company with 10k employees. What would you rather have, an extra 30 bucks a month or a CEO making the company tons of cash and making multiples of that either stock, raises, bonus?
30 million is a bargain for a great executive
30 million is a bargain for a great executive
Posted on 8/5/25 at 10:18 pm to PetroAg
quote:
The average CEO of a top 500 fortune company makes $20-$30M. The average 20 year employee is making $80k-$150k.
Piggy backing of the trickle down economics thread. I’m not anti capitalist or pro communist, but I don’t see how some individuals are worth 300x more than a tenured employee that is producing value. Not burger flippers or pencil pushers, but engineers, accountants, sales reps, high performing individual contributors.
The CEO to employee ranking use to be 30:1 in the 1980s which I can understand but it is now approaching 300:1 in some companies. Seems like things are out of whack.
I don’t think government intervention is ever a good solution, but it does seem like a glaring issue with the wealthy getting wealthier and the upper middle class shrinking. $100k ain’t what it used to be.
The issue is there's not much left if you divide it amongst the employees.
According to chatGPT the average company size for a fortune 500 company is 66,000.
Take the middle of your 20-30 mil figure (25 mil) and divide that by 66,000.
That's $378.78.
So, each employee can get a .25 cent raise if the CEO makes zero dollars and splits his salary.
quote:
$100k ain’t what it used to be.
What about 100.378k?
Posted on 8/5/25 at 10:19 pm to Melkor
quote:I don’t want my CEO knowing specifics about jobs. That’s not an executives job, you have managers for that
These people believe they can manage others / a business just by numbers, without any clue about what the employees actually do much less how they do it.
Posted on 8/5/25 at 10:19 pm to PetroAg
Do they make as much money as pro athletes?
How about good Ai programmers?
I'll wait for your answer.
How about good Ai programmers?
I'll wait for your answer.
Posted on 8/5/25 at 10:24 pm to Jake88
quote:
You sound rather envious.
You sound rather retarded simping for the ultra rich
Posted on 8/5/25 at 10:26 pm to billjamin
quote:
We got Bernie bots posting now? What’s this place become?
Bernie even had to revise his political diatribe from hating on Millionaires to hating on Billionaires since 2016 as he is now a Millionaire who has never worked a day in the private sector and yet has 2-3? waterfront estates gifted to him by the DNC.
Rich Marxists are the worst of hypocrites, including that Taqiyah filth running for NYC mayor.
Posted on 8/5/25 at 10:41 pm to PetroAg
If you have worked for the same company for 20' years and you make no more than $80-150 K you are probably not working for a very profitable company..
Looking at this differently you should look for a company whose CEO makes the most and you'll probably make way more than $150K after 20 years.. why? If you don't understand why you probably aren't worth $150K..
Looking at this differently you should look for a company whose CEO makes the most and you'll probably make way more than $150K after 20 years.. why? If you don't understand why you probably aren't worth $150K..
Posted on 8/5/25 at 10:55 pm to geauxtigahhhs
quote:This is a very intelligent statement. Can't imagine what's held you back in life.
You sound rather retarded simping for the ultra rich
Posted on 8/5/25 at 11:05 pm to PetroAg
Elite CEOs are one of the primary reasons we have anything of value left in this country. Let’s attack them. Good call.
Posted on 8/5/25 at 11:07 pm to FooManChoo
quote:
The future of a company can rest in the hands of a good CEO. Considering there is only one of them at a time, the demand is high, which means it has to pay a lot to attract a good one. As with any job, it is worth whatever an employer is willing to pay.
Very few of them are Michael Jordan but they all get the huge dollars. They often times destroy companies single handedly.
For example: my company where I was the CFO was being sold. We divulged all our numbers to potential buyers. One CEO sat in my office and was completely off on the numbers even though we gave them to him. He way overbid.
Posted on 8/5/25 at 11:12 pm to PetroAg
All that money out there, so why aren't more entrepreneurs flooding in trying to get some of that massive market share?
Compliance costs.
Your problem isn't w/ big companies. It's w/ our government hamstringing the economy through a metric frickton of regulations and taxes. Cronies LOVE that shite, because it keeps competitors out of the market.
Cronies are a symptom. Politicians are the disease.
Compliance costs.
Your problem isn't w/ big companies. It's w/ our government hamstringing the economy through a metric frickton of regulations and taxes. Cronies LOVE that shite, because it keeps competitors out of the market.
Cronies are a symptom. Politicians are the disease.
Posted on 8/5/25 at 11:36 pm to Auburn80
quote:There are a lot of athletes that sign lucrative contracts and don’t pan out. The expectation, though, is that a CEO is taking on a lot of risk and responsibility in setting the direction for the entire company.
Very few of them are Michael Jordan but they all get the huge dollars. They often times destroy companies single handedly.
For example: my company where I was the CFO was being sold. We divulged all our numbers to potential buyers. One CEO sat in my office and was completely off on the numbers even though we gave them to him. He way overbid.
I get that CEO salaries—especially at large companies—seem outrageous, but again, it’s all about supply and demand at the end of the day. If a company is willing to pay that much, that’s what it is worth.
Posted on 8/5/25 at 11:41 pm to PetroAg
MLB, NBA, and NFL teams have tens of thousands of employees. Why do the players make so much more money than the person at the ticket counter or the director of marketing, or the trainers? It's because the players are irreplaceable while everyone else is not.
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