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And Larry and Sergey gave Sundar Pichai 200 mil. not to jump from Google and Steve gave Tim Cook 400 mil. to stay on. It's their private business how they compe
by qaq 11y ago
And Larry and Sergey gave Sundar Pichai 200 mil. not to jump from Google and Steve gave Tim Cook 400 mil. to stay on. It's their private business how they compensate their executives.
- astrodust 11y agoNot if they're accountable to shareholders.
- qaq 11y agoThey are accountable to shareholders they are not accountable to farmers and are not bound by what farmers think is a fair compensation.
- astrodust 11y agoIf farmers, and by proxy the people in general have no say at all then their society is broken.
- qaq 11y agoWhy would they have a say in how private company compensates it's officers?
- dragonwriter 11y agoFor companies which are corporations, because a corporation is a creature of government, granted a charter by some government and permitted to operate within the jurisdiction of others with various privileges and protections because doing so is seen as serving the public interest for which those governments are responsible to their people.
- qaq 11y agoYou are perfectly fine regulating the tax side, even in most socialist European countries there are no pay caps.
- astrodust 11y agoThat's the "say" I'm talking about. Where the public can vote to dis-incentivize out of control executive pay with taxes. Making $5-50MM per year is a lot, but some make in excess of $1B per year and pay almost nothing in taxes. This money doesn't come from nowhere, and these multi-billionaire hedge fund managers are often squeezing it out of things like managed pension funds and other investment pools.