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The argument that it is substantial once you account for employer and employee taxes is purely fictional. Remember that we are talking about a yearly salary so
by demonshalo 9y ago
The argument that it is substantial once you account for employer and employee taxes is purely fictional. Remember that we are talking about a yearly salary so in terms of net income per household, it does not add much. The idea that redistribution of CEO pay will lead to SUBSTANTIAL (keyword here) improvements in the lives of employees is NOT ALWAYS true. Sometimes it is, and this is not one of those times.
> What happens if the money is distributed according to effort and productivity?
It is. Just not according to what YOU think is just or fair. And here is the kicker, what you think is fair is not in-line with what the board and shareholders think is fair. Do you think any employee @ yahoo has created more value than Marissa? if so who? She clearly didn't steal that money but instead created the opportunities under which such a deal was constructed that allowed her to capture that sum.
From the outside, it is rather easy for you to make some fictional judgement. But it is important to understand that her pay, just like all other employees, is a function of how much value she can capture of the total productivity/profits she bring in.
- serg_chernata 9y agoI don't agree that she brings more value than the engineers building the product.