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> On top of the stock awards, Equifax has agreed to cover Smith's medical bills for life, a benefit the company estimates is worth another $103,500, according t

> On top of the stock awards, Equifax has agreed to cover Smith's medical bills for life, a benefit the company estimates is worth another $103,500, according to a company filing. I guess Equifax assumes death will come swiftly for this man.

Ididntdothis 7y ago
I always like it when CEOs get the benefits they claim are too expensive to keep for regular employees. Things like pension and health insurance. At this income level they should get a paycheck and no other benefits. They have enough money to buy other things.
- tialaramex 7y ago
  It's a brilliant subversion of the Protestant Work Ethic. Work is inherently good (I don't agree with this proposition but it's popular even among atheists) and so therefore we must reward workers. It therefore stands to reason we should reward people more the harder they work And your income is an adequate proxy for how hard you work And your wealth is an adequate proxy for income And so we should reward people for being wealthy And this ends up with the situation where being an heiress sat on her ass doing nothing but owning an investment portfolio means you deserve tax breaks and above inflation raises, whereas if you put 60 hours per week in as an "independent contractor" for unprofitable new "sharing economy" businesses owned by that portfolio you don't even deserve a living wage.
  - luxuryballs 7y ago
    work is meaningless without productivity, I could work really hard carrying rocks around my yard all day with nothing to show but a sore back
    - tialaramex 7y ago
      The Protestant Work Ethic says that's fine, you were working and that's what God cares about. Of course your labour is not producing anything, since God is omnipotent all the stuff you might think of as being produced by your labour is actually gifts from God anyway, your work is not valuable for what it produces since God could make everything effortlessly. And indeed historically this was the actual rationale for a variety of punishments that really were carried out on huge numbers of convicts, including carrying heavy objects from one place to another and back or being forced to raise and lower weights that serve no purpose. "Arbeit Macht Frei" doesn't appear from nowhere as a unique evil idea.
      - Ididntdothis 7y ago
        "Arbeit Macht Frei" was just a cynical use of language by the nazis. It shouldn’t be mentioned in this context.
      - dta5003 7y ago
        This is a ridiculous representation of Protestant Work Ethic.
    - lmpostor 7y ago
      Cool story, but I don't see how your example has anything to do with anything previously mentioned. Obviously the entire point the prior statement is that we are applying rewards to "states" rather than actually applying it to any productivity metric.
- mikeash 7y ago
  Better yet, give them the same benefits as other employees and pay them a reasonable amount instead of paying them more money in a year than most of their underlings will make in their lifetimes.
- thatfrenchguy 7y ago
  Arguably they should not earn that kind of money.

Ididntdothis 7y ago

I always like it when CEOs get the benefits they claim are too expensive to keep for regular employees. Things like pension and health insurance. At this income level they should get a paycheck and no other benefits. They have enough money to buy other things.

tialaramex 7y ago
It's a brilliant subversion of the Protestant Work Ethic. Work is inherently good (I don't agree with this proposition but it's popular even among atheists) and so therefore we must reward workers. It therefore stands to reason we should reward people more the harder they work And your income is an adequate proxy for how hard you work And your wealth is an adequate proxy for income And so we should reward people for being wealthy And this ends up with the situation where being an heiress sat on her ass doing nothing but owning an investment portfolio means you deserve tax breaks and above inflation raises, whereas if you put 60 hours per week in as an "independent contractor" for unprofitable new "sharing economy" businesses owned by that portfolio you don't even deserve a living wage.
- luxuryballs 7y ago
  work is meaningless without productivity, I could work really hard carrying rocks around my yard all day with nothing to show but a sore back
  - tialaramex 7y ago
    The Protestant Work Ethic says that's fine, you were working and that's what God cares about. Of course your labour is not producing anything, since God is omnipotent all the stuff you might think of as being produced by your labour is actually gifts from God anyway, your work is not valuable for what it produces since God could make everything effortlessly. And indeed historically this was the actual rationale for a variety of punishments that really were carried out on huge numbers of convicts, including carrying heavy objects from one place to another and back or being forced to raise and lower weights that serve no purpose. "Arbeit Macht Frei" doesn't appear from nowhere as a unique evil idea.
    - Ididntdothis 7y ago
      "Arbeit Macht Frei" was just a cynical use of language by the nazis. It shouldn’t be mentioned in this context.
    - dta5003 7y ago
      This is a ridiculous representation of Protestant Work Ethic.
  - lmpostor 7y ago
    Cool story, but I don't see how your example has anything to do with anything previously mentioned. Obviously the entire point the prior statement is that we are applying rewards to "states" rather than actually applying it to any productivity metric.
mikeash 7y ago
Better yet, give them the same benefits as other employees and pay them a reasonable amount instead of paying them more money in a year than most of their underlings will make in their lifetimes.
thatfrenchguy 7y ago
Arguably they should not earn that kind of money.