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"You are under the impression that companies love throwing money at executives, but just like regular employees, companies only pay the minimum they NEED to pay
by jzb 6y ago
"You are under the impression that companies love throwing money at executives, but just like regular employees, companies only pay the minimum they NEED to pay them to keep them around."
Only because we have a system where every company - you know, controlled by execs, and a board made up of execs or former execs from other companies - tell this tale.
We have to stop pretending C-level and VP-level people are special rare unicorns that are the only people who could possibly do this very difficult work. That's bullshit.
It's a self-perpetuating club that keeps voting itself the majority of the pie and keeps telling the myth that, by golly, that's the way it has to be or they just can't keep good talent.
If the majority of companies stop showering these assholes with bonuses they'll fucking stay put and be happy to have a job like the rest of us when times are hard.
- koheripbal 6y agoI don't think you understand how corporations work, fundamentally. The executives aren't the bosses - the shareholders are the bosses. They aren't idiots paying the CO's exorbitant amounts for fun. They do it because they have no other alternative.
- dingaling 6y agoThe will of the shareholders is expressed through voting rights, which may or may not exceed those of the board members. The shareholders aren't the bosses, they're the audience.