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A SWE might make like 5 times what a teacher makes but a CEO can make like 1000 times what a SWE makes (eg $50k for the teacher, $250k for the SWE, and $250M fo

by s17n 6y ago

A SWE might make like 5 times what a teacher makes but a CEO can make like 1000 times what a SWE makes (eg $50k for the teacher, $250k for the SWE, and $250M for the CEO).

jachee 6y ago
I believe you're vastly overestimating the CEO earnings. I doubt you'll find many 8-digit CEO earnings, let alone 9-digit.
colinmhayes 6y ago
Almost no CEO makes anywhere close to 250 million.
Izikiel43 6y ago
What kind of CEO makes 250 million? Microsoft's CEO made ~44 million last year, and Microsoft is a trillion dollar company (https://www.bizjournals.com/seattle/news/2020/10/20/microsoft-ceo-satya-nadella-2020-compensation.html#:~:text=The%20filing%2C%20released%20Monday%2C%20revealed,for%20the%20year%20was%20%24172%2C142 https://www.bizjournals.com/seattle/news/2020/10/20/microsof....)
- arcticbull 6y ago
  Well, there's papa elon who made $2.3B in 2018. Though, I agree, that's a massive outlier :) Zaslav at Discovery was next in line with $129M total comp in 2018 [1]. Sounds like Satya needs to ask for a raise ;) [1] https://www.hollywoodreporter.com/news/discovery-ceo-david-zaslavs-2018-pay-jumps-1294-million-1195333 https://www.hollywoodreporter.com/news/discovery-ceo-david-z...
  - jtwaleson 6y ago
    That's because he's a founder and major shareholder, not because he is CEO.
  - kortilla 6y ago
    You’re confusing compensation with stock appreciation.
    - psychoslave 6y ago
      One might guess that all the random labels you put before the numbers makes few difference. At the end of the day, it’s a large gap in incomes.
      - kortilla 6y ago
        The point is that at this point Tesla itself could pay Elon Musk absolutely nothing. His stock appreciation as a shareholder is where the majority of his income is coming from. It has nothing to do with CEO compensation at that point. It has nothing to do with “labels”. There is a fundamental different between what a company pays its CEO and what the value of its shares provide through appreciation.
        psychoslave 6y ago
        From a business account analytics point of view, the difference matters. From a social analysis point of view of incomes inequalities, they are just random labels.
        kortilla 6y ago
        > From a social analysis point of view of incomes inequalities, they are just random labels. FFS, one is not even income. So they aren’t the same if you care about even talking about income inequality. An equity stake appreciating in a company is not actually income until you sell it and realize the gain. For example, if Amazon’s stock price doubles, none of the shareholders have made any income until they sell it on the market. This distinction matters because stock owner equity appreciation has literally nothing to do with the amount the board has agreed to pay the CEO. They give a salary and a fixed number of shares with maybe another fixed number of shares if performance numbers are hit. All of the obscenely rich CEOs are also major owners and their net worth is a bunch of unsold equity in the company. Being mad about companies becoming valuable and making shareholders wealthy is a completely different argument from income inequality. Shareholder appreciation directly benefits 401k holders, etc. and you’ll find a lot less support for putting a cap on how much a company can be worth.
- s17n 6y ago
  Sundar Pichai

by s17n 6y ago

A SWE might make like 5 times what a teacher makes but a CEO can make like 1000 times what a SWE makes (eg $50k for the teacher, $250k for the SWE, and $250M for the CEO).

jachee 6y ago

I believe you're vastly overestimating the CEO earnings. I doubt you'll find many 8-digit CEO earnings, let alone 9-digit.

colinmhayes 6y ago

Almost no CEO makes anywhere close to 250 million.

Izikiel43 6y ago

What kind of CEO makes 250 million? Microsoft's CEO made ~44 million last year, and Microsoft is a trillion dollar company (https://www.bizjournals.com/seattle/news/2020/10/20/microsoft-ceo-satya-nadella-2020-compensation.html#:~:text=The%20filing%2C%20released%20Monday%2C%20revealed,for%20the%20year%20was%20%24172%2C142 https://www.bizjournals.com/seattle/news/2020/10/20/microsof....)

arcticbull 6y ago
Well, there's papa elon who made $2.3B in 2018. Though, I agree, that's a massive outlier :) Zaslav at Discovery was next in line with $129M total comp in 2018 [1]. Sounds like Satya needs to ask for a raise ;) [1] https://www.hollywoodreporter.com/news/discovery-ceo-david-zaslavs-2018-pay-jumps-1294-million-1195333 https://www.hollywoodreporter.com/news/discovery-ceo-david-z...
- jtwaleson 6y ago
  That's because he's a founder and major shareholder, not because he is CEO.
- kortilla 6y ago
  You’re confusing compensation with stock appreciation.
  - psychoslave 6y ago
    One might guess that all the random labels you put before the numbers makes few difference. At the end of the day, it’s a large gap in incomes.
    - kortilla 6y ago
      The point is that at this point Tesla itself could pay Elon Musk absolutely nothing. His stock appreciation as a shareholder is where the majority of his income is coming from. It has nothing to do with CEO compensation at that point. It has nothing to do with “labels”. There is a fundamental different between what a company pays its CEO and what the value of its shares provide through appreciation.
      - psychoslave 6y ago
        From a business account analytics point of view, the difference matters. From a social analysis point of view of incomes inequalities, they are just random labels.
        kortilla 6y ago
        > From a social analysis point of view of incomes inequalities, they are just random labels. FFS, one is not even income. So they aren’t the same if you care about even talking about income inequality. An equity stake appreciating in a company is not actually income until you sell it and realize the gain. For example, if Amazon’s stock price doubles, none of the shareholders have made any income until they sell it on the market. This distinction matters because stock owner equity appreciation has literally nothing to do with the amount the board has agreed to pay the CEO. They give a salary and a fixed number of shares with maybe another fixed number of shares if performance numbers are hit. All of the obscenely rich CEOs are also major owners and their net worth is a bunch of unsold equity in the company. Being mad about companies becoming valuable and making shareholders wealthy is a completely different argument from income inequality. Shareholder appreciation directly benefits 401k holders, etc. and you’ll find a lot less support for putting a cap on how much a company can be worth.
s17n 6y ago
Sundar Pichai