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The problem I have with CEOs is when they're doing a good job they make $$$ but when they're doing a bad job they still make $$. When a company goes down, they
by xmprt 6y ago
The problem I have with CEOs is when they're doing a good job they make $$$ but when they're doing a bad job they still make $$. When a company goes down, they have golden parachutes to ensure that they're safe. Meanwhile, workers get shafted.
- Isthatablackgsd 6y agoThat and I have a problem with CEOs that demands to increase their pay by double, triple, quadruple amounts without increasing their employees pays. Not only CEOs, K-12 Boards did the same thing, increasing the superintendent pay without increasing the pay for teachers and school employees. Non-profits did the same, look at Mozilla. This is one reason why the ratio (employer:employee) is so obtusely off. American employees don't have such protection against this.
- robertlagrant 6y agoCEOs are workers. If you're talking about people who don't work for the business, you might be thinking of shareholders?
- gtyras2mrs 6y agoI don't think he's complaining the the CEOs get paid a salary. I think he's saying that even when a CEO massively screws up - they get a multi-million dollar golden parachute.
- robertlagrant 6y agoEverything they do is massive. People are paid relative to the size of their potential success or screwup, and pay is not withdrawn based on which they did. I get the point that golden parachutes are annoying, but yeah. It's all part of the compensation package, and the reason for it is in the above paragraph.