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Some blame lies at the feet of CEO's. Some at the feet of the government. When large corporations fail, they socialize their failures by getting bailouts from
by mattbrewsbytes 5y ago
Some blame lies at the feet of CEO's. Some at the feet of the government.
When large corporations fail, they socialize their failures by getting bailouts from the government. There are never bailouts for individuals. Whenever a corporation has extra capital, they do things like buy back stock, rarely ever give it to employees, it simply isn't profitable for them to do so. These are choices a CEO makes in running their company.
The government allows for a bit much capitalism when it comes to health care, in my opinion. The added costs for health care are commonly thrust onto all employees, those at the bottom of the pay scale are impacted the most because they make the least. An out of pocket health care expense for a CEO is a rounding error but can be financially devastating to the lowest paid person that has coverage.
I get that they are different jobs. For example if there were a software error in a JD tractor that caused many deaths (i.e. some safety feature fails) its more likely a CEO/CxO would have to step down for mis-managing something than a bunch of factory workers.
In general, the pay differences are really out of whack though.