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Walmart is a bad comparison there; they have an enormous headcount of low-paid staff. Many tech companies are far lower headcount, but with high executive pay.
by showerst 4y ago
Walmart is a bad comparison there; they have an enormous headcount of low-paid staff. Many tech companies are far lower headcount, but with high executive pay.
Looking at some other companies, Activision-Blizzard's CEO alone makes enough to pay every employee a $15,000 bonus. Reed Hastings at Netflix makes enough to pay every employee $3800. And that's not counting any of the rest of the executive staff, or all the other ways money flows out of a company to non-employees, like dividends and stock buybacks.
https://www.equilar.com/reports/83-equilar-associated-press-ceo-pay-study-2021 https://www.equilar.com/reports/83-equilar-associated-press-...
I think there's certainly a lot of room for wages to go up, though i'm skeptical that it will come at the expense of things like executive pay or share buybacks.
- TulliusCicero 4y agoThe comment referred to specifically said "board salaries", not executive pay more broadly.
- throwaway09223 4y agoActivision-Blizzard's board get 350k. If they earned $0 instead, this would only give each employee an extra $35 per year. That's including their stock compensation. As you say, most goes to investors. Which makes sense as they actually own the company.
- jeromegv 4y agoOP was talking about executives (CEO, VPs), not board.
- throwaway09223 4y agoI am OP's OP and I was talking about the board.
- TulliusCicero 4y ago> board salary go down a bit