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What does this even mean? do you believe C levels and board members personally mope out of the office with dog-eared pockets each time the business loses a cus
by nimbius 4y ago
What does this even mean? do you believe C levels and board members personally mope out of the office with dog-eared pockets each time the business loses a customer? do you assume the losses arent already gifted to the workers in the first place in the form of salary cuts and mandatory overtime?
the issue is wealth inequality. that a CEO can earn tens, if not hundreds of times more than a line worker without so much effort as to even show up to the office, that is the issue. that a cloistered elite of leadership exists seemingly immune to even the worst outcomes of business, only to arrive in yet further opulence after they retire in golden parachutes flush with shares of the company the excess capital of the workers themselves built in the first place.
if you want people to show up after the pandemic to swing hammers and build products, you need to give them more than the cost of the gas to get to work and a half hour lunch.
- prirun 4y agoFrom https://www.cnbc.com/2021/09/15/in-2020-top-ceos-earned-351-times-more-than-the-typical-worker.html https://www.cnbc.com/2021/09/15/in-2020-top-ceos-earned-351-... "It used to be that in the 1950s, 60s, and 70s, CEOs made 3.3 times what a top 0.1% earner made. Now, it's more than six times," says Mishel. "CEOs now are making 351 times that of a typical worker, but back in 1978, it was only 31 times. In 1989, it was 61 times." And it's not just CEOs. IMO there should be federal guidelines that total compensation in public companies should be more fairly distributed, ie, executive staff can only make X times more than average worker pay. But you know what companies would do, right? They'd fire all the employees, setup mini companies to employ the workers, and bypass the regulations.