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Tech driven automation is creating opportunities that didn't exist before and there is way more competition. CEOs have a crucial impact on company and are paid
by jokethrowaway 4y ago
Tech driven automation is creating opportunities that didn't exist before and there is way more competition.
CEOs have a crucial impact on company and are paid in stocks.
Does this article and related figure accounts for all the failed startups CEOs whose stock turned out to be worthless?
- bastawhiz 4y agoYour first two points have no evidence to support the notion that CEOs need to be paid as much as they are. Your third point is useless because all of the employees also got shafted.
- lm28469 4y agoI want to say: so what ? Getting paid 50 times your employees isn't enough ? You need to get paid 400 times their salary ? Why stop there ? 800 times ? The invisible hand doesn't exist and without regulations these things will get worse and worse
- _fat_santa 4y agoIt's the STOCK PRICE. Say you get 100 shares of a company at a value of $100/share every year you are CEO, that's a pay of $10k/yr. Now say the value goes up to $1000 because you helped get your company there. And now all the people come out of the woodwork to tell you how greedy you are.
- lm28469 4y agoBut again that's just what we collectively agreed on, not a God given law that we have to keep forever, we could come up with other mechanisms If you can't see the difference between early capitalism and the monster it became that's another problem