4 ms·

This is a way rich people delude themselves into thinking they’re not rich. Basically every CEO falls into labor under your definition, there is always some way

• Supermancho 4y ago
  "Basically every" is softly describing the reality. The vast majority of CEOs are not rich. This is obvious by going to small business conventions, where everyone is CEO of their own company.
• AndrewKemendo 4y ago
  >Basically every CEO falls into labor under your definition Correct. The CEO is the core and primary tool for which capital applies pressure to labor The Board appoints the CEO and determines their wage/compensation in 99% of cases. The larger the wage the more the CEO is "pwned" by investors. Go ask a Board of Directors who runs a company and see what they say. There are two exceptions to this: Founder/CEOs that successfully make the gap/transition to capital by having a large share of control of their own company (extremely rare). You can see the peacocking display of "$1 wage" to signal that they are not in the same game as labor anymore (it's taxed like paupers), their worth is determined by the stockholders whom they serve above all and it's kind of the ultimate "see ya suckers." This is the wet dream of pretty much everyone who is in business or wants to be in business. Or it's a mom and pop place not trying to be hyperscale/exascale and the "CEO" really just means, "guy who controls everything cause he started it"