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>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 Boar
by 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"