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This is the only social media site where it seems like the majority of people actually think CEOs deserve their inflated salaries. Probably because a lot of peo

This is the only social media site where it seems like the majority of people actually think CEOs deserve their inflated salaries. Probably because a lot of people here are CEOs (or hope to become one). Sure, the boss of bosses should make more that the average worker, but 300x-500x more? Rationalize about "bringing value" as much as you want, but if this class division continues it will not end well for the rich.

endisneigh 4y ago
How much should CEOs be paid?
- blatant303 4y ago
  They should get what they fucking deserve jk of course
somedude895 4y ago
> Probably because a lot of people here are CEOs (or hope to become one) I earn a bit above median and have no aspirations even for a lower management position. I see this stuff and to me it seems like either jealousy or white-knighting. A lot of people protesting these CEO pays seem to want to see the rich make less much more so than they actually want the lower class to make more. And the "it will not end well for the rich" polemic just confirms that assumption to me.
- mbfg 4y ago
  "seem to want to see the rich make less much more so than they actually want the lower class to make more" and you are saying that would be a bad thing? Seems hard to say that would't make for a better society.
  - somedude895 4y ago
    Wanting other people to not have things is the definition of jealousy. A spiteful society? No thanks.
    - uvnq 4y ago
      There are many people out there with the fixed pie fallacy who think thay if someone earns more money, it leads to others earning less money. This is how people think that kneecapping "the rich" will make the world a better place, and it can lead people to prioritize ensuring others do not become rich over ensuring that people grow the economy and make everyone better off. There are many people out there who lump producers, builders, and growers in with thieves and robbers because of this fallacy. If I grab dirt from the ground and a tomato seed from a discarded tomato and sell $5 worth of tomatoes I grow, they will think that I "stole" the $5. This does not make them bad people imo, I know many good people who have integrity and who I love who had this fallacy until I pointed it out to them.
wang_li 4y ago
These types of stories lead to comments such as yours which draw a false vision of how things are. According to BLS data there are approximately 200,000 people in the US who hold the position of CEO. Their average compensation is ~4x the average worker.
jjtheblunt 4y ago
> This is the only social media site where it seems like the majority of people actually think CEOs deserve their inflated salaries. I never got that impression, but articles i read could differ from those you read here, of course, giving different impressions.
damagednoob 4y ago
'Top CEO', not 'Average CEO'. How much does LeBron James make in salary/endorsements/etc vs the average NBA player or Ronaldo vs the average professional soccer player?
yieldcrv 4y ago
In Germany, the concept called co-determination puts the labor union representative on the board. I just wish discussion here in the states had inspiration from concepts that work, instead of these false dilemmas we have to pretend to choose between. Well, the saddest part is that you all aren’t pretending, you don’t know other options aren’t being presented.
boeingUH60 4y ago
The average CEO doesn’t even earn close to $1 million annually. According to the Bureau of Labor Statistics, the median CEO pay is $189,520 [1], less than most FAANG software engineers. What you’re looking at here are CEOs of the top 500 companies..of course they’ll earn much more than the average. I don’t see anyone complaining that Beyoncé gets millions of dollars per performance while the average musician earns pittance. It’s the same here. It’s news orgs chasing clickbait to make money from the naive and perpetually outraged. 1- https://www.bls.gov/oes/current/oes111011.htm https://www.bls.gov/oes/current/oes111011.htm
- WastingMyTime89 4y ago
  > I don’t see anyone complaining that Beyoncé gets millions of dollars per performance while the average musician earns pittance. It would be a legitimate position to take. The system sustaining Beyoncé revenue is approximately the same one which is used to justify star CEO revenues. The interesting question isn’t is it expected that top CEO will earn more than average CEO anyway. It’s why has the gap between the salary of top CEO and their average worker grew so much in the past 50 years. It’s a legitimate question to ask.
  - uvnq 4y ago
    > It would be a legitimate position to take. The system sustaining Beyoncé revenue is approximately the same one which is used to justify star CEO revenues. Ah yes. The "system" of buyers (music consumers, corporate boards) choosing to buy or not to buy things at the prices the sellers are willing to sell them at. What is your remedy for this?
    - WastingMyTime89 4y ago
      There is no need for quote here. The entertainment industry works on heavy marketing and over promotion of a few champions at the expense of every other artists. That’s indeed a system. The market is both about what is bought and what is sold. I personally feel perfectly fine with strongly curbing the free market with legislations. It’s not the be all end all nor is it working particularly well. Mass media geared towards easy entertainment successfully erased decades of effort into educating the workers and creating structures to give them a voice. I personally view the entertainment industry as fully complicit in a general dumbing down of the population. Should we applaud the opium peddlers in the name of the free market?

endisneigh 4y ago

How much should CEOs be paid?

blatant303 4y ago
They should get what they fucking deserve jk of course

somedude895 4y ago

> Probably because a lot of people here are CEOs (or hope to become one) I earn a bit above median and have no aspirations even for a lower management position. I see this stuff and to me it seems like either jealousy or white-knighting. A lot of people protesting these CEO pays seem to want to see the rich make less much more so than they actually want the lower class to make more. And the "it will not end well for the rich" polemic just confirms that assumption to me.

mbfg 4y ago
"seem to want to see the rich make less much more so than they actually want the lower class to make more" and you are saying that would be a bad thing? Seems hard to say that would't make for a better society.
- somedude895 4y ago
  Wanting other people to not have things is the definition of jealousy. A spiteful society? No thanks.
  - uvnq 4y ago
    There are many people out there with the fixed pie fallacy who think thay if someone earns more money, it leads to others earning less money. This is how people think that kneecapping "the rich" will make the world a better place, and it can lead people to prioritize ensuring others do not become rich over ensuring that people grow the economy and make everyone better off. There are many people out there who lump producers, builders, and growers in with thieves and robbers because of this fallacy. If I grab dirt from the ground and a tomato seed from a discarded tomato and sell $5 worth of tomatoes I grow, they will think that I "stole" the $5. This does not make them bad people imo, I know many good people who have integrity and who I love who had this fallacy until I pointed it out to them.

wang_li 4y ago

These types of stories lead to comments such as yours which draw a false vision of how things are. According to BLS data there are approximately 200,000 people in the US who hold the position of CEO. Their average compensation is ~4x the average worker.

jjtheblunt 4y ago

> This is the only social media site where it seems like the majority of people actually think CEOs deserve their inflated salaries. I never got that impression, but articles i read could differ from those you read here, of course, giving different impressions.

damagednoob 4y ago

'Top CEO', not 'Average CEO'. How much does LeBron James make in salary/endorsements/etc vs the average NBA player or Ronaldo vs the average professional soccer player?

yieldcrv 4y ago

In Germany, the concept called co-determination puts the labor union representative on the board. I just wish discussion here in the states had inspiration from concepts that work, instead of these false dilemmas we have to pretend to choose between. Well, the saddest part is that you all aren’t pretending, you don’t know other options aren’t being presented.

boeingUH60 4y ago

The average CEO doesn’t even earn close to $1 million annually. According to the Bureau of Labor Statistics, the median CEO pay is $189,520 [1], less than most FAANG software engineers. What you’re looking at here are CEOs of the top 500 companies..of course they’ll earn much more than the average. I don’t see anyone complaining that Beyoncé gets millions of dollars per performance while the average musician earns pittance. It’s the same here. It’s news orgs chasing clickbait to make money from the naive and perpetually outraged. 1- https://www.bls.gov/oes/current/oes111011.htm https://www.bls.gov/oes/current/oes111011.htm

WastingMyTime89 4y ago
> I don’t see anyone complaining that Beyoncé gets millions of dollars per performance while the average musician earns pittance. It would be a legitimate position to take. The system sustaining Beyoncé revenue is approximately the same one which is used to justify star CEO revenues. The interesting question isn’t is it expected that top CEO will earn more than average CEO anyway. It’s why has the gap between the salary of top CEO and their average worker grew so much in the past 50 years. It’s a legitimate question to ask.
- uvnq 4y ago
  > It would be a legitimate position to take. The system sustaining Beyoncé revenue is approximately the same one which is used to justify star CEO revenues. Ah yes. The "system" of buyers (music consumers, corporate boards) choosing to buy or not to buy things at the prices the sellers are willing to sell them at. What is your remedy for this?
  - WastingMyTime89 4y ago
    There is no need for quote here. The entertainment industry works on heavy marketing and over promotion of a few champions at the expense of every other artists. That’s indeed a system. The market is both about what is bought and what is sold. I personally feel perfectly fine with strongly curbing the free market with legislations. It’s not the be all end all nor is it working particularly well. Mass media geared towards easy entertainment successfully erased decades of effort into educating the workers and creating structures to give them a voice. I personally view the entertainment industry as fully complicit in a general dumbing down of the population. Should we applaud the opium peddlers in the name of the free market?