4 ms·

I don't get the obsession with CEO salaries. Envy is not a productive way of thinking about economics. In a huge company, distribute the CEO compensation to emp

I don't get the obsession with CEO salaries. Envy is not a productive way of thinking about economics. In a huge company, distribute the CEO compensation to employees and it will be peanuts (in microsoft's case, it is something like $200 per employee - not per month or anything, that is the total). I don't get it. If all the CEOs in the world were forced to make $0, it will not meaningfully change the amount of money in workers' pockets. It is the wrong tree to bark at.

viraptor 3y ago
It sets the tone and it's unlikely that just the CEO gets bonuses like that. If the exec salaries/bonuses were tied to all the other salary adjustments, the incentives to care about workers would be better too.
krainboltgreene 3y ago
> Envy is not a productive way of thinking about economics. This is an incredibly uncharitable way to frame the parent comment. > If all the CEOs in the world were forced to make $0, it will not meaningfully change the amount of money in workers' pockets. That's just not true.
- jldugger 3y ago
  >> If all the CEOs in the world were forced to make $0, it will not meaningfully change the amount of money in workers' pockets. > That's just not true. But its not far from wrong -- cutting a ten million dollar a year expense and putting it to worker pay will not make workers rich in the colloquial sense.
  - krainboltgreene 3y ago
    Sure if you add words to the original statement you're right, it's "not far from wrong". I wonder if people read what they type before they hit "reply"?
waiseristy 3y ago
Is the CEO some sacred object that should be treated differently than any other part of the org? Just because there are a handful of C-level execs, they deserve 20,000% bonuses while the rest of the org skimps? It’s about equality, attributing it to ‘envy’ reeks of entitlement.

4 ms·

I don't get the obsession with CEO salaries. Envy is not a productive way of thinking about economics. In a huge company, distribute the CEO compensation to emp

by dkarras 3y ago

viraptor 3y ago
It sets the tone and it's unlikely that just the CEO gets bonuses like that. If the exec salaries/bonuses were tied to all the other salary adjustments, the incentives to care about workers would be better too.
krainboltgreene 3y ago
> Envy is not a productive way of thinking about economics. This is an incredibly uncharitable way to frame the parent comment. > If all the CEOs in the world were forced to make $0, it will not meaningfully change the amount of money in workers' pockets. That's just not true.
- jldugger 3y ago
  >> If all the CEOs in the world were forced to make $0, it will not meaningfully change the amount of money in workers' pockets. > That's just not true. But its not far from wrong -- cutting a ten million dollar a year expense and putting it to worker pay will not make workers rich in the colloquial sense.
  - krainboltgreene 3y ago
    Sure if you add words to the original statement you're right, it's "not far from wrong". I wonder if people read what they type before they hit "reply"?
waiseristy 3y ago
Is the CEO some sacred object that should be treated differently than any other part of the org? Just because there are a handful of C-level execs, they deserve 20,000% bonuses while the rest of the org skimps? It’s about equality, attributing it to ‘envy’ reeks of entitlement.