4 ms·

It frequently doesn't matter how much the CEO makes. It's not why the other employees aren't making more money. It's just a distraction. It boils down to "it's

by bagels 3y ago

It frequently doesn't matter how much the CEO makes. It's not why the other employees aren't making more money. It's just a distraction. It boils down to "it's not fair". If what is important is the ratio between CEO pay and employee pay, then the board can cut CEO pay, and call it a day. That doesn't improve employee pay. If the employees really only care about that ratio, then they should accept that outcome from their strike. That's not why they are on strike, they also want to be paid more, just like the CEO.

nebulousthree 3y ago
This is some of the most disingenuous crap I've read in a while. Flip it on its head: "If c-suite really only cares about $ spent on labor, they would accept the productivity outcome of their salary proposals to employees. But they don't. They want to get more productivity, just like the workers of [insert competing corp], while not changing or even reducing comp." The reason your comment is disingenuous is that it assumes that the best place for this money to go is into c-suite/board pockets, and for some reason assumes that workers wouldn't take the couple extra grand the CEO pay split would give them. I challenge any CEO to put it up to a (non-binding, don't shit yourself) company-wide vote. But let's disregard the salary split. It is an incredibly simple-minded way of approaching what to do with millions/year. Are all of you, who justify these ridiculous ratios, truly unable to think of ways to spend dozens of millions of dollars to improve all employees' qualities of life? Those who spend all this money on consultants to figure out how to squeeze an extra penny of profits can't figure out how to further optimize the health of the workforce instead? Cue the comments about "no choice, fiduciary duty". Makes me sick.
- bagels 3y ago
  Where did I state that the 21B in profit needs to go to shareholders? I'm all for giving the employees more of the profits, but not because it's unfair that the CEO gets paid well.
pests 3y ago
I agree I was just stating that comparison above I don't like.
r00fus 3y ago
The reason we're even talking about this means the UAW's demand (management raised their take 40%, line workers deserve that as well) is an effective one.

by bagels 3y ago

nebulousthree 3y ago

This is some of the most disingenuous crap I've read in a while. Flip it on its head: "If c-suite really only cares about $ spent on labor, they would accept the productivity outcome of their salary proposals to employees. But they don't. They want to get more productivity, just like the workers of [insert competing corp], while not changing or even reducing comp." The reason your comment is disingenuous is that it assumes that the best place for this money to go is into c-suite/board pockets, and for some reason assumes that workers wouldn't take the couple extra grand the CEO pay split would give them. I challenge any CEO to put it up to a (non-binding, don't shit yourself) company-wide vote. But let's disregard the salary split. It is an incredibly simple-minded way of approaching what to do with millions/year. Are all of you, who justify these ridiculous ratios, truly unable to think of ways to spend dozens of millions of dollars to improve all employees' qualities of life? Those who spend all this money on consultants to figure out how to squeeze an extra penny of profits can't figure out how to further optimize the health of the workforce instead? Cue the comments about "no choice, fiduciary duty". Makes me sick.

bagels 3y ago
Where did I state that the 21B in profit needs to go to shareholders? I'm all for giving the employees more of the profits, but not because it's unfair that the CEO gets paid well.

pests 3y ago

I agree I was just stating that comparison above I don't like.

r00fus 3y ago

The reason we're even talking about this means the UAW's demand (management raised their take 40%, line workers deserve that as well) is an effective one.