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That's not the fault of consumers. That's the fault of greedy overpaid executives. Executives deserve to have pay slashed and massive executive position layoff
by iAMkenough 3y ago
That's not the fault of consumers. That's the fault of greedy overpaid executives.
Executives deserve to have pay slashed and massive executive position layoffs before consumers, artists, or production staff feel any inconvenience. That will never happen, so it's on us consumers to overpay to keep artists fed.
- aloe_falsa 3y agoThe Netflix CEO Ted Sarandos had a $40M salary in 2022, which is definitely too much money. However, it's a drop in the bucket compared to the company's $31 billion revenue. So I'm pretty sure the streaming services are charging whatever they can get away with, aka the market equilibrium price, regardless of their executives' salaries.
- iAMkenough 3y agoCEO pay is just a small part of the picture indeed. How much cash have execs wasted on pet projects like Netflix Games? As a customer, I might be okay with paying more if there was a transparent effort to cut expenses and a renewed focus on their core business.