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I dont care how much people are paid but C levels pay should be affected when cost reductions are being implemented.
by mathverse 2y ago
I dont care how much people are paid but C levels pay should be affected when cost reductions are being implemented.
- NickC25 2y agoBut that's already a thing, and probably one of the reasons the article has so much data - C-levels ARE affected: cost reductions screw over the worker, and the C-level makes more money.
- lazide 2y agoC levels work for the board, which works for the shareholders. The rest of the company works for the C levels. Companies go on cost reductions to increase shareholder returns. Of course C level pay will be impacted - positively, because they know the C level is going to be shit on by employees, and they’ll need them to stay around to properly insulate them from it and implement what they want.
- judge2020 2y agoMost C-levels have performance-based stock packages as their main compensation. Which is why I'm saddened by this article not having any actual data (like others have said). It would be useful to have a study that analyzes the overall landscape of performance-based versus non-performance-based compensation, the share of CEO comp that is or isn't performance-based, how often C-level is awarded for good performance when the employees aren't, etc. Instead it reads like an opinion piece with a study linked that doesn't back up their claims and just tells us the cumulative amount of stock buybacks.