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> Not that CEOs aren't being paid too much, but it won't make much difference to lower their pay. I disagree. There are multiple benefits of reallocating CEO p
by anticorporate 2y ago
> Not that CEOs aren't being paid too much, but it won't make much difference to lower their pay.
I disagree. There are multiple benefits of reallocating CEO pay beyond increasing worker pay. The obvious one is morale. I work for a billionaire. I have no incentive to go above the minimum, because I know he is the only one meaningfully collecting from my labor. If my pay included a larger bonus and stock grant portion, at least there would be some connection between my work and my reward. Instead, I've had the opposite trend in my career, with the percentage of my income delivered as base salary increasing but contingent income decreasing, especially as a relative proportion when compared to my C-suite.
Two, I'd argue, it's a negative for society as a whole to create a class of ultra-rich. I'd rather see my CEO's excess compensation set on fire and delivered to no one rather than enrich him further. Class inequality will continue to be a problem even if average worker pay increases. We need to increase worker pay, but we also need to end class inequality, even if the latter does not deliver on the former.
- gruez 2y ago>I'd rather see my CEO's excess compensation set on fire and delivered to no one rather than enrich him further. Isn't this just crab-bucket attitude? It's one thing to argue "profits should be redistributed more fairly". It's a whole different thing to argue "excess compensation set on fire".
- anticorporate 2y agoOnly if you don't believe that extreme wealth causes harm.
- silverquiet 2y agoIf the crabs work together, they may be able to get out of the bucket, but they're never climbing to the moon. I believe a few billionaires are in fact planning a visit to the moon shortly though.