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This is such a rage bait headline. If you actually read the article, you'll find: Total pay for the broader American workforce increased 3.6 per cent in the 1

This is such a rage bait headline. If you actually read the article, you'll find: Total pay for the broader American workforce increased 3.6 per cent in the 12 months that ended December 2024, according to the Bureau of Labor Statistics. And the highest paid S&P 500 CEO? A guy who runs a Taser company who's SAAS software segment has taken off: The highest paid S&P 500 CEO last year was Rick Smith of Taser maker Axon Enterprise, who raked in $164.5mn And why was he paid so much? mostly from stock awards after meeting targets over several years, according to data provided by MyLogIQ. So he was smart with this stock options and oh yeah, just happened to hit the company's revenue targets several years in a row. I'm supposed to be angry because the CEO actually did his job, hit his goals and returned a great profit to the shareholders? Axon's stock a year ago was at $354/share. This year at the same time? Its now $760/share. Over a five year period, the stock went from $83/share to where it is now at $760.

bongodongobob 1y ago
Depends on the compensation of the other employees that actually do the work. 4000 employees making 61k to 250k/yr. I don't know if they get stock or not, but people are pretty tired of this massive imbalance. Give him 10 million and give everyone else an extra 35k. He is still filthy rich and 4000 people get a potentially life changing raise.
fehudakjf 1y ago
> If you actually read the article, you'll find: If you actually form a cogent opinion of your own rather than shilling for monied interests you'll find: All equity given to any ceo could, and should, instead be divided amongst the entire org's staff.
bumby 1y ago
>Axon's stock a year ago was at $354/share. This year at the same time? Its now $760/share. This is a somewhat incomplete picture. PE ratio was also inflated by 50% in the last year. So the increase in stock price isn’t tracking real earnings. The larger point is that there may be a misalignment between what is good for a company/CEO and what is good for broader society. To that point, your example is a company that has effectively dodged duty/responsibility when their product kills somebody and pushed that responsibility onto peace officers.

bongodongobob 1y ago

Depends on the compensation of the other employees that actually do the work. 4000 employees making 61k to 250k/yr. I don't know if they get stock or not, but people are pretty tired of this massive imbalance. Give him 10 million and give everyone else an extra 35k. He is still filthy rich and 4000 people get a potentially life changing raise.

fehudakjf 1y ago

> If you actually read the article, you'll find: If you actually form a cogent opinion of your own rather than shilling for monied interests you'll find: All equity given to any ceo could, and should, instead be divided amongst the entire org's staff.

bumby 1y ago

>Axon's stock a year ago was at $354/share. This year at the same time? Its now $760/share. This is a somewhat incomplete picture. PE ratio was also inflated by 50% in the last year. So the increase in stock price isn’t tracking real earnings. The larger point is that there may be a misalignment between what is good for a company/CEO and what is good for broader society. To that point, your example is a company that has effectively dodged duty/responsibility when their product kills somebody and pushed that responsibility onto peace officers.