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You mean the globalization and technology implemented by CEOs to raise their salary, sorry I mean their stock based compensation? But you are right. Changing C

You mean the globalization and technology implemented by CEOs to raise their salary, sorry I mean their stock based compensation? But you are right. Changing CEO compensation to be based on short term stock gains SHURELY will result in them perusing long term health policies for companies like re-investing profits into the company and not pursue short term stock manipulation policies like ordering the use company funds to repurchase stock (in effect ordering company funds be used to increase the CEOs comp value). Totally a healthy, sustainable way to run our economy.

jameslk 1y ago
I think your point is roughly "[publicly traded company] CEOs are manipulating the value of their stock for their own personal gain instead of creating real value inside the companies they run" -- if so, perhaps, but you should let the shareholders know so they can park their capital elsewhere
- _DeadFred_ 1y ago
  My point is your circular logic here: "It matters where you direct your attention. Performance-based comp is a red herring. If you want to direct your rage at wealth inequality in the working class, perhaps start with the things that have eroded the supply-demand balance of labor, such as globalization and technology." Who is using AI as an excuse to fire people? The same CEOs people are complaining about. And why are the CEOs doing it even though it's not proven tech? For short term stock gains, in order in enrich themselves via their stock compensation.
  - deleted 1y ago
    [deleted]
  - jameslk 1y ago
    There is no circular logic there, but it does seem you are leaning on this fallacy: > For short term stock gains, in order in enrich themselves via their stock compensation. https://www.equilar.com/reports/34-executive-stock-ownership-guidelines.html https://www.equilar.com/reports/34-executive-stock-ownership...
    - _DeadFred_ 1y ago
      So you are saying CEOs can only own stock via one mechanism?

jameslk 1y ago

I think your point is roughly "[publicly traded company] CEOs are manipulating the value of their stock for their own personal gain instead of creating real value inside the companies they run" -- if so, perhaps, but you should let the shareholders know so they can park their capital elsewhere

_DeadFred_ 1y ago
My point is your circular logic here: "It matters where you direct your attention. Performance-based comp is a red herring. If you want to direct your rage at wealth inequality in the working class, perhaps start with the things that have eroded the supply-demand balance of labor, such as globalization and technology." Who is using AI as an excuse to fire people? The same CEOs people are complaining about. And why are the CEOs doing it even though it's not proven tech? For short term stock gains, in order in enrich themselves via their stock compensation.
- deleted 1y ago
  [deleted]
- jameslk 1y ago
  There is no circular logic there, but it does seem you are leaning on this fallacy: > For short term stock gains, in order in enrich themselves via their stock compensation. https://www.equilar.com/reports/34-executive-stock-ownership-guidelines.html https://www.equilar.com/reports/34-executive-stock-ownership...
  - _DeadFred_ 1y ago
    So you are saying CEOs can only own stock via one mechanism?