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> With that handled, all that's left is the cartel that CEOs have invented to justify their exhorbant pay packages. CEO compensation is determined by board com
by overfeed 10mo ago
> With that handled, all that's left is the cartel that CEOs have invented to justify their exhorbant pay packages.
CEO compensation is determined by board committees mostly made up of other CxOs. They write letters to each other's shareholders about how valuable CEOs are to build up the edifice.
I wish my compensation were determined by fellow engineers who "truly know my worth". I'd pay it forward if I were on a committee determining colleague's pay packets.
- pan69 10mo agoWorks kinda like "industry awards" where a bunch of companies give awards to each other.
- HaZeust 10mo agoWell, be the change you want to see. CEOs know that part of the justification of their existence relies on solidarity between each other - and that they can collectively bargain with institutions to remind of that justification.