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>If IPO makes CEO much, much richer but generally also makes company and workers better off (but to smaller degree), does IPO make workers more undercompensated
by thfuran 5mo ago
>If IPO makes CEO much, much richer but generally also makes company and workers better off (but to smaller degree), does IPO make workers more undercompensated?
Yes, obviously. The bulk of work of the company is done by the workers. That is to say, most of the value is generated by the labor of the workers. If a commensurate share of the profit is not returned to the employees, they’ve clearly been undercompensated.
- azan_ 5mo agoHow is it obvious? In that scenario, companies should avoid IPO even though it makes situation of workers better?
- runtime_terror 5mo agoWhere are you getting this idea to at IPOing makes workers situations better?! Citation needed! Most of the time these public companies do regular mass layoffs just to make their investors happy to do short term stock price manipulation so they can get a bump in their executive salaries. This happens all the time Sure doesn't seem like an IPO makes anyone but the tops lives easier in my book...
- thfuran 5mo agoIf you spend a month working all day every day on something and then you get paid 5¢, was that fair compensation simply because you're materially better off for having received it? BTW, I made $10,000 reselling your labor.